Saturday, April 19, 2025
Nigeria has become the third largest debtor to the World Bank’s International Development Association (IDA) as of June 30, 2024, marking a significant increase in the country’s borrowing from the institution. This development has reflected a substantial shift in Nigeria’s financial landscape under the administration of President Bola Tinubu. According […]
Billionaire businessman and Chairman of Geregu Power PLC, Mr. Femi Otedola, has hailed his friend and President of the Dangote Group, Alhaji Aliko Dangote, for rolling out petroleum product from his refinery. Otedola said by building the 650,000 barrel per day refinery, Dangote has liberated Nigeria from the chain of […]
Nigeria’s Current Account position is projected to record a higher surplus of $6.96 billion this year, a macroeconomic report by the Central Bank of Nigeria (CBN) research department has shown. The current account balance of payments is a record of Nigeria’s international transactions with the rest of the world. This […]
The price of Premium Motor Spirit (PMS) in Kano has jacked up to N1,200 across some filling stations as the Nigerian National Petroleum Company Limited (NNPCL) outlets adjusted pump price to N904 per litre. Daily Trust reports that the NNPC outlets are currently inundated by long queues as the price of […]
A False Alarm: NNPC Retail MD, Huub Stokman, Denies Authorizing Price Hike Message In a swift response to the widespread news of a fuel price hike, the Managing Director of NNPC Retail, Huub Stokman, has denied authorizing the message announcing the increase. The message, which circulated widely on social media […]
🚨🟡🔴 Galatasaray have reached an agreement in principle with Napoli over loan deal for Victor Osimhen! One year loan, salary covered as Napoli have accepted these conditions. Gala’s delegation to meet with Osimhen in Napoli in next hours for final green light to the move.
Nigeria has been delisted from the United States Federal Aviation Administration Category One Status (USFAA CAT 1) International Aviation Safety Assessment programme (IASA), investigation by Daily Independent can reveal. With this removal, no Nigerian airline, including Air Peace, which planned to commence direct flight from Lagos to New York “soon,” can […]
The Federal Ministry of Housing and Urban Development has commenced the construction of 500 housing units in Kano State. Named Renewed Hope Estate, it is located at lambu village of Tofa Local Government Area. The project will see the construction of blocks of 2-bedroom semi-detached, 1-bedroom semi-detached and 3-bedroom semi-detached […]
Amid the controversial $6 billion debt being owed to petrol suppliers by the Nigerian National Petroleum Company Limited, NNPCL, a Northern group, Arewa Democratic Front, ADF, has urged President Bola Tinubu to take decisive action. DAILY POST recalls that the Chief Communications Officer of the NNPCL, Mr. Olufemi Soneye, confirmed the debt, […]
President Bola Ahmed Tinubu has appointed a new board for the Bank of Industry (BoI) Limited, signaling a fresh start for the nation’s premier development finance institution. This was contained in a statement on Monday by Special Adviser to the President on Media and Publicity, Ajuri Ngelale and obtained by News360 […]