Business

Refinery: My Friend Who Warned Me Against Investing In Nigeria Now Laughs

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The President of Dangote Group, Aliko Dangote, has disclosed that his friend who earlier warned him against investing in Nigeria is now taunting him for ignoring his advice. Dangote disclosed this in an interview with newsmen on Sunday just as reports quoted the Nigerian Midstream and Downstream Petroleum Regulatory Authority as claiming that diesel from […]

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Frustration: Dangote Voices Out On Selling Refinery To NNPCL

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The President of Dangote Group, Aliko Dangote, has said that he will sell the Dangote Refinery to the Nigerian National Petroleum Corporation Limited. Speaking in an exclusive interview with Premium Times on Sunday, the businessman expressed his willingness to sell the refinery to address allegations of monopoly in the industry. He stated that if the

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NNPCL Gives New Update For Petrol Stations

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The Nigerian National Petroleum Company Limited says fuel stations are to operate longer hours for the supply and distribution of petrol, calling on fuel stations to aid availability given the current tight situation. The company said the turnaround period of Premium Motor Spirit trucking is also elongated to ease the situation being witnessed. The Executive

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NDIC Boss Urges Bankers To Pay Attention To Cybersecurity Levy

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The Chief Executive Officer of the National Deposit Insurance Corporation, Bello Hassan, has urged bankers in the country to pay attention to cybersecurity. He stated this on Friday at the swearing-in ceremony of Professor Pius Olanrewaju as the 23rd president/chairman of the council of the Chartered Institute of Bankers of Nigeria in Lagos. “In this

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Filling Station Accused of Exploiting Customers amid Fuel Scarcity

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A Total filling station in Idi-Iroko, Lagos State, has been called out for allegedly compelling customers to pay extra money for fuel being sold. In a now-viral video shared on TikTok on Tuesday, several customers with jerry cans were seen waiting for their turn to get fuel. According to the video, customers were being charged

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Video: Ibadan Journalist Interviews Residents Over Fuel Scarcity

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Its been a week that Nigerians have been troubled over the continuous existence of fuel Scarcity in the country. This development has led to many , finding it difficult to cope with the situation as price of petrol is at an increasing rate. While speaking with newsmen earlier in the week as regards the high

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Hardship: Petrol Hits N800 As NNPCL Offloads 240 Million Litres

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The Nigerian National Petroleum Company Limited on Monday began offloading 240 million litres of Premium Motor Spirit, otherwise called petrol, as it stepped up efforts to tackle the worsening nationwide petrol scarcity. As the NNPCL began offloading petrol, filling stations sold the product at an average price of N800 per litre in various locations. it

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Abuja Supermarket Shuts Company After Media Investigation

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The Abuja-based Chinese supermarket criticised for refusing to allow Nigerians to shop in its facility is currently closed according to a report gathered by The Communicator’s blog. On Monday at 9.10 am , it was observed that the grocery store was closed with an anti-theft padlock. Earlier on Sunday, Nigerians had expressed outrage over a

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