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Dangote Refinery Begins Petrol Production, Promises World-Class Quality

After more than a year since its launch in May 2023, the Dangote Refinery on Tuesday produced its first batch of Premium Motor Spirit (PMS), commonly known as petrol, from its 650,000-barrel-per-day facility. At a press conference, Aliko Dangote, the billionaire businessman and owner of the Lagos-based refinery, described the occasion as a “day of […]

Victor Osimhen Agrees to Season-Long Loan Move to Galatasaray

Nigerian Super Eagles striker and Napoli’s all-time top scorer, Victor Osimhen, has been spotted looking cheerful in a viral video following a frustrating summer transfer saga. Earlier in the summer transfer window, Osimhen was targeted by top European clubs, including PSG, Manchester United, and Chelsea. However, negotiations fell through as these clubs were unwilling to […]

Police Launch Global Manhunt for Briton and Nigerian in Alleged Coup Plot

On Monday, the Nigerian Police revealed the identity of a British citizen, Andrew Wynne, who is allegedly plotting to overthrow Nigeria’s democratically elected president, Bola Tinubu. According to the police, documentary evidence and confessions have shown that Wynne issued directives, monitored progress, and provided finance and operational guidance to achieve an unconstitutional regime change in […]

NCAA Explains FAA’s Category One Delisting

The Nigerian Civil Aviation Authority (NCAA) has clarified the reasons behind the United States Federal Aviation Administration’s (FAA) decision to remove Nigeria from its Category One status. In a statement released by the Acting Director-General, Chris Najomo, it was explained that the delisting occurred because no Nigerian airline currently offers flight services to the United […]

Zenith Bank’s Profit Soars by 108% in H1 2024, Gross Earnings Surpass N2 Trillion

Zenith Bank Plc has reported its audited financial results for the half-year ending 30 June 2024, showing a remarkable 117% growth in gross earnings, which jumped from N967.3 billion in H1 2023 to N2.1 trillion in H1 2024. This impressive performance comes despite the challenging macroeconomic conditions facing Nigeria’s banking sector. According to the bank’s […]

Adelabu Announces $800m Boost for Power Grid Expansion and Infrastructure

The federal government has announced plans to release $800 million under the Presidential Power Initiative (PPI) to significantly enhance Nigeria’s power infrastructure. The Minister of Power, Chief Adebayo Adelabu, stated that the funds would be allocated to constructing electricity substations and distribution lines as part of the PPI, also known as the Siemens project. Adelabu […]

CBN: Households to Spend Over Half Their Income on Food Due to Inflation Surge

Nigerian households are expected to spend the majority of their income on food in the coming months due to rising inflation, according to a recent survey conducted by the Central Bank of Nigeria (CBN). The latest data from the National Bureau of Statistics (NBS) places the inflation rate at 33.40 per cent, with food inflation […]

#EndBadGovernance Organisers Face Trial for Alleged Treason

The Federal Government is set to arraign several leaders and organisers of the #EndBadGovernance protests, which took place from August 1 to 10, 2024, in multiple Nigerian cities. The protesters face charges of treason, inciting mutiny, and attempting to destabilise the nation. Among the ten individuals due to appear before Justice Emeka Nwite of the […]

Debt Crisis at NNPCL Blamed for Escalating Fuel Queues Across Nigeria

The Nigerian National Petroleum Company Limited (NNPCL) has acknowledged its “significant debt to petrol suppliers,” admitting that this financial burden threatens the sustainability of fuel supply across the country. Reports have indicated that the NNPCL owes petrol suppliers $6 billion, exacerbating the persistent fuel scarcity that has plagued Nigeria since early 2024. The company had […]

FG, ASUU Set to Reconvene for Crucial Talks on September 6 Amid Strike Threats

Representatives of the Federal Government and the Academic Staff Union of Universities (ASUU) met on Wednesday to discuss ways to prevent a looming strike by university lecturers. The meeting, aimed at addressing the key issues raised by ASUU, will reconvene on 6th September. The Minister of Education, Tahir Mamman, who disclosed this in Abuja, stated […]

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