Friday, April 4, 2025
Dangote Group has said that it plans to transport refined petroleum products by sea. This announcement was made in a statement on Sunday by the Senior Adviser to the Group President on Special Projects and Strategic Relations, Fatima Wali-Abdurrahman. She noted the construction of a jetty in the Lekki Free […]
The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal Government in strengthening human capital through better health for women, children and adolescents. It added that the approved projects would also help […]
The office of the deputy governor of Edo State, on Osadebe Avenue, Benin, the state capital, has been sealed off by stern-looking policemen who were spotted there on Sunday. The sealed office was the one Philip Shaibu was relocated outside the Government House in the height off his face off with Governor Godwin […]
The Nigerian naira snapped from its losing week-long streak and is poised to continue its rally on the back of the recent 0.5 percent rate hike. Meanwhile, the US Bureau of Labour Statistics will release data showing trends in the jobless rate for September after unexpectedly slowing in August. “The […]
Crude prices are seeing a sharp rise today, with WTI trading at $68.52 per barrel, up 1.26 percent, and Brent Crude at $72.27 per barrel, up 0.94 percent. These gains are driven primarily by escalating tensions in the Middle East, particularly the intensifying conflict between Israel and Hezbollah. This volatility […]
By Bunmi Aduloju On September 23, Aliko Dangote, the founder of Dangote Petroleum Refinery, said petrol is about 40 percent cheaper in Nigeria than in Saudi Arabia. Dangote spoke during an interview with Bloomberg TV. Speaking about the subsidy situation in Nigeria, the billionaire entrepreneur said it is the right […]
Former Speaker of the House of Representatives Yakubu Dogara on Friday said President Bola Tinubu didn’t remove the subsidy on fuel even though he made the announcement. Dogara said there was no provision for fuel subsidy in the budget before Tinubu made the announcement. Featuring on Channels TV, the former Speaker […]
The naira depreciated to N1,700 per dollar at the parallel section of the foreign exchange (FX) market on Friday. At the end of trading hours, the naira depreciated by 1.49 percent compared to the N1,675/$ traded on Thursday. The N1,700 per dollar is the lowest the naira has depreciated since February […]
A significant drop in the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has sparked anticipation of a potential reduction in the pump price of the commodity. According to the Major Energies Marketers Association of Nigeria (MEMAN), the landing cost has plummeted to N981 per litre, a […]
Nigerian workers have confirmed receiving Federal Government’s new minimum wage. The spokesperson of Nigeria Labour Congress, Benson Upah and the Deputy President of the Trade Union Congress, Tommy Etim disclosed this in a separate statement on Thursday. Upah and Etim’s comments come as DAILY POST exclusively reported on Thursday that […]