Photos: Akwa Ibom Automobile Factory Near Completion

AKS AUTOMOBILE FACTORY COMMENCES RECRUITMENT OF 20 INDIGENOUS STAFF FOR TRAININGS IN ISRAELI The process has commenced for the emergence of twenty indigenous automobile engineers who would be trained in Israel to constitute the first batch of staff members employed in the MIMSHAC car assembly plant located in Itu local government area of the state. […]

Governor Orders Petrol Stations To Revert Pump Price to N165

In the last three weeks, there has been fuel scarcity in parts of the state due to hoarding and trans-border sale in Cameroon. The Cross River State Government has given an order to all petrol stations in the state. The governor ordered all petrol stations selling petrol at exorbitant prices to immediately revert to its […]

Saudi Arabia Lifts Ban On Nigerian Flights

The lifting of restrictions was announced on Saturday, with the Kingdom also removing many COVID-19 restrictions, giving a green light for 2022 Hajj exercise. King of Saudi Arabia and the Custodian of the two Holy Mosques, His Royal Highness Salman bin Abdulaziz al Saud. Daily Trust reports that the Kingdom of Saudi Arabia has lifted […]

Long queues persist in Ibadan as more petrol stations shut down

Ibadan, the Oyo State capital, has continued to witness long queues of cars, motorcycles and tricycles due to the closure of many petrol stations. Our correspondent had last week reported that long queues resurfaced in most parts of Ibadan. A correspondent, who went round major areas of Ibadan last week, observed that long queues have […]

Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices

The escalating war between Russia and Ukraine has sent oil prices to new highs, with the Bonny Light breaking the $100 per barrel resistance level on February 24 for the first time since 2014. As the United States and European allies of Ukraine threaten to tighten sanctions on Russia, oil traders are concerned about the […]

Fuel scarcity persists, NNPC engages security agencies to tackle distribution hitches

The Nigerian National Petroleum Company Limited on Friday said it was working to resolve the distribution hitches that had continued to prolong the three-week scarcity of Premium Motor Spirit popularly called petrol. Petrol scarcity continued on Friday and practically grew worse in Abuja and neighbouring states, as motorists formed massive queues in the few filling […]

TUC Threatens Nationwide Strike Over Fuel Scarcity

Mohammad Yunusa, the TUC national treasurer, disclosed this while speaking with journalists on Sunday. The Trade Union Congress (TUC) has threatened to commence a nationwide strike over the lingering fuel crisis. TUC on Sunday threatened to direct its members to stop going to work if the challenge of fuel scarcity across the country persists the […]

Fuel scarcity: Group gives NNPC GMD, Kyari 72 hours to resign

The Coalition of Concerned Northern Forum (CCNF), has called on the NNPC’s Group Managing Director, Mallam Mele Kolo Kyari and Engr. Farouk Ahmed, the Chief Executive Officer of Nigeria Midstream and Downstream Petroleum Regulatory Authority (MDPRA) to tender their resignation within 72 hours over the persistent fuel scarcity in the country. The group also demanded […]

Fuel scarcity has doubled Nigerians’ sufferings – CAN

The Christian Association of Nigeria (CAN) in the 19 northern states and Abuja has observed that the persistent scarcity of fuel in Nigeria and the pains of having adulterated fuel in circulation have further increased the hardship Nigerians are going through for about a month now. According to a statement issued by its Vice Chairman, […]

Fuel Scarcity: IPMAN Begs FG To Bear Their Losses As NNPC Delays Dirty Fuel Withdrawal

Petroleum marketers, on Sunday, asked the Federa Government to bear their losses, while accusing the Nigerian National Petroleum Corporation (NNPC) Limited of a deliberate delay in evacuating adulterated petroleum from fuel stations. The Independent Petroleum Marketers Association of Nigeria (IPMAN) told The Guardian that, due to the delay, there is a deliberate attempt for fueling […]

How Peter Obi Inspired Me To Manufacture SUVs, Pick-Up Vans – Innoson

Chukwuma said this in a media parley with journalists in Nnewi, Anambra State, on Tuesday. The Chairman of Innoson Vehicles Manufacturing (IVM) Limited, Dr Innocent Chukwuma has revealed that former governor of Anambra State, Mr Peter Obi played a major role in him starting a car manufacturing business. Chukwuma said Obi inspired him to manufacture […]

Fuel Scarcity: Nigerians Lament As Queues Resurface In Lagos, Abuja

Some have taken to social media to express their frustration about the situation combined with the lack of constant electricity. Nigerians have lamented following the resurfacing of long fuel queues at filling stations in Abuja and Lagos. While the cause of the fuel scarcity is unknown, many Nigerians have been left stranded at bus stops […]

Mark Zuckerberg falls out of Top 10 rich list after net worth plunges $30B in stock selloff

Mark Zuckerberg’s Facebook shares suffered a historic selloff in trading on Thursday, Feb. 3, causing him to fall out of the Top 10 rich list. The Facebook founder’s personal net worth dropped approximately $29.7 billion on Thursday, according to Forbes’ real-time calculations. By the end of trading, Zuckerberg’s on-paper fortune was estimated to be $84.8 […]

Lagos train tickets to cost N200 – N300 Per Trip, – Gov. Sanwo-Olu

Lagos State Governor, Babajide Sanwo-Olu, has assured residents of the state that they will enjoy affordable and accessible train rides ahead of the completion of the red line rail project of the government. The Governor gave the assurance during an interview on Channels Television’s Sunrise Daily on Friday January 28. “We believe that the cost […]

US Dollar Was N190 Under PDP, Now N590 With APC – Ortom Fires Buhari Govt

He slammed the ruling All Progressive Congress, APC, administration for making life unbearable for Nigerians under 7 years of governance. Governor Samuel Ortom of Benue State has lashed out at the Muhammadu Buhari-led government over the poor state of the economy and the naira. He slammed the ruling All Progressive Congress, APC, administration for making […]

Billionaire, Aliko Dangote makes N218 billion after Dangote Cement’s buyback program

The chairman of the Dangote Group and African Billionaire, Aliko Dangote, gained a massive N218 billion from his Dangote Cement Plc stake after the cement company completed a share buy-back program on the Nigerian Exchange Limited (NGX). The richest man in Africa currently holds the majority stake in Dangote Cement Plc, to the tune of […]

Morocco Becomes The Leader in Peer-2-Peer Crypto Trading in North Africa

According to the data from the company, only three other nations in Africa have managed to post better results than Morocco Although many countries around the world, including Morocco, work on issuing different types of restricting measures against the crypto trading market, the interest of it continues to grow rapidly in different parts of the […]

The Biggest Rice Pyramids In Africa, Built With 1M Bags Of Rice (Pictures)

The Biggest Rice Pyramids in Africa. Built with 1million Bags of Rice Paddy planted and harvested from states across the country under the Anchor Borrowers Programme ABP. CBN is matching rice millers with RIFAN to off-take the paddy, mill and supply the Nigerian markets. They have set up machineries to prevent hoarding and ensure the […]