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Nigeria’s refining renaissance and the removal of petrol subsidies delivered key wins in Africa’s biggest oil-producing country this year, though persistent issues like underinvestment and underperforming oil output threatened to undermine the country’s energy sector’s progress. The 2024 kickoff of the Dangote Refinery and Petrochemicals was almost like a dream in Nigeria’s energy sector as […]

The Federal Capital Administration has introduced a curious five percent consumption tax in Abuja.This brings to 12.5 percent of consumption tax that consumers pay whenever they pick up items in restaurants, bars, clubs and hotels.Investigation revealed that restaurants, eateries, fast food joints are charging a 5 percent consumption tax on food, drinks and other consumables

The Oyo State Government says the 11 Megawatts Ibadan Hybrid Power Project commissioned by Governor Seyi Makinde early this month has taken off. The state’s Commissioner for Information and Orientation, Dotun Oyelade, said the whole of the Oyo State Secretariat and its environs, covering all Ministries, Departments, and Agencies, including the Secretariat Clinic, the State House of

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged Nigerian to avoid panic buying as there is enough fuel in the country. Mr Ukadike Chinedu, IPMAN Publicity Secretary, said this on Sunday in Abuja. He commended the Dangote Petroleum Refinery for reducing the price of its Premium Motor Spirit (PMS), also known as petrol,

Briefing newsmen in Abuja on Monday, President of the Association, Dr George Ebong, while lauding the minister for his “infrastructural development”, stressed that there is an urgent need for him to also focus on the well-being of doctors who are on the verge of extinction due to the economic hardship. He urged Wike to concentrate

NELFUND Managing Director, Akintunde Sawyerr, revealed this at the weekend while speaking at a virtual conference organised by The Renewed Hope Global titled ‘Student Loan Masterclass: Why, What, and How?’ He explained that the fund is looking forward to pursuing courses that align with the country’s needs rather than giving out loans to those seeking

Speaking on The Morning Show, an Arise Television programme on Wednesday, Tunji-Ojo said the experimental phase of the project would be launched in Lagos, Abuja, Rivers, and Kano states. The minister said the contactless passport application service will be rolled out internationally to Nigerians in the United States, United Kingdom, Italy, and France, following its

The company said the decision was taken to “provide much-needed relief for Nigerians ahead of the holiday season”. “Africa’s first privately-owned oil refinery, which previously lowered the price to N970 per litre on November 24, has now announced a new price of N899.50 per litre. This reduction is designed to ease transport costs during the