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Dangote Refinery: Adesina Warns Against Undermining Local Industries

The President of the African Development Bank (AfDB), Akinwumi Adesina, has refuted claims of a “monopoly” against Aliko Dangote, the chairman of the Dangote Group. In recent weeks, Dangote has faced opposition from Nigerian authorities over the Dangote Refinery project and has been accused of producing substandard products. Amid this conflict, Dangote announced that the […]

CBN Hikes Interest Rate to 26.75% to Combat Record Inflation

The Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rates, by 50 basis points, from 26.25% to 26.75%, amid soaring inflation and skyrocketing food prices. CBN Governor, Olayemi Cardoso, announced this after the apex bank’s 296th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. The MPC also […]

UPDATED: N70,000 Minimum Wage Clears Legislative Hurdle

The Senate and the House of Representatives on Tuesday swiftly passed the National Minimum Wage Act 2019 (Amendment Bill). The bill, which progressed through its second and third readings in both legislative chambers of the National Assembly just minutes after being submitted by President Bola Tinubu, was promptly approved by both the red and green […]

Dangote Accuses NNPC Staff, Oil Traders of Operating Blending Plant in Malta

Africa’s richest man, Aliko Dangote, has alleged that some employees of the Nigerian National Petroleum Company (NNPC) Limited and oil traders are operating a blending plant in Malta, an island country in Europe. Dangote made this claim over the weekend when he received the leadership of the House, led by Speaker Tajudeen Abbas and his […]

Tinubu Appeals for Calm, Assures Nigerians of Measures to Ease Economic Strain

President Bola Tinubu has called on Nigerians to cancel their planned protests, assuring that measures are in place to alleviate economic hardships. Speaking at a National Council of Traditional Rulers meeting in Abuja, Tinubu, represented by Secretary to the Government of the Federation George Akume, emphasised the need for patience and support during this critical […]

NLC Urges Tinubu to Engage Protest Leaders, Tackle National Hardships

The Nigeria Labour Congress (NLC) has called on President Bola Tinubu to engage with the leaders of a planned nationwide protest over economic hardship and to address the challenges facing citizens. “As the date for the widely reported national protest looms, the Nigeria Labour Congress urges President Bola Ahmed Tinubu to invite the leadership of […]

Petroleum Minister Convenes Crisis Talks to Resolve Dangote Refinery Controversy

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, yesterday hosted a crucial meeting with Dangote and officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to resolve recent disputes between the two parties. According to a statement from the minister’s spokesperson, Amaka Okafor, the meeting included leadership from the Nigerian Upstream Petroleum […]

93-Year-Old Mike Ejeagha’s Highlife Classic Goes Viral with New Dance Craze

Nigerian folklore music legend, Gentleman Mike Ejeagha, has recently taken social media by storm as his timeless highlife song, “Gwo Gwo Gwo Ngwo,” has sparked a viral dance challenge among content creators and celebrities worldwide. The dance moves, popularised by comedian and content creator Brain Jotter, have inspired many people to create their own versions. […]

Kamala Harris Becomes Democratic Frontrunner as Biden Exits 2024 Election

In a surprising turn of events, President Joe Biden announced on Sunday his withdrawal from the 2024 US presidential election, endorsing Vice President Kamala Harris as the Democratic Party’s new nominee. This unexpected move significantly alters the race for the White House. At 81 years old, Biden faced increasing pressure from within the Democratic Party, […]

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