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In a damning ruling, the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA) has declared the quality of petroleum products from the Dangote Refinery, as well as those from other refineries such as Watersmith, Aradel, as inferior to imported products. This comes even as the agency revealed that the 650,000 barrels per day refinery has not been granted an operational …

Investors in the Nigerian stock market enjoyed a rally on the NGX floor after making a gain of N320.84 billion in the just-ended trading week. The exchange recorded profits on four of the five trading days and losses on only one trading day. Market capitalization rose by N320.84 billion to N56.93 trillion from N56.44 trillion in the previous week. Similarly, …

Ojoku Grammar School in Oyun Local Government, Kwara State, was once renowned for its high quality education and abundant facilities since its establishment in 1974. The school used to attract many parents to enroll their children. However, all its excellent qualities have been lost due to neglect and lack of funding over the years. The entrance arch resembles a barren …

Former Director-General of the Labour Party Presidential Campaign Council, Dr. Doyin Okupe, said on Saturday that he is not a member of the All Progressives Congress (APC) but appreciates the bold reforms initiated by President Bola Tinubu’s administration. Okupe, a former presidential spokesman, stated this on his X account while reacting to criticism over his support for the president. The …

Here are the top 10 stories making headlines across the country. 1. I did not betray Peter Obi, he betrayed Atiku —Okupe Former Director-General of President Obi-Datti’s 2023 presidential campaign, Doyin Okupe, has responded to allegations by Peter Obi’s supporters known as Obidients, that he betrayed his principles before and after the election. Read more 2. ‘You have become a …

Nigeria’s equity market ended the week with a gain of N20 billion for investors on Friday. This follows the increase in stock prices such as SOVRENINS, CUSTODIAN, and NAHCO among others on the trading floor today. After five hours of trading in the capital market, equity capitalization increased to N56.92 trillion from N56.90 trillion posted by the exchange on Thursday. …

Here are the top 10 stories making headlines across the country. 1. Dele Momodu to Tinubu: Beware of hero worshippers in the National Assembly Ovation Magazine Publisher Dele Momodu on Thursday warned President Bola Tinubu to be wary of hero worshippers in the National Assembly.Read more 2. Tinubu orders payment of salaries of withheld university employees President Bola Tinubu, on …

The naira recovered from its slump against the US dollar and was trading at N1,566/$1 on the official exchange on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency gained N15 in today’s trade when compared to N1,588/$1 recorded on Wednesday. The highest and lowest intraday prices recorded during the day were N1,650/$1 and …

Nigeria’s equity market recovered from earlier losses on Thursday with investors gaining N262 billion at the close of trade. This follows the increase in share prices such as UCAP, OANDO, and AFRIPRUD among others on the trading floor today. After five hours of trading in the capital market, equity capitalization increased to N56.9 trillion from N56.6 trillion posted by the …

The Nigerian Exchange Limited (NGX) has delisted shares of Niger Insurance Plc and two other companies from its platform for failing to comply with standards. Other companies affected are – Resort Savings and Loans Plc, and RAK Unity Petroleum Plc. NGX Head of Issuer Regulation, Godstime Iwenekhai, confirmed the development in a statement on Thursday. The companies, according to NGX, …