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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

Buhari Seeks Better Deal From OPEC For Nigeria

President Muhammadu Buhari
President Muhammadu Buhari yesterday urged the Organisation of Petroleum Exporting Countries (OPEC) to consider the burden of Nigeria with a large number of poor people when sharing oil production cuts.Read More

15-month Border Closure: Manufacturers Fault FG, Committee Report Ready For Buhari

The Minister of Finance, Budget and National Planning, Zainab Ahmed
Prolonged border closure discourages long-term investments – MAN Export Group Preferential opening of borders shows government’s decision political, says don President to get presidential committee’s report on land border reopeningRead More

Hope PSBank Begins Operations, Promises Seamless Digital Banking

Hope PSBank
Hope PSBank, a subsidiary of Unified Payment Services Limited and Nigeria’s premier digital-first bank has commenced operations. The payment service bank has promised seamless digital banking in its bid toRead More

Shareholders: FG’s Plan To Hijack N200bn Unclaimed Dividends Illegal

Securities and Exchange Commission, Nigeria
Shareholders have said the plan by the Federal Government to take over the N200billion unclaimed dividends through the establishment of Unclaimed Dividend Trust Fund is unconstitutional and void to resistRead More

Analysts Back FG’s Forecast Of Quick Exit From Recession

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed
World Bank predicts drop in nation’s per capita income to 40-year-low Analysts yesterday described the Federal Government’s projection that the economy, which slipped into a recession in the third quarterRead More

FG To Ban Fish Importation In Two Years

Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono
The Federal Government has announced plans to end fish importation in the next two years as it asked fish importers to consider producing fish locally. The Minister of Agriculture andRead More

Fuel Price Hike: Labour Walks Out Of Talks With FG

Petrol pump
Leaders of the organised labour walked out on the Minister of Labour and Employment, Chris Ngige and other Federal Government’s representatives during a meeting held at the Presidential Villa, Abuja,Read More

Multiple Taxes, Extortion Crippling SMEs In Abuja

Utako Market
Small businesses can’t use signposts for fear of exploitation AMAC, AEPB, public health, others collect levies They’re sabotaging FG’s support for upcoming businesses – Experts Small and Medium Enterprises (SMEs)Read More

How Commercial Banks Are Aiding Fraud – Sen. Lawan

Senate President, Ahmad Lawan
Senate President, Ahmad Lawan, yesterday in Abuja urged the nation’s anti-corruption agencies to beam their searchlights on operations of commercial banks. Lawan, during his investiture and induction as Patron byRead More