NewsReports

The Central Bank of Nigeria (CBN) has decided to maintain its limit on Ways and Means Advances to the federal government at 5 per cent for the fiscal years 2024-2025, despite a recent bill passed by the National Assembly that proposed increasing this limit to 10 per cent. Ways and Means Advances are short-term loan facilities provided by the CBN …

The National Security Adviser, Nuhu Ribadu, said that President Bola Tinubu has assented to the bill for the establishment of the National Centre for the Control of Small Arms and Light Weapons. Ribadu made this known at the Workshop on Gender Mainstreaming in Preventing the Proliferation of Small Arms and Light Weapons in Nigeria and the West African Sub-region on …

•Sets up disaster relief fund, seeks private sector support  •Shehu of Borno wants flood disaster probed. •Zulum commences distribution of relief materials to impacted persons. •Acknowledges donations from agric ministry, NEMA, NNPC  •Kano donates N100m, Ndume N50m. •IGP orders reconstruction of damaged police facilities President Bola Ahmed Tinubu, yesterday, said he had to shelve his proposed visit to the United …

The Peoples Democratic Party (PDP) and the All Progressives Congress (APC) as well as supporters in Edo State have upped the ante in campaigning for votes ahead of Saturday’s election. Among those canvassing for support for candidate of the PDP, Asue Ighodalo is a chieftain of the Peoples Democratic Party (PDP) in Edo State, Mr Austin Osakue who has admonished …

*NNPC sets Lagos price at N950/litre, Borno’s at N1,019 for Dangote fuel. *National oil company assures fuel queues to disappear in few days. *Declares naira-for-crude arrangement to ease FX volatility. *Fuel scarcity in Nigeria over, Otedola says  The federal government yesterday expressed excitement over the commencement of lifting of Premium Motor Spirit (PMS), also known as petrol from the 650,000 …

The price of Premium Motor Spirit, popularly called petrol, produced by the Dangote Petroleum Refinery and released by the Nigerian National Petroleum Company Limited on Monday may justify the importation of the commodity into Nigeria, oil marketers have said. Dealers also stated that vessels of imported petrol should start arriving in Nigeria from Tuesday (today) as they called for transparency …

The electoral body which made this known in a statement issued on Tuesday by its National Commissioner & Chairman, Information and Voter Education Committee, Sam Olumekun, said out of 2,629,025 registered voters, 2,249,780, representing 85.57%, have collected their PVCs.  The Independent National Electoral Commission (INEC) has said that 379,245 Permanent Voter Cards (PVCs), representing 14.43 percent of the total registered …

Scotland’s 100-year-old Grangemouth refinery is set to close in 2025, turning into a fuel terminal amid mounting global competition. Dangote Refinery may have recorded its first casualty as Grangemouth, Scotland’s only refinery, is to shut down in 2025 with the loss of 400 jobs, as competition tightens. The refinery’s operator, Petroineos, said the refinery was increasingly unable to compete with …

Governor Godwin Obaseki of Edo State has said his party, the People Democratic Party (PDP) was pleased with the commitment of the Inspector General of Police (IGP), Kayode Egbetoku and Chairman of the Independent National Electoral Commissioner (INEC), Prof. Mahmood Yakubu, to ensure a free, fair and credible election in the State. Obaseki said this while addressing journalists after a …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it doesn’t make sense for the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol lifted from the Dangote Refinery higher than imported ones. This was disclosed by the IPMAN National Welfare Officer, John Kekeocha on Channels Television’s The Morning Brief breakfast programme on Monday. He said, “If NNPC can sell …