BUSINESS
Abia Sacks Management Of Four Farm Estates, To Open Bid For Fresh Managers
The Abia State government has said it will initiate a fresh open bidding process soon to bring in more credible investors into its four farm estates established across the state. This comes as the government has announced the revocation, with immediate effect, of contracts for the management of the four farm estates, stating that the managers failed in their contractual...
Warri Harcourt Refinery Commences Operations, NNPCL Confirms
The 125,000 barrels per day Warri Refining & Petrochemicals Company (WRPC) in Warri, Delta State is now up and running. This was disclosed by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari during a tour of the facility on Monday. Before the tour of the facility began, Kyari was seen addressing the team, saying...
Gov. Fubara Presents ₦1.1tn 2025 Budget To Oko-Jumbo-Led Rivers Assembly
Rivers State Governor Siminalayi Fubara has presented the 2025 budget proposal of ₦1.1 trillion to the Victor Oko-Jumbo-led Rivers State House of Assembly. The Appropriation Bill, tagged “Budget of Inclusive Growth and Development”, was presented during plenary on Monday. Arriving at the Assembly complex with members of his cabinet and other top government officials, Governor Fubara was warmly received as the...
Masters Energy Group Celebrates 18 Years Of Transformative Impact In Nigeria (Video)
By Ifeanyi Okali Masters Energy Group, a conglomerate founded in 2005 by renowned businessman and philanthropist Dr. Uchechukwu Samson Ogah, CON, is celebrating 18 years of significant business operations and economic contributions in Nigeria. With its headquarters in Lagos, the Group has expanded its footprint across critical sectors of the economy, including oil and gas, industrial manufacturing, renewable energy, and...
China, Nigeria Renew Currency Swap Agreement
China and Nigeria have renewed their bilateral currency swap agreement, as China’s central bank announced on Friday. The People's Bank of China disclosed on its official website that the agreement is valued at 15 billion yuan, equivalent to approximately $2.09 billion or 3.28 trillion Nigerian naira. This renewed agreement will remain in effect for three years, with the option for further...
Learn To Manage, Switch Off Light To Reduce Electricity Bills, Tinubu Advises Nigerians
President Bola Tinubu has advised Nigerians to step up their management skill in reducing electricity bills. “It’s not negative to learn to manage. You learn to control your electricity bill, switch off the light, let’s learn to manage,” Tinubu said on Monday in a chat with reporters at his Bourdillon residence in the highbrow Ikoyi area of Lagos State. The All...
No Regret Removing Fuel Subsidy, Tinubu Says At First Media Chat
President Bola Tinubu has reiterated that he has no regrets about removing the fuel subsidy, emphasising that the decision was necessary to secure Nigeria’s financial future. Speaking on Monday during a live presidential media chat broadcast nationwide, Tinubu explained that the subsidy was draining the country’s resources and jeopardizing future investments. He said, “We are spending our future. We are spending...
IPMAN Announces Petrol Price Reduction To ₦935 Per Litre
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a significant reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol. Starting today, petrol will be sold at ₦935 per litre across outlets nationwide. This price adjustment follows a new agreement between IPMAN and the Dangote Petroleum Refinery, which sets a fixed ex-depot price of ₦899.50...
Tinubu’s 2025 Budget Full Of Unrealistic Expectations, Says SDP’s Adebayo
The presidential candidate of the Social Democratic Party (SDP) in the 2023 general elections, Prince Adewole Adebayo, has criticised the 2025 budget proposals presented by President Bola Ahmed Tinubu to the National Assembly, describing them as full of contradictions and unrealistic expectations. Adebayo accused the government of insincerity, highlighting the exchange rates fixed in the budget and inflation projections as...
NNPCL Reduces Petrol Ex-Depot Price, Sparks Optimism For Economic Relief
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, for oil marketers. The price has been lowered from ₦1,020 to ₦899 per litre, a move that has been welcomed as a positive step towards making fuel more affordable for Nigerians. According to the new pricing...
