Dangote to take 400,000 bpd of Nigerian crude
Dangote oil refinery is poised to process up to 400,000 barrels of crude per day (bpd) over the next two months and will reach full capacity in the coming months. According to a cargo allocation list seen by…
Stop crude-for-loan deals – Dangote tells govt
The President of Dangote Group, Aliko Dangote, has said that Nigeria needs to stop mortgaging crude oil to ensure the availability of feedstock for local refineries. Dangote, who spoke at a summit organised by…
Dodan Barracks renovation to be completed December – Presidency
The State House management said, on Tuesday, that the ongoing renovation of Dodan Barracks in Lagos, the former seat of power of the Federal Government, would be completed by December. It also disclosed that its…
Nigerians may spend N950bn on 2025 Hajj
The National Hajj Commission of Nigeria has stated that there will be no concessionary rates or government subsidies provided for the 2025 Hajj pilgrimage to Saudi Arabia. NAHCON’s Commissioner for Operations,…
FCT Minister Nyesom Wike’s Mounting Political Predicament
In my last piece for the year 2023, precisely on the 27th of December, I posed the question in an article entitled: ABUSIVE GODFATHERISM: IS WIKE NOT OVEREACHING HIMSELF? It is now apparent that Wike has overreached…
16 States Ask Supreme Court To Declare EFCC Unconstitutional
The Supreme Court, on Tuesday, fixed October 22 for the hearing of a suit filed by no fewer than 16 state governments challenging the constitutionality of the laws establishing the Economic and Financial Crimes…
Lagos not affected by court order stopping VIO from impounding vehicles – Commissioner
Oluwaseun Osiyemi, the commissioner for transportation in Lagos, says the judgment of the federal high court in Abuja that stops the directorate of road traffic services from stopping vehicles, impounding them, or…
Access Bank announces temporary service disruption
In an email sent to its customers on Tuesday, the bank stated that the upgrade will take place in phases, starting on Saturday, October 12, at 10 pm and ending on Sunday, October 13, at 6:30 am. The bank added…
Our refinery was built without any government incentive – Dangote
Alhaji Aliko Dangote, President of Dangote Group, stated on Tuesday that the Dangote Refinery was built without any government incentives. Dangote shared this during his keynote address at the Crude Oil Refinery…
FG names Dangote refinery sole supplier of Jet A1
The Federal Government has approved Dangote Refinery as the exclusive supplier of jet fuel for Nigeria’s airline operators. This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo,…
CBN Weighs In: Responds to Attempts to Misinform the Banking Public and Reasserts Its Role as Apex…
In a show of strong support for GTCO and move to debunk false allegations being levelled against the GTCO and its Executive Management…
‘Issued in error’ — NCC withdraws statement on Starlink’s subscription price hike
The Nigerian Communications Commission (NCC) has withdrawn its statement claiming that Starlink did not receive regulatory approval…
Hopfield, Hinton win Nobel Prize for Physics, pushing AI to new heights
John J. Hopfield and Geoffrey E. Hinton, two visionary scientists, have been awarded the 2024 Nobel Prize in Physics for pioneering the development of artificial neural networks. Their breakthrough technology has…
Fubara Vows Action Against Arsonists In Rivers
The Rivers State Governor, Siminalayi Fubara has vowed to take decisive action against those responsible for setting ablaze three local government secretariats in the state on Monday. He pledged that the…
BREAKING: Court returns Abure as LP National Chairman, as Obi, Otti suffer setback
A Federal High Court in Abuja on Tuesday returned Julius Abure as the national chairman of the Labour Party, LP. The court declared the 2024 Labour Party national convention held in Nnewi, which re-elected…
Bobrisky Demands ₦5m For One Hour Interview
Bobrisky, a Nigerian crossdresser, whose real name is Idris Okuneye has stated that he would no longer be granting free interviews or press…
Alimosho LG Chairman sues Lagos House Of Assembly for ‘unlawful interference’
The Alimosho Local Government Council in Lagos State has dragged the State House of…
Experts, Stakeholders Association React To Baseless and Unfounded Allegations Against GTCO
Stakeholders and financial industry experts have reacted to the series of allegations against Guaranty Trust Holding Company…
Naira expected to stabilize against the dollar in the fourth quarter of 2024 – Report
The naira is projected to stabilize against the US dollar by the end of the fourth quarter of 2024, finishing the year strongly. This projection comes from a recent macroeconomic report by First Securities Discount…
More service disruptions loom as Nigerian banks switch core banking applications
Nigerian bank customers are set to witness more service disruptions in the coming weeks and months as the financial institutions embark on system upgrades to improve their operational efficiency and enhance customer…
NCC to sanction Starlink for increasing subscription price in Nigeria without approval
The Nigerian Communications Commission (NCC) has said it would sanction Elon Musk’s internet company, Starlink, for increasing its subscription price in Nigeria without approval from the regulator. This followed a…
Diezani’s suit against EFCC suffers setback
A suit filed by the former Minister of Petroleum, Diezani Alison-Madueke, to challenge the order obtained by the EFCC for final forfeiture of her seized assets, was on Monday stalled at a Federal High Court,…
Worries over petrol price as Tinubu deregulates downstream sector
• NNPC, marketers may import petrol to complement Dangote’s output• Stakeholders seek transparency in Dangote-NNPC operations After repeatedly denying any intention to reintroduce fuel subsidies, which…
‘1,200 Bags For Each Senator, 600 To Reps’ – Opeyemi Bamidele Opens Up On Tinubu’s Fertiliser…
President Bola Tinubu has released 1,200 bags of fertiliser to each senator for distribution to farmers in their districts. This is according to Senate Leader, Opeyemi Bamidele. Speaking Monday in Ado Ekiti,…