An Oil and Gas expert, Mr Emmanuel Iheanacho, says the improvement observed in the value of the naira, would not bring about an automatic reduction of petroleum pump price. Iheanacho, Chairman, Integrated Oil and Gas Ltd, said in an interview on Tuesday in Lagos. He said that the clarification became necessary against the backdrop of the ongoing insinuations that the reduction in forex would reflect on sales of petrol. According to him, this is because the price of gasoline at the pumps is not fully determined by market mechanisms such as exchange rate parities among others. “Regardless of the landing…
Author: Editor
Japanese carmaker Nissan Motor plans to introduce its e-power hybrid technology car in Tunisia, its Africa head said on Tuesday, as part of plans to test demand in the African market for electric vehicles.
WikiLeaks founder Julian Assange’s extradition to the United States from Britain was put on hold on Tuesday after London’s High Court said the United States must provide assurances he would not face the death penalty.
Kebbi state governor, Nasir Idris on Tuesday, kick-started the 2023/2024 dry season aerial spray to control transboundary quelea birds in the 12 frontline states.
The Kaduna State Ministry of Health, on Tuesday, said the state recorded 32,297 tuberculosis cases in 2023.
Kano state governor, Abba Yusuf on Tuesday requested the state assembly to approve the creation of four new ministries.
About 2 million people in areas affected by the insurgency in Borno have been reconnected to clean and safe drinking water. The General Manager, Borno Rural Water Supply and Sanitation Agency (RUWASSA), Dr Mohammed Aliyu, disclosed this on Tuesday in Maiduguri at an event focused on clean water supply in the state. Aliyu said that with the improvement in peace in the state where insurgency led to the destruction of water facilities worth billions of naira, the state government had made remarkable strides in rural water supply. “Over 218 hybrid boreholes have been constructed across the state alongside numerous free-flow…
The PSC mid last year formally relocated to its corporate headquarters in Jabi, Abuja, an imposing edifice that took the uncanny determination of Dr. Solomon Arase, CFR, the 18th Inspector General of Police who was barely two weeks in office as the 5th Chairman of the Commission, to see to reality. It was clear 12 years after the construction of the building began during the tenure of Parry Osayande, retired Deputy Inspector General of Police as Chairman.
The Monetary Policy Committee (MPC) of the CBN raised Monetary Policy Rate (MPR) – inter-bank loan interest rate – by 200 basis points, to 24.75 percent from 22.75 percent on Tuesday. MPR is a short-term, often overnight rate that banks charge one another to borrow funds. The MPC is the highest policy-making body within the CBN responsible for formulating and implementing monetary and credit policies for the country. It plays a crucial role in regulating the Nigerian economy by influencing key economic indicators like inflation, interest rates, and exchange rates. Governor of the CBN, Mr Yemi Cardoso, announced the raise in a…
Ogun state Government on Tuesday inaugurated a Health Data Governance Council (HDGC) to strengthen health information and quality data for healthcare development.