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Dangote: We Have Enough Petrol In Stock To Meet In-country Supply

President of Dangote Group, Alhaji Aliko Dangote
Over the weekend, Aliko Dangote, the president of Dangote Industries Limited (DIL), disclosed that his firm, the Dangote Petroleum Refinery, had more than N600 billion worth of Premium Motor Spirit (PMS), often known as gasoline, in storage to efficiently and adequately service Nigeria’s domestic demands. The wealthiest person in Africa disputes the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) assertion from last week that just 50% of the oil can be obtained locally from nearby refineries. Although Dangote has consistently claimed that this is incorrect, the Authority insisted that it has continued to provide import licenses to oil marketersRead More

FG Approves 5G Network For Nigeria

Minister of Communications and Digital Economy, Dr. Isa Pantami
Says ITU, WHO have certified it medically safe Reveals its radiation lower than 4G’s Telcos say they’re ready to rollout The Federal Executive Council (FEC) has approved the Fifth GenerationRead More

Nigeria Struggles To Meet OPEC’s Crude Oil Quota

Crude oil
Records 2.8m barrels supply shortfall in August Despite requesting for a higher baseline in August, Nigeria failed to meet the existing crude oil supply quota allocated to it by theRead More

NCC Directs Telcos To Shut down Operations In Zamfara

Nigerian Communications Commission (NCC)
The Nigerian Communications Commission (NCC), the telecoms industry regulator has ordered all telecoms operators (MTN, Airtel, Globacom, 9mobile and ntel), including Fixed Wireless and Wired Network operators, to shut downRead More

Foreign Trade Rises To N12.03trn In Q2

Foreign Trade
Export component = N5.08trn Import component = N6.95trn Trade deficit = N1.87trn Nigeria’s total external merchandise trade increased by 23.28 per cent to N12.03 trillion in the second quarter ofRead More

NAICOM Ends Manual Operations, Migrates To Online Platform To Boost Service Delivery

National Insurance Commission (NAICOM)
The National Insurance Commission (NAICOM) Wednesday announced that it has migrated its operational activities online effective from today. It explained that the move was aimed at enhancing efficient and effectiveRead More

Digital Currency Gains Traction As CBN Appoints Technical Partner

Central Bank of Nigeria vs Cryptocurrency
IMF urges caution on adoption of cryptocurrency as national currency The Central Bank of Nigeria (CBN) yesterday announced the formal engagement of global fintech company, Bitt Inc., as technical partnerRead More

Confusion Over Alleged Hike In Electricity Tariffs

Nigerian Electricity Regulatory Commission (NERC)
NERC denies suspending eligible customer scheme The Nigerian power sector was thrown into confusion yesterday over conflicting information regarding a resolution by the Nigerian Electricity Regulatory Commission (NERC), directing theRead More

NNPC Fixes Base Oil Price For 2022 At $57, $61 for 2023

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) yesterday projected a medium term base crude oil price scenario of $57 to a barrel for 2022; $61 for 2023 and $62 for 2024.Read More

Ortom: Buhari Making Grazing Routes, Reserves Condition For Peace

Benue State Governor, Samuel Ortom
Alleges underground plot to make way for herdsmen Says president’s bad governance anchored in nepotism Insists Benue will reject grazing routes The Benue State Governor, Samuel Ortom, has said theRead More

Falana Asks FG To Release N6bn To States For Ranching

Mr. Femi Falana (SAN)
Human rights lawyer, Femi Falana (SAN), has called on President Muhammadu Buhari to approve the allocation of N6 billion to all state governments in the country for ranching development purposes,Read More