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- March 3, 2025
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Fubara dismisses impeachment rumour, Rivers elders caution FG
Rivers State Governor, Siminalayi Fubara, on Sunday, dismissed fears of impeachment following Friday’s Supreme Court judgment recognising the 27 lawmakers loyal to ex-governor Nyesom Wike. In its far-reaching verdict on Friday, the apex court ordered the Federal Government to stop financial allocation to Rivers State until Fubara retraces his steps and presents the budget to
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Rivers State Governor, Siminalayi Fubara, on Sunday, dismissed fears of impeachment following Friday’s Supreme Court judgment recognising the 27 lawmakers loyal to ex-governor Nyesom Wike. In its far-reaching verdict on Friday, the apex court ordered the Federal Government to stop financial allocation to Rivers State until Fubara retraces his steps and presents the budget to
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- March 3, 2025
- 34 views
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ATMs loaded with cash as N100 withdrawal fee begins
Banks are loading their ATMs with cash as they commenced charging N100 for transactions on March 1. The Central Bank released the revised ATM transaction fees in a circular dated February 10, 2025. Under the revised fee structure, withdrawals from one’s bank ATMs will remain free of charge. However, customers using ATMs of other banks
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Banks are loading their ATMs with cash as they commenced charging N100 for transactions on March 1. The Central Bank released the revised ATM transaction fees in a circular dated February 10, 2025. Under the revised fee structure, withdrawals from one’s bank ATMs will remain free of charge. However, customers using ATMs of other banks
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- March 3, 2025
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How buyers will get N65/litre refund — Dangote refinery
The Dangote Petroleum Refinery has announced that it will refund customers who purchased Premium Motor Spirit (petrol) at rates higher than the advertised prices from any of its key partners – Ardova Plc, Heyden, or MRS – across Nigeria. The company said this move follows the refinery’s recent reduction of its gantry price from N890
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The Dangote Petroleum Refinery has announced that it will refund customers who purchased Premium Motor Spirit (petrol) at rates higher than the advertised prices from any of its key partners – Ardova Plc, Heyden, or MRS – across Nigeria. The company said this move follows the refinery’s recent reduction of its gantry price from N890
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- March 3, 2025
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Osun crisis: LG workers rule out resumption, demand February salary
Local government workers in Osun State have ruled out an immediate return to work, insisting that only directives from the Nigeria Labour Congress and the National Union of Local Government Employees can determine their resumption. The workers were instructed to stay away from their offices on February 16 by the leadership of NULGE and the
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Local government workers in Osun State have ruled out an immediate return to work, insisting that only directives from the Nigeria Labour Congress and the National Union of Local Government Employees can determine their resumption. The workers were instructed to stay away from their offices on February 16 by the leadership of NULGE and the
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- March 3, 2025
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Airlines protest N’Assembly’s knocks over old aircraft
The Senate Committee Chairman on Aviation, Senator Fatai Buhari, has raised the alarm that Nigeria’s aviation industry is bloated by old aircraft against the practice in developed nations. However, operators, regulators, and other stakeholders dismissed the claim, arguing that the age of an aircraft does not matter; rather, the maintenance of airplanes should be given
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The Senate Committee Chairman on Aviation, Senator Fatai Buhari, has raised the alarm that Nigeria’s aviation industry is bloated by old aircraft against the practice in developed nations. However, operators, regulators, and other stakeholders dismissed the claim, arguing that the age of an aircraft does not matter; rather, the maintenance of airplanes should be given
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- March 3, 2025
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- 1 minute Read
Dangote refinery orders Algerian crude over local shortfall
Refineries in India have turned to Nigeria for the supply of crude oil following a drop in imports from Russia. This came as the Dangote Petroleum Refinery in Lekki, Lagos, has successfully purchased its first shipment of one million barrels of Algeria’s high-quality light sweet Saharan Blend crude Bloomberg reports that India’s crude oil imports
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Refineries in India have turned to Nigeria for the supply of crude oil following a drop in imports from Russia. This came as the Dangote Petroleum Refinery in Lekki, Lagos, has successfully purchased its first shipment of one million barrels of Algeria’s high-quality light sweet Saharan Blend crude Bloomberg reports that India’s crude oil imports
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- March 3, 2025
- 52 views
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FG plans $122bn investment to diversify energy sources
The Federal Government has announced plans to secure a total investment of $122.2bn to diversify the country’s energy sources, reduce dependence on the national grid, and enhance the overall stability and sustainability of the nation’s energy infrastructure. The amount to be raised between 2024 and 2045, representing 21 years, is to ensure energy diversification from
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The Federal Government has announced plans to secure a total investment of $122.2bn to diversify the country’s energy sources, reduce dependence on the national grid, and enhance the overall stability and sustainability of the nation’s energy infrastructure. The amount to be raised between 2024 and 2045, representing 21 years, is to ensure energy diversification from
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- March 3, 2025
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- 1 minute Read
NLC threatens fresh protest against power tariff hike
The Nigeria Labour Congress has vowed to mobilise workers and citizens for a nationwide protest if the Federal Government proceeds with its proposed electricity tariff hike, describing it as “economic violence against the working class and broader Nigerian populace.” This came as the National Union of Electricity Employees warned the Federal Government against plans to
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The Nigeria Labour Congress has vowed to mobilise workers and citizens for a nationwide protest if the Federal Government proceeds with its proposed electricity tariff hike, describing it as “economic violence against the working class and broader Nigerian populace.” This came as the National Union of Electricity Employees warned the Federal Government against plans to
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- March 3, 2025
- 45 views
- 1 minute Read
Naira defies pressure, ends February below N1,500 per dollar
Naira closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at 1,500/$ on the official market, indicating a 1.7 per cent m/m decline. According to the Afrinvest Monthly Market Report, the foreign reserve dipped by 3.2 per cent month-on-month. As of Thursday, it
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Naira closed February 2025 with an 8.5 per cent gain month-on-month on the parallel market to settle at 1,490/$, while it closed at 1,500/$ on the official market, indicating a 1.7 per cent m/m decline. According to the Afrinvest Monthly Market Report, the foreign reserve dipped by 3.2 per cent month-on-month. As of Thursday, it
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- March 3, 2025
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Flood control: Govt plans more tributaries for Ogun River
The Ogun State government has announced plans to create additional tributaries and outlets for the Ogun River across the wetland border towns of Isheri, Kara, Wawa, and Arepo to address persistent flooding and enhance livability in the affected areas. The Commissioner for Environment, Dr. Ola Oresanya, disclosed this during a consultative meeting with residents of
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The Ogun State government has announced plans to create additional tributaries and outlets for the Ogun River across the wetland border towns of Isheri, Kara, Wawa, and Arepo to address persistent flooding and enhance livability in the affected areas. The Commissioner for Environment, Dr. Ola Oresanya, disclosed this during a consultative meeting with residents of
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![](https://api.whatsapp.com/send?text=*Fubara%20dismisses%20impeachment%20rumour,%20Rivers%20elders%20caution%20FG*nRivers%20State%20Governor,%20Siminalayi%20Fubara,%20on%20Sunday,%20dismissed%20fears%20of%20impeachment%20following%20Friday’s%20Supreme%20Court%20judgment%20recognising%20the%2027%20lawmakers%20loyal%20to%20ex-governor%20Nyesom%20Wike.%20In%20its%20far-reaching%20verdict%20on%20Friday,%20the%20apex%20court%20ordered%20the%20Federal%20Government%20to%20stop%20financial%20allocation%20to%20Rivers%20State%20until%20Fubara%20retraces%20his%20steps%20and%20presents%20the%20budget%20to%20%20%20Read%20More%20<!--%20wp:html%20--><p>Rivers%20State%20Governor,%20Siminalayi%20Fubara,%20on%20Sunday,%20dismissed%20fears%20of%20impeachment%20following%20Friday’s%20Supreme%20Court%20judgment%20recognising%20the%2027%20lawmakers%20loyal%20to%20ex-governor%20Nyesom%20Wike.%20In%20its%20far-reaching%20verdict%20on%20Friday,%20the%20apex%20court%20ordered%20the%20Federal%20Government%20to%20stop%20financial%20allocation%20to%20Rivers%20State%20until%20Fubara%20retraces%20his%20steps%20and%20presents%20the%20budget%20to%20</p><p>%20<a%20href="https://punchng.com/fubara-dismisses-impeachment-rumour-rivers-elders-caution-fg/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2025/01/23001421/FUBARA-2.jpg"%20title="Fubara%20dismisses%20impeachment%20rumour,%20Rivers%20elders%20caution%20FG"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/fubara-dismisses-impeachment-rumour-rivers-elders-caution-fg/){kind=link}
![](https://api.whatsapp.com/send?text=*ATMs%20loaded%20with%20cash%20as%20N100%20withdrawal%20fee%20begins*nBanks%20are%20loading%20their%20ATMs%20with%20cash%20as%20they%20commenced%20charging%20N100%20for%20transactions%20on%20March%201.%20The%20Central%20Bank%20released%20the%20revised%20ATM%20transaction%20fees%20in%20a%20circular%20dated%20February%2010,%202025.%20Under%20the%20revised%20fee%20structure,%20withdrawals%20from%20one’s%20bank%20ATMs%20will%20remain%20free%20of%20charge.%20However,%20customers%20using%20ATMs%20of%20other%20banks%20%20%20Read%20More%20<!--%20wp:html%20--><p>Banks%20are%20loading%20their%20ATMs%20with%20cash%20as%20they%20commenced%20charging%20N100%20for%20transactions%20on%20March%201.%20The%20Central%20Bank%20released%20the%20revised%20ATM%20transaction%20fees%20in%20a%20circular%20dated%20February%2010,%202025.%20Under%20the%20revised%20fee%20structure,%20withdrawals%20from%20one’s%20bank%20ATMs%20will%20remain%20free%20of%20charge.%20However,%20customers%20using%20ATMs%20of%20other%20banks%20</p><p>%20<a%20href="https://punchng.com/atms-loaded-with-cash-as-n100-withdrawal-fee-begins/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2025/03/03022750/atms.jpg"%20title="ATMs%20loaded%20with%20cash%20as%20N100%20withdrawal%20fee%20begins"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/atms-loaded-with-cash-as-n100-withdrawal-fee-begins/){kind=link}
%20at%20rates%20higher%20than%20the%20advertised%20prices%20from%20any%20of%20its%20key%20partners%20–%20Ardova%20Plc,%20Heyden,%20or%20MRS%20–%20across%20Nigeria.%20The%20company%20said%20this%20move%20follows%20the%20refinery’s%20recent%20reduction%20of%20its%20gantry%20price%20from%20N890%20%20%20Read%20More%20<!--%20wp:html%20--><p>The%20Dangote%20Petroleum%20Refinery%20has%20announced%20that%20it%20will%20refund%20customers%20who%20purchased%20Premium%20Motor%20Spirit%20(petrol)%20at%20rates%20higher%20than%20the%20advertised%20prices%20from%20any%20of%20its%20key%20partners%20–%20Ardova%20Plc,%20Heyden,%20or%20MRS%20–%20across%20Nigeria.%20The%20company%20said%20this%20move%20follows%20the%20refinery’s%20recent%20reduction%20of%20its%20gantry%20price%20from%20N890%20</p><p>%20<a%20href="https://punchng.com/how-buyers-will-get-n65-litre-refund-dangote-refinery/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2023/07/26161300/Dangote.jpg"%20title="How%20buyers%20will%20get%20N65/litre%20refund%20%20—%20Dangote%20refinery"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/how-buyers-will-get-n65-litre-refund-dangote-refinery/){kind=link}
![](https://api.whatsapp.com/send?text=*Osun%20crisis:%20LG%20workers%20rule%20out%20resumption,%20demand%20February%20salary*nLocal%20government%20workers%20in%20Osun%20State%20have%20ruled%20out%20an%20immediate%20return%20to%20work,%20insisting%20that%20only%20directives%20from%20the%20Nigeria%20Labour%20Congress%20and%20the%20National%20Union%20of%20Local%20Government%20Employees%20can%20determine%20their%20resumption.%20The%20workers%20were%20instructed%20to%20stay%20away%20from%20their%20offices%20on%20February%2016%20by%20the%20leadership%20of%20NULGE%20and%20the%20%20%20Read%20More%20<!--%20wp:html%20--><p>Local%20government%20workers%20in%20Osun%20State%20have%20ruled%20out%20an%20immediate%20return%20to%20work,%20insisting%20that%20only%20directives%20from%20the%20Nigeria%20Labour%20Congress%20and%20the%20National%20Union%20of%20Local%20Government%20Employees%20can%20determine%20their%20resumption.%20The%20workers%20were%20instructed%20to%20stay%20away%20from%20their%20offices%20on%20February%2016%20by%20the%20leadership%20of%20NULGE%20and%20the%20</p><p>%20<a%20href="https://punchng.com/osun-crisis-lg-workers-rule-out-resumption-demand-february-salary/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2020/10/23173243/Osun-map.jpg"%20title="Osun%20crisis:%20LG%20workers%20rule%20out%20resumption,%20demand%20February%20salary"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/osun-crisis-lg-workers-rule-out-resumption-demand-february-salary/){kind=link}
![](https://api.whatsapp.com/send?text=*Airlines%20protest%20N’Assembly’s%20knocks%20over%20old%20aircraft*nThe%20Senate%20Committee%20Chairman%20on%20Aviation,%20Senator%20Fatai%20Buhari,%20has%20raised%20the%20alarm%20that%20Nigeria’s%20aviation%20industry%20is%20bloated%20by%20old%20aircraft%20against%20the%20practice%20in%20developed%20nations.%20However,%20operators,%20regulators,%20and%20other%20stakeholders%20dismissed%20the%20claim,%20arguing%20that%20the%20age%20of%20an%20aircraft%20does%20not%20matter;%20rather,%20the%20maintenance%20of%20airplanes%20should%20be%20given%20%20%20Read%20More%20<!--%20wp:html%20--><p>The%20Senate%20Committee%20Chairman%20on%20Aviation,%20Senator%20Fatai%20Buhari,%20has%20raised%20the%20alarm%20that%20Nigeria’s%20aviation%20industry%20is%20bloated%20by%20old%20aircraft%20against%20the%20practice%20in%20developed%20nations.%20However,%20operators,%20regulators,%20and%20other%20stakeholders%20dismissed%20the%20claim,%20arguing%20that%20the%20age%20of%20an%20aircraft%20does%20not%20matter;%20rather,%20the%20maintenance%20of%20airplanes%20should%20be%20given%20</p><p>%20<a%20href="https://punchng.com/airlines-protest-nassemblys-knocks-over-old-aircraft/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2023/06/09230243/01-house-1.jpg"%20title="Airlines%20protest%20N’Assembly’s%20knocks%20over%20old%20aircraft"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/airlines-protest-nassemblys-knocks-over-old-aircraft/){kind=link}
![](https://api.whatsapp.com/send?text=*Dangote%20refinery%20orders%20Algerian%20crude%20over%20local%20shortfall*nRefineries%20in%20India%20have%20turned%20to%20Nigeria%20for%20the%20supply%20of%20crude%20oil%20following%20a%20drop%20in%20imports%20from%20Russia.%20This%20came%20as%20the%20Dangote%20Petroleum%20Refinery%20in%20Lekki,%20Lagos,%20has%20successfully%20purchased%20its%20first%20shipment%20of%20one%20million%20barrels%20of%20Algeria’s%20high-quality%20light%20sweet%20Saharan%20Blend%20crude%20Bloomberg%20reports%20that%20India’s%20crude%20oil%20imports%20%20%20Read%20More%20<!--%20wp:html%20--><p>Refineries%20in%20India%20have%20turned%20to%20Nigeria%20for%20the%20supply%20of%20crude%20oil%20following%20a%20drop%20in%20imports%20from%20Russia.%20This%20came%20as%20the%20Dangote%20Petroleum%20Refinery%20in%20Lekki,%20Lagos,%20has%20successfully%20purchased%20its%20first%20shipment%20of%20one%20million%20barrels%20of%20Algeria’s%20high-quality%20light%20sweet%20Saharan%20Blend%20crude%20Bloomberg%20reports%20that%20India’s%20crude%20oil%20imports%20</p><p>%20<a%20href="https://punchng.com/dangote-refinery-orders-algerian-crude-over-local-shortfall/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2024/07/27220152/DANGOTE-REFINERY.jpg"%20title="Dangote%20refinery%20orders%20Algerian%20crude%20over%20local%20shortfall"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/dangote-refinery-orders-algerian-crude-over-local-shortfall/){kind=link}
![](https://api.whatsapp.com/send?text=*FG%20plans%20$122bn%20investment%20to%20diversify%20energy%20sources*nThe%20Federal%20Government%20has%20announced%20plans%20to%20secure%20a%20total%20investment%20of%20$122.2bn%20to%20diversify%20the%20country’s%20energy%20sources,%20reduce%20dependence%20on%20the%20national%20grid,%20and%20enhance%20the%20overall%20stability%20and%20sustainability%20of%20the%20nation’s%20energy%20infrastructure.%20The%20amount%20to%20be%20raised%20between%202024%20and%202045,%20representing%2021%20years,%20is%20to%20ensure%20energy%20diversification%20from%20%20%20Read%20More%20<!--%20wp:html%20--><p>The%20Federal%20Government%20has%20announced%20plans%20to%20secure%20a%20total%20investment%20of%20$122.2bn%20to%20diversify%20the%20country’s%20energy%20sources,%20reduce%20dependence%20on%20the%20national%20grid,%20and%20enhance%20the%20overall%20stability%20and%20sustainability%20of%20the%20nation’s%20energy%20infrastructure.%20The%20amount%20to%20be%20raised%20between%202024%20and%202045,%20representing%2021%20years,%20is%20to%20ensure%20energy%20diversification%20from%20</p><p>%20<a%20href="https://punchng.com/fg-plans-122bn-investment-to-diversify-energy-sources/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2024/11/22054754/Kanji-Hdro-power-plant.jpg"%20title="FG%20plans%20$122bn%20investment%20to%20diversify%20energy%20sources"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/fg-plans-122bn-investment-to-diversify-energy-sources/){kind=link}
![](https://api.whatsapp.com/send?text=*NLC%20threatens%20fresh%20protest%20against%20power%20tariff%20hike*nThe%20Nigeria%20Labour%20Congress%20has%20vowed%20to%20mobilise%20workers%20and%20citizens%20for%20a%20nationwide%20protest%20if%20the%20Federal%20Government%20proceeds%20with%20its%20proposed%20electricity%20tariff%20hike,%20describing%20it%20as%20“economic%20violence%20against%20the%20working%20class%20and%20broader%20Nigerian%20populace.”%20This%20came%20as%20the%20National%20Union%20of%20Electricity%20Employees%20warned%20the%20Federal%20Government%20against%20plans%20to%20%20%20Read%20More%20<!--%20wp:html%20--><p>The%20Nigeria%20Labour%20Congress%20has%20vowed%20to%20mobilise%20workers%20and%20citizens%20for%20a%20nationwide%20protest%20if%20the%20Federal%20Government%20proceeds%20with%20its%20proposed%20electricity%20tariff%20hike,%20describing%20it%20as%20“economic%20violence%20against%20the%20working%20class%20and%20broader%20Nigerian%20populace.”%20This%20came%20as%20the%20National%20Union%20of%20Electricity%20Employees%20warned%20the%20Federal%20Government%20against%20plans%20to%20</p><p>%20<a%20href="https://punchng.com/nlc-threatens-fresh-protest-against-power-tariff-hike/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2025/01/30164424/NLC.png"%20title="NLC%20threatens%20fresh%20protest%20against%20power%20tariff%20hike"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/nlc-threatens-fresh-protest-against-power-tariff-hike/){kind=link}
![](https://api.whatsapp.com/send?text=*Naira%20defies%20pressure,%20ends%20February%20below%20N1,500%20per%20dollar*nNaira%20closed%20February%202025%20with%20an%208.5%20per%20cent%20gain%20month-on-month%20on%20the%20parallel%20market%20to%20settle%20at%201,490/$,%20while%20it%20closed%20at%201,500/$%20on%20the%20official%20market,%20indicating%20a%201.7%20per%20cent%20m/m%20decline.%20According%20to%20the%20Afrinvest%20Monthly%20Market%20Report,%20the%20foreign%20reserve%20dipped%20by%203.2%20per%20cent%20month-on-month.%20As%20of%20Thursday,%20it%20%20%20Read%20More%20<!--%20wp:html%20--><p>Naira%20closed%20February%202025%20with%20an%208.5%20per%20cent%20gain%20month-on-month%20on%20the%20parallel%20market%20to%20settle%20at%201,490/$,%20while%20it%20closed%20at%201,500/$%20on%20the%20official%20market,%20indicating%20a%201.7%20per%20cent%20m/m%20decline.%20According%20to%20the%20Afrinvest%20Monthly%20Market%20Report,%20the%20foreign%20reserve%20dipped%20by%203.2%20per%20cent%20month-on-month.%20As%20of%20Thursday,%20it%20</p><p>%20<a%20href="https://punchng.com/naira-defies-pressure-ends-february-below-n1500-per-dollar/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2023/06/14150844/CBN-floats-naira-at-investors-forex-window.jpg"%20title="Naira%20defies%20pressure,%20ends%20February%20below%20N1,500%20per%20dollar"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/naira-defies-pressure-ends-february-below-n1500-per-dollar/){kind=link}
![](https://api.whatsapp.com/send?text=*Flood%20control:%20Govt%20plans%20more%20tributaries%20for%20Ogun%20River*nThe%20Ogun%20State%20government%20has%20announced%20plans%20to%20create%20additional%20tributaries%20and%20outlets%20for%20the%20Ogun%20River%20across%20the%20wetland%20border%20towns%20of%20Isheri,%20Kara,%20Wawa,%20and%20Arepo%20to%20address%20persistent%20flooding%20and%20enhance%20livability%20in%20the%20affected%20areas.%20The%20Commissioner%20for%20Environment,%20Dr.%20Ola%20Oresanya,%20disclosed%20this%20during%20a%20consultative%20meeting%20with%20residents%20of%20%20%20Read%20More%20<!--%20wp:html%20--><p>The%20Ogun%20State%20government%20has%20announced%20plans%20to%20create%20additional%20tributaries%20and%20outlets%20for%20the%20Ogun%20River%20across%20the%20wetland%20border%20towns%20of%20Isheri,%20Kara,%20Wawa,%20and%20Arepo%20to%20address%20persistent%20flooding%20and%20enhance%20livability%20in%20the%20affected%20areas.%20The%20Commissioner%20for%20Environment,%20Dr.%20Ola%20Oresanya,%20disclosed%20this%20during%20a%20consultative%20meeting%20with%20residents%20of%20</p><p>%20<a%20href="https://punchng.com/flood-control-govt-plans-more-tributaries-for-ogun-river/">Read%20More</a><img%20src="https://cdn.punchng.com/wp-content/uploads/2023/11/25204605/OLA-ORESANYA.jpg"%20title="Flood%20control:%20Govt%20plans%20more%20tributaries%20for%20Ogun%20River"%20/></p><!--%20/wp:html%20-->nhttps://hotsource.com.ng/flood-control-govt-plans-more-tributaries-for-ogun-river/){kind=link}