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The Nigerian National Petroleum Company Limited has urged the Federal High Court in Lagos to dismiss the Dangote Petroleum Refinery’s bid to halt fuel importation, warning that the refinery’s products are sold at “significantly high and fluctuating market prices” and that granting its requests could hand it monopoly control of Nigeria’s downstream petroleum sector….
Nigerian consumers may soon experience relief at the pumps as global crude oil prices plummet following significant progress in peace talks between the United States and Iran. Brent crude dropped sharply from one hundred and eleven dollars last week to ninety-seven dollars on Monday morning. The rapid decline tracked optimistic statements from Washington regarding the…
The United States has disbursed $187.3m in foreign assistance to Nigeria as Washington considers applying stricter conditions to future funding. Data published by the US Department of State confirms the cash release, positioning Nigeria as the second-largest aid recipient in sub-Saharan Africa this period, behind Ethiopia. The bulk of the capital flowed directly through the…
A rapidly accelerating Ebola outbreak in the Democratic Republic of Congo has crossed an alarming threshold, with suspected infections now exceeding nine hundred. World Health Organization Director-General Tedros Adhanom Ghebreyesus confirmed that surveillance teams have identified nine hundred and four suspected cases across the country. The official tally includes one hundred and one laboratory-confirmed infections….
The Nigerian Exchange extended its bearish run as profit-taking in the industrial and insurance sectors dragged performance indicators lower. The All-Share Index dropped by twenty-five basis points to close a subdued trading session. Institutional investors led the retreat by liquidating positions in recently appreciated mid-cap equities. The downturn mirrors growing caution on Broad Street as…
Lionel Messi faces an uncertain timeline for his return to football after medical tests confirmed a hamstring injury. Inter Miami announced on Monday that the forward suffered an overload associated with muscle fatigue in his left hamstring. The diagnosis follows his early exit from a Major League Soccer match on Sunday night. Messi walked off…
The Nigerian National Petroleum Company Limited has launched a fierce legal defense of fuel imports to prevent a private monopoly. In a counter-affidavit filed at the Federal High Court in Lagos, the state oil firm urged judges to dismiss a lawsuit by Aliko Dangote. The billionaire’s twenty-billion-dollar refinery wants the court to void import permits…
Nigeria and Türkiye have signed a memorandum of understanding to deepen bilateral cooperation in the solid minerals sector. Minister of Solid Minerals Development Dele Alake and Turkish Minister of Energy and Natural Resources Alparslan Bayraktar finalised the agreement in Istanbul. The pact updates an inactive framework first established between the two nations in 2021. Both…
Yoruba nation activist, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has announced that he is awaiting formal approval from the Federal Government to commence operations of his security outfit, the Iru Ekun Security Network, which he says is positioned to assist conventional security agencies in clearing criminal elements from forests across the South West….
The Federal High Court in Abuja on Monday adjourned a forfeiture suit filed by the Economic and Financial Crimes Commission (EFCC) against nine properties linked to former Bayelsa State Governor and ex-Minister of State for Petroleum Resources, Timipre Sylva, until July 16, citing the anti-graft agency’s failure to file a compliance report on an…
