FG releases withheld salaries of striking non-teaching staff in federal varsities. The federal government has released the withheld salaries of striking non-academic staff in federal universities. Bawa Mokwa, the director of press at the office of the accountant-general of the federation (OSGF), spoke to TheCable on Saturday. He said disbursement […]
Business
Dangote Refinery Dismisses Allegation Of High Petrol Price
Dangote Refinery has dismissed the allegation of selling Premium Motor Spirit, PMS, also known as petrol at between N1, 015 and N1, 028/litre, as fake news. Oil marketers, yesterday, said the price of petrol, produced by the Dangote Petroleum Refinery stood between N1, 015 and N1, 028/litre, adding that it […]
Libya Begins Mass Arrest Of Nigerians After CAF Verdict
Following the verdict delivered by the Confederation of African Football in response to the complaint lodged by the Nigeria Football Federation over the recent inhumane treatment meted out to the Super Eagles in Libya, members of the Nigerian community have reported mass arrests and fines in the country. The Nigerian […]
Marketers Plan To Sell Petrol Below ₦1,028/Litre Dangote Price
Oil marketers, on Friday, revealed that the price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import the commodity and sell it below the Dangote refinery price as […]
Supply Enough Petrol For Local Consumption, Tinubu Tells Dangote, Others
President Bola Ahmed Tinubu has urged Nigeria-based refineries to look inward and consider supplying enough petrol and petroleum products for local consumption to stop the persistent reliance on importation. He said this would enable the channelling of foreign exchange into the development of the real sector. The president stated this […]
BoI Opens Portal For FG’s ₦75 Billion MSME Fund
The Bank of Industry (BoI) has announced the opening of its application portal for those seeking to benefit from the federal government’s N75 billion Micro, Small, and Medium Enterprises (MSMEs) Intervention Fund. This was disclosed on Monday during a joint press conference by the Nigerian Association of Small Scale Industrialists […]
Nigeria’s Stock Market Surges by 38% in Nine Months, Adding ₦15.66 Trillion
Amidst turbulent economic challenges, Nigeria’s stock market has demonstrated remarkable resilience, posting impressive gains that underscored investor confidence and market vitality. Precisely, with just one trading day left to the end of the first nine months of 2024, the Nigerian stock market has gained N15.66 trillion as investors continued to invest […]
FG Plans Tax Overhaul To Access $750m World Bank Loan
The Federal Government is pressing ahead with critical tax reforms not just to boost tax revenue and efficiency but also to meet the requirements for a $750m loan from the World Bank. This loan project is a part of the broader $2.25bn approved by the World Bank for Nigeria on June […]
Naira-For-Crude: Dangote Gets NNPCL’s First Supply
The Dangote Petroleum Refinery has received four cargoes of crude oil from the Nigerian National Petroleum Company Limited under the naira-for-crude sale agreement, officials of the refinery and the Federal Government confirmed on Tuesday. It was gathered that the four cargoes of crude were delivered to the refinery within the past […]
Nigeria To Benefit From €4 Billion German Green Energy Investment
Nigeria is set to benefit from Germany’s ambitious €4bn investment in green energy projects across Africa by 2030. This was disclosed in a statement by the Director of Media and Corporate Communications at the National Space Research and Development Agency, Dr Felix Ale, on Tuesday. Ale shared the insights following the […]