Tyrese Haspil, a 25-year-old former assistant, has been sentenced to 40 years to life in prison for the murder of Fahim Saleh, the 33-year-old founder and CEO of Nigerian transportation company Gokada. The sentencing took place two months after Haspil was convicted by a New York State Supreme Court jury. Saleh was murdered in his […]
Category archives: News
CBN Directs PoS Operators to Use Licensed Aggregators within One Month
The Central Bank of Nigeria (CBN) has issued a directive mandating all Point of Sale (PoS) operators to route their transactions through licensed Payment Terminal Service Aggregators (PTSAs) within the next month. This move aims to enhance the tracking and management of electronic transactions in Nigeria. According to a circular posted on the CBN’s website, […]
IPMAN Sets Condition for Purchasing Petrol from Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has signaled its willingness to buy Premium Motor Spirit (PMS) from Dangote Refinery, provided the price is competitive compared to current rates. IPMAN President, Abubakar Maigandi, stated that while his members are open to purchasing petrol from the Dangote facility, they are awaiting details on the pricing. […]
Dangote Refinery Forced to Export 95% of Petrol Due to Local Market Challenges
Dangote Refinery has revealed that it is compelled to export between 95% and 97% of its Premium Motor Spirit (petrol) due to insufficient demand from local marketers. Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, shared this information during an X Space session organized by Nairametrics on Wednesday. He highlighted that […]
Rivers Lawmakers Accuse Governor Fubara of Illegally Creating New Agency
The Rivers State House of Assembly, led by Martin Amaewhule, has accused Governor Siminalayi Fubara of unlawfully establishing the Rivers State Investment Promotion Agency. The lawmakers assert that the creation of this new agency is not sanctioned by any existing law. In a statement issued by the media aide to the Speaker, Martins Wachukwu, the […]
NNPC Requests Permanent Office Space at Dangote Refinery as Part of Crude Oil Supply Agreement
The Nigerian National Petroleum Corporation (NNPC) Limited has requested dedicated office space for 10 of its staff at the Dangote Refinery as part of a crude oil supply agreement. During a discussion hosted by Nairametrics on the topic “Unlocking How Dangote Refinery Shapes Price,” the Vice President of Oil & Gas at Dangote Group, Devakumar […]
Nenadi Usman Reveals How Labour Party Avoided Deregistration by INEC
Senator Nenadi Usman, Chairman of the Labour Party National Caretaker Committee (LP-NCC), has disclosed how the party narrowly avoided deregistration by the Independent National Electoral Commission (INEC). According to Usman, the Labour Party faced the possibility of being de-registered, a move that was averted through the intervention of party leaders during a crucial September 4 […]
Fuel Marketers Urge Dangote Refinery to Disclose Petrol Prices Amid Growing Anxiety
Local petroleum marketers in Nigeria are pressing Dangote Refinery to reveal the price of its petrol, as they are eager to begin purchasing from the facility. The President of the Petroleum Products Retail Outlets Owners Association (PPROOA), Gillis-Harry, emphasized the need for transparent communication regarding the pricing, stating that marketers cannot rely on unverified claims […]
Black Market Dollar to Naira Exchange Rate on September 13, 2024
The dollar to naira exchange rate at the black market, also known as the parallel market (Aboki fx), has been released for Thursday, September 12, 2024. According to sources at the Lagos Parallel Market (Bureau De Change), traders buy a dollar for ₦1,660 and sell it for ₦1,665. However, it’s important to note that the […]
IMF Urges Tinubu to Strengthen Social Protection Amid Fuel Price Hike
The International Monetary Fund (IMF) has urged President Bola Tinubu to bolster social protection measures for Nigeria’s most vulnerable citizens in response to the recent hike in fuel prices and ongoing flooding issues. Christian Ebeke, the IMF’s Resident Representative in Nigeria, highlighted the need for accelerated support during an interview on Arise Television. With the […]