NNPC targets two million barrels oil production daily The Nigerian National Petroleum Company Limited has announced its goal to increase crude oil production to two million barrels per day by the end of the year. The country’s daily production rose from 1.27 million barrels in June to 1.6 million[Read More…]
The Nigerian Airspace Management Agency has suspended its earlier announced increase in navigational charges by 800 per cent based on the directive of the Minister of Aviation and Aerospace Development, Festus Keyamo. This was disclosed this in a statement by the Director of Public Affairs and Consumer Protection of[Read More…]
Dangote accuses NNPC officials, trader’s of secret Malta plants Dangote’s revelation has sparked concerns about the integrity of Nigeria’s fuel supply chain and the role of NNPC officials and traders in perpetuating the importation of substandard fuel. The billionaire businessman revealed this at the House of Representatives on Monday,[Read More…]
Dangote offers to sell refinery to NNPC over ‘monopoly’ allegation Africa’s richest businessman, Aliko Dangote has said he is willing to sell his oil refinery to the Nigerian l Petroleum Company (NNPC) Limited. Dangote disclosed this in an interview with Premium Times on Sunday. The billionaire’s statement[Read More…]
Biden exists presidential race, ends white house bid US President Joe Biden has stepped down from the presidential election. In a statement on Sunday, Biden said it is his intention to seek reelection as president, but his decision to quit the race is in the interest of the Democratic[Read More…]
Dangote drops plan to invest in Nigeria’s steel sector President and Chief Executive Officer (CEO) of Dangote Group, Aliko Dangote, has announced that the company will abandon its plan to invest in the steel industry. This is coming after facing what appears to be sabotage from the Nigerian[Read More…]
Court orders INEC to probe governors, others over 2023 election violence Federal High Court, Abuja has ordered the Independent National Electoral Commission, INEC to probe governors, Deputies, and others over electoral violence, bribery, and vote-buying during 2023 general elections. According to a statement issued by the Socio-Economic[Read More…]
Tinubu approves N70,000 minimum wage President Bola Tinubu has approved N70,000 as the new minimum wage for workers in the country. Tinubu announced the minimum wage during a meeting with leaders of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) at the presidential villa on Thursday. NLC president,[Read More…]
Cost Saving: Ecobank to Host SMEs on the Need For Solar Energy As Alternative Power Source Ecobank Nigeria, a subsidiary of the Ecobank Group says all is set for its SME Conference on the use of Solar Energy as alternative source of power for businesses in Nigeria. The monthly virtual conference[Read More…]
Reps to donate 50% of salaries to combat hunger The House of Representatives at a plenary session on Thursday pledged to give up 50 per cent of their salaries for six months to address the hunger across the country. During the session presided over by Speaker Tajudeen Abbas, Deputy[Read More…]
