Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries in order to transit from a net importer to a net exporter of petroleum products, Chairman of the Dangote Refinery and Petrochemical Company Limited, Aliko Dangote, has said. Dangote made this assertion during his…
By Omeiza Ajayi, Luminous Jannamike & Daniel Abia PORT HARCOURT — Rivers State Governor, Siminalayi Fubara, warned yesterday that oil production in the state will be threatened, if there was any further violence or attacks in the state. This came on a day the state government also constituted a seven-man judicial commission to investigate the arson…
Elon Musk, the tech titan behind Tesla, SpaceX, and other cutting-edge ventures, is no stranger to controversy—especially regarding his political views. Musk is the only African immigrant that Trump and his Republicans tend to love. Over the past few years, Musk’s occasional support for conservative figures, most notably Donald Trump, has raised eyebrows, given that he leads…
Count Jimmy Kimmel among the many people casting sidelong glances at Elon Musk’s weird appearance at a Trump Rally over the weekend. After dismissing the pair of newfound political allies as “Twitterdee and Twitterdum,” he declared that seeing them together was a rare glimpse of ” two devils making a deal with each other.” “Gordon…
As Nigeria navigates its complex political landscape, concerns have been raised about the effectiveness of its political parties. Salihu Moh. Lukman, the immediate past National Vice Chairman of the ruling All Progressives Congress (APC), recently articulated a pressing issue: Nigeria is now a democracy without functional political parties. This statement reflects a growing sentiment among…
This means NNPC will no longer be the sole off-taker, and marketers can now negotiate prices directly with Dangote Refinery. The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market for other marketers to buy petrol directly from the refinery, PREMIUM TIMES can authoritatively report today. This…
The Peoples Democratic Party (PDP) has won 30 of the 31 chairmanship positions in the Akwa Ibom local government elections. On Saturday, the Akwa Ibom State Independent Electoral Commission (AKISIEC) conducted elections in 31 LGAs and 369 wards. The results posted on the Facebook page of AKISIEC on Sunday showed that the PDP won 30 LGAs while…
By Haruna Aliyu Birnin Kebbi—Armed bandits, weekend, abducted the district head of Kanya, under Danko/Wasagu Local Government Area of Kebbi State. Alhaji Isah Daya, the district head of Kanya village was abducted when armed bandits stormed his village, killed one, injured three persons now receiving treatment at the hospital and abducted eight persons, including the…
Governor of Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, has said the bank raised the interest rate, once again, in its last Monetary Policy Committee, MPC, meeting to check inflation. He reiterated that the CBN’s move was to enhance transparency and provide more accurate oversight of foreign exchange transactions. He said: “Trust is the…
The Nigerian National Petroleum Company Limited may begin the supply of crude oil in naira to the Dangote Petroleum Refinery this week following the announcement by the Federal Government that the naira-for-crude deal has commenced. Also, following the promise by the government, three more refineries are getting set to start the production of Premium Motor…
