Category: Development
Dangote Refinery Agrees to Sell Crude and Buy Fuel in Naira Amid Potential Losses
In a bold move aimed at supporting Nigeria’s economy, Aliko Dangote, Africa’s richest man and owner of the Dangote Refinery, has agreed to the federal government’s proposal to sell crude oil in naira and buy fuel in the local currency, despite the likelihood of incurring significant financial losses. The Vice President of Dangote Group, Edwin…
Katsina Governor Radda Presents Admission Letters to 68 Scholarship Recipients Headed for China
Governor Malam Dikko Umaru Radda of Katsina State has officially presented admission letters and international passports to 68 students selected for the state’s Special Foreign Scholarship Program. The students, who will depart for China tomorrow, are set to pursue advanced studies in Artificial Intelligence and Bio-economy under a fully sponsored scholarship program. The initiative, which…
Ogun to Release 100 CNG Buses, Sets Up Committee on Transport Fares – Abiodun
The Ogun State Government, under the leadership of Governor Prince Dapo Abiodun, has announced plans to roll out 100 brand new 18-seater Compressed Natural Gas (CNG) buses to support transporters in the state. This move is part of efforts to mitigate the impact of recent fuel price increases and ensure more affordable transportation for residents….
IPMAN: Fuel Pricing to Be Driven by Competition Between NNPC and Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has indicated that the price of petrol will determine whether its members purchase from the Nigerian National Petroleum Company (NNPC) or Dangote Refinery. According to Ukadike Chinedu, the National Publicity Secretary of IPMAN, marketers will seek the most cost-effective source as competition between local suppliers sets in….
NNPC Clarifies: Dangote Refinery Free to Offer Competitive Prices in Nigerian Market
The Nigerian National Petroleum Company Limited (NNPC Ltd) has responded to claims made by the Muslim Rights Concern (MURIC) that its actions may be undermining the operations of the Dangote Refinery Limited (DRL). In a statement released today by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., the company emphasized that the Nigerian market…
Nigeria Joins Global Directory to Boost Passport Ranking and Border Security
Montreal, Canada — Nigeria has officially enrolled in the International Civil Aviation Organization’s (ICAO) Public Key Directory (PKD) and Public Key Infrastructure (PKI), a major move designed to elevate the country’s global passport ranking, ease international travel, and strengthen internal security measures. This announcement was made by Nigeria’s Interior Minister, Olubunmi Tunji-Ojo, during the Country…
NNPC Clarifies PMS Price Fluctuations Amid Forex Challenges
Abuja, Nigeria – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that the recent fluctuations in the price of Premium Motor Spirit (PMS), commonly known as petrol, are primarily due to foreign exchange (forex) illiquidity, as well as the influence of free market forces, in line with provisions of the Petroleum Industry Act…
Dangote Refinery Denies NNPC Lifting of Petrol, Refutes Reports on Pricing
Lagos, Nigeria – The Dangote Group has officially refuted claims that the Nigerian National Petroleum Corporation (NNPC) has begun lifting refined petrol from its refinery, following a misleading headline published by BusinessDay on September 4, 2024. The article alleged that NNPC had started lifting petrol from the Dangote Petroleum Refinery and was selling it at…
President Tinubu Visits China Railway Construction Corporation, Reaffirms Commitment to Ibadan-Abuja-Kaduna-Kano Railway Segments
On Monday in Beijing, President Bola Ahmed Tinubu visited the China Railway Construction Corporation (CRCC), where he reaffirmed his administration’s commitment to the completion of the Ibadan-Abuja-Kaduna-Kano railway segments. The President recognized CRCC as a reliable partner in Nigeria’s infrastructure development and praised the company’s ongoing railway projects in the country. During the visit, President…
President Tinubu Visits Huawei’s Beijing Research Centre, Unveils DigiTruck Initiative for Nigeria
During a visit to the Beijing Research Centre of Huawei Technologies, President Bola Ahmed Tinubu was presented with Huawei’s latest innovation, the DigiTruck—a mobile ICT classroom designed to boost digital literacy in underprivileged communities across Nigeria. The unveiling marks a significant step in advancing digital education and bridging the technology gap in the country. In…