The Nigerian National Petroleum Corporation (NNPC) has said there will be no increase in the pump price of petrol until it completes its negotiations with organised labour. The group general manager, group public affairs division of NNPC, Kennie Obateru, disclosed this in a statement released on Friday, March 26. This development comes hours after…
Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has hinted on Premium Motor Spirit also known as Petrol selling between N211 and N234 per litre. Kyari who spoke at the ministerial briefing at the Presidential Villa in Abuja on Thursday March 25, said the NNPC can no longer bear the burden of underpriced sales…
Tesla CEO, Elon Musk has announced that people can now buy Tesla electric vehicles in the U.S. with bitcoin. “You can now buy a Tesla with Bitcoin,” the chief executive – and self-named “Technoking of Tesla” tweeted on Wednesday, March 24. Musk also went on to clarify in another tweet that Tesla will…
Chairman of Cross River state chapter of the Nigeria Labour Congress (NLC), Comrade Ben Ukpekpi has been reportedly kidnapped. Ukpekpi was kidnapped while standing in front of his house at CROSPIL Estate, Akpabuyo, in the outskirt of Calabar with his wife around 8pm on Sunday March 21. It was gathered that they took him through…
Managing Director of Nigeria Ports Authority (NPA), Hadiza Bala Usman has announced that export cargoes have been barred from Lagos ports for two weeks. Speaking in an interview on Radio Now 95.3 FM, Hadiza said the new directive which became necessary to preventing parking on port access roads, is effective from Monday March 22. She said;…
The Minister of States for Petroleum, Timipre Sylva has rejected the increase in the price of petrol as announced earlier by the Petroleum Products Pricing Agency (PPPRA). Recall that after the Nigerian National Petroleum Corporation restated that the price of petrol has not been increased following an outcry the report incited, the PPPRA deleted the post from its…
OAP Nedu has cried out after being served an estimated electricity bill of N1.4m. The media personality who called out Eko Electricity Distribution Company over the bill, stated that he doesn’t have a factory in his house that will make him get such bill. Nedu wrote; @ekedc you people should kuku come and…
Billionaire, Elon Musk bounced back strongly to become the world’s richest man after a daily gain of $9.81 billion on Wednesday, February 24. Tesla, Musk’s company surged back to $190 billion, after the electric car company’s shares recorded impressive gains of 6.18%, thereby putting the market value of Tesla at $712 billion coupled with the…
The Central Bank of Nigeria is maintaining its stand on the ban on Cryptocurrency. The governor of the apex bank, Godwin Emefiele, who appeared before the Senate Joint Committee on Banking, Insurance, and other financial institutions on Tuesday, February 23, said that money laundering, terrorism financing, and other criminal activities were being carried out…
Former Minister of Agriculture and President of the African Development Bank Group, Dr. Akinwumi Adesina has said that the restructuring of Nigeria should be driven by economic and financial viability. In a public lecture titled ‘Toward a New Nigeria From Federal Fatherism to a Commonwealth’ and delivered virtually from the base of the African…
