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Several developments have called into question the federal government’s intention to restart oil production at the 650,000 barrels per day (bpd) Dangote refinery in Lagos in recent weeks. The developments relate to the supply of crude to the refinery and the sale of refined products due to the wide exchange rate gap between the naira and the dollar. Several regulatory …

The Peoples Democratic Party (PDP) has accused the Nigerian government led by the ruling All Progressives Congress (APC) of orchestrating the killing of protesters by security forces in the ongoing #EndBadGovernance protests across the country. The opposition party, in a statement on its official X account on Tuesday, said the killing of civilians was unacceptable and could not be justified …

Nigeria’s military announced Monday that people who raise Russian flags during ongoing nationwide protests are committing treason and will be “prosecuted.” Chief of Defence Staff General Christopher Musa made the remarks after a National Security Council meeting chaired by President Bola Tinubu at Aso Rock Villa, Abuja, stressing that the act was “totally unacceptable” and would amount to a treasonable …

Nigerian equity market started the week on a bearish note as investors lost N92 billion by the end of the trading session. This follows a decline in share prices such as CHAMS, UPL and OMATEK among others on the trading floor. After five hours of trading in the capital market, equity capitalization declined to N55.405 trillion from N55.497 trillion recorded …

Justice Ambrose Lewis-Allagoa of the Federal High Court, Lagos, on Monday quashed the sale of Nigeria Air Limited to Ethiopian Airlines. Details later… LATEST Post: Court quashes sale of Nigeria Air appeared first on Latest Nigeria News | Headlines from Ripples Nigeria.

It was a missed result in the Nigerian equity market in the first trading of August. The stock market lost in three of the five trading sessions as the benchmark All Share Index (ASI) fell by -0.46% to close at 97,745.73 points in the previous week from 98,201.49 points. Similarly, investors lost N107.7 billion as market capitalization fell to N55.5 …

Here are the top 10 stories making headlines across the country. 1. #EndBadGovernance protests: Tinubu to address Nigerians on Sunday President Bola Tinubu will address Nigerians on the ongoing #EndBadGovernance protests on Sunday morning. Read more 2. Despite court order, police use tear gas to disperse #EndBadGovernance protesters at Abuja stadium Despite a court order restricting protesters from #EndBadGovernance protests …

President Bola Tinubu on Sunday urged protesters in the ongoing #EndBadGovernance protests to cease demonstrations and create space for dialogue. The President, who conveyed this in a national broadcast to the people, said, “In a situation like this, I appeal to the demonstrators and the organizers of the action to postpone further protests and provide space for dialogue. I always …

Claiming:President Bola Ahmed Tinubu sends threatening message to citizens. The indictment: FALSE. Full Text: A graphic message circulating on social media claims President Tinubu has sent threatening messages to citizens. The graphic features a photo of the president and a protest scene, with the caption: “Bad Governance Protest: Nigerian President Sends Threats to Citizens.” Ripples Nigeria reports that thousands of …

Broadcast by His Excellency, Bola Ahmed Tinubu, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria on the nationwide strike Date: Sunday, 4th August, 2024 My fellow Nigerians, 1. I speak to you today with a heavy heart and a sense of responsibility, aware of the turmoil and violent protests unleashed in some of our states. …