September 24, 2025-Published by Cyril The United States government has imposed new restrictions on Iranian officials attending the United Nations summit in New York, barring them from purchasing luxury items and bulk household goods during their stay. According to a notice published in the Federal Register on Tuesday, Iranian diplomats and visiting officials will no…
September 23, 2025-Published by Cyril The Central Bank of Nigeria (CBN) has confirmed that 14 banks have successfully met the new capital requirements under the ongoing recapitalisation exercise, aimed at strengthening the financial sector. The disclosure was made on Tuesday in Abuja by the CBN Governor, Yemi Cardoso, while presenting the communiqué from the 302nd…
September 23, 2025-Published by Cyril The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) to 27.00 per cent, marking the first rate cut since 2020. This decision was announced by CBN Governor Olayemi Cardoso on Tuesday in Abuja after the conclusion of the 302nd Monetary Policy Committee (MPC) meeting. Cardoso explained…
September 12, 2025-Published by Cyril Nigeria’s leading airline, Air Peace, has reacted strongly to the preliminary report released by the Nigerian Safety Investigation Bureau (NSIB), which alleged that some members of its flight crew tested positive for alcohol and drugs after the July 13, 2025, Port Harcourt incident. The report, which followed the incident involving…
September 12, 2025-Published by Cyril The Nigerian Safety Investigation Bureau (NSIB) has confirmed that members of an Air Peace flight crew tested positive for alcohol and hard drugs after a runway incident involving the airline’s Boeing 737-524 aircraft at the Port Harcourt International Airport on July 13, 2025. According to the preliminary report signed by…
September 12, 2025-Published by Cyril The lingering dispute between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Dangote Refinery may be easing after both parties recommitted to their earlier Memorandum of Understanding (MoU) during a meeting at the Department of State Services (DSS) headquarters in Abuja on Friday. Sources revealed that stakeholders,…
September 12, 2025-Published by Cyril The Department of State Services (DSS) has summoned the management of Dangote Refinery and Petrochemicals alongside the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to an emergency meeting amid rising tensions over an alleged breach of a labour agreement. The meeting, scheduled for 3 p.m. on Friday, will…
September 8, 2025-Published by Cyril The Federal Government has appealed to the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Dangote Group to embrace peace and dialogue in resolving their ongoing dispute, stressing that the matter is crucial to Nigeria’s peace, stability, and economic well-being. Minister of Labour and Employment, Muhammad Maigari…
September 8, 2025-Published by Cyril The Dangote Petroleum Refinery has firmly denied reports suggesting it plans to shut down its petrol unit for up to three months. The clarification comes after Reuters cited industry monitor IIR Energy, which claimed the refinery’s 204,000 barrels-per-day Residue Fluidised Catalytic Cracking Unit (RFCCU) was shut following catalyst leaks. Reacting…
September 7, 2025-Published by Cyril The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has declared that its planned nationwide strike scheduled for Monday, September 8, 2025, will go ahead despite opposition from stakeholders. In a strongly worded statement signed by its President, Williams Akporeha, and General Secretary, Afolabi Olufemi, the union alleged that…
