Economy
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Obasa: Blinded by His Ambition
Attempt by the Speaker, Lagos State House of Assembly, Mudashiru Obasa, to use Thursday’s budget presentation by Governor Babajide Sanwo-Olu, to settle political scores will forever hunt him and hurt his career, writes Shola Oyeyipo Whoever seeks the peace and progress of Lagos State, and understands the import of the…
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Any Imported Petrol Cheaper Than Ours is Substandard – Dangote
The management of the Dangote Refinery yesterday maintained that any imported petrol cheaper than the one produced by the 650,000 barrels per day facility, located in Lagos, is substandard. In a statement signed by the company’s Group Chief Branding and Communications Officer, Anthony Chiejina, the Dangote refinery stated that it…
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Why FG must end petrol subsidy now — Dangote
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely. He said the removal would help determine the actual petrol consumption in the country, as he confirmed ownership of two oil blocks in the upstream sector with an…
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Red Cross seeks N2.5bn to tackle food insecurity
The Nigerian Red Cross Society, with support from the International Federation of Red Cross and Red Crescent Societies, has launched an emergency appeal to assist the most vulnerable individuals across Nigeria over the next eighteen months. The appeal aims to raise N2.5bn, focusing on enhancing livelihoods, health, nutrition, and WASH…
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IPMAN decries selling of Dangote petrol higher than imported fuel
The Independent Petroleum Marketers Association of Nigeria has raised concerns over the pricing of petrol from the Dangote Refinery, urging the Nigerian National Petroleum Company Limited to ensure it is not sold at a higher price than imported fuel. IPMAN argues that such a disparity would be counterproductive to the…
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Tinubu shifting Nigerian economy from consumption to production – Actress Eniola Badmus
Nollywood actress, Eniola Badmus has praised the Nigerian economy under President Bola Ahmed Tinubu. She noted that the country’s imports are decreasing while exports are increasing, indicating an expanding economy. The actress emphasised that Nigeria, under Tinubu, has made unprecedented progress in trade, highlighting a shift from consumption to production.…
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Tinubu panel, Dangote refinery brainstorm on petrol pricing
There are indications that the Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira will further discuss the pricing of Premium Motor Spirit, popularly called petrol, to be released by the Dangote Petroleum Refinery next month. Multiple officials, both…
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Forensic audit of mining sector underway, says Alake
The Minister of Solid Minerals Development, Dele Alake, has announced plans for an impending forensic audit of the mining sector, aimed at sanitizing the industry and boosting investor confidence. In a meeting with Plateau State Governor Caleb Mutfwang, on Wednesday, Dr. Alake highlighted that the ongoing reforms will include the…
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Security needs 350m rounds of ammunition yearly, says minister
The Nigerian Armed Forces, para-military and the police need 350 million rounds of ammunition yearly for effective operations, Minister of State for Defence Bello Matawalle said yesterday. The minister spoke on the imperative of self-sufficiency in defence production during the signing of a Memoranda of Understanding (MoU) on the establishment…
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FG begins duty-free import of food items
The Nigeria Customs Service has been directed to start the implementation of the zero per cent import duty and exemption of Value-Added Tax on basic food items. This was after President Bola Tinubu approved the implementation of zero per cent import duty and exemption of Value-Added Tax on basic food…