We have 500m liters, marketers not buying our products – Dangote
Aliko Dangote, President of Dangote Group, on Tuesday, said his refinery has the capacity to provide enough petrol to satisfy local consumption, noting that about 500 million liters have not been taken up by retailers. Dangote, who stated this while…
Living in Nigeria becoming harder – Timaya laments
Singer Inetimi Alfred Odom, popularly known as Timaya, has lamented about the current hardships in the globe. He noted that while economic hardship is a global phenomenon, it’s more severe in Nigeria than anywhere else. Timaya spoke in a recent…
Portugal to Introduce Commemorative Currency Honoring Cristiano Ronaldo
Portugal is set to launch a new “7” Euro coin to honor Cristiano Ronaldo, recognised as the nation’s greatest sportsman. Throughout his career, the CR7 enjoyed a remarkable career, achieving success for club and country. The 39-year-old has smashed 130…
FG inaugurates committee on new minimum wage
The Federal Government has inaugurated the Committee on Consequential Adjustments in Salaries for civil servants on Friday. This is coming through the office of the Head of the Civil Service of the Federation, Mrs. Didi Esther Walson-Jack. The inauguration of…
Marketers, refiners demand total subsidy removal
Petroleum marketers, refiners, and depot owners in Nigeria have called for the full deregulation of the downstream oil sector, seeking to end government price controls due to subsidies. The Major Energies Marketers Association of Nigeria, in collaboration with the Depot…
WTO says trade alone won’t bridge gap between economies
The World Trade Organization said Monday that open trade alone was not enough to reduce inequalities between wealthy and developing nations and more was needed to help poorer countries. The WTO’s 2024 report on global trade looked at the role…
More Chinese companies to invest in Nigeria – FG
The Federal Government has revealed that China is set to encourage more of its companies to invest in Nigeria, a move aimed at revitalising the Nigerian economy. This comes on the heels of President Bola Tinubu’s recent visit to China…
Nigeria’s economy has stagnated – Bill Gates
He said that even though the revenue-to-GDP ratio has grown, it’s still lower than what it was 15 years ago. The result, according to him, is that Nigeria spends less per-capita on its people than other African countries with a…
Petrol price hike: NACCIMA, LCCI, NECA worry over jobs, economy
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Lagos Chamber of Commerce and Industry, LCCI, and Nigerian Employers Consultative Association, NECA, among others, yesterday expressed concern over the impact of the latest petrol price increase on…
Dangote refinery begins petrol processing – Official
The 650,000 barrels per day Dangote Refinery has begun the processing of petrol, an official has said. The Nigerian National Petroleum Company Limited (NNPC Ltd) would buy its products exclusively, Reuters reported Monday, quoting an official of the company. We…