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UAE commits to $25bn Nigeria-Morocco gas pipeline project

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Dangote Refinery loses N32.5bn after petrol price cut
Oil and Gas

Dangote refinery to get valid operating licence – FG

The Federal Government has announced that it is ready to issue a fully valid operating licence to the Dangote Petroleum Refinery with a capacity of 650,000 barrels per day. This was disclosed during the Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations organised by the Nigerian Midstream and Downstream Petroleum Regulatory […]

News

IPMAN threatens closure of 30,000 petrol stations over N200bn debt

The Independent Petroleum Marketers Association of Nigeria has declared that it would shut down the 30,000 stations operated by IPMAN members across the country if the Federal Government fails to pay the N200bn it owes marketers. This disclosure was made in a communiqué issued in Abuja by the Chairman of IPMAN Depot Chairmen Forum, Yahaya […]

MultiChoice denies DStv, GOtv subscription prices claims
News

Multichoice ignores court order, continues with DSTV, Gotv subscription hike

Pay TV provider, Multichoice Nigeria has proceeded with its plans to increase prices for DStv and GOtv subscribers, despite a recent court ruling temporarily prohibiting such actions. The company announced on April 24th its intention to hike prices for its cable services, effective from May 1st. However, a competition and consumer protection tribunal in Abuja […]

Ex-Binance CEO sentenced to four months in jail
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Ex-Binance CEO sentenced to four months in jail

The founder of Binance, Changpeng Zhao, has been sentenced to four months in a U.S. prison. This verdict came after Zhao pleaded guilty to charges related to money laundering, marking one of the most high-profile cases in the crypto world since the incarceration of Sam Bankman-Fried. Acknowledging Zhao’s acknowledgment of his misdeeds, U.S. District Judge […]

TikTok removes more Universal Music songs as conflict worsens
Tech

US immigration agents interrogate TikTok employees

Alex omenye Over 30 TikTok employees attempting to enter the U.S. have encountered border stops and faced similar inquiries from Customs and Border Protection. Many of these employees, predominantly Chinese nationals, hold positions within ByteDance and TikTok across various roles, including data engineering and machine learning, Forbes reported. The CBP’s queries have centered on TikTok’s […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

FG approves salary increase for civil servants

The Federal Government has approved the increment of between 25% and 35% in salary for Civil Servants on the remaining six Consolidated Salary Structures. This was disclosed by the federal government in a post on the X handle of NTA on Tuesday. In the post, the Head of Press, National Salaries, Incomes and Wages Commission […]

News

FG to amend national tax policy

FG to amend national tax policy – Oyedelehe chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has revealed the Amendment plans for changes to national tax policies. This disclosure was made by Oyedele via a post on his official X account on Tuesday. Oyedele said the amendment was part […]

Crypto

Binance fugitive Anjarwalla’s extradition on course – Interpol

The Vice-President of the International Criminal Police Organisation for Africa, Garba Umar, has said that Interpol was immediately notified of Nadeem Anjarwalla’s escape and coordinated efforts were made to locate him in 196 countries. This disclosure was made by Umar on Channels TV on Tuesday. Umar outlined the process of extradition in detail, emphasising the […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

FG unlocks $10bn investment in oil, gas

President Bola Tinubu announced that he had signed an executive order to unlock up to $10 billion of new investments in Nigeria’s oil and gas sector. This was disclosed by the President in his speech, at the opening of a two-day retreat on economic transformation and development organised by the House of Representatives, on Tuesday, […]

News

Opay reassures customers of funds security

Opay, a leading fintech bank in Nigeria has urged their customers to remain calm reassuring them that their funds are safe and sound. This was disclosed by Opay via their official X handle on Tuesday. This follows the Central Bank of Nigeria’s directive of stopping at least four fintech banks from new account openings for […]

Electricity

Halt electricity tariff hike enforcement, Reps tell NERC

The House of Representatives has asked the Nigerian Electricity Regulatory Commission to refrain from introducing a new increment tariff in respect of Band A customers. This was disclosed during a plenary session on Tuesday by the lower chamber. According to them, the resolution followed the adoption of a motion of urgent public importance by Kama […]

Kaduna refinery to resume 60% production December – NNPCL
News

Kaduna refinery to resume 60% production December – NNPCL

The management of the Nigerian National Petroleum Company Limited has announced that the rehabilitation of the Kaduna Refining and Petrochemicals Company will be finalized by the close of 2024, following years of closure due to maintenance neglect. Mustafa Sugungun, the Managing Director of KRPC, made this revelation during a Monday oversight visit to the refinery […]

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