The Nigerian government has announced that a consortium of investors from South Korea has set up machinery to build four 100,000-barrel capacity refineries in the country. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, disclosed this on Tuesday at a summit organized ...

Nigeria’s capital importation, known as foreign investments, rose by 152.81 per cent to $2.604.50 million in the second quarter of 2024, compared to $1.030.21 recorded in the corresponding quarter of 2023. The National Bureau of Statistics disclosed this in its latest Capital Importation Data ...

The import of Automotive Gas Oil (Diesel) into Nigeria increased by 22.66 percent to 4.94 billion liters in 2023 from 4 billion liters in 2022. The National Bureau of Statistics disclosed this in its latest Petroleum Products Distribution Data released recently. The data also showed that ...

President Bola Ahmed Tinubu said his administration has cleared N30 trillion ways and means loan from the Central Bank of Nigeria. The President disclosed this on Tuesday during his 64th Independence Day celebration nationwide broadcast. According to him, his administration in the last 16 ...

The National Bureau of Statistics has said that Spain, the United States of America, France, India and The Netherlands are Nigeria’s five top export destinations in the second quarter of 2024. NBS disclosed this in its latest Foreign Trade Data released on Wednesday. The data showed that the ...

The Nigeria Labour Congress has confirmed that its President, Joe Ajaero was arrested by operatives of the Department of State Services, DSS on Monday. NLC disclosed this in a terse statement through its official X account on Monday. NLC described the arrest as an assault on Nigerian workers ...

Amid the controversy surrounding the order by a French court which granted a Chinese firm the license to seize three presidential jets belonging to the Nigerian Government, Biafra agitator, Simon Ekpa has claimed that the United States Government will seize more Nigerian assets. Recall that a ...

The Minister of Solid Minerals Development, Dele Alake has approved the transfer of N2.5 billion mining sector support fund from the Bank of Industry to the Solid Minerals Development Fund, SMDF. The Minister disclosed this in a statement on Friday by his spokesperson, Segun Tomori after ...

The naira has recorded three consecutive days of appreciation against the dollar at the official foreign exchange market amid the Central Bank of Nigeria’s latest FX Retail Dutch Auction System. FMDQ data showed the naira further strengthened to N1, 596.52 per dollar on Wednesday from N1601 ...

Former Nigerian Senator and activist, Shehu Sani has said the organisers of the planned August 1-10 hardship protest will submit their details to the Nigeria Police Force when they have been hypnotized or charmed. Sani disclosed this in a statement on his X account on Saturday in reaction to ...

Another round of massive job losses and price hikes looms as Kimberly-Clark, the producer and manufacturer of the popular diaper brand ‘Huggies’ and various sanitary pads, is set to announce the closure of its production facility in Ikorodu, Nigeria, after several years of investing $100 ...

Eze Onyekpere, the Lead Director of the Centre for Social Justice, has said the one year of President Bola Ahmed Tinubu’s administration was a failure. Onyekpere disclosed this on Wednesday in an interview on Channels Television as Tinubu marks one year in Office. He said fuel subsidy removal, ...