Mcebisco

The Dangote Refinery and Neptune Oil have announced their maiden petrol export to Cameroon, representing a significant step in regional energy integration and collaboration. The firms described the shipment as a strategic collaboration to strengthen economic ties between the two countries while addressing rising energy demands in the region. Dangote speaks on first petrol export … Read more

The Federal Government has cautioned petroleum marketers against engaging in sharp practices, including hoarding and illegal price adjustments, ahead of the holiday season. Kunle Adeyemo, State Coordinator for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Osun, issued the warning on Wednesday in Osogbo, stressing that marketers found guilty of such practices would … Read more

The Nnamdi Azikiwe International Airport (NAIA) Abuja has been temporarily shut after an Allied Air flight tyre burst. The incident occurred after the aircraft landed at the Abuja airport on Wednesday, December 11. The Allied Air Cargo aircraft with registration number 5N-JRT skidded off Runway 22 at about 10:05 am on December 11, 2024. The … Read more

Nigeria’s oil production, including condensates, surged to 1.69 million barrels per day (mbpd) in November 2024, marking a 9.9% increase from October’s output of 1.538mbpd. This is according to the latest report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The report highlighted a significant 11.42% boost in crude oil production, which rose to 1.48mbpd … Read more

A Bayelsa state High Court, Nembe Division, has granted Kayode Egbetokun, inspector-general of police (IGP), a 42-day grace period to appear in court. As reported by Premium Times, the summon is related to an N649 million hotel lodging debt suit filed by Darius Obiene, the owner of Euphemie Motel in Opu-Nembe, Nembe local government area … Read more

The Federal Bureau of Investigation (FBI) Director, Christopher Wray, declared on Wednesday his intention to resign in January, prior to the inauguration of United States of America President-elect Donald Trump. In a statement communicated to the FBI and made public by the agency, Wray said after extensive consideration, he concluded that the best course of … Read more

Sue Agazie, a former PhD student from Nigeria at Newcastle University, has had her tuition fees refunded following distress caused by her inability to pay for her studies. Facing removal from the UK while undergoing treatment for stage five kidney disease, Mrs. Agazie filed a complaint against the university. Complaint and University Response According to … Read more

A Nigerian businessman said the crashing dollar exchange rate might not immediately affect the prices of goods. The man said that, as a businessman, Nigerians should not expect him to drop the prices of imported goods in his store. He said the effect of the falling dollar exchange rate may not be felt for at … Read more

Supporters of President Bola Ahmed Tinubu, under the banner of the Asiwaju Social Network (ASoN), North West Zone, have accused certain northern politicians of fueling banditry in the region. In a statement signed by Hon. Lukman Hamza and Comrade Aliyu Zuberu, ASoN alleged that these individuals aim to undermine Tinubu’s administration and called on security … Read more

The Central Bank of Nigeria (CBN) has adjusted the Customs duty rate for cargo clearance in Nigeria’s ports. The apex bank reviewed the Customs duty downward following the stellar performance of the Nigerian currency, the naira, in the official and parallel markets. CBN reduces rates for cargo clearance Data from the Customs trade portal shows … Read more