The Federal High Court in Abuja has convicted a Nigerian crypto dealing company, Official Gredo Limited, for illegally conducting USDT to Naira transactions without a banking license. Justice Inyang Ekwo convicted Official Gredo on Wednesday in accordance with the company’s plea bargain arrangement with the Economic and Financial Crimes Commission (EFCC), while ordering the forfeiture…
Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas), has directed the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) and Liquefied Petroleum Gas (LPG) producers to stop LPG export with effect from November 1. Mr Ekpo issued the directive on Tuesday in Abuja at a meeting with stakeholders to address the skyrocketing price and its attendant…
The Federal Government has announced that it has commenced work on the construction of a multi-purpose dam upstream of the River Dura in the Buruku Local Government Area of Benue State to contain the heavy water that flows from that axis. The Deputy Director of Hydrology at the Federal Ministry of Water Resources and Sanitation,…
The Federal Government has called on Nigerians to stop condemning, cursing or speaking evil about their country. Director-General of National Orientation Agency (NOA), Malam Lanre Issa-Onilu, made the call during a stakeholders’ engagement on National Anthem, Identity Project, Values Charter and the Renewed Hope Agenda President Bola Tinubu on Tuesday in Osogbo. Issa-Onilu said that…
The Federal Government has granted permission to petroleum marketers to lift petrol directly from the Dangote refinery without going through the Nigerian National Petroleum Company Limited. This confirms the speculation that the NNPC will no longer be the sole off-taker of the Dangote fuel. In a statement on Friday, the Minister of Finance and Chairman…
The Federal Government has distanced itself from the recent increase in fuel prices, citing the Nigerian National Petroleum Company Limited’s (NNPCL) decision to raise prices in response to prevailing market conditions. The price hike, which saw fuel prices jump from N897 to N1,030 in Abuja, N855 to N998 in Lagos, and similar increases across other…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has approved the construction of a private airstrip at Canaanland, the headquarters of Living Faith Church in Ota, Ogun State. This approval was confirmed by the minister’s media aide, Tunde Moshood, who stated, “Yes, the minister approved the airstrip. It is a private airstrip, and that…
The Federal Government is set to deliver up to 400,000 barrels of Nigerian crude oil daily to the Dangote refinery under its naira-for-crude agreement, a report by Bloomberg stated on Monday. It said this significant development is expected to take place over the next two months, amounting to 24 million barrels of Nigerian supply between…
The Academic Staff Union of Universities, (ASUU) has vowed to down tools after the expiration of the 14-day Ultimatum given to the Federal Government to meet their demands. Briefing Journalists, in Calabar, the Zonal Coordinator, ASUU Calabar Zone, Comrade Happiness Uduk who read a jointly signed release by all Chairpersons of the zone said that…
The Federal Government, through the Presidential Compressed Natural Gas Initiative (PCNGi), will begin the distribution of 2,000 CNG-powered tricycles to youths in the transportation sector across Nigeria starting October 1st, 2024. The initiative aims to distribute 2,000 CNG-powered tricycles to youths in the transportation sector across the country, as part of efforts to address rising…