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Article 'Aliko Dangote Reveals $23B Refinery Project Was "Biggest Risk" of His Life'- Nigeria News
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The Dangote Refinery is set to import 12 million barrels of US crude in February to address shortfalls in local supply. The $20 billion facility targets full capacity by mid-2025, with storage expansion underway to support operations. The naira-for-crude policy aids procurement but relies...
Zenith Bank has raised ₦350.46 billion via a hybrid offer, surpassing the Central Bank of Nigeria's ₦500 billion capital requirement. The funds will support expansion, technology investments, and growth initiatives, solidifying the bank's leadership in Nigeria's financial sector and meeting...
Nigerian Minister Nentawe Yilwatda claims politicians are pressuring to manipulate the cash transfer register for political gain. Stressing transparency, the government mandates NIN and BVN for digital transfers, with CSOs verifying payments. Out of 19.8 million on the social register, only 1.2...
The Nigeria Civil Aviation Authority (NCAA) reports that Air Peace and Aero Contractors compensated passengers for disruptions in 2024. Air Peace refunded 1,901 passengers for issues like downgrades and maintenance, while Aero Contractors reimbursed 20 passengers. The compensations included...
The Federal Government of Nigeria has begun recruitment for various positions within the Federal Civil Service. Eligible Nigerians can apply through the Federal Civil Service Commission (FCSC) portal, with a deadline of March 10, 2025. Applicants must submit relevant documents and apply for only...
The Federal Civil Service Commission (FCSC) has commenced recruitment for various positions within Nigeria's Federal Civil Service. Eligible applicants can apply via the official portal, with a deadline of March 10, 2025. The recruitment process requires candidates to submit essential documents...
The Nigerian government has directed examination bodies like WAEC and NECO to include candidates' NIN, date of birth, and photographs on certificates to combat malpractice. Announced by Education Minister Dr. Alausa, the initiative aims to enhance security, eliminate identity theft, and...
The naira posted slight gains in Nigeria’s official market, appreciating N1,548.59 against the U.S. dollar. Meanwhile, the U.S. Dollar Index dropped to monthly lows due to expected U.S. Federal Reserve rate cuts. Central Bank Governor Cardoso credits forex reforms for the naira's stability.
On...
The black market exchange rate for the dollar to naira is currently pegged at N1655 for buying and N1660 for selling. While the Central Bank of Nigeria (CBN) offers a lower official rate, many Nigerians continue to engage in parallel market transactions due to accessibility and demand.
As of...
The Nigerian government is set to launch an aircraft manufacturing facility, with a focus on components like wings and tires. This initiative aims to position Nigeria as a regional aviation hub, creating jobs and enhancing the country's aviation sector. XeJet’s new MRO facility in Abuja is a key...
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