The Senate’s Communications Committee has given the nod to the Nigerian Communications Commission (NCC) budget of N549.6 billion for the upcoming year. During a joint session chaired by Senator Ikra Bilbis from Zamfara Central, the committee members unanimously approved the NCC’s 2024 budget proposal through voice votes, following a motion […]
Economy
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), a key Federal Government agency, has announced the adjustment of domestic base price and wholesale prices of natural gas for 2024. The new rates, unveiled by NMDPRA Chief Executive Farouk Ahmed, see an increase to $2.42 per metric million British thermal […]
Renowned sociopolitical analyst Reno Omokri has criticized the administration of former President Muhammadu Buhari, labeling it as the worst in Nigeria’s history. Omokri suggested that President Bola Tinubu should consider probing Buhari, rather than solely focusing on the former governor of the Central Bank of Nigeria, Godwin Emefiele. Omokri, known […]
President Bola Tinubu announced on Wednesday the swift reopening of Nigeria’s land and air borders with its neighboring Niger Republic. His Special Adviser on Media and Publicity, Ajuri Ngelale, conveyed the directive, which also included the immediate lifting of additional sanctions against the country. The statement, seemingly crafted to preserve […]
President Bola Tinubu is set to inaugurate the newly renamed Bola Ahmed Tinubu International Airport, Minna, along with an agro-processing zone and agricultural equipment on Monday. The renaming of the airport was announced by Governor Umar Bago of Niger State on Friday, marking a significant milestone in the region. Originally […]
Nigeria is on the brink of yet another fuel scarcity crisis as the Nigerian Association of Road Transport Owners (NARTO) has declared its intention to halt the transportation of petroleum products from Monday. The decision, announced by Yusuf Othman, the President of NARTO, emanates from the escalating operational costs experienced […]
In a statement released on Sunday, the Presidency dismissed former Vice-President Atiku Abubakar’s attempt to criticize the government’s foreign exchange policy, asserting that it had failed to gain traction. The Presidency highlighted that the Central Bank of Nigeria (CBN) is actively implementing measures to stabilize the Naira. Atiku Abubakar recently […]
To stem the tide of illegal oil theft and economic sabotage plaguing Nigeria, the Nigeria Police Force (NPF) has ramped up collaboration with private security contractors (PSCs) engaged by the Nigeria National Petroleum Company Limited (NNPCL), notably Tantita Security Services. This collaborative approach, which also involves the military and other […]
FBNQuest, the investment banking and asset management arm of FBN Holdings Plc, has released its latest Economic Outlook Report forecasting Nigeria’s Gross Domestic Product (GDP) to grow by 3.1% in 2024. The report, which offers insights into the macro economy, socio-political landscape and capital market trends, provides a comprehensive analysis […]
The Dangote Refinery, which is the Africa’s largest petroleum refinery, has taken a bold step towards profitability by announcing plans to export its first two fuel cargoes. The news came after much anticipation from Nigerians who have been eagerly waiting for the refinery’s contribution to the Nigeria’s economy since its […]