Headlines

Port Harcourt refinery produces kerosene, diesel, 1.4m liters of PMS daily – NNPCL

Published Nov 27, 2024 By Sam Kutos The Nigerian National Petroleum Company Limited, NNPCL, says the revived 60,000 barrels-per-day Port Harcourt Refinery is currently producing at least 1.4 million liters of Premium Motor Spirit, PMS, everyday. Contrary to insinuation from some quarters that the facility is not producing any product, NNPCL in a statement issued…

Read More

Nigerians enraged as FG moves to acquire new presidential jets

Newspointer June 23, 2024 By Sani Mu’azu The House of Representatives Committee on National Security and Intelligence recently stirred the hornet’s nest when it asked the Federal Government to purchase two new aircrafts for President Bola Tinubu and Vice-President Kashim Shettima. Nigerians went wild with anger when the committee’s recommendation came to the public knowledge….

Read More

Tinubu’s government admits return of fuel subsidy, to spend N5.4 trillion in 2024

Newspointer June 6, 2024 By Sam Kutos After months of persistent denials, the federal government under President Bola Ahmed Tinubu has finally acknowledged that Africa’s largest oil-producing nation will allocate up to N5.4 trillion for oil subsidies in 2024. This figure is a sharp increase from the N3.6 trillion spent in 2023 and N2.0 trillion…

Read More

Minimum wage: N494,000 Demand by Organized Labour will Cripple Economy – Nigerian Govt

Newspointer June 2, 2024 By Sam Kutos The Nigerian Government has said the N494,000 new minimum wage proposed by the organized labour is capable of crippling Nigeria’s economy. The Minister of Information and National Orientation, Mohammed Idris disclosed this during a press briefing in Abuja while reacting to organized labour demand and indefinite strike action….

Read More

KANO: Dawanau Int’l Grains Market Lauds IDB Support, Vows to Develop Website

Newspointer May 9, 2024 By Salihu Ali, Kano The Dawanau International Grains market development Association has Commended the Support being received from the Islamic Development Bank and other donor agencies which uplifted the status of Market to the international community. The president of the Dawanau Grains Market development Association Alhaji Muttaka Isa made commendation in…

Read More

Kano State Govt will Sanction companies producing Substandard materials – Water Resources Minister

Newspointer May 1, 2024 By Salihu Ali, Kano The Nigeria government says, it will sanction substandard products used for water supply and irrigation farming programs. The County’s Water Resources Minister and Sanitation Professor Joseph Utsav made this known in Kano Northwest Nigeria when he visited the Panar Limited, producers of pipes and other fittings used…

Read More

Naira Could Trade Below N1,000/$, Goldman Sachs Predicts

Newspointer April 13, 2024 By Sani Mu’azu The naira held onto its bullish momentum despite the dollar’s most recent aggressive gains this week, as concerns about persistent inflation remained unabated despite weaker-than-expected March US producer prices. This reinforced the belief that the Federal Reserve would postpone raising interest rates this year, reports Nairametrics. The naira…

Read More

GONET Decry rising poverty… says subsidy removal funds lacks transparency, accountability

Newspointer April 11, 2024 By Willies Ugo, Gombe Gombe Network of Civil Society (GONET) has decried the rising poverty in the land and says Government must urgently turn it’s attention to addressing the severe hardships experienced by citizens across the nation to avoid crisis. The new network, according to it’s Chairman, Ibrahim Yusuf, which recently…

Read More

Easter: Nationwide darkness hits Nigeria as national grid collapsed

Published on March 29, 28, 2024 Daily Post Nationwide darkness hit Nigeria as the national grid collapsed for the fourth time in 2024 amid the Easter holidays. According to sources from electricity distribution companies in Nigeria, the grid collapsed around 4:30 pm on Thursday. Kunle Olubiyo, the president of Nigerian Consumer Protection Network, confirmed the…

Read More

More hardships for Nigerians as inflation hits 31.7%, worse in 28years

Published on March 16, 2024 Vanguard Consumer prices remain stubbornly elevated in Nigeria, as the February Consumer Price Index (CPI) reading otherwise known as inflation, released yesterday by the National Bureau of Statistics (NBS) indicated that headline inflation scaled by 1.8 percentage points (ppts) to 31.7%, the highest level since April 1996. The inflation rate,…

Read More