CBN raises alarm over rising cost of naira printing, warns against abuse
The Central Bank of Nigeria (CBN) has warned that persistent abuse and poor handling of the naira are inflating the cost of printing and replacing banknotes, with expenses on currency issuance hitting ₦315.18 billion in 2024. The figure represents a 306 per cent increase compared to ₦77.67 billion spent in 2023, according to data from […]
Dangote says refinery ended 50-year fuel queue crisis, saves Nigeria $1bn annually
Aliko Dangote, President and Chief Executive of Dangote Petroleum Refinery, has declared that Nigeria’s five-decade struggle with fuel queues has ended one year after his $20 billion refinery began producing petrol. Speaking in Lagos at a conference to mark the first anniversary of the refinery’s operations, Dangote said Nigerians had endured petrol shortages since 1975 […]
Dangote Refinery rolls out CNG trucks, slashes petrol prices nationwide
The Dangote Petroleum Refinery and Petrochemicals has launched over 1,000 Compressed Natural Gas (CNG)-powered trucks for direct fuel distribution across Nigeria, marking the first phase of a nationwide programme aimed at reducing fuel logistics costs and lowering pump prices. The launch coincides with the refinery’s one-year anniversary of petrol production and is part of a […]
Resident doctors suspend warning strike, give FG two-week ultimatum
The Nigerian Association of Resident Doctors (NARD) has suspended its five-day nationwide warning strike, giving the Federal Government an additional two weeks to address its outstanding demands. The decision followed a virtual Extraordinary National Executive Council (E-NEC) meeting held on Saturday, where the association resolved that members should return to work from Sunday. In a […]
5% fuel surcharge introduced in 2007, but never implemented because of subsidy —Presidency
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified that the controversial five per cent fuel surcharge was not introduced by the administration of President Bola Tinubu, but has existed in law since 2007. Speaking on Channels Television’s The Morning Brief on Tuesday, Oyedele said that the provision, […]
PENGASSAN backs NUPENG, threatens to paralyse operations at Dangote refinery
The crisis over workers’ unionisation at the Dangote Refinery escalated on Monday as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) declared full solidarity with the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and threatened to shut down operations at the multi-billion-dollar facility. NUPENG had last week announced plans to […]
WHO swings into action, Nigeria steps up border surveillance as DR Congo declares fresh Ebola outbreak
Health authorities in the Democratic Republic of Congo have declared a fresh outbreak of the Ebola virus disease in Kasai Province, where at least 28 suspected cases and 16 deaths, including four health workers, have been recorded. The country’s Ministry of Health confirmed that samples tested at the National Institute of Biomedical Research in Kinshasa […]
President Tinubu departs Abuja for 10-day working vacation in Europe
President Bola Ahmed Tinubu on Thursday departed Abuja for a 10-day working vacation in Europe, the presidency announced. According to a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, the trip forms part of the president’s 2025 annual leave. Tinubu is expected to spend the vacation between France and the United […]
Tinubu lists achievements, says, “No region left behind, my oath binds me to serve Nigerians regardless of religion, politics”
President Bola Ahmed Tinubu has restated his commitment to equitable governance, dismissing accusations of regional bias and reiterating that his administration’s projects are spread across all parts of the country. In a statement posted on his verified X (formerly Twitter) handle, @OfficialABAT, on Monday, Tinubu declared that the oath he took upon assuming office binds […]
Self-acclaimed Biafran Prime Minister, Simon Ekpa, bags six-year prison term in Finland
Simon Ekpa, a disciple of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), and a self-acclaimed Prime Minister of the Biafra Government in Exile (BGIE), has been sentenced to six years in prison for terrorism-related crimes, including promoting violence through social media believed to have contributed to the unrest in southeastern Nigeria. […]