Business

President Tinubu Orders NNPC To Sell Crude Oil To Dangote Refinery In Naira

President Tinubu Orders NNPC To Sell Crude Oil To Dangote Refinery In Naira

President Tinubu Orders NNPC To Sell Crude Oil To Dangote Refinery In Naira. The President of the Federal Republic Of Nigeria Senator Ahmed Bola Tinubu has directed Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a post via his official X handle on Monday.
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Amidst Planned Protest, FGN Opens N110 Billion Portal For Nigeria Youth Investment Fund

Amidst Planned Protest, FGN Opens N110 Billion Portal For Nigeria Youth Investment Fund

Amidst Planned Protest, FG Opens N110 Billion Portal For Nigeria Youth Investment Fund See How To Apply Federal Government of Nigeria has opened portal for Nigerian Youth Investment Fund, GISTSMATE MEDIA is reporting. In the application link sighted and checked by our correspondent, NYIF 2024 application is now active and can be accessed via https://www.fmyd.gov.ng/nyif_application Recall that the Minister of Youth Development, Dr. Jamila Bio Ibrahim, earlier announced that the portal for the restructured Youth Investment Fund of N110 billion will be accessible in the coming days. The Minister made this announcement during a courtesy visit by the Middle Belt…
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China President Xi Jiping Invites President Tinubu For Bilateral Relationship

China President Xi Jiping Invites President Tinubu For Bilateral Relationship

China President Xi Jiping Invites President Bola Tinubu For Bilateral Relationship Chinese leader President Xi Jinping has invited President Bola Tinubu to pay a state visit to China in September. China’s Vice Minister of Foreign Affairs, Chen Xiaodong delivered the invitation to Tinubu at the Aso Villa on Thursday. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known in a statement issued via his official X handle on Friday. According to the statement, Tinubu has accepted the invitation and hoped that it would strengthen Nigeria-China bilateral relations and the proposed currency swap agreement. The…
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President Of Gabon Invites Dangote To Invest In Cement, Fertilizer Production

President Of Gabon Invites Dangote To Invest In Cement, Fertilizer Production

Gabon President Invites Dangote To Invest In Cement, Fertiliser Production The Chairman Dangote Industries Limited, Aliko Dangote has been invited by President Brice Oligui Nguema of Gabon to invest in cement and fertiliser production in the country, media office of Dangote Group said on Tuesday. The richest Africa man was invited to explore investment opportunities in cement and fertiliser (urea and phosphate). Parts of the statement read: “President Brice Oligui Nguema of Gabon has invited the President and Chief Executive Officer of Dangote Industries Limited (DIL), Aliko Dangote to invest in Cement and Fertiliser production in Gabon. “The President urged…
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Food Insecurity: Rt Hon. Benjamin Kalu Inaugurates Committee As National Assembly Moves To Provide Sucure For Nigerians

Food Insecurity: Rt Hon. Benjamin Kalu Inaugurates Committee As National Assembly Moves To Provide Sucure For Nigerians

𝐅𝐨𝐨𝐝 𝐈𝐧𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲: 𝐑𝐭 𝐇𝐨𝐧 𝐁𝐞𝐧𝐣𝐚𝐦𝐢𝐧 𝐊𝐚𝐥𝐮 𝐈𝐧𝐚𝐮𝐠𝐮𝐫𝐚𝐭𝐞𝐬 𝐂𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐞, As National Assembly Moves To Provide Sucure For Nigerians Food insecurity is a pressing issue that affects millions of people around the world, including in Nigeria. In an effort to address this challenge and prioritize agriculture, the deputy speaker of the House of Representatives, Rt Hon Benjamin Okezie Kalu, recently inaugurated the National Legislative Network on Nutrition and Food Security in Abuja. This committee has been tasked with the responsibility of initiating strategic legislative processes and actions to tackle food and nutritional challenges in the country. During the inauguration ceremony, Rt Hon…
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Gov Otti To Official Launch Nano And Micro Business Tomorrow Thursday

Gov Otti To Official Launch Nano And Micro Business Tomorrow Thursday

A Decent and Sustainable Palliative to Support Nano and Micro Businesses to Propel the Economy of the State. Governor Alex Otti's Policies and Programs are deliberate and intentional. It is a Revolving Loan Scheme. If you are not a beneficiary this time, you must certainly benefit in the next rounds. Abia money is for Abia People. The number of beneficiaries has just been upgraded to 10,000. Governor Otti will officially launch the Scheme on Thursday, 11th July 2024.
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FGN Removes Tariffs On Rice Importations, Set To Import 500,000 Metric Tonnes Of Maize, Wheat To Tackle Food Inflation

FGN Removes Tariffs On Rice Importations, Set To Import 500,000 Metric Tonnes Of Maize, Wheat To Tackle Food Inflation

FG Removes Tariffs On Rice Importation, Set To Import 500,000 Metric Tonnes Of Maize, Wheat To Tackle Food Inflation The President Bola Tinubu-led Nigerian government has announced measures to tackle the skyrocketing food prices nationwide. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, said the measures would be implemented over the next 180 days. “A 150-Day Duty-Free Import Window for food commodities which includes; suspension of duties, tariffs and taxes for the importation of certain food commodities through land and sea borders.” The commodities the government is prioritising to benefit from this include: Maize, Husked Brown Rice, Wheat…
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Dangote Refinery On Track For July Petrol Supply – Official

Dangote Refinery On Track For July Petrol Supply – Official

Dangote Refinery On Track For July Petrol Supply – Official The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, has reiterated that the Dangote oil refinery will supply petrol in July as promised. Edwin said this when he took officials of the S&P Global on a tour of the facility over the weekend. According to Edwin, the company aims to catalyse a virtuous cycle of industrial development, job creation, and economic prosperity by harnessing Africa’s abundant crude oil resources to produce refined products locally. He also revealed that “as earlier promised, the company will start the…
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Frustrations As DisCos Further Jerk Up Tarriff For Band A Customers

Frustrations As DisCos Further Jerk Up Tarriff For Band A Customers

Lamentations As DisCos Further Jerk Up Tariff For Band A Customers Electricity Customers have expressed frustration following announcements by Distribution Companies on a further increase in the price of tariff for Band A customers. Trouble started after public notices obtained from some of the utility firms on Wednesday, revealed that the tariff has been increased from ₦206.80 to ₦209.50kW/h. The Eko Electricity Distribution Company (EKEDC) in a notice on its official X handle, @EKEDP seen by Channels Television, said the new tariff takes effect from July 1, 2024. “Dear Valued Customer, Kindly be informed that there has been an upward…
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