Dangote Refinery challenges the issuance of petroleum import licenses to NNPCL and other entities, seeking annulment in court Dangote Refinery has initiated legal proceedings, seeking the annulment of petroleum import licenses issued to the Nigerian National Petroleum Company Limited (NNPCL) and other companies involved in the oil and gas sector. The refinery, owned by Africa’s…
Air Peace faced Heathrow Airport slot denial due to late submissions, prompting the UK to outline alternative options In response to the Nigerian government’s inquiry, the United Kingdom recently explained why Air Peace faced Heathrow slot denial for both the Summer 2024 and Winter 2024/2025 seasons. According to UK authorities, including Secretary of State for…
The Transmission Company of Nigeria confirms the continuous supply of 24-hour electricity to neighboring countries despite local challenges Nigeria consistently supplies 24-hour electricity to neighboring countries, including Niger, Togo, and Benin, according to the Transmission Company of Nigeria (TCN). Despite ongoing challenges within Nigeria’s power sector, TCN Chief Executive Officer, Sule Abdulaziz, revealed that these…
Nigeria’s currency faces severe depreciation, ranking as one of the worst-performing globally in 2024, with experts pointing to fiscal imbalances and low foreign reserves The Naira’s depreciation continues to raise concerns as it dropped further to N1,710 per dollar in the parallel market, making it one of the worst-performing currencies globally in 2024. This trend…
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has called on Nigerians to pay taxes for government revenue, emphasizing that the government needs financial resources to provide essential services. Speaking at the Abuja Business and Investment Summit on Wednesday, Wike highlighted the importance of tax payments in sustaining public services. During the summit, themed Optimising…
In the second quarter of 2024, TikTok deleted more than 2.1 million videos in Nigeria due to violations of its community guidelines, according to a recent report. The popular social media platform, which has been committed to enhancing user safety, revealed that its efforts to moderate harmful content in Nigeria have become increasingly proactive. The…
Tinubu’s tenure as petroleum minister has seen an astronomical rise in fuel prices, severely impacting Nigerian citizens already facing economic hardship When President Bola Tinubu took office in May 2023, many Nigerians had high hopes for better governance, but PMS prices under Tinubu have continued to soar, contrary to his campaign promises. His administration has…
Widespread blackout reported after another national grid collapse, with power disruptions across several states Nigeria has once again been plunged into darkness following a collapse of the national grid on Monday, October 14, 2024. This latest grid failure has resulted in widespread power outages across the country, disrupting daily activities and adding to the existing…
Following the Department of State Services’ intervention, the Nigerian National Petroleum Company Limited will now sell petrol to the Independent Petroleum Marketers Association of Nigeria at N995 per litre The Nigerian National Petroleum Company Limited (NNPCL) has officially agreed to supply Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) at…
Platforms like TikTok, YouTube, and Instagram are empowering content creators to unlock financial freedom and career growth through creative expression Social Media Platforms for Financial Freedom: New Pathways for Wealth Building As financial freedom strategies evolve in the digital age, platforms like TikTok, YouTube, and Instagram have emerged as powerful tools for content creators to…
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