Thursday, March 20, 2025
The lead promoter of the Escravos Seaport Industrial Complex project in Delta State, Mercury Maritime Concession Company, has said that Nigeria may lose $27.29bn investment in the project by the end of June. The Chairman of MMCC, Rear Admiral Andrew Okoja (rtd), disclosed, in a statement on Tuesday, that this was […]
Africa’s richest person and founder of the Dangote Group, Mr Aliko Dangote, yesterday disclosed that he had already offset about $2.4 billion of the $5.5 billion he borrowed to build his $19 billion refinery located near Lagos. Speaking at the Afreximbank Annual Meetings (AAN) and AfriCaribbean Trade & Investment Forum […]
Babatunde Fashola, the immediate past minister of works and housing has said there are no totally free market economies in the world, adding that the idea is “illusionary”. Fashola, on Wednesday, said this while speaking at the 36th edition of The Platform Nigeria held in Lagos with the theme: “Democracy […]
Africa’s largest oil refinery, Dangote Refinery, has moved the date of production of premium motor spirit (PMS), popularly known as petrol, from June to the middle of July. The President and CEO of the refinery, Aliko Dangote, confirmed the new production date to newsmen at the $20 billion facility in […]
A coalition of Nigerian civil societies has announced a mass protest scheduled for Wednesday, June 12, to decry the hardship and hunger under the President Bola Tinubu-led government. POLITICS NIGERIA reports that the participating groups include the Take-It-Back Movement (TIB), African Action Congress party (AAC), Joint Action Front (JAF), Education Rights […]
The Kwara State Government has asked the Supreme Court to dismiss the suit filed by the Federal Government seeking full autonomy for the 774 Local Government (LG) Councils in the country. In a legal process filed at the apex court, the state contended that granting the reliefs sought by the […]
The Nigerian government shared a total N4.23 trillion as foreign exchange gains, representing 20.14 percent of the gross federal account allocation committee (FAAC) in the last 12 months, a report by Agora Policy has shown. The Abuja-based think-tank in its report titled “How Exchange Gain Became a Major Source of […]
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted claims that it inflated subsidy by N3.3 trillion, for Premium Motor Spirit, popularly known as petrol, On Monday, media reports surfaced about a forensic audit conducted by KPMG, a global accounting firm, which uncovered a significant discrepancy in the fuel […]
Nigeria risk missing out on consecutive World Cups for the first time since their first outing in 1994 after suffering a shock defeat to the Benin Republic. Minnows Benin Republic shocked the Super Eagles, beating them 2-1 as they raced to the top of Group C in CAF’s 2026 World […]
The N2.7bn contract fraud trial of the immediate-past Minister of Aviation, Hadi Sirika, opened on Monday with a former Director of Procurement in the Federal Ministry of Aviation, Azubuike Okorie, testifying against him. Sirika is standing trial alongside his daughter, Fatima, son-in-law, Jalal Hamma, and their company, Al-Buraq Investment Limited. […]