News
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Dangote refinery ramps up production with US crude – Report
The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for as much as a third of its feedstock as it starts up production. A report by Bloomberg on Thursday stated that the plant has been shipping products in recent weeks…
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Naira rises to N1,060/$ in parallel market
The Naira, yesterday, appreciated to N1,060 per dollar in the parallel market, from N1,105 per dollar on Wednesday. However, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,154.08 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,154.08 per dollar from N1,072.74 per…
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Tinubu’s reforms yielding positive results — Alake
THE Minister of Solid Minerals Development, Dr Dele Alake, yesterday, said the reforms President Bola Tinubu embarked upon since assumption of office have started manifesting in the resurgence of the nation’s economy. Speaking while hosting a delegation of the All Progressives Congress, APC, Professionals Forum led by a former governor…
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Federation Account rakes in over N7trn July — Dec, 2023
The Revenue Mobilization Allocation and Fiscal Commission, RMAFC, has disclosed that N7.314trillion accrued to the Federation Account for the period July to December 2023, as captured in the monthly report to the Federation Account Allocation Committee, FAAC, by the Central Bank of Nigeria, CBN. This came as RMAFC advocated that…
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FG urges govs to lead fight against child, forced labour
The Federal Government on Thursday, called on state governors to take ownership of the fight against the prevalence of child labour and forced labour at the state and local levels. The Minister of Labour and Employment, Nkeiruka Onyejeocha, who made the call at the official launch of the Nigeria Child…
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Heavy punishment awaits persons threatening Nigeria’s unity – Tinubu
“We thank you for visiting Akure in February 2024 and believe it is proper to reciprocate your kind gesture. “We appreciate this relationship, and we need to make it work in the interest of Nigeria.” Describing President Tinubu as the most important political figure in Africa, the monarch conveyed the…
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DJ Commissioner Wysei, not DJ Switch, arrested – Lagos police
The Lagos State Police Command has tendered a public apology for a mix-up following the alleged arrest of a popular Nigerian disc jockey, Obianuju Catherine Udeh, aka DJ Switch. The State Police Public Relations Officer, SP Benjamin Hundeyin, made the apology via his X handle Thursday, stating that the arrested…
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DNA: Court to serve Mohbad’s wife via substituted means
The Chief Magistrate Court sitting in Ikorodu has granted the order that Wunmi, the wife of the late singer, Ilerioluwa Aloba aka Mohbad, be served notice of the pending DNA test application by substituted means. This was contained in a statement signed by a member of the legal team to…
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Nigeria will become major global economy under Tinubu – Shettima
Vice President Kashim Shettima has expressed optimism that Nigeria will become a major economic force in the world under President Bola Tinubu. Shettima stated this at the Presidential Villa, Abuja, when he hosted a delegation from the Commonwealth Enterprise Investment Council (CWEIC) led by its Chief Executive Officer (CEO), Rosie Glazerbrook. According…
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Yahaya Bello whisked away by Ododo — EFCC
Former governor of Kogi State, Yahaya Bello, has been whisked away from his Abuja residence by his successor, Governor Usman Ododo, according to the Economic and Financial Crimes Commission (EFCC). This aforesaid information was provided by a reliable source at the EFCC, as reported by Channels Television. This is coming after…