FEC Approves Sale of Crude Oil to Dangote Refinery and others in Naira
The Federal Executive Council has approved the sales of crude oil to local Refineries in Nigeria, Including Dangote Refinery to be denominated in Naira at a fixed exchange rate. Announcing this after the FEC meeting on Monday, the Special Adviser on Revenue to the President and FIRS Chairman, Zack Adedeji explained that the strategic intervention is […]
D’Tigress Make First Olympic History with Win Against Australia
Nigeria’s female basketball team, D’Tigress, in their first match at the ongoing 2024 Summer Olympics in Paris, achieved a historic victory by defeating the Opals of Australia in a stunning 75-62 at the Pierre Mauroy Stadium today in the Women’s Olympic Basketball event. This win marks their first Olympic game victory in 20 years since […]
Shettima Urges Nigerians To Shun Planned Nationwide Protests
Vice President Kashim Shettima has implored Nigerians to shun the planned nationwide protests scheduled to begin on August 1, 2024, saying it is time for unity and focused development in the country. According to him, protest has never been a solution for nations to solve their challenges, but rather an avenue for destruction of human […]
Senate begins investigation into Importation of adulterated petrol
The Senate has commenced moves to unravel the circumstances behind the importation of adulterated petroleum products into Nigeria. A 15-man ad-hoc committee led by its Chairman, Opeyemi Bamidele, was constituted by the senate leadership to carry out the investigation, and they have promised to invite relevant stakeholders to answer questions regarding the shortcomings in the […]
President Tinubu blasts sponsors of planned protest
President Bola Tinubu has allayed fears of manipulation by any interest group, in the ongoing economic reforms, saying his campaign was self-sponsored, without strings, or indebtedness to any individual or institution. The President, who stated this yesterday when he received a delegation of Islamic leaders at the State House led by Sheikh Bala Lau, noted […]
Presidential Special Envoy visits China for Renewable energy talks
Nigeria’s efforts to localize value chain manufacturing in renewable energy technology took a significant step forward with a recent visit to Beijing; As the Chairman of Sinoma International Engineering Company, Mr. Yin Zhisong, has expressed strong interest in establishing a renewable energy technology manufacturing industry in Evergreen City. This followed the hosting of the Special […]
NAPTIP Unveils New Strategies to Combat Human Trafficking
The Director General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Prof. Fatima Waziri-Azi, has said that the agency will implement new strategies, enhance cooperation, and foster greater collaboration to address the evolving trends in human trafficking across the country. Speaking at NAPTIP’s headquarters while unveiling the activities for the 2024 […]
National Assembly passes new national minimum wage bill
The National Assembly has approved N70,000 as the national minimum wage for workers in Nigeria. The national minimum wage bill sent by the Executive, read by Senate Leader, Senator Opeyemi Bamidele at plenary scaled first, second and third readings, and thereby passed by the upper chamber. The legislation seeks to raise the country’s minimum wage from […]
CBN Raises Monetary Policy Rate From 26.25% To 26.75%
The Central Bank of Nigeria (CBN) has again raised the Monetary Policy Rate by 50 basis points, from 26.25% to 26.75%. Announcing this after the apex bank’s 296th Monetary Policy Committee meeting in Abuja, CBN Governor, Olayemi Cardoso, said the committee also pegged the Cash Reserve Ratio for Deposit Money Banks at 45% while that […]
President Tinubu calls for suspension of August 1 planned protests
President Bola Tinubu has appealed to Nigerians to shelve the August 1 planned nationwide protests against bad governance in the country. Tinubu, who spoke through the Information Minister, Mohammed Idris, after a meeting yesterday, said he is gravely concerned about the economic challenges and working assiduously to ameliorate the sufferings of Nigerians. Our correspondent, Raliat […]
