Three major oil marketers are preparing to bring in about 141 million litres of Premium Motor Spirit (PMS), commonly known as petrol, into Nigeria this week. This comes as the Federal Government’s decision to fully deregulate the downstream oil sector continues to reshape the country’s petroleum landscape. According to industry sources, the three marketers are…
Trump Unveils World Liberty Financial, Aiming to Revolutionize Cryptocurrency with Decentralized Finance In a bold move that underscores his shift in views, former U.S. President Donald Trump, alongside his sons and several top entrepreneurs, has launched a new cryptocurrency platform called World Liberty Financial. The Trump cryptocurrency platform aims to transform the financial landscape by…
In a major blow to Scotland’s industrial sector, the Grangemouth oil refinery, the nation’s only facility of its kind, is slated to close in 2025. The operator, Petroineos, announced that the 100-year-old plant will cease operations, affecting 400 jobs. The decision is driven by the company’s struggle to keep the refinery competitive against newer, more…
Tinubu Explains the Importance of Digital Identity in His Eight-Point Agenda President Bola Ahmed Tinubu has explained the strategic connection between his administration’s Eight-Point Agenda and Digital Identity Initiatives. According to him, integrating digital identity into governance is essential to streamline service delivery, cut through bureaucratic bottlenecks, and ensure Nigerians benefit directly from government programmes….
Telcos Begin Blocking Phone Lines Without NIN as Deadline Expires Telecommunications companies in Nigeria have initiated the disconnection of phone lines that have not complied with the NIN-SIM linkage phone line disconnection policy. The Nigerian Communications Commission (NCC) had set a September 14 deadline for linking National Identification Numbers (NIN) to SIM cards, and as…
A devastating fire broke out on Sunday at the Oko Baba plank market in Ebute Metta, Lagos, destroying large sections of the market, including nearby shanties. Emergency responders, including officials from the Lagos State Fire and Rescue Services and the Lagos State Emergency Management Agency (LASEMA), are currently battling the flames and conducting a search…
Abia State is positioning itself as a key player in Nigeria’s energy sector, with aspirations to become the nation’s electricity hub, according to Professor Bart Nnaji, the former Minister of Power. Now serving as the chairman of Geometric Power, Nnaji shared this vision during a recent visit by a delegation of international electricity consultants to…
In a significant development, trucks began loading petrol at the Dangote Refinery in Ibeju-Lekki, Lagos, marking the first major fuel distribution from the highly anticipated facility. The process, which took place on Sunday, saw trucks belonging to the Nigerian National Petroleum Corporation Limited (NNPCL) arriving at the refinery for Premium Motor Spirit (PMS) loading. This…
SERAP sues President Tinubu, demanding a reversal of the petrol price hike and an investigation into NNPCL’s alleged corruption President Bola Tinubu has been sued over his administration’s failure to reverse the recent petrol price hike. The lawsuit, filed by the Socio-Economic Rights and Accountability Project (SERAP), challenges the legality of the hike and demands…
Petroleum marketers push for a liberalized market with direct access to the Dangote refinery, as NNPC remains the sole off-taker of products Marketers Call for Direct Access to Dangote Refinery as NNPC Locks in Deal at N766/Litre Petroleum marketers are advocating for direct access to the Dangote Refinery, challenging the Nigerian National Petroleum Corporation’s (NNPC)…
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