The Trade Union Congress (TUC) has called on the federal government to revert petrol prices to their June 2023 rates. The union made the call a day after the Nigerian National Petroleum Company (NNPC) Limited increased the pump price of petrol at all its retail outlets.Before President Bola Tinubu’s announcement of the removal of…
The Central Bank of Nigeria (CBN) has disclosed that it sold a total of $543.5 million to authorized dealer banks in the Nigerian Foreign Exchange Market (NFEM) from September 6 to 30, 2024. The bank stated that this intervention aimed to mitigate market volatility caused by rising demand for foreign exchange (FX), particularly driven…
JPMorgan Chase CEO Jamie Dimon has not endorsed former President Donald Trump, the financial giant clarified on Friday, following a false claim by Trump on social media. The denial came after Trump posted on Truth Social, inaccurately stating that Dimon had endorsed him for the 2024 presidential election. “Jamie Dimon has not…
Meta CEO, Mark Zuckerberg has surpassed retailer Amazon’s Jeff Bezos as the world’s second richest person. Zuckerberg’s net worth rose to $206 billion on Friday, a new record for him, behind electric car manufacturer Tesla CEO Elon Musk ($256 billion), according to the Bloomberg Billionaires Index. Jeff Bezos came third at $205 billion with a…
Nigeria’s local currency, the naira, has been ranked among the 10 worst-performing currencies in the world, according to a report by Bloomberg. The report highlights that five of the worst-performing currencies globally are from Africa, including the Zambian kwacha, Angolan kwanza, and the naira. The decline in the performance of African currencies has…
A coalition of Civil Society Organisations (CSOs) and the Nigeria Civil Society Situation Room (NCSSR), say politicians bought votes from electorates at the Edo state governorship election with as low as N5000 and a loaf of bread. “Situation Room observers reported widespread instances of blatant vote buying and selling across several polling units, despite…
The Central Bank of Nigeria (CBN) has expressed concerns over the country’s foreign exchange reserves, citing potential risks stemming from the removal of the petrol subsidy and lower crude oil earnings. As of September 12, 2024, Nigeria’s external reserves stood at $36.08 billion, according to CBN data. In its newly published ‘Monetary, Credit, Foreign…
The Nigerian National Petroleum Company Limited (NNPCL) has announced it purchased petroleum from Dangote Refinery at a rate of N898 per litre. NNPCL said it dispatched about 300 trucks to the 650,000-barrels-per-day capacity refinery in Lagos on Saturday, September 14, with loading operations commencing today, Sunday. Majority of Nigerians have been hopeful that the…
A statistic has been released that shows that OnlyFans content creators made more than the entire NBA players last year. OnlyFans content creators made well over a billion dollars more than elite basketball players, showing just how lucrative a career selling explicit videos can be. Basketball Forever found that in 2023, OnlyFans creators…
Marketers of petroleum products in Nigeria reportedly wrote to President Bola Tinubu to complain that the price of Dangote Refinery’s diesel, which is at N900 per litre, is negatively affecting their businesses. Devakumar Edwin, Vice President, Dangote Industries Limited, disclosed this on a Twitter Spaces session organized by Nairametrics. “Petroleum product marketers in Nigeria…
