Economy
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NIMC, NDPC begin probe into alleged breach of data
Minister of Communications, Innovation and Digital Economy of Nigeria, Bosun Tijani, has disclosed that investigation has commenced into the alleged breach of data of Nigerians domiciled at the National Identity Management Commission (NIMC). In a post on X (formerly Twitter) on Wednesday, the minister said the NIMC and National Data Protection Commission (NDPC) have commenced a probe into the matter.…
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NNPCL uncovers additional 165 illegal refineries in Niger Delta
In its fight against crude oil theft in the past week, the Nigerian National Petroleum Company Limited said it uncovered another 165 illegal refineries in various locations across the Niger Delta. An NNPCL documentary recorded between June 15 and 21, said about 400 incidents of oil theft and vandalism were reported by both the government and private security agencies. It…
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FG solicits for more bilateral cooperation with AFD
The Federal Government has solicited for more bilateral cooperation with Agence Francaise de Development (AFD) in their areas of comparative advantage. This was made known by the Honourable Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu during a courtesy visit on him by the Agence Francaise de Development Group (AFD) Mission Executive in Nigeria today in Abuja. The…
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UPDATED: Dangote Refinery contains fire at effluent treatment plant
The management of Dangote Refinery said that has contained minor fire at its effluent treatment plant. WESTERN POST had report that there was a fire outbreak at a section of Dangote Refinery located in Ibeju-Lekki, Lagos State, on Wednesday, revealing that the sound of an explosion can be heard in a viral video footage. Responding, Group Chief Branding & Communications…
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Nigeria takes giant leap in connectivity with $2bn fibre-optic project
As part of efforts towards positioning Nigeria as Africa’s third-largest terrestrial fibre-optic infrastructure in Africa, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, on Tuesday in Abuja, addressed the Fibre Forward Strategic Development Workshop, organized by the Federal Ministry of Communications, Digital Economy and Information Technology (FMCIDENigeria). Director, Information and Public Relations, Minister of…
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Fire guts a section of Dangote Refinery
There was a fire outbreak at a section of Dangote Refinery located in Ibeju-Lekki, Lagos State, on Wednesday. A trending video shows a cloud of thick smoke billowing into the sky from the facility. The sound of an explosion can also be heard in the footage. The cause of the fire is still unknown. Anthony Chiejina, the Group Chief Branding…
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Court stops IKEDC, NERC from implementing new tariff
The Federal High Court sitting in Lagos has restrained Ikeja Electric PLC and the Nigerian Electricity Regulatory Commission (NERC) from implementing the purported tariff stipulated in the April 2024 Supplementary Order on Tariff Increase On ‘Bank A’ Feeders. In a ruling on Tuesday, the court held that the tariff comprises those published by Ikeja Electric on April 4, 2024, and/or…
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Nigeria’s N24 trillion debt is normal, within limit, says Debt Management Office
The Debt Management Office said the rise in Nigeria’s public debt stock from N97.34 trillion in December 2023 to N121.67 trillion in March was partly due to exchange rate fluctuations. The Director-General of DMO, Patience Oniha, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. She clarified misconceptions about the recently released update…
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Tinubu Govt does not rely on Ways & Means to pay salaries, says Wale Edun
Kunle Sanni The Minister of Finance, Wale Edun says the administration of President Bola Tinubu does not rely on Ways & Means to pay salaries and to finance external debt service. He said the administration has adopted and implemented a robust campaign to source for funding. Edun made these remarks while addressing state house correspondents about his presentation at the…
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Nigeria’s N121.67trn debt within limit, says DMO
The Debt Management Office (DMO) said the rise in Nigeria’s public debt stock from N97.34 trillion in December 2023 to N121.67 trillion in March was partly due to exchange rate fluctuations. The Director-General of DMO, Patience Oniha, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja. She clarified misconceptions about the recently released…
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