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The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale of premium motor spirit as promised by the Chairman of the Dangote Group, Aliko Dangote. Dangote, while speaking at the Africa CEO Forum Annual Summit in Kigali, Rwanda on Friday, assured Nigerians that following the laid-down plans of the Dangote refinery, Nigeria would no longer need to import petrol starting […]
The Federal Government has reaffirmed Commitment in collaborating with state governments to address power supply challenges. This commitment includes supporting states in their transition to more active involvement in the electricity market, in line with the Electricity Act of 2023. Vice President Kashim Shettima stated this at the power sector stakeholders interactive dialogue/workshop organised by the House of Representatives’ Committee on Power, held in Abuja. According to the […]
The Central Bank of Nigeria has said it is raising dollar supply in the foreign exchange market, just as it also lifted the ban on 43 items that were previously not qualified for forex at the official market. The decision came after the naira tumbled to 1,050/$ at the parallel market on Thursday, following pressure from international organisations and experts. The PUNCH earlier noted that despite unifying exchange rates, the […]
