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The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, said Dangote Refinery would buy Nigeria’s crude oil in Naira and also sell petrol to Nigeria in naira when it commences production.
The Minister of Mines and Steel Development, Arc Olamilekan Adegbite, Saturday, urged mining companies to prioritize the welfare of host communities for smooth operations.
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says arrangement is being made to enable the Dangote Refinery sell refined crude to Nigeria in naira when it commences production.
Emefiele, said this on Friday, while speaking at a CBN/Bankers’ Committee’s initiative for economic growth, which is a one-day special summit on the economy by bank chief executive officers.
Emmanuel Nwude, a businessman, who was convicted of defrauding a Brazilian bank of $242 million, has denied knowing the source of the funds while testifying on Thursday before an Ikeja Special Offences Court in Lagos State.
On Thursday, February 25, 2021 in a ruling presided over by Justice Giwa Ogunbanjo at the Federal High Court, Abuja, the judge declined jurisdiction to hear suits brought by Oando PLC and its directors against the Securities and Exchange Commission (SEC). The judge stated that the Investment and Securities Tribunal (IST) would be the appropriate forum to hear the matter.
Prosecutors in Malta charged two men on Wednesday with supplying the bomb used to kill journalist Daphne Caruana Galizia.
Manchester City equalled the Champions League record of rivals Manchester United, following their 2-0 win at Monchengladbach in Wednesday’s first-leg tie in Germany.
The last has not been heard of the face-off between the federal government and Niger Delta militants over the continual marginalization of the people of the Niger Delta region.
Vince Muscat, one of three men accused of murdering Maltese investigative journalist Daphne Caruana Galizia in 2017, was sentenced to 15 years in prison on Tuesday after changing his plea to guilty.
In his quest to facilitate a common front in the build up to the making of a new constitution for The Gambia; Nigeria’s immediate past President, Dr. Goodluck Jonathan is playing host to the country’s top political leaders in Abuja.
The disgruntled shareholder, filed that the directive of the SEC suspending Oando's Annual General Meeting is in breach of his right to freedom of association as guaranteed under Section 40 of the Nigerian Constitution and Articles 9, 10 & 11 of the African Charter on Human and Peoples Rights.
The Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, SAN, on Tuesday said virtual assets and cryptocurrencies are risky for implementation in Nigeria.
The Lagos State government has offered to take up 24 per cent of the Tafawa Balewa Square and Lagos International Trade Fair Complex.
A corruption case against former South African President Jacob Zuma and French company Thales related to a $2 billion arms deal will begin on May 17, a court said on Tuesday.
Authorities of the Democratic Republic of the Congo (DRC) on Monday evening identified rebels of the Democratic Forces for the Liberation of Rwanda (FDLR) movement as being responsible for an ambush that killed Italian Ambassador to the country Luca Attanasio.
Supreme Leader Ayatollah Ali Khamenei said on Monday Iran might enrich uranium up to 60% purity if the country needed it and would never yield to U.S. pressure over its nuclear activity, state television reported.
Nigerian government approves N35.4 billion for provision of electricity in Kano, Calabar free trade...
The Federal Government has approved the sum of N35.4 billion for the improvement of electricity infrastructure in both Kano and Calabar Free Trade Zones.
In a bid to secure the release of 27 pupils and 15 workers of Government Science College, Kagara, abducted by bandits during the week, there are indications that the Federal Government may consider releasing arrested bandits in exchange for the schoolchildren.
A former Head of State, Abdulsalami Abubakar, has warned that Nigeria could disintegrate if the violence and other security challenges currently witnessed in many parts of the country are not curtailed.
Former Vice President Namadi Sambo has advocated for a dynamic approach of the Nigerian educational system to produce employees with skills and ability to handle complex jobs and create opportunities for others.
The National Agency for Food and Drug Administration and Control (NAFDAC) says it has busted an alleged illegal maize flour production outfit in Potiskum town of Yobe.
Governor Gboyega Oyetola of Osun State has condemned the ethnic coloration in which the fight against terrorism and insurgency is taking in Nigeria.
Following the Friday abduction of over 300 school children in Jangebe in Zamfara State, Nobel laureate, Prof. Wole Soyinka, on Saturday warned Nigerians against accepting kidnapping of school children in parts of the north as a way of life.
It was a harvest of tributes for a former Chief of Air Staff, late Air Marshall Nsikak Eduok as his remains were laid to rest in his hometown in Ibesikpo Asutan, Akwa Ibom state on Saturday.
Nigerian troops have foiled an attack from Boko Haram and ISWAP and rescued passengers along the Maiduguri-Damaturu highway in the Auno axis of Borno State.
Minister of Works and Housing, Mr Babatunde Fashola, said on Thursday that the Third Mainland Bridge in Lagos undergoing repairs, would be totally reopened to traffic ‘’this weekend’’.
Leipzig capitalised on Bayern's 2-1 defeat at Eintracht Frankfurt 24 hours earlier. A long-range goal by captain Marcel Sabitzer gave second-placed Leipzig a first-half lead in Berlin. A superb second-half strike by defender Nordi Mukiele and a header from centre-back Willi Orban sealed the victory.
Sheffield Wednesday are set to take legal action against Leicester City over the transfer of forward George Hirst.
Chairman/Chief Executive Officer of the National Drugs Law Enforcement Agency, NDLEA, Brigadier-General Buba Marwa (rtd) has expressed regret that the drugs abuse situation in the country is so bad that criminal elements especially kidnappers and armed bandits now ask for payment of ransoms in drugs.