Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered the temporary suspension of helicopter landing fees imposed on oil companies over concerns that the charges could disrupt operations in the oil and gas sector. Keyamo said he gave the directive for suspension of the charges on Monday, March 9, during a meeting with …
President Bola Tinubu has approved the Final Investment Decision (FID) on the Bonga Southwest deepwater project, estimated to attract about $20 billion in Foreign Direct Investment into Nigeria. This marks a significant step in Nigeria’s quest to attract strategic investments and accelerate sustainable economic growth. According to a statement by Andy Odeh, Chief Corporate Communications …
Nigerians are grappling with renewed economic pressure after oil marketers raised the pump price of Premium Motor Spirit (PMS), popularly known as petrol, to as high as ₦1,330 per litre at some filling stations, intensifying the burden on commuters and transport operators already struggling with rising cost of living. The ripple effects of regional conflicts …
A viral video circulating on TikTok has sparked anxiety among parents after a mother claimed that excessive consumption of soy-based baby milk could damage infants’ kidneys, weaken bones, and cause bloating. The video, which features a container labelled Baby Wonder Soya Plus placed on top of a bucket of soybean pap powder, shows the mother …
The Nigerian government has called on citizens to share their views on possible age limits and other measures to protect children on social media platforms. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, announced the initiative on Tuesday. He called on parents, educators, young people and digital professionals to participate in a public …
Dangote Refinery has cut its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100 to ₦1,075 per litre from the earlier price of ₦1,175 per litre. The refinery also stated that the price of PMS for coastal supply will now be set at ₦1,050 per litre, which accounts for a minor …
The United States Embassy in Nigeria has warned of possible terrorist threats targeting American facilities and schools affiliated with the U.S. in the country. In a security notice issued on its website on Monday, the embassy said the advisory was meant to alert U.S. citizens in Nigeria to potential risks and urged them to take …
The Court of Appeal in Abuja has dismissed an appeal filed by Ondo State Governor, Lucky Aiyedatiwa, challenging a ruling of the Federal High Court in Akure in a suit questioning his eligibility to contest the next governorship election in the state. In a unanimous judgment, a three-member panel of the appellate court held that …
As the world continues to experience global supply disruptions and surging crude oil prices, Dangote Petroleum Refinery has reassured its commitment to a steady fuel supply in Nigeria, emphasising that the nation's domestic refining capacity provides a crucial buffer against international market shocks. The refinery's Managing Director, David Bird, who spoke in a media chat …
Africa is beginning to feel the economic consequences of the escalating Middle East conflict as the United States and Israel continue to launch attacks on Iran, triggering fresh volatility in global oil markets. The tensions have already pushed oil prices up by about 10 percent, raising concerns across African economies that remain heavily dependent on …
