CBN to commence FX Dutch auction system wednesday following rise in dollar demand
The Central Bank of Nigeria (CBN) says it will commence a Retail Dutch Auction System to address foreign exchange fluctuations in the country’s forex market. The apex bank disclosed this…
Tinubu commends increased crude production to 1.61 mbpd
| Says output surge buoyed by reforms he announced in May 2024 to address gaps in PIA President Bola Tinubu on Sunday declared a resurgence in the oil & gas…
New twist in Dangote diesel quality debacle
| As Abuja based online newspaper provides shocking details Following a comprehensive analysis of data sourced from certified laboratory results and delivery records, Abuja based Newspaper, Politics Nigeria, reports that…
Pan African Towers appoints Jyoti Desai, Vivek Gupta non-executive directors
Lagos, Nigeria; August 1, 2024: Pan African Towers (PAT) Ltd, Nigeria’s leading provider of digital infrastructure has announced the appointment of Jyoti Desai and Vivek Gupta as Non-Executive Directors, with…
Aftermath of vandalism, MTN shuts offices nationwide
Telecommunication giant, MTN, has closed all its offices nationwide over vandalism at one of its branches in FESTAC town, Lagos State. The mob action occurred after suspected customers destroyed a…
Tinubu directs NNPC to sell crude oil to Dangote Refinery in naira
President Tinubu has extended anoffer of support to the Dangote Refinery by proposing that NNPC sells crude to the refinery in Naira, providing a valuable lifeline. In order to maintain…
9mobile reconstitutes board, Etuh named chairman | Danjuma, Edun, Ikpoki others become directors
| As LH Telecoms Takes Majority Stake Following the approvals of the Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) as required by law, Emerging…
Why there’s petrol scarcity in Lagos, Abuja, others- NNPC
The Nigerian National Petroleum Company Limited (NNPC) has blamed the current fuel scarcity on challenges in the supply and distribution chain. Olufemi Soneye, NNPC’s chief corporate communications officer, said in…
Fuel Subsidy Hits N700billion Monthly Under Tinubu Amid Crisis In Nigerian Oil Sector
As crisis continues to rock Nigeria’s oil sector, it has been revealed that fuel subsidy currently gulps over N700billion monthly under the Bola Tinubu-led Nigerian government. The Secretary of the…
Our diesel not inferior to imported ones, Dangote replies critics
| Dismisses monopoly concerns The President of Dangote Industries, Alhaji Aliko Dangote, yesterday, dismissed the claim by critics that the quality of diesel produced by Dangote Refinery in terms of…
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