The exchange rate between the naira and the dollar fell to a six-month low of N1,625.88/$1 on the official NAFEM market on Wednesday, August 4, 2024. This marks the lowest exchange rate since March 8, 2024, when it was recorded at N1627.4/$1. According to the FMDQ data for the NAFEM […]
Other News
Ballon D’or 2024: Super Eagles Winger Ademola Lookman Makes 30-Man Shortlist
Super Eagles winger Ademola Lookman has made the 30-man shortlist of nominees for the 2024 Ballon d’Or award. Lookman has been selected among world-class players like Jude Bellingham, Kylian Mbappe and Vinicius Jr in a list unveiled by the organisers on Wednesday. The Atalanta forward made headlines around the world […]
China To Help Nigeria Fight Money Laundering, Terrorism Financing – Chinese Govt
The Chinese government says it will partner with Nigeria in the fight against money laundering and terrorism financing. A joint statement issued by both countries said the agreement aimed at supporting Nigeria’s efforts to safeguard the stability of its financial and foreign exchange markets and crack down on financial crimes. The agreement […]
Abdul Hakim Awal Breaks Guinness World Record For Longest Time To Hug A Tree
A 23-year-old journalist from Kumasi, Ghana, has broken the Guinness World Record for the longest time to hug a tree. Abdul Hakim Awal’s “tree-hug-a-thon” took place outside Kumasi Cultural Centre. It lasted 24 hours 21 minutes. The previous record was 16 hours and it was set by Ugandan environmental activist […]
Dangote Doesn’t Have Business With Petrol Price – LCCI President, Idahosa
Gabriel Idahosa, President and Chairman of Lagos Chamber of Commerce and Industry, LCCI, has said that Dangote Refinery does not have business with the price Premium Motor Spirit (Petrol) is sold at the filling stations. Idahosa disclosed this on Thursday during an interview on Channels Television monitored by DAILY POST. […]
China Pledges More Support For Nigeria’s Infrastructure Development
China has agreed to continue to support Nigeria’s infrastructural development in sectors such as transportation, ports and free trade zones, for the West African country to achieve integrated development and connectivity. This pledge was made as President Bola Tinubu disclosed that Africa holds vast opportunities for investments, growth, and development […]
Petrol Scarcity: NNPCL Bars Independent Marketers Amid Surging Prices
Nigerian National Petroleum Corporation has reportedly suspended the sale of Premium Motor Spirit – popularly called petrol – to independent marketers after it hiked the product’s price on Tuesday. This is even as three vessels berthed at the Apapa, Lagos jetty on Wednesday to discharge imported petrol. The price hike […]
Oando Director, Tanimu Yakubu, Resigns For National Assignment
Oando Plc has announced the resignation of Mr Tanimu Yakubu as a non-executive director of Oando Plc to undertake a national assignment with the Federal Government. In a statement by the Chief Compliance Officer & Company Secretary, Ayotola Jagun, noted that Yakubu was appointed to the board on June 30, […]
“Mele Kyari: NNPC GMD Must Go” – Protests Rock Abuja Over Fuel Scarcity
https://www.youtube.com/watch?v=Y8W2PTQi7Qg “NNPC GMD MUST GO” – Protests Rock Abuja Over Fuel Scarcity; Protesters Demand sack of Mele Kyari
FEC Will Determine Price Of Our Petrol, Says Dangote
Aliko Dangote, chairman of Dangote Industries Limited, says the price of petrol from his refinery will be determined by the federal executive council (FEC). Dangote spoke on Tuesday after a press conference in Lagos. The billionaire’s response follows the official announcement of the commencement of petrol production. “On pricing, it […]