The soaring cost of domestic air travel in Nigeria is forcing many citizens to abandon air transportation, as one-way tickets now sell for over N200,000 on several routes. Routes such as Lagos to Abuja, Enugu, Kano, and Owerri have seen unprecedented price hikes, with some flights costing as much as […]

FCT MINISTER SIGNS MOU WITH TWO CHINESE CORPORATIONS FOR POWER, RURAL WATER SUPPLY The Hon. Minister of the FCT, Barr. Ezenwo Nyesom Ezenwo Wike – CON, GSSRS on Saturday, September 7, 2024 signed two Memoranda of Understanding (MOU), with the China Civil Engineering Construction Corporation (CCECC) and the China Geo-Engineering […]

Nigeria’s Aliko Dangote regains Africa’s richest title from Johan Rupert Aliko Dangote, the Nigerian industrial magnate and chairman of the Dangote Group, has regained his title as Africa’s richest man, overtaking South African billionaire Johan Rupert.  According to the latest Forbes data, Dangote’s wealth currently stands at $11.7 billion, narrowly […]

Spokesman of the Nigeria Labour Congress, NLC, Benson Upah, has warned that Nigerians could eventually buy petrol for N5,000 per litre. Upah stated this while reacting to the recent hike in fuel pump price in an interview with Weekend Trust. He also insisted that the increase is contrary to the […]

The Dangote refinery may resort to exporting its Premium Motor Spirit (petrol) following the refusal of the Nigerian National Petroleum Company Limited to be the sole buyer of its product. The NNPC, in a statement by its spokesman, Olufemi Soneye, said on Saturday that it would not buy Dangote fuel […]

SERAP said, “Suspected perpetrators of alleged corruption and mismanagement in the NNPC should face prosecution as appropriate, if there is sufficient admissible evidence, and any proceeds of corruption should be fully recovered.” The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good […]

The Naira raced to N2,000 per dollar at the black market on Saturday despite the Central Bank of Nigeria’s sale of dollars to the Bureau De Change operators. A BDC operator, Dayyabu Ashiru confirmed to DAILY POST that Naira was exchanged for N1,670 per dollar on Saturday from the N1665 […]

Following the recent increase in the pump price of petrol and the prevailing food supply challenges gripping the country, economists have warned that the number of Nigerians below the poverty line may soon exceed the 104 million  projected by the World Bank in 2023. The global bank had said the poverty […]

Many Nigerians invested hopes in the Dangote Refinery and thought it would bring stability to Nigeria’s chaotic petroleum industry. But on the cusp of its coming on stream, it began to be dogged by regulatory and other kinds of puzzling troubles from the Bola Ahmed Tinubu administration. Why is a refinery […]