The cryptocurrency market is stabilising after a turbulent start to the week, gaining nearly $89 billion and pushing the total market cap to $2.61 trillion. Bitcoin rebounded above $80,000, with analysts suggesting a breakout past $82,761 could lead to $85,000, supported by strong investor confidence. Key political and economic developments fueled this turnaround. Ukraine’s 30-day…
Agency Report The Lagos State Butchers’ Association has lamented the soaring cost of cows threatening the livelihoods of its members and called for the Federal Government’s intervention to save the sector from an imminent collapse. The association’s Chairman, Alhaji Taiwo Rasak, disclosed this in an interview with the News Agency of Nigeria on Sunday in…
By Obas Esiedesa, Abuja NNPC Limited yesterday disclosed that it has supplied 48 million barrels of crude oil to Dangote Refinery under the crude for Naira agreement facilitated by the Federal Government last year. The company, in a statement by its Chief Corporate Officer, Mr. Olufemi Soneye said the crude for Naira deal was a…
A businessman identified as Dennis Adeniran Adetoye who was arrested after presenting forged documents for visa at the the British Deputy High Commission’s office in Lagos has been to one year imprisonment for visa fraud. This followed his arraignment by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) before Lagos Special Offences Court…
By Olaniyi Apanpa The Ogun State Government has shut down four companies over industrial accidents and safety violations, including Quantum Steel Industry in Ogijo and Xinfeng Plastics Limited along the Lagos-Ibadan Expressway. The Special Adviser to the Governor on Ogun State Environmental Protection Agency, Farook Akintunde, who also chairs the State Taskforce on Environmental Compliance…
By Samuel Ese The Bayelsa State Government has lifted the ban on employment into the state civil service, according to a special announcement issued on Tuesday. The announcement, signed by the Permanent Secretary of the Civil Service Commission, Dr. Stanley Sokari, directed all applications to be submitted to the commission no later than March 21,…
By Udeme Akpan & Ediri Ejor THE price of Nigeria’s Bonny Light crude oil fell by 10.6 per cent to $73.53 per barrel from $84.02 per barrel on January 15th, fuelling fears over achievement of Federal Government’s budget 2025 revenue target. The Budget 2025 is based on crude oil price benchmark of $75 per barrel,…
By Udeme Akpan, Obas Esiedesa The Nigerian National Petroleum Company Limited (NNPC) has reduced the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N825 per litre from N890 per litre as competition intensifies in Nigeria’s downstream sector. NNPCL’s spokesperson, Olufemi Soneye, confirmed the development in an interview with Vanguard yesterday. He…
By Victor Ahiuma-Young The Nigeria Labour Congress, NLC, yesterday asked the federal government to jettison any planned hike in electricity tariff under any guise, threatening to lead mass resistance against such move. It also threatened to shut down operations of telecommunications companies should they fail to implement the 35 per cent hike in tariff agreed…
By Dirisu Yakubu The Nigerian National Petroleum Company Limited has announced plans to sponsor 2,000 medical surgeries before the end of the second quarter of 2025. The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, disclosed this during a stakeholders’ engagement with the National Assembly Press Corps in Abuja on Saturday night. Highlighting the contribution…
