SaharaReporters has uncovered that the Port Harcourt Refinery in Rivers State, recently announced as operational, is not the newer facility built in 1989 with a capacity of 150,000 barrels per day. Instead, the Nigeria National Petroleum Company Limited (NNPCL) has resumed operations at the older refinery, constructed in 1965, which produces only diesel and has…
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has defended the need for additional borrowing to fund the federal budget, even as the country’s public debt exceeds N134 trillion. Edun made the statement during an interactive session with the Senate Joint Committees on Finance, National Planning, and Economic Affairs, focused on…
The Dangote Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), or petrol, to ₦970 per litre, down from ₦990 per litre. This decision was shared in a statement by the refinery’s Chief Branding and Communications Officer, Anthony Chiejina, on November 24, 2024. The move is described as a gesture…
Today, we have the privilege to celebrate the birthday of a true visionary and leader in the fashion industry. The CEO of ALEMAX CREATIONS FASHION, a brand known for its creativity and innovation, is an inspiration to us all. On this special day, we want to extend our heartfelt birthday wishes to the talented CEO….
Guaranty Trust Bank (GTB) has notified its customers of an impending migration of its core banking application system to a new one, which would cause a temporary disruption in banking services. The transition to a new and robust suite of Finacle Core Banking Application Systems is set to commence on Friday, October 11, 2024, and…
Days after empowering 20 young entrepreneurs with N3m each, the Ondo State Government has announced plans to hold a comprehensive youth retreat aimed at empowering young people across the state. The initiative, which will bring together youths irrespective of their political affiliations, is designed to equip participants with skills and knowledge for self-reliance, while also…
The Nigerian National Petroleum Company has released a breakdown of estimated petrol prices from the Dangote refinery in its retail stations in Lagos as well as other states in the country. In a statement signed by its Chief Corporate Communications Officer, Olufemi Soneye, the company stated that it is buying petrol in dollars from the…
The Association of Mobile Money and Bank Agents in Nigeria has attributed the low registration rates of Point of Sale (PoS) operators across the country to an ongoing legal dispute with the Corporate Affairs Commission (CAC). The Federal Government, through the CAC, had mandated PoS companies to register their agents, merchants, and individuals by a…
The Citizens for Democratic Dividends in Nigeria on Wednesday faulted the claims by the Nigeria Labour Congress that the Federal Government betrayed its trust by increasing the price of fuel despite the agreement over the new minimum wage of N70,000, which was way below the initial proposal of the organised labour. The group, in a…
With today, September 5, 2024 being the deadline given by the Corporate Affairs Commission (CAC) for banking agents, known as Point of Sale(POS) operators to register their activities or face prosecution, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has challenged the directive in court. Recall that the federal government through the…
