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Businessman Aliko Dangote announced on Tuesday that the Federal Executive Council (FEC) is working on setting a new pricing structure for petrol produced at the Dangote Refinery. The refinery, which has a production capacity of 650,000 barrels per day, officially launched its refined gasoline on Tuesday, with Dangote indicating that the product would be available at filling stations within the …

Nigerian music video producer ThankGod Omori Smith aka TG Omori has taken to social media to respond to claims that Nigerian celebrities have not supported him during his health crisis. Recall that TG Omori had previously told fans about how his brother donated a kidney to save his life. TG Omori, who revealed this in a post on his X …

After more than a year since its launch in May 2023, the Dangote Refinery, on Tuesday, launched its first Premium Motor Spirit (PMS), also known as petrol, from its 650,000 barrels per day capacity facility. This was even expressed by the company’s chairman, billionaire businessman Aliko Dangote, who stated that “today is a day of celebration” for Nigerians. He further …

Badminton Federation of Nigeria (BFN) President Francis Orbih has described Eniola Bolaji’s bronze medal achievement at the 2024 Paris Paralympic Games as an investment product. Bolaji defeated Ukraine’s Oksana Kozyna 21-9, 21-9, to win the bronze medal and become the first Nigerian and African athlete to win an Olympic or Paralympic medal in badminton. In a statement by the Badminton …

The subtle and insulting war of words between former President Goodluck Jonathan’s aide Reno Omokri and veteran journalist and publisher of Ovation International Magazine Dele Momodu may not end anytime soon following the resumption of hostilities. The resumption of the war was initiated by Omokri in a post on X on Monday in which he compared bandits and criminals who …

Naira recovers against US dollar in official and parallel windows on Monday, September 2, 2024. The local currency was trading at N1,585/$1 on the official exchange according to the Nigerian Autonomous Foreign Exchange Market (NAFEM) data and N1,635/$1 on the parallel market. This shows that N1,585/$1 is N13 lower than the N1,598/$1 the currency traded at the previous day’s official …

For more than a year, especially since the start of the new administration by the federal and state governments in May 2023, questions have been raised about how each level of government spends the allocations disbursed to them every month. The Federal Account Allocation Committee (FAAC) is responsible for reviewing and adopting allocations of funds to the states of the …

Popular Nollywood actor, Kenneth Okonkwo has slammed some Nigerians who are buying fuel for up to N1000 per litre. In a post on his Instagram page on Monday, the actor-turned-politician lamented that people who bought fuel at N1000 per litre protested when the price of the commodity was increased to N140 per litre during the administration of former President Goodluck …

  The US has seized a plane owned by Venezuelan President Nicolás Maduro, claiming it had been purchased illegally for $13m (£9.8m) and smuggled out of the country. According to the U.S. Department of Justice, the Falcon 900EX aircraft was seized in the Dominican Republic and transferred to the U.S. state of Florida. It is unclear how and when the …

The Independent National Electoral Commission (INEC) announced last week that the All Progressives Congress (APC) and 15 other political parties contesting the Edo State governorship election would sign a peace agreement ahead of the exercise on September 12. In the same week, former Kaduna State Governor Nasir El-Rufai slammed the politics of bitterness and jealousy in the state. This story …