Presidentl Muhammadu Buhari (retd.), on Friday, approved the restoration of the leases on four Oil Mining Licences to the Nigerian National Petroleum Corporation. The oil licences affected are OMLs 123, 124, 126 and 137. The Department of Petroleum Resources had on March 30, 2021, revoked the licences belonging to the federation. The Senior Special Assistant […]
The Central Bank of Nigeria (CBN) has directed Deposit money banks (DMBs) in the country to accept both Old series and lower denominations of United States Dollars (USD) that are legal tender for a deposit from their customers. In a circular on Thursday signed by the Director, Currency Operations Department (CBN), Ahmed Umar, the apex […]
Northern independent petroleum marketer’s forum has resolved to withdraw its services if authorities concerned fail to take drastic steps on some pressing issue the forum raised about what it termed prevailing adverse operations of Petroleum Equalization Fund (PEF) management. This was contained in a communiqué issued at the end of the forum’s inaugural meeting held […]
A market survey conducted by NAN at various wholesale and retail shops in the zone shows that the price of the product has increased almost by double when compared to the price in 2020. A cement dealer at Kenyetta Market in Enugu State capital, Ifeanyi Amadi said the increase in the product’s price started last […]
Kano State governor, Dr Abdullahi Umar Ganduje with the support of business mogul, Alhaji Aminu Alhassan Dantata, Kano Emirate and the Kano State Council of Imams, have reconciled the differences between two illustrious sons of Kano, Aliko Dangote and Abdussamad Isyaka Rabi’u (BUA). According to a statement signed by Chief Press Secretary to the governor, […]
MTN customers in Nigeria now have alternative electronic payment platforms to recharge their phones as the mobile network operator on Saturday announced that customers can recharge airtime through payment solutions platforms such as Flutterwave, Jumia Pay, OPay, Kuda, Carbon and BillsnPay. MTN in a statement on Saturday by its Senior Manager, External Relations, Funso Aina, […]
Minister of Communications and Digital Economy, Isa Pantami, has waded into the trade dispute between commercial banks and mobile network operator, MTN Nigeria. Pantami, in a tweet late Friday, wrote, “On the fallout between @MTNNG and some banks on USSD services today, I engaged with both regulators, the Governor of @cenbank and EVC @NgComCommission. “We […]
Gov. Willie Obiano of Anambra says the Anambra Cargo Airport in Umueri, Anambra East Local Government will be ready for use in April. Obiano disclosed this when he led the joint committee of the National Assembly on inspection of the project on Saturday. The governor said his administration was determined to deliver the airport in […]
In this file photo Tesla CEO Elon Musk talks to media as he arrives to visit the construction site of the future US electric car giant Tesla in Gruenheide near Berlin on September 3, 2020. Odd ANDERSEN / AFP In this file photo, Tesla CEO Elon Musk talks to the media as he arrives to […]
Timipre Sylva, minister of state for petroleum, says Nigerians should hold him accountable “for every dollar, every cent” spent on the Port Harcourt refinery. He said President Muhammadu Buhari wants to leave behind a legacy of functional refineries for Nigerians. Nigeria has four refineries — two in Port Harcourt and one each in Kaduna and […]
