Chief Executive Officer of the National Agency for Science and Engineering Infrastructure, Khalil Halilu, has disclosed that the agency would offer a 50 per cent discount to drivers who want to convert their vehicles using the newly launched MY-CNG App. According to a statement by NASENI’s Director of Information, Olusegun Ayeoyenikan, Halilu spoke while presiding […]
The World Bank Group Finances has revealed that the Federal Government is still repaying $10.6bn in loans obtained under former Presidents Olusegun Obasanjo, late Umaru Musa Yaradua, and Goodluck Jonathan. Recall that in June 2024, the Debt Management Office said as of March 31, 2024, Nigeria’s domestic and external debts stood at N121.67tn ($91.46bn). The […]
Tinubu had directed NNPC to sell crude to the Dangote refinery and other upcoming refineries in naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, had made this known in a post via his official X handle. Onanuga said the Federal Executive Council adopted the move on Monday to ensure the […]
MACBAN, an advocacy group centred on promoting the welfare of pastoralists in Nigeria, said the country’s livestock sector is currently valued at over N33tn, adding that with the envisaged new investments, it is estimated to grow to over N75tn in a few years. The association’s President, Othman Ngelzarma, who disclosed this at a press briefing […]
NNPCL spokesperson, Olufemi Soneye disclosed this in a terse statement in reaction to Dangote Refinery’s announcement that NNPC’s stake is now 7.2 percent contrary to the 20 percent stake. According to Soneye, NNPCL had several months ago decided to cap its investment at the amount already paid adding that the decision not to invest any further […]
Accordingly, the industry regulator, the Nigeria Upstream Petroleum Regulatory Commission has directed oil refiners in the country to provide monthly price quote on crude supply. This came as the $20bn Dangote Petroleum Refinery is reportedly ramping up the importation of crude from the United States, Bloomberg reported on Thursday. In a statement issued in Abuja […]
Speaking to Newsmen in Lagos, the Area Controller in charge of the Command, Babatunde Olomu, said that the command also made seizures of eleven containers comprising prohibited items such as expired and unregistered pharmaceuticals, footwears, used clothing, armored cables, frozen poultry products with a Duty Paid Value of N424.1 million as against 42 seizures with […]
The project is designed to combat poverty and catalyse sustainable economic growth from the ground up. Vice President Kashim Shettima said the initiative symbolises the commitment of President Bola Tinubu’s administration to enhancing financial and economic inclusion across Nigeria. Senator Shettima spoke during the Kick-off meeting for the initiative to set up an Operating Model […]
Governor, Central Bank of Nigeria, Olayemi Cardoso has said that the apex bank will support measures to boost the nation’s external reserves including the proposed Eurobond issue by the Federal Government. Cardoso who stated this in an interview said they should have a diversity of sources. It shouldn’t just be the eurobond market or foreign portfolio […]
The Federal Government, under the administration of President Bola Tinubu, disbursed a total sum of N14.77bn for the repair and maintenance of the presidential air fleet in 11 months, Sunday PUNCH can confirm. The payments, made in 11 tranches between 16th July 2023 and 25th May 2024, were processed through the State House headquarters transit […]