Dangote Refinery Slashes Petrol Price to ₦899.50

The Dangote Petroleum Refinery, Africa’s first privately-owned oil refinery, has announced a reduction in the price of its Premium Motor Spirit (PMS), popularly known as petrol, to N899.50 per litre. The price cut is intended to ease transport costs for Nigerians during the Christmas and New Year celebrations. This development was disclosed in a statement issued on Thursday by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina. Mr Chiejina explained that...

Tinubu to Receive ₦704.91M from Lawmakers for Economic Relief

The House of Representatives will, on 31 December 2024, hand over the sum of ₦704.91 million to President Bola Tinubu to support vulnerable Nigerians grappling with economic challenges resulting from the removal of the petrol subsidy. This follows a resolution by the House on 18 July 2024, during which lawmakers agreed to contribute 50 per cent of their monthly salaries for six months to alleviate the hardships faced by ordinary Nigerians. The resolution was adopted...

Defence and Security Top Tinubu’s 2025 Budget with N4.91 Trillion Allocation

President Bola Ahmed Tinubu on Wednesday presented a budget proposal of ₦47.9 trillion for the 2025 fiscal year to the joint session of the National Assembly. The budget, tagged “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” prioritises defence and security with an allocation of ₦4.91 trillion, reflecting the administration’s determination to address Nigeria’s persistent security challenges. “Security is the foundation of all progress. We have significantly increased funding for the military, paramilitary, and police forces...

CAF Awards: Lookman, Nnadozie, and Super Falcons Fly Nigeria’s Flag High

Nigeria’s Ademola Lookman has been crowned Africa’s Best Player at the 2024 CAF Awards held on Monday night at the Palais des Congrès in Marrakech, Morocco. The Atalanta forward, who succeeded Victor Osimhen as Africa’s top footballer, delivered a stunning year that earned him the prestigious recognition. Lookman, 27, helped Nigeria secure a runner-up finish at the 2023 Africa Cup of Nations in Côte d’Ivoire and scored a memorable hat-trick to secure Atalanta’s UEFA Europa...

Nigeria Settles ₦84 Billion, $54 Million ECOWAS Levy After 19 Years

For the first time in 19 years, Nigeria has fully met its financial obligations to the Economic Community of West African States (ECOWAS) by paying 100 per cent of its community levy. The payment, totalling ₦84 billion and $54 million, covers Nigeria’s contributions for 2023 and extends through July 2024. The announcement was made by the President of the ECOWAS Commission, Dr Omar Touray, during the 66th Ordinary Summit of the ECOWAS Authority of Heads...

COAS Says Army Witnessed Large Surrenders from Boko Haram, ISWAP

Nigeria has witnessed a significant increase in the surrender of terrorists, following the Nigerian Army’s relentless efforts to counter Boko Haram and its rival faction Islamic State West Africa Province (ISWAP) insurgents. Army Chief, Olufemi Oluyede, made this announcement at the opening of the 2024 Chief of Army Staff (COAS) Annual Conference in Abuja on Monday. Mr Oluyede urged soldiers to strengthen their resolve in protecting Nigeria’s territorial integrity. He also stated that the purpose...

Cost-of-Living Crisis Worsens as Inflation Hits 34.60% in November

Nigeria’s inflation rate has climbed again, reaching 34.60 per cent in November, up from 33.88 per cent in October. This was revealed in the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS) on Monday. The rising cost of living has been linked to the naira’s devaluation and repeated petrol price hikes, both of which have pushed many Nigerians into tough financial situations. To tackle the inflationary pressure, the Central Bank...

ECOWAS Approves Burkina Faso, Mali, Niger’s Withdrawal by 2025

The Economic Community of West African States (ECOWAS) has formally approved the withdrawal of Burkina Faso, Mali, and Niger from the regional bloc, effective 29 January 2025. This decision was announced in a communiqué issued at the conclusion of an ECOWAS summit held on Sunday at the Presidential Villa, Abuja. President of the ECOWAS Commission, Omar Touray, read the communiqué, stating, “The authority takes note of the notification by Burkina Faso, Republic of Mali, and...

Wike Refuses to Back Down as Senate Demands a Halt to Abuja Demolitions

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has made it clear that no amount of blackmail will stop his ongoing demolition of illegal structures in Abuja. This bold stance comes despite calls from the Senate for him to pause all demolitions, except those backed by a court order. Speaking on Thursday, Wike did not mince words about his commitment to reclaiming government lands, regardless of opposition. “We are not afraid of blackmail,”...

Tinubu to Present ₦47.9trn 2025 Budget to National Assembly on Tuesday

President Bola Tinubu is gearing up to present the 2025 budget, totalling ₦47.9 trillion, to the National Assembly on Tuesday, 17th December. The President of the Senate, Godswill Akpabio, confirmed the news during plenary on Thursday. “The President has made his intention known to the National Assembly to present the 2025 budget to the joint session of the National Assembly on the 17th of December, 2024,” Akpabio announced. The presentation will take place in the...

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