JUST IN: Federal High Court Nullifies Sale of Nigeria Air
The Federal High Court sitting in Lagos on Monday, August 5, declared null and void the sale of Nigeria Air Ltd to Ethiopian Airlines.
Justice Ambrose Lewis-Allagoa in his judgment stopping the sale, ordered that the...
Nigeria’s Oil Production Hits 1.7m bpd – JTF
The Joint Task Force South-South, Operation Delta Safe (OPDS), says Nigeria’s crude oil production has hit 1.7m barrels per day (bpd) and also re-echoed its commitment to securing the pipelines.
This came in a statement by the Coordinator...
Top Ten Importers of Dangote Refinery Petroleum Products
The United States of America, Spain, France, South Korea, Angola, Togo, Guinea, Belgium, Israel, and Singapore, have been listed as the top 10 importers of petroleum products from Nigeria’s $20 billion Dangote Refinery.
However, the products that...
Food Importation Gulps $689.88 million in Q1 2024
The import of food products gulped about $689.88 million in the first quarter of 2024, which is about 17% of the total foreign exchange (FX) spending on imports.
This is according to the sectoral utilization of foreign exchange...
Public Debt Stock May Hit N130tn by Dec – Report
Nigeria’s public debt stock is projected to hit N130tn this year, raising concerns about the country’s debt-to-gross domestic product ratio.
This was revealed in a report by Afrinvest, an investment management company, titled, ‘Bank Recapitalisation, Catalyst...
Full Broadcast by Tinubu on Nationwide Protests
My fellow Nigerians,
1. I speak to you today with a heavy heart and a sense of responsibility, aware of the turmoil and violent protests unleashed in some of our states.
2. Notably among the protesters were young Nigerians who...
