Dangote Refinery Considers Fuel Exports Amid Local Market Challenges

The Dangote Petroleum Refinery, Africa’s largest oil refinery, is contemplating the export of its refined products, including Premium Motor Spirit (PMS), following a lack of support from local petroleum marketers. This decision comes as the refinery has begun producing petrol but faces significant hurdles in selling its products domestically. Local Market Resistance According to Devakumar…

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Obaseki Raises Alarm Over Police Bias Ahead of Edo 2024 Elections

As the September 21 governorship election approaches, Edo State Governor Godwin Obaseki has voiced serious concerns regarding the Nigeria Police’s ability to ensure a fair and secure electoral environment. Speaking at a press conference on September 10, 2024, Obaseki expressed a lack of confidence in the police, alleging that their actions have shown a clear…

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One Year Later: Mohbad’s Legacy Sparks Renewed Calls for Justice

As the first anniversary of the tragic death of Nigerian music star Mohbad, whose real name was Ilerioluwa Oladimeji Aloba, approaches, fans and supporters are once again rallying for justice. Mohbad passed away on September 12, 2023, under controversial circumstances that have since sparked widespread speculation and demands for accountability. A Year of Grief and…

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Commemorating the 23rd Anniversary of the September 11 Attacks: A Nation Remembers

On September 11, 2024, the United States will pause to honour the victims of the September 11, 2001 attacks, which claimed the lives of nearly 3,000 people. Twenty-three years later, the memory of that tragic day continues to resonate across the nation, and communities will come together to commemorate the lives lost and reflect on…

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Naira Struggles Intensify as Oil Prices Fall Below $70 Per Barrel

The Nigerian economy is facing significant challenges as global oil prices have dropped below $70 per barrel, further straining the value of the naira. This decline in oil prices, which are critical to Nigeria’s revenue generation, raises concerns about the country’s economic stability and the currency’s future. Decline in Oil Prices Recent market trends indicate…

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EFCC to Prosecute Major Financial Frauds by Banks, Top Officials

The Economic and Financial Crimes Commission (EFCC) has announced its intention to prosecute significant financial fraud cases involving banks and high-ranking officials. This declaration comes amid concerns over the prevalence of financial crimes in Nigeria. Rising Financial Fraud Cases A recent report indicates a 77.62% decline in financial fraud losses among Nigerian banks in Q1…

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