Author: Vardiafrica

Nigerians, particularly commuters and motorists, continue to struggle as Nigerian National Petroleum Corporation Limited (NNPCL) filling stations have once again raised petrol prices in Lagos and Abuja. This marks the third price hike in less than two months, with prices in Lagos rising from N998 to N1,025 per litre and in Abuja from N1,030 to N1,050 per litre. In Lagos, NNPC retail outlets at Ikeja, Egbeda, Cement, and Dopemu now sell PMS for N1,025 per litre, Nairametrics can confirm. Similarly, in Abuja, filling stations in Wuse, Kuje, Airport Road, and other areas are now dispensing petrol at N1,050 per litre.…

President Joe Biden has called to thank President Bola Tinubu for the release of an executive of Binance Holdings Tigran Gambaryan who was on trial in Nigeria for alleged money laundering and currency speculations. The Minister of Foreign Affairs Yusuf Tuggar told journalists at the State House in Abuja on Tuesday that the two leaders also discussed areas of partnership and cooperation including the issue of security in Africa and in particular, West Africa. Tuggar gave details of the thirty-minute phone call President Tinubu received from Biden. “The two leaders exchanged pleasantries and President Biden preceded to thank President Tinubu…

The Nigerian Content Development and Monitoring Board (NCDMB) is gearing up to launch new Contracting Cycle Guidelines for the oil and gas industry in compliance with the Presidential Directives on Local Content announced by President Bola Ahmed Tinubu in March 2024 to accelerate oil and gas contract timelines, incentivize investments in the sector and increase Nigeria’s crude oil production The Executive Secretary of the NCDMB, Engr Felix Omatsola Ogbe announced this at the two-day Contracting Cycle Guidelines Sensitization Workshop organized in Lagos by the Project Certification and Authorization Directorate (PCAD) of the Board for international and indigenous operating oil and…

Nigeria’s President, Bola Ahmed Tinubu has launched the 2025 Armed Forces of Nigeria remembrance day emblem and appeal fund. Presiding over the launch of the emblem at the State House in Abuja, President Tinubu thanked the Armed Forces for their role as the first line of defence in protecting the country. He also commended them for the recent successes recorded in fighting all threats to National security. The Nigerian leader insisted “it will be impossible to promote peace and development without security,” hence he commended the patriotic commitment of the Armed Forces to Nigeria’s unity, stability and progress. In appreciation of…

The Nigeria Football Federation (NFF) said the Confederation of African Football (CAF) has picked Nov. 14 and 18 for Nigeria’s final 2025 Africa Cup of Nations qualifying matches against the Republic of Benin and Rwanda. A statement on Tuesday by NFF, Match-day 5 clash with Benin Republic at the Stade Felix Houphouet-Boigny on Nov. 14 will kick off at 8 p.m., Nigeria time. CAF has appointed Issa Sy from Senegal as the referee, his compatriots Djibril Camara, Nouha Bangoura and El Hadji Amadou Sy will serve as assistant referee 1, assistant referee 2 and fourth official, respectively. Rene Williams Sere…

The Federal Competition and Consumer Protection Commission (FCCPC) has expressed serious concerns over ongoing disruptions in online banking services across Nigeria, which have impacted millions of customers. In a statement released by the Executive Vice Chairman/Chief Executive Officer of the FCCPC, Tunji Bello on Tuesday, the commission stated that banks must “maintain acceptable levels of functionality and reliability,” adding that these disruptions are preventing access to funds, payments, and essential transactions, and have had severe effects on individuals and businesses nationwide. The statement said, “Under the Federal Competition and Consumer Protection Act (FCCPA) 2018, bank customers have specific rights to…

Alex Ikwechegh, a member of the house of representatives, has apologised for assaulting Stephen Abuwatseya, a Bolt driver. Ikwechegh, a member of the All Progressives Grand Alliance (APGA), made headlines for slapping and hurling insults at Abuwatseya. In a viral video, Ikwechegh is seen in a heated exchange with the driver whom he accused of disrespect for asking him to approach the car to receive his package. The incident occurred on October 27 in the Maitama district of Abuja. The federal capital territory (FCT) police command had said Ikwechegh was in its custody for questioning. In a statement issued on Tuesday, the lawmaker…

The Senior Staff Association of Nigerian Universities (SSANU) has blamed the finance ministry for the ongoing strike that has disrupted the resumption of academic activities on campuses. On October 28, non-teaching staff unions in federal universities began an indefinite nationwide strike over withheld salaries. The federal government, under President Muhammadu Buhari’s administration, had withheld the salaries of university staff who participated in an eight-month strike in 2022. In October 2023, President Bola Tinubu approved the release of four months of the withheld salaries of public university teaching staff. Left out, non-teaching staff unions including SSANU and NASU accused the government of unfair treatment…

Ghana could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday. This could end monthly fuel imports from Europe of $400 million, Mustapha Abdul-Hamid, chairman of the National Petroleum Authority, Ghana said at the OTL Africa Downstream oil conference in Lagos. “If the refinery reaches 650,000 bpd a day capacity, all that volume cannot be consumed by Nigeria alone, so instead of us importing as we do right now from Rotterdam, it will be much easier for…

In a bid to reposition the National Lottery Trust Fund (NLTF) for greater efficiency and effectiveness, President Bola Tinubu, has unveiled a comprehensive 4-year strategic plan aimed at transforming the National Lottery Trust Fund operations and maximizing impact on GOOD CAUSES across Nigeria. The event, held at the Aso Villa Banquet Hall in Abuja, marked a significant milestone in NLTF’s history. Speaking on behalf of President, Senator George Akume, the Secretary to the Government of the Federation, expressed confidence in the strategic document being unveiled, emphasizing its potential to enhance the federal government’s outreach to marginalized communities “This move is…