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NIGERIA NOW THIRD LARGEST DEBTOR TO WORLD BANK President Bola Tinubu,Nigeria has ascended to become the third-largest debtor to the World Bank’s International Development Association (IDA) as of June 30, 2024, reflecting a significant increase in the country’s borrowing from the institution. According to the World Bank’s financial statements, Nigeria’s exposure to the IDA rose by 14.4% from $14.3 billion …

PDP GOVERNORS KNOCK WIKE – THREATS RECKLESS, UNACCEPTABLE The governors of the Peoples Democratic Party (PDP) have sharply condemned the former Governor of Rivers State and current Minister of the Federal Capital Territory, Nyesom Wike,for what they describe as reckless and unacceptable threats.In a statement issued on Tuesday by the forum’s Director General, Emmanuel Agbo, the PDP Governors’ Forum (PDP-GF), …

NNPC REACH ACCORD WITH DANGOTE REFINERY TO SELL CRUDE OIL IN NAIRA The Nigerian National Petroleum Company Limited, NNPCL, has reached an agreement to sell crude oil to Dangote Petroleum Refinery in Naira. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, made this confirmation on Tuesday via its X handle, @NMDPRA_Official. According to NMDPRA, the NNPCL reached an agreement …

NNPC SPOKESMAN KEEPS MUM AS PETROL PUMP PRICE IS ADJUSTED TO N855 PER LITRE There are strong indications that the Nigerian National Petroleum Company Limited has directed its retail outlets to raise the pump price of petrol to N855 per litre. Nigerians woke up on Tuesday to find a change in pump prices, rising from around N600 to N855 per …

I TRUSTED FUBARA, YET HE SACKED ME WHILE I WAS IN ICU – ROYAL FATHER A traditional ruler in Rivers State, Eze Ohna Sergeant Chidi Awuse, has accused Governor Siminalayi Fubara of removing him from his position as chairman of the Traditional Rulers’ Council while he was seriously ill. Fubara removed Awuse on June 21 from his position as Chairman …

INDUSTRIAL COURT NULLIFIES DEMOTION OF IMT’S FOMER DIRECTOR OF WORKS SERVICESThe Presiding Judge, Enugu Judicial Division of the National Industrial Court, Hon. Justice Oluwakayode Arowosegbe has declared that Engr Luke Mmamel is entitled to his pension rights as a confirmed Director of Works Services of Enugu Institute of Management and Technology.lThe Court ordered Enugu Institute of Management and Technology to …

NNPC TO BECOME SOLE BUYER OF PETROL FROM DANGOTE REFINERYThe Nigerian National Petroleum Company (NNPC) Limited is set to become the “initial exclusive buyer” of products from the Dangote Refinery as the 650,000 barrel per day plant begins processing of premium motor spirit (PMS) also known as petroleum, report has indicated.This is coming amidst the worsening fuel supply in Nigeria …

BREAKING: DANGOTE REFINERY BEGINS FIRST PETROL ROLLOUT Dangote Refinery has commenced the rollout of its first Premium Motor Spirit (Petrol) from its 650,000 barrels per day Lagos-based refinery. The President of Dangote Group, Aliko Dangote, disclosed this during a press conference with journalists on Tuesday. He stated that the company’s petrol will substitute import dependence, bring down inflation, and stabilize …

PDP GOVERNORS, WIKE SET FOR SHOWDOWN AS NWC MEETS WEDNESDAY A showdown is looming between the Peoples Democratic Party (PDP) Governors Forum and the Minister of the Federal Capital Territory, Nyesom Wike, as the party’s National Working Committee (NWC) meets on Wednesday. The meeting is expected to address the lingering political conflict between Wike and Governor Siminalayi Fubara of Rivers …

MINISTER DIRECTS NNPCL TO SELL PMS ABOVE N1000 The Minister of State for Petroleum Resources, Heineken Lokpobiri has directed that the Nigerian National Petroleum Company Limited(NNPCL) must sell petrol above the landing cost, which currently stands at N1,117 per litre, to prevent the smuggling of the products to neighbouring countries. Lokpobiri who disclosed this in Abuja, adding that security agencies …