The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has confirmed that the Port Harcourt Refinery has resumed production. Mr Festus Osifo, President of PENGASSAN, disclosed this while addressing newsmen at the end of the National Executive Council (NEC) meeting in Abuja on Tuesday. According to Osifo, the refinery rehabilitation was made possible … Read more
The EFCC has linked the controversial Abuja estate with 753 duplexes and other apartments to the former governor of the CBN, Godwin EmefieleThis was disclosed in a court document where the anti-graft agency linked the massive property to the embattled former CBN governorAn FCT High Court ordered the forfeiture of the property to the federal … Read more
Tobi Adegboyega, a Nigerian pastor at the center of a £1.87 million fraud investigation, has lost his bid to avoid deportation, despite arguing it would violate his human rights. An immigration tribunal ruled that Tobi Adegboyega, 44, cousin of Star Wars actor John Boyega, will be deported to Nigeria following allegations of financial misconduct linked … Read more
The Police Command in Ogun has confirmed the alleged killing of one Gideon Ebukwe by unidentified armed men at Ok Winners Hotel, Igbosoro, Igode, Sagamu Local Government. The Command’s Spokesperson, SP Omolola Odutola, confirmed this in a statement, in Abeokuta on Tuesday. Odutola said that at 3.30 p.m., the CDC Chairman, Atobatele Igbosoro, reported an … Read more
The foreign exchange market recorded an improved FX turnover in the first 11 months of 2024Data shows that foreign exchange turnover in the official window rose 61.9% to $43 billion in the review periodMDQ Exchange data on quarterly transactions in the market shows that FX turnover stood at $12.64 billion in the first three months … Read more
The Presidency has urged Nigerians to desist from the use of ethnic or regional slurs while commenting on the proposed tax reform bills before the National Assembly. The warning was contained in a statement by the Minister of Information and National Orientation, Mohammed Idris. President Bola Tinubu cautioned against the use of ethnic or regional … Read more
The Nigeria Bar Association (NBA) has condemned the arrest of a lawyer, Dele Farotimi, by the Nigerian Police Force over allegations bordering on libel. The NBA President, Afam Osigwe, in a statement Tuesday night in Abuja, also decried the alleged invasion of Farotimi’s law firm and the harassment of lawyers and staff within the premises. … Read more
The sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) organised by the Petroleum Technology Association of Nigeria (PETAN) in collaboration with the Nigerian Content Development and Monitoring Board (NCDMB) is set to showcase multi-billion-dollar project opportunities in Nigeria and indeed Africa. The event scheduled to take place in Lagos from 11-13 February 2025 will offer … Read more
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 3rd December, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? … Read more
Coronation Insurance Group has recorded a profit before tax of N2.2 billion for the year ended December 31, 2023. The Company stated this at its 66th Annual General Meeting (AGM) held yesterday in Lagos, reflecting on a transformative year marked by significant financial and operational milestones. This performance marks a significant recovery from the N1.8 … Read more