Saturday, May 10, 2025
I couldn’t keep the money; it’s not mine. I’m a child of God — Nigerian giveaway winner who refunded crypto trader speaks. Earlier today, the story of a Nigerian known as Lucky, who returned $14,000 to a crypto trader who mistakenly sent him more than the intended amount, was trending. […]
Aliko Dangote, the President, Dangote Industries Ltd has identified solutions to sustaining existing local and foreign investments as well as attracting new investors into the country. Dangote gave the solutions in a keynote speech delivered at the opening of a three-Day Nigeria Manufacturers Summit with the theme,” Rethinking Manufacturing in […]
The Senate, on Tuesday, passed for first reading bills seeking to create two additional South-East states to increase states in the region to seven. This was as a bill seeking the creation of Etiti State in the South-East geo-political zone was read for the first time on the floor of the House […]
The naira on Monday recorded gains on the parallel market, also called the black market as the new foreign exchange (FX) rule by the Central Bank of Nigeria (CBN) commenced on Monday, July 1. On the black market, the naira gained 0.66 percent as the dollar was quoted at N1,510 […]
Nyesom Wike, the minister of the Federal Capital Territory (FCT), said that Ireti Kingibe, the senator representing the nation’s capital, will not be reelected in 2027. Wike made this statement on Monday in Abuja during the flag-off ceremony for the construction of the Mabushi bus terminal. “If we have done […]
OFFICE OF THE HONOURABLE MINISTER OF WORKS PRESS RELEASE 1st July 2024 FG TERMINATES CONTRACTS WITH MOTHERCAT, DANTATA & SAWOE AND RCC COMPANIES FOR NON-PERFOMANCE ON THE DUALIZATION OF OBAJANA-BENIN ROAD; SECTIONS II, III AND IV, WARNS THAT GOING FORWARD, ALL FUNDED BUT NON PERFORMING CONTRACTS SHALL BE TERMINATED 1. […]
The National Bureau of Statistics (NBS) says two states and the Federal Capital Territory (FCT) contributed to the country’s capital importation in the first quarter (Q1) of 2024. In a report on Monday titled ‘Nigeria Capital Importation Q1 2024,’ NBS said the country recorded $3.38 billion in foreign investments, up […]
LAGOS — A drastic drop in vessel calls into the nation’s ports has plunged operations in the maritime sector into a major crisis as businesses continue to nosedive, following the forex crisis and inflation currently militating against the economy. Those affected are terminal operators, shipping companies, truckers, licensed Customs agents, and […]
As Premium Motor Spirit also known as petrol from the Dangote Petrochemical Refinery hits the local market in two to three weeks, petroleum marketers have expressed the fear that the product’s price may be higher than expected. They spoke against the backdrop of the 650,000-capacity refinery’s failed attempt to get […]
Nigeria’s new Dangote oil refinery is ramping up gasoil exports to West Africa, capturing market share from European refiners, according to traders and shipping data. According to Reuters, the $20 billion refinery is currently producing a lower grade of gasoil than anticipated as it awaits the restart of units necessary […]