The ruble strengthened against the dollar and the euro as foreign currency trading started on Moscow Exchange on Monday compared with previous closing. As of 10:20 am Moscow time, the dollar exchange rate was down by 1.29% at 63.71 rubles, while the ......
Abia State Governor, Dr Okezie Ikpeazu, has directed the closure of all scrap and waste markets in both Abia Central and Abia North senatorial zones of the state with immediate effect, till further notice. He had earlier instructed that similar marke......
The Federal Government says it has completed repair of the damaged track on the Abuja-Kaduna rail line. Engr. Fidet Okhiria, Managing Director of the Nigerian Railway Corporation (NRC), disclosed this in a statement on Thursday. In the statement, whi......
Twitter said Monday it has agreed to sell itself to Elon Musk, who will take the company private in a deal valued at around $44 billion. The deal caps off a whirlwind news cycle in which the Tesla and SpaceX CEO became one of Twitter's largest shareh......
Chairman of the Dangote Group, Alhaji Aliko Dangote, has assured that the Dangote Refinery will be ready for commissioning before the end of President Muhammadu Buhari administration in 2023. He gave the assurance Friday while fielding questions from......
Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed has said the Federal Government will enforce the recovery of N5.2 trillion debt owed by over 5,000 debtors through various Ministr......
The Federal Government says it has concluded plans to give interest-free loans to 98,000 beneficiaries of its Government Enterprise and Empowerment Programme 2.0 nationwide. The Minister of Humanitari......
President Muhammadu Buhari on Tuesday said Dangote Group is the second-largest employer of labour in Nigeria, after the federal government. He said this in Lagos, when he commissioned the 3 million metric tonnes capacity Dangote Fertiliser plant built at a cost of $2.5 billion. The plant w...
The Minister of Power Engr. Abubakar D. Aliyu is holding an emergency meeting with all the stakeholders in the power sector to address the current low power generation which has caused epileptic power supply across the country. The minister warns that stakeholders must work together to make electric...
The Chairman, BUA Group of Companies, Alhaji Abdulsamad Isyaku Rabiu, has promised Nigerians that the company will not increase the price of its products now or during the upcoming Ramadan period. BUA’s representative in the northern region, Alhaji Muhammadu Adakawa, disclosed this during a...
The price of bread, one of the most commonly eaten staples in most Nigerian homes is set to rise if the current Russian-Ukrainian war persists. Russia is the world’s largest exporter of wheat, accounting for more than 18 per cent of international exports. The downside to the war is that ...
The Federal Government, on Thursday, said that there was an exit programme for about300,000 N-Power beneficiaries to get loans from the Central Bank of Nigeria, CBN. The Minister of Human Affairs, Disaster Management and Social Development, Hajia Sadiya Umar Farouk, made the revelation during...
The Nigerian National Petroleum Company Limited, on Wednesday, disclosed how five cargoes containing ethanol-laden Premium Motor Spirit (petrol) were rejected after discovering that the first was substandard. The Group Managing Director of the NNPC, Melee Kyari, also disclosed that the compan...
Nigerian National Petroleum Company Limited has said it regrets the hardships it caused Nigerians by the importation of off-spec Premium Motor Spirit, known as petrol. The Group Managing Director of t......
Group Managing Director, GMD of the Nigerian National Petroleum Corporation NNPC, Mr. Mele Kyari has said that distribution of Premium Motor Spirit, PMS, otherwise called petrol will normalize in the weeks ahead. The GMD also said that before the end of the month, about 2.1 billion liters of ...
President Muhammadu Buhari has earmarked N2.55trillion for fuel subsidy in the 2022 Supplementary Appropriation Bill transmitted to the National Assembly for consideration and approval. The Federal Government had informed the subsidy regime will end in June 2022. Fuel queues appeared since...
Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for Premium Motor Spirit, popularly called petrol, with the commodity selling for as high as N400......
