BUSINESS
Libya Denies Discussions With Dangote Refinery On Supply Of Crude Oil
Libya’s National Oil Corporation has denied that it was in talks to supply crude oil to any refinery in Nigeria, including the Dangote refinery. This is coming following claims by some top refinery officials that the refinery was in talks with Libya for crude supply. But in a statement shared on its X handle on Sunday, the Libyan oil corporation denied...
Nigeria’s Per Capita Budget One Of The Smallest Globally — Presidential Aide
The Special Adviser to the President on Economic Matters, office of the Vice President, Dr. Tope Fasua has said Nigeria's annual budget is one of the smallest across the globe. Dr. Fasua said with barely 15bn dollars for over 200 million population in the 2024 budget, the country's budget may be the smallest in the world. Speaking at the public presentation...
National Assembly Adjusts 2024 Budget From ₦28.7tn To ₦35.5tn
The Senate has approved the ₦6.2 trillion amendment to the 2024 Appropriation Act, raising this year’s national budget from ₦28.7 trillion to ₦35.055 trillion. The amendment for capital and recurrent are for key infrastructure projects omitted in the 2024 appropriation and for the newly passed ₦70,000 national minimum wage. Meanwhile, the House of Representatives has also passed the amended 2024 budget...
CBN Raises Interest Rate To 27.65%
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has increased the benchmark lending rate to 27.65 percent. The hike in the Monetary Policy Rate was disclosed by the Governor of the CBN, Olayemi Cardoso, at the end of the 296th MPC meeting in Abuja on Tuesday. The MPC had maintained a hawkish stance to tame inflation since it...
After Insisting That Petrol Import Will Continue, Operators Accuse FG Of Working Against Local Refineries
Some local refinery operators have lamented that the announcement made by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, stating that the Federal Government would continue to import fuel, shows that the government had taken sides against local refineries. The operators, under the aegis of the Crude Oil Refiners Association of Nigeria, expressed worry over the recent widely circulated interview...
Young Entrepreneur Ejechi Unveils Farm Project in Nasarawa, Lauds Awosika, Late Wigwe
A young entrepreneur and the CEO, Gentlereal Farms and Kitchen Ltd, Mr. Eugene Chinedu Ejechi has officially unveiled his farm project located in Masaka, Nasarawa State where he extolled the rich investment mentorship gained from the former Chairman of Access Bank, Dere Awosika, as well as the late Chairman of Access Holdings, Mr. Herbert Wigwe. At the commissioning of the...
Leadership Of House Of Representatives Visits Dangote Refinery
The leadership of the House of Representatives have visited the Dangote Petroleum Refinery in Lagos. Speaker of the House of Representatives, Hon. Tajudeen Abbas, led the lawmakers who arrived at the refinery located in the Lekki Free Trade Zone in Lagos around 11am on Saturday. Africa’s richest man and President of Dangote Group, Aliko Dangote, and top executives of the refineries...
Every Fund In Dormant Accounts Should Be Sent To Us, CBN Tells Banks
The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to transfer funds in all dormant accounts to the apex bank. A circular by CBN Ag. Director of Financial Policy and Regulations, Mr. John Onoja, last night indicated that accounts that have remained dormant for 10 years and above would be affected. It said, “The provisions of...
Tinubu Writes National Assembly, Wants 2024 Budget Increased By ₦6.2tn
President Bola Tinubu, on Wednesday, requested the Senate to amend the 2024 Appropriation Act and the 2023 Finance Act by increasing the budget with ₦6.2tn. Tinubu’s request was contained in a letter addressed to the President of the Senate, Godswill Akpabio, and read at plenary on Wednesday. The President in the letter, said the move was pursuant to Section 58, sub-section...
No Going Back On Commencement Of Crude Refining At Port Harcourt Refinery In Aug, NNPC Vows
The Nigerian National Petroleum Company Limited (NNPCL), has reaffirmed its preparedness to commence crude oil refining at the Port Harcourt refinery in early August. This was revealed by the NNPCL Group Chief Executive Officer, Mele Kyari, on Monday while addressing an emergency session at the National Assembly joint committee on finance. Kyari explained that the Port Harcourt refinery will kick off...
![‘Junior Pope Didn’t Pay Dues’ — AGN Gives Update On Late Actor’s Case With Adanma Luke [VIDEO]](https://abntv.com.ng/wp-content/uploads/2024/11/Junior-Pope-and-Emeka-Rollas-100x75.jpg "‘Junior Pope Didn’t Pay Dues’ — AGN Gives Update On Late Actor’s Case With Adanma Luke [VIDEO]")
