Year: 2024
Port Harcourt Refinery Poised to Resume Operations Following Arrival of Crude Oil
The Port Harcourt refinery has reached a significant milestone in its journey towards resuming operations, as it has successfully received crude oil and stocked it within the facility. According to officials, all crude oil lines are currently active, marking a crucial step forward in the refinery’s readiness to commence production. In a statement released by…
Dangote Refinery Slashes Diesel Price to 1,000 Naira Per Litre
In a bid to alleviate the financial burden on consumers and contribute to economic stability, Dangote Petroleum Refinery has announced a further reduction in the price of diesel from 1,200 to 1,000 naira per litre. This latest price adjustment comes after the refinery previously rolled out diesel at a reduced price of 1,200 naira per…
EFCC Set to Prosecute Cubana Chief Priest for Naira Abuse
The Economic and Financial Crimes Commission (EFCC) is gearing up to prosecute Okechukwu Pascal, widely known as Cubana Chief Priest, for alleged abuse of the Nigerian currency, the naira. The charges stem from incidents where Cubana Chief Priest is accused of spraying money at social events, contravening the Central Bank Act 2007. The allegations against…
Forest Guard Allegedly Attacks Farmer in Ijebu East Local Government
In a distressing turn of events, a farmer identified as Mr. Abdulfatai Abiodun was reportedly attacked by forest guards in Ijebu East Local Government area of Ogun State early on Tuesday morning. The incident has raised concerns about the alleged harassment and extortion carried out by forest guards against farmers and individuals conducting business in…
AMCON Commences Bankruptcy Proceedings Against Milan Industries Chairman and Directors Over N42 Billion Debt
The Asset Management Corporation of Nigeria (AMCON) has initiated bankruptcy proceedings against Rajesh Valecha, the Chairman of Milan Industries Limited, and four other directors of the company, citing an alleged failure to repay a staggering N42 billion debt. Alongside Rajesh Valecha, the other directors mentioned in the ongoing petitions held before two judges of the…
Federal Government Allows Domestic Refineries to Purchase Crude Oil in Naira or Dollars
In a move aimed at addressing the needs of local crude oil refiners and fostering a more flexible operating environment, the Federal Government announced on Monday that domestic refineries now have the option to purchase crude oil in either naira or dollars. The announcement came during a presentation in Abuja by the Nigerian Upstream Petroleum…
Governor Radda Enhances Security in Katsina with Armored Personnel Carriers
In a bid to bolster security measures and combat insecurity in Katsina State, Governor Malam Dikko Umaru Radda officially handed over 10 armored personnel carriers to security operatives in eight frontline local governments of the state. The ceremonial presentation took place on Monday, April 15, 2024, at the Katsina State Government House, marking a significant…
Katsina State Government Shuts Down Petrol Stations Over Smuggling Suspicions
In a bid to curb illicit activities linked to petrol smuggling and banditry, the Katsina State Government has taken decisive action by closing down three petrol stations in Katsina town. On Monday, April 15, 2024, a special task force committee led by Honorable Jabiru Abdullahi Tsauri, the Chief of Staff of the Katsina State Government,…
Nigeria Startup Portal Launched to Empower Tech Entrepreneurs
In a significant boost to Nigeria’s burgeoning startup ecosystem, the Honourable Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has officially launched the Nigeria Startup Portal. This pioneering initiative, part of the Nigeria Startup Act (NSA 2022), aims to provide crucial support and resources to startups and tech talent across the country. The…
President Tinubu Declares April 7 as National Police Day, Promises Transformation of Nigeria Police Force
In a landmark move aimed at revamping Nigeria’s law enforcement system, President Bola Ahmed Tinubu has declared April 7 as National Police Day and pledged a comprehensive overhaul of the Nigeria Police Force (NPF). This declaration underscores the government’s commitment to modernizing and professionalizing the nation’s security apparatus. Speaking at the inaugural Nigeria Police Awards…