News

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, is expecting fresh reports to confirm the real sulphur content of the diesel produced by the Dangote refinery as the company debunked claims […]

Aliko Dangote, Africa’s richest man, says he is willing to sell his oil refinery to the Nigerian National Petroleum Company (NNPC) Limited. Aliko spoke in an interview with Premium Times on Sunday. The billionaire’s statement […]

The leadership of the Labour Party has condemned the removal of Senator Ali Ndume as the Chief Whip of the Senate on Wednesday. Following his sack, Ndume was immediately replaced by the Senator representing Borno […]

The United Arab Emirates (UAE) has said it is not aware of the requirement for Nigerians to have a $10,000 bank balance and pay N640,000 application fee to obtain its visa. Recall on Monday, the […]

The National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased to N750.17 in June — up from the N545.83 recorded in the same month last year. This signifies […]

The National Bureau of Statistics (NBS) says the average price of automotive gas oil (AGO), also known as diesel, was N1,462.98 per litre in June. In its automotive gas oil (diesel) price watch for June […]

The distributable revenue comprised statutory revenue of N 142.5 billion, distributable Value Added Tax (VAT) revenue of N523.973 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.692 billion, Exchange Difference revenue of N472.192 billion and […]

The Nigeria Labour Congress, on Tuesday, threatened to shut down the country for a month in protest against plans by the National Assembly to deregulate the national minimum wage. NLC’s threat came as the nation […]

LAGOS — The Nigeria Employers’ Consultative Association, NECA, Manufacturers Association of Nigeria, MAN, and the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture, NACCIMA, have blamed hastily implemented government policy shifts without corresponding […]

Following the lifting of the visa ban on Nigeria, the United Arab Emirates Government has increased its visa fee by over 300 per cent, which has been condemned by air travellers in the country. Expressing […]

Heineken Lokpobiri, minister of state for petroleum resources (oil), says Nigeria has sovereign rights over the oil prospecting licence (OPL) 245 oil block. Speaking at a press briefing on July 12, Lokpobiri said all oil […]

The National Assembly lobbied the Nigerian government to sign the Samoa Agreement, PREMIUM TIMES can report. This newspaper obtained a letter from the National Assembly to the Minister of Budget and National Planning, Atiku Bagudu, […]

Former Ekiti State Governor, Ayo Fayose, has expressed concern over Thursday’s Supreme Court judgment affirming local governments’ right to receive monthly allocations directly from the federation account. The chieftain of the Peoples Democratic Party emphasised […]

THE pan-Yoruba socio-cultural organization, Afenifere, yesterday, advised the 774 local government areas across the country not to make themselves appendages of the Federal Government as a result of the financial autonomy granted them by the […]

The increasing weight of unfavourable economic condition owing to weakening purchasing power has moved Nigerians into a state of hopelessness over the direction of the economy. Also, the widespread cut in spending by Nigerians in […]

The Nigerian police have announced the suspension of the enforcement of the controversial e-CMR on vehicle owners. The police had earlier announced that the enforcement would commence on 29th July which would have led to […]

Minister of Interior, Olubunmi Tunji-Ojo, says the federal government is considering relocating some correctional facilities from their present locations in urban areas. He said this was because urbanisation has eaten deep into the setbacks that […]

NGX Regulation, the regulatory arm of the NGX Group, has suspended trading in the shares of eight companies for default in filing their relevant accounts for 2023. In a market bulletin on Monday, the Head […]

The naira depreciated at both the official and parallel markets on Monday. At the official, Nigerian Autonomous Foreign Exchange Market, the naira dropped to 1,523.85 per dollar, depreciation from the previous close of 1,509.67 to […]