By Ikechukwu Nnochiri ABUJA—The Dangote Petroleum Refinery and Petrochemicals FZE, has approached the Federal High Court in Abuja for permission to amend the suit it filed to nullify licenses the Nigeria National Petroleum Company Limited, NNPCL, and six others secured to import refined petroleum products into the country. The company, in the application it filed…
Germany’s President Frank-Walter Steinmeier is scheduled to visit Nigeria on December 10 for a three-day official trip, which will conclude on December 12, 2024. The planned visit was made known in a press release issued by the German Embassy in Abuja on Monday. Steinmeier, during his visit, will hold discussions with several key Nigerian figures,…
The Academic Staff Union of Universities (ASUU) has raised alarm over a provision in the Nigeria Tax Reform Bill 2024 that proposes phasing out the Tertiary Education Trust Fund (TETFund) by 2030. The union warned that such a move would cripple public tertiary institutions and make education unaffordable for many Nigerians. ASUU National President, Prof….
There are indications that the newly introduced foreign exchange market system by the Central Bank of Nigeria, CBN, is the driving force behind the recent massive appreciation of Nigeria’s local currency, the Naira, against the world’s major currencies. Bankers who spoke to Vanguard attributed the appreciation of the Naira to the Electronic Foreign Exchange Matching…
The Petroleum Refinery and the Petroleum Products Retail Outlets Owners Association, PETROAN, have continued talks, targeted at concluding details for lifting petroleum products. The National President of PETROAN, Dr. Billy Gillis-Harry, Monday, led the association to negotiate and sign a deal with the Dangote Refinery in Lagos. The National President of PETROAN, Dr. Billy Gillis-Harry,…
The Katsina State Police Command, yesterday, paraded Adewumi Gabriel, Head of ATM Operations of a new generation bank’s Daura branch, for conspiring with a colleague to steal the sum of N18 million from a customer’s account. Adewumi confessed to conspiring with David Mesioye, now at large, using their expertise of the bank’s operations to carry…
The Naira yesterday appreciated to N1,685 per dollar in the parallel market from N1,695 per dollar on Wednesday. Similarly, the Naira appreciated to N1,567 per dollar in the official foreign exchange market. Data from the Central Bank of Nigeria, CBN on Daily Nigerian Foreign Exchange Market (NFEM) showed Naira appreciated for four consecutive days to…
