Tinubu Replaces Jalal Arabi Amid NAHCON Probe President Bola Tinubu has fired Jalal Arabi, as Executive Chairman of the National Hajj Commission of Nigeria (NAHCON). Ajuri Ngelale, Presidential spokesman, disclosed this in a statement in which he announced Professor Abdullahi Saleh Usman as the new Chairman...

NNPC Records N3.3trn Profit for 2023 The Nigerian National Petroleum Company (NNPC) Limited has declared a profit of N3.3 trillion for the fiscal year 2023. Pius Akinyelure, chairman of the NNPC board, spoke during a media briefing on the company’s 2023 audited financial statements (AFS) on...

FG to Commence Crude Oil Sale to Dangote, Others October The federal government says the sale of crude oil to the Dangote refinery in naira will commence on October 1. The ministry of finance, in a statement on Monday, said the decision was made at a...

FG Recovers N6bn from Four-Year Ports Dispute Settlement The Federal Government through the Nigerian Shippers’ Council, said it recovered the sum of N6.1bn from dispute settlements at the ports between 2019 to 2023. It said a total of N6.1bn was saved and recovered by the council...

FG Moves N150bn Business Loan Disbursement to September The Federal Government has shifted the start of the N150 billion loan disbursement for manufacturers and micro, small, and medium enterprises until September. The Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, confirmed this during a meeting...

NNPC Refutes $6.8bn International Oil Debt Allegation The Nigerian National Petroleum Company (NNPC) Limited says it does not owe international oil traders $6.8 billion. Reports had said the company is indebted to international oil traders to the tune of $6.8 billon and that it has not...