BUSINESS
Bulk Sale Of Petroleum Products From Port Harcourt Refinery Yet To Commence — NNPCL
The Nigerian National Petroleum company limited has clarified that it has not commenced bulk sales of product from the Port Harcourt refinery following the trucking out of product on Tuesday. The clarification followed a series of enquiries on the pricing template as Nigerians sought to know how the revamp refinery will positively impact prices. The National Headquarters of Petroleum Products Retail...
CBN Raises Interest Rate To 27.50%
Nigeria's interest rate was raised by 25 basis points by the Central Bank of Nigeria from 27.25 percent in September 2024 to 27.50 percent in November. The Governor of CBN, Olayemi Cardoso, disclosed this during a press briefing on Tuesday after the 298th MPC meeting in Abuja. “The Committee was unanimous in its agreement to raise the monetary policy rate by...
No Rest Till Nigerians Feel Impact Of My Economic Reforms, Tinubu Vows
Following the newly released third quarter Gross Domestic Product (GDP) report by the National Bureau of Statistics, President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand. Nigeria’s GDP grew by 3.46 per cent, compared to the 3.19 per cent growth recorded in the second quarter, according to the NBS. The growth in GDP shows...
Despite Improved Revenue, We Still Need More Borrowings, Edun Tells Senate
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says the Nigerian government needs more borrowings to fund its budget even though some Ministries, Departments and Agencies have surpassed their revenue target. Edun said this during an interactive session of the Senate Joint Committees on Finance and National Planning and Economic Affairs on the 2025-2027 Medium-Term Expenditure...
Dangote Refinery Reduces Fuel Price By N20
The Dangote Petroleum Refinery says it has reduced the price of its Premium Motor Spirit from N990 per litre to N970/litre. This is the amount marketers would buy the product from the refinery. In a statement released on Sunday, the Group Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina, said the reduction was to appreciate Nigerians as the...
Ex-Gov Ikpeazu Urges China To Teach Nigeria Fishing Instead Of Giving It Fish
The immediate past governor of Abia State, Okezie Victor Ikpeazu, has called on Nigeria and Africans to embark on more research and data analysis to help them understand the Chinese system in their ongoing cooperation. Ikpeazu made the call in Abuja during Thursday’s presentation of a book by John C. Azu, Daily Trust’s judiciary reporter, titled: “Contemporary Legal Cooperation: China...
Edo State Govt Declares Over 200 Vehicles Missing
The committee set up by the Edo government to recover government assets says over 200 vehicles belonging to the state are missing. The chairman of the committee Kelly Okungbowa shared the information with journalists in Benin City, the Edo State capital on Friday. He said three of these vehicles have been recovered less than a day after the group was inaugurated. Okungbowa...
PCRC Provides Food Products To Widows Of Ex-Police Officers
The Abia State Police Community Relations Committee (PCRC) has donated food items and other household materials to over 100 widows of deceased police officers in Abia State. State President of Police Officers Wives Association (POWA), Mrs. Esther Uma Orji, made the presentation on behalf of the Zone 9 PCRC led by Dr. Collins Obi at the office of the Acting...
Suspected Land Grabbers Invade Ondo Community
The Akure West LCDA headquarters in Ondo State's Isinkan community is tense after alleged land grabbers carrying lethal weapons interrupted a housing project that was in progress. According to reports, about 10 individuals stormed the site in a convoy, drove away workers, and allegedly destroyed equipment. Sources claim the intruders acted on the orders of the Deji of Akureland, Oba Aladelusi...
Customs Generates N144.2bn Revenue In 10 Months
The Murtala Mohammed Area Command of the Nigeria Customs Service, Thursday stated that it realised the sum of N143.2 billion revenue into the federal government coffers between January and October, 2024. Aside, the revenue the command also intercepted, 250 turtles, 23 pieces of walkie-talkies, 175 pieces of military helmet, and 50 pieces of drones allegedly being smuggled into the country...
