The price of Automotive Gas Oil, AGO, (diesel), has dropped by 20.6 per cent to N1,350 per litre in April, as the Dangote Refinery pumps the product into the domestic market. Nigeria’s inflation and foreign exchange crisis had pushed the prices of the product to about N1,700 per litre in most parts of the nation, including Lagos and Abuja. Usually, …
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The Nigerian Electricity Regulatory Commission (NERC) has given approval for an increase in electricity tariffs for customers classified under Band A, who typically enjoy a minimum of 20 hours of electricity supply per day. Band A customers represent approximately 15% of the total 12 million electricity customers in the country.During a press conference held in Abuja on Wednesday, Vice Chairman …
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President Bola Tinubu has signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law to proclaim its effective takeoff. Speaking after the ceremony at the Presidential Villa, Abuja, on Wednesday, he noted that education is a tool needed by Nigerians to fight poverty. He stressed his administration’s commitment to ensure that education is given the proper …
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Rivers State Governor, Siminalayi Fubara, has warned that he will surprise those who consider his honest decision to implement the presidential peace pact as a sign of weakness. Fubara said he had been inundated with several comments in the media about the implementation of the peace initiative and had chosen to be silent out of maturity and wisdom. The governor, …
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The Vatican has announced that Pope Francis has accepted the resignation of Archbishop José Antonio Eguren of Piura and Tumbes, Peru. Eguren, 67, has been in charge of the Archdiocese of Piura and Tumbes since 2006. He presented his resignation eight years before the age limit provided for in the Code of Canon Law. The Vatican has not reported the …
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Despite the economic challenges facing Nigeria, Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024. Dangote’s fortune rose to $13.4 billion, Adenuga’s fortunes stood at $6.7 billion, while Rabiu and Otedola achieved a fortune of $5.2 billion and $1.4 billion in 2024, respectively. Aliko Dangote is the richest …
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DEIR AL-BALAH, Gaza Strip (AP) — Some of Israel’s closest allies on Tuesday condemned the deaths of seven aid workers who were killed by airstrikes in Gaza — a loss that prompted multiple charities to suspend food deliveries to Palestinians on the brink of starvation. The deaths of the World Central Kitchen workers threatened to set back efforts by the …
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ECOWAS hopes the presidential election in Senegal will be the breaking point from a troubled past in West Africa. When the head of the ECOWAS mission to Senegal, Ambassador Ibrahim Gambari, visited President Macky Sall in his residence the day after the nation’s voters cast their ballots for the youngest President-elect in the country’s history, Bassirou Diomaye Faye, he met …
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The 650,000 barrels per day Dangote Petroleum Refinery has pegged a minimum of one million litres of Automotive Gas Oil (AGO) diesel per marketer as it is set to commence sales of the product today, The Nation learnt. Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Alhaji Abubakar Maigandi, disclosed this to The Nation on Tuesday. He said: “The least volume a marketer …
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The 44-year-old opposition candidate, Bassirou Diomaye Faye, has been sworn in as the fifth Senegalese president. Faye took over from immediate past president Macky Sall on Tuesday, April 2, 2024, in an event witnessed by African leaders in the new town of Diamniadio, near the capital Dakar. Nigeria’s President and the Chairman of the Economic Community of West African States …
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