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Category: Business
Dangote fuel exports surge amid foreign refineries’ shutdown
The Dangote Petroleum Refinery has lately exported more fuel to foreign nations as Saudi Aramco and others in the Middle East Gulf close refineries for…
NNPCL seals partnership with Nigerian firms on contracts for petroleum licences
Nigerian National Petroleum Company Limited (NNPCL) has secured a partnership with Nigerian private oil and gas firms on a production sharing contract for petroleum prospecting…
Nigerian Govt sets up committee to address foreign missions’ debt
The Federal Government has inaugurated a committee to address the debt profile of Nigeria’s foreign missions. The spokesperson of the Ministry of Foreign Affairs, Kimiebi…
Naira records highest gain against dollar amid rising external reserves
The Naira on Thursday recorded the highest single-day gain against the dollar at the official foreign exchange market this week amid a continued rise in…
Nigeria’s diaspora inflow increases to $600m monthly — CBN Gov Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that diaspora remittance inflow into the country increased from $200 million to $600…
Tariff war: FG intervenes as states, Discos’ rift deepens
As the crisis between states and electricity distribution companies continues to degenerate over who has the power to fix electricity tariffs, the Federal Government, through…
NEC unveils road map for $1tn economy by 2030
The National Economic Council (NEC) on Thursday unveiled the framework for the Renewed Hope Development Plan (2026–2030) aimed at consolidating Nigeria’s reform agenda and actualising…
FG, ASUU clash over 2021 agreement
The Academic Staff Union of Universities on Thursday knocked the Minister of Education, Dr. Tunji Alausa, over claims that the government never signed any agreements…
FG defends passport price hike to N100,000, N200,000
The Federal Government, on Thursday, defended the upward review of Nigerian passport fees to N100,000 and N200,000, saying it was necessary to sustain quality, curb…
Long-term neglect hindering refineries revamp – NNPC
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has declared that fixing the country’s refineries under NNPC’s management…