• Separation in gas, petroleum call for anarchy, stakeholders say • Nigeria heading in direction of Venezuela, experts insist • Bassey: Priorities on gas without ministry of environment, renewable disastrous Nigeria’s bleeding oil and gas sector, which is gasping for fresh breath after eight years of former President Muhammadu Buhari’s poor handling, may be heading […]
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Financial experts said the recent $3 billion emergency crude repayment loan from the African Export-Import Bank (AFREXIM) may not achieve a meaningful result in easing the pressure in the foreign exchange (FX) market unless appropriate measures are adopted. According to analysts at Cordros Capital, the loan is a favourable short-term fix in providing near-term FX […]
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Nigeria’s average daily consumption of Premium Motor Spirit (PMS), popularly called petrol, dropped to 52 million litres in July, as against a national consumption figure of 64,964,000 recorded on June 30, 2023, data obtained from Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has shown. According to the agency, the land-based stock and closing stock […]
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Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to stop former governors, currently serving as ministers, from collecting life pensions, luxury vehicles and other allowances in their states. It equally pleaded with the affected Nigerians to refund the life perks they may have taken since leaving office. The beneficiary ex-governors are: Badaru […]
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President of the Athletics Federation of Nigeria (AFN), Tonobok Okowa The President of the Athletics Federation of Nigeria (AFN), Tonobok Okowa, has appealed to Nigerian athletes participating in the ongoing World Championships in Budapest, Hungary, to go for medals. Okowa, who spoke at the team’s Park Inn hotel, Radisson, in Budapest, on Monday, said that […]
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The World Athletics Record holder in 100m hurdles, Tobi Amusan, has declared that she has put behind her the trauma of her suspension by the Athletics Integrity Unit (AIU), over the Whereabouts Failures charge. Amusan began training for the title defence on Monday morning at the National Athletics Centre in Budapest, Hungary. She had already […]
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The management of the University of Calabar has directed the former Dean of the Faculty of Law, Prof.Cyril Ndifon to refund all illegal monies extorted from students under various sub-heads. The Vice Chancellor of the University, Prof. Florence Obi, disclosed this yesterday while addressing Newsmen in her chambers on issues surrounding the alleged sexual harassment, […]
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Newly sworn in minister of Interior, Bunmi Tunji-Ojo has assumed office. He arrived the ministry at about 2:20 pm accompanied by a crowd of supporters who were chanting solidarity songs after the swearing-in ceremony at the presidential villa. The ministry however shut out journalists who were at the ministry waiting for hours to report events […]
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Despite pleas and admonitions for a lean government to reflect the distressed state of the economy, reduce recurrent expenditure and associated cost of governance, President Bola Tinubu has gone ahead to nominate a 70-man Federal Cabinet, made up of 48 minister-nominees, 45 of whom have been screened and confirmed by the National Assembly, and in […]
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– Why Naira is under attack, by ABCON president Policy inconsistencies of the Central Bank of Nigeria (CBN) continued unabated at the weekend with the reinstatement of Bureau de Change (BDCs) operators in the bid to stabilise the foreign exchange (forex) market. Indeed, bringing back the BDCs can help increase the supply of forex in […]
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