Dangote Refinery has announced further cut in the ex-depot price of its Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (diesel), signalling relief to consumers as competition intensifies in the domestic downstream petroleum market. According to a post on the company’s social media handle on Wednesday, August 5, the refinery’s ex- …
Nigeria’s foreign exchange market recorded a significant boost in July, as total forex inflows climbed to a five-month high of $4.36 billion, driven largely by aggressive Central Bank interventions and a remarkable surge in domestic participation. According to the latest data released by FMDQ, this represents a 31.9 per cent month-on-month increase from the $3.31 …
The Rivers State chapter of the African Democratic Congress (ADC) has criticised the Minister of the Federal Capital Territory (FCT), Nyesom Wike, over his recent comments on the party's vice-presidential candidate, Rotimi Amaechi, urging him to stop what it described as repeated verbal attacks. The party also dismissed Wike's assertion that the outcome of the …
Dangote Refinery is targeting October 2026 for a landmark listing in the stock market to raise $5 billion through an initial public offering (IPO) to finance the expansion of the facility in Lagos. According to a report by Reuters, if approved and completed, the public offering will be one of the largest equity raises in …
Despite playing a critical role in sustaining Britain’s healthcare system, foreign health professionals report a sharp rise in workplace hostility, open racism, and patient discrimination. The dream of better pay and improved working conditions that has driven thousands of Nigerian healthcare professionals to the United Kingdom is increasingly colliding with a troubling reality: …
Nearly three decades after rescue operations began, harmful traditional beliefs continue to target infants after maternal deaths and multiple births in communities around Abuja and neighbouring Niger State. For decades, many Nigerians believed the killing of infants over harmful traditional beliefs had disappeared with history. The story of Scottish missionary Mary Slessor, celebrated …
President Bola Tinubu has approved salary increases ranging from 30 to 80 per cent for personnel across Nigeria’s armed forces, the presidency announced on Tuesday. The upgraded pay structure, set to take effect on September 1, will benefit approximately 250,000 military personnel nationwide. Under the new review, lower-ranking troops from Private to Staff Sergeant will …
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has dismissed the emergence of former Minister of Transportation, Rotimi Amaechi, as the running mate to former Vice-President Atiku Abubakar for the 2027 presidential election, describing the ticket as lacking electoral value. Speaking during a media parley on Tuesday, Wike said Amaechi no longer commands …
State chairmen of the Peoples Democratic Party (PDP) aligned with the Minister of the Federal Capital Territory, Nyesom Wike, have called on former President Goodluck Jonathan to publicly reject the use of his name by the Kabiru Turaki-led faction of the party. The appeal follows the decision of the Turaki faction to nominate Jonathan as …
Shell has signed a Sale and Purchase Agreement (SPA) with French energy major TotalEnergies for the sale of its European onshore renewables portfolio. In a statement released on Monday, August 3, the company said the deal represents the latest step in its strategy to streamline its power business and reallocate capital toward its core strengths …
