The African Export-Import Bank (Afreximbank) has confirmed an initial disbursement of $2.25 billion out of the $3.3 billion crude oil prepayment facility recently approved for Nigeria.

The long-awaited credit support seeks to ameliorate the acute FX shortage in the country which has constrained economic activities and doused investors’ confidence.Also earlier in December, President Bola Tinubu had assured Nigerians of the commitment of his administration to resolve the FX backlogs through the injection of funds into the market A statement by Afreximbank…

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The Dangote Petroleum Refinery has sought the approval of the Federal Government to hit the domestic market with diesel and aviation fuel.

The approval is expected from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, which is responsible for the regulation of midstream and downstream petroleum operations in Nigeria. The refined products are currently stored in the refinery’s storage tanks while awaiting approval. In a statement, the company stated: “We have started the production of diesel…

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INFANTILE CALL FOR SOLUDO’S RESIGNATION AND POLITICISATION OF SECURITY IN ANAMBRA, SOUTH-EAST

When one read the statement from the so-called Coalition of South East Youth Leaders, COSEYL, demanding Prof. Chukwuma Soludo, the governor of Anambra State, to step down due to his purported incapacity to address security concerns in the state, one was taken aback. The call was ostensibly in response to Thursday night’s vicious attack in…

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Airlines to compensate passengers for delayed or cancelled flights from 2024 – Aviation Minister – Keyamo

The Minister of Aviation and Aerospace, Festus Keyamo, has said regulators will force airlines to compensate passengers for delayed or cancelled flights from January 2024. Keyamo spoke while appearing before the National Assembly joint committee on aviation to defend his ministry’s budget for the 2024 fiscal year. He said: “I said on a weekly basis,…

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FEW YEARS BACK, GOODS NOT MADE IN JAPAN WERE CALLED ‘TAIWAN’.

Whenever regulatory agencies and law enforcement bodies in Nigeria identify and nab counterfeiters, whether of foods and beverages or designer brands, phones, electronics or pharmaceuticals, we should not just send them to jail and throw away the keys. Instead, we should have an agency to legitimise these people. If you can counterfeit the real thing,…

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Odengene Air Shuttle Acquires New Leonardo AW-139 To Boost Offshore Operations

Odengene Air Shuttle (OAS) Helicopters; an offshore and allied aviation services company, has announced acquisition of a new equipment, 2023 model Leonardo AW-139. OAS, one of the leading indigenous helicopter companies with many years of experience, known for efficiency, safety and a multi-services provider in the sub-sector in a statement issued on Friday, said that…

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Abia State Govt Dismantles Lokpanta Cattle Market For Harbouring Kidnappers, Demolishes 160-Room Brothel

The Abia government says it cleared out the Lokpanta cattle market and condemned Hausa community leaders for condoning criminals and peddling untruths about the state government. The special adviser to the governor on security matters, Macdonald Ubah Rtd, said during a press briefing at the Government House, Umuahia, that Governor Alex Otti’s administration would make…

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_PLACES YOU CAN FIND ROWE IN ABUJA_: ROWE Motor Oil is a 100% German made lubricant, with 80-85% high base oil level which improves your vehicle engine performance, with local customers in over 80 countries of the world, ranked among the top ten best lubricants in Sports Auto Magazine.

ROWE is a HighTech, Synthetic, Premium motor oil, founded in 1995 by MICHAEL ZEHE AND DR. ALEXANDRA KOHLMANN as co-founders/CEO. ROWE motor oil embodies traditional values, with local customers in over 80 countries of the world, ranked among the top ten best lubricants in Sports Auto Magazine. We have currently available in Nigeria the following…

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