Prior to Nigeria’s Independence in 1960, agriculture was the mainstay of its economy, even as reflected in the economic activities of the regions there were in the country at that time. Famous stories of the First Republic chronicled how the defunct regions were reliant on revenues from the groundnut pyramids […]

Oando PLC has been chosen as the preferred bidder for the lease of the Guaracara refinery. Acting Prime Minister Stuart Young, (also Minister of Energy) said the decision was largely based on Oando’s strong financial track record, particularly its $1.5 billion acquisition of ConocoPhillips’ assets in Nigeria. The evaluation committee […]

Dr. Bosun Tijani, the Minister of Communication and Digital Economy, says the 50 per cent tariff increase for telecom companies will guarantee meaningful access to telecoms services for Nigerians. The minister said this while briefing State House Correspondents on Thursday. The minister had led Mr. Sunil Mittal, Chairman, Bharti Airtel […]

The Minister of Works, David Umahi, has lamented the skyrocketing price of cement, stating that it has had a significant negative effect on ongoing infrastructure projects across the country. The minister also appealed to cement manufacturers to reduce the price from N9,500 to N7,000, urging that such a decrease would […]

Importers of petroleum products have lamented the repeated reduction of petrol prices by the Dangote Petroleum Refinery, The PUNCH reports. Some of the importers said dealers might be compelled to sell below their cost prices as consumers would only buy from where petrol is cheaper. On Wednesday, the Dangote refinery announced a […]

Former Kaduna State Governor, Mallam Nasir El-Rufai, alongside Bashir Saidu, held a meeting with the executive committee of the Peoples Democratic Party (PDP) in Kaduna today. Details of the meeting, including its purpose and outcomes, are yet to be disclosed at the time of filling this report. News360 Nigeria reports that […]

https://www.youtube.com/watch?v=nc-HkBcrOM0?si=lclOLAESdAslkt-KDaddy D.O.🇳🇬 @DOlusegun PRESIDENT TINUBU PLEDGES SUPPORT FOR FINTECH COMPANIES AS FLUTTERWAVE SEEKS LISTING ON THE NIGERIAN EXCHANGE President Tinubu said his administration will support businesses in the financial technology sector that provide payment infrastructure services for Nigerians and Africans. He said this when he received the leadership of Flutterwave […]

A member of the House of Representatives from Kaduna State, Amos Mogaji, has defected from the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC). Mr Mogaji’s defection was contained in a letter read by the Speaker of the House, Abbas Tajudeen, on the floor of the House […]

The Central Bank of Nigeria (CBN) has announced a review on the transaction fees for automated teller machines (ATMs) In a circular signed by John Onojah, acting director of financial policy and regulation department, the CBN said the revised charges will take effect from March 1. The regulator said the […]

Some oil marketers are beginning to change the logo of the Nigerian National Petroleum Company Limited on their filling stations, as the dealers dump the franchise deals with NNPCL due to the stiff competition in the prices of refined products in the downstream arm of the oil sector. It was […]