MaTaZ ArIsInGDallas, Texas Dare, without providing details, said that the bills were passed by the Green Chamber on Thursday after months of debate. The Nigerian House of Representatives has given approval to President Bola Ahmed Tinubu’s tax reform bills. This was announced on Thursday after months of controversy. Presidential spokesperson and Special Adviser on Media […] Read more
MaTaZ ArIsInGDallas, Texas The Nigerian National Petroleum Company Limited, NNPCL, has announced a reduction in the pump price of Premium Motor Spirit, PMS, commonly known as petrol, to N860 per litre. This development is the latest in a price war among oil marketers and independent petroleum dealers. It is also influenced by fluctuations in global […] Read more
MaTaZ ArIsInGDallas, Texas Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. According to the company, the decision was taken to provide essential relief to Nigerians in anticipation of […] Read more
MaTaZ ArIsInGDallas, Texas According to the oil cartel’s direct communication data, Nigeria recorded 1,539 million barrels per day in January from 1,485 million recorded in December 2024, an increase of 54,000 barrels. According to data from the Organisation of Petroleum Exporting Countries (OPEC), Nigeria’s crude oil production rose in January. According to the oil cartel’s direct communication […] Read more
LAGOS, Nigeria’s Dangote Oil refinery, Africa’s largest, could begin operating at full capacity in 30 days, the head of the refinery said on Monday. The 650,000-barrel-per-day refinery built by Nigerian billionaire Aliko Dangote in Lagos began processing crude into products, including diesel, naphtha and jet fuel, in January last year and started processing petrol in […] Read more
MaTaZ ArIsInGDallas, Texas Dangote said this strategic adjustment is a direct response to the positive outlook within the global energy and gas markets. Dangote Refinery has announced a reduction of its selling price of petrol to retailers: from N950 per litre to N890 per litre. The company’s Group Chief Branding and Communication Officer, Anthony Chiejina, disclosed […] Read more
How Nigerian Central Bank Seeks To Revive eNaira As Digital Currency Hits N18.32billion Transactions
MaTaZ ArIsInGDallas, Texas According to the CBN governor, Olayemi Cardoso, the review of the eNaira will identify and address key barriers to adoption, with a focus on fostering trust, usability, and widespread acceptance of the digital currency. The Central Bank of Nigeria (CBN) has rolled out fresh plans to conduct a “comprehensive review of the […] Read more
MaTaZ ArIsInGDallas, Texas The Central Bank of Nigeria (CBN) is set to launch a new Compliance Department by the end of February in a bold move to restore transparency and resilience within Nigeria’s financial system. This announcement, made by the CBN Governor, Olayemi Cardoso, signals a shift in the apex bank’s operations, aiming to address […] Read more
MaTaZ ArIsInGDallas, Texas Dangote Petroleum Refinery says the recent adjustment in its ex-depot price of petrol is directly related to the significant increase in global crude oil prices. The ex-depot price of petrol has been adjusted from N899.50 to N950 per litre, marking a 5% increase. However, Dangote Refinery emphasised that this increase is notably […] Read more
MaTaZ ArIsInGDallas, Texas Brazil has formally announced Nigeria’s admission as a partner country in the BRICS alliance. The Brazilian Foreign Ministry made this known in a statement on Friday. Brazil’s announcement makes Nigeria BRICS’ ninth partner country, joining Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Thailand, Uganda, and Uzbekistan. The statement reads, “The Brazilian government welcomes the […] Read more
