Nigeria’s Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6 million barrels of gasoline and diesel to supply refined fuel to southern Africa, two sources told Reuters yesterday. The move underscores the refinery’s ambition to dominate fuel supply in Africa and beyond, potentially reshaping energy trade flows in the region…
A private entity, Backbone Infrastructure Nigeria Limited (BINL), has expressed its readiness to build $15 billion 500,000 barrels per day (bpd) refinery and establish a Free Trade Zone (FTZ) in Ondo State. It said it has concluded plans to construct and operate the plant at the Sunshine Industrial Park in Ogboti, Eruuna and Sunshine FTZ…
Ride-hailing platform, Bolt, has reinforced its commitment to safety for both riders and drivers by rolling out news security measures. It unveiled the safety measures during its Bolt Public Safety Summit in Lagos. This follows the success of its Global Safety Campaign in December 2024. The summit followed a Safety Press Briefing earlier at the…
The Minister of Information and National Orientation, Mohammed Idris, has said the Nigerian economy is steadily improving meaning that the economic reforms of President Bola Tinubu are working. Idris spoke in Abuja while receiving members and newly elected executives of the Nigerian Guild of Editors during a courtesy visit to his office. He said the…
The International Monetary Fund (IMF) has pledged to sustain its support to the Federal Inland Revenue Service (FIRS) to help deepen tax administration and strengthen Nigeria’s revenue mobilisation efforts. Speaking during the opening of an IMF-supported Headquarters Mission at the FIRS headquarters in Abuja, a Senior Economist at the Fiscal Affairs Department of the IMF,…
An initiative, the Digital Higher Education Africa (DHEA), is championing the continent’s higher education’s digital transformation to address gaps in the areas of access and affordability. DHEA demonstrated this through the summit it organised which was anchored by Argyle IT & Education and was held at Eko Hotel and Suites, Victoria Island, Lagos. The inaugural…
The Aliko Dangote Foundation has flagged off the distribution of 10,000 bags of rice, each weighing 10 kilograms, to vulnerable households, people living with disabilities and the less privileged in Bayelsa State. Deputy Governor Bayelsa State, Senator Lawrence Ewhrudjakpo who represented the Governor, Senator Douye Diri at the event commended Aliko Dangote for his philanthropic…
The Nigeria Customs Service (NCS), in collaboration with other law enforcement and regulatory agencies, has held a sensitisation exercise for international airline operators at the Nnamdi Azikiwe International Airport, Abuja in a proactive move to strengthen Nigeria’s anti-money laundering efforts. .The session, the Service said, aimed to increase awareness on the importance of enforcing Nigeria’s…
The Central Bank of Nigeria (CBN) has clarified that there are no hidden charges attached to transactions on Non-Resident Bank Verification Number (NRBVN) platform. The apex bank affirmed that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing within the country remains entirely free of charge. The bank’s Acting Director…
