Author: Vardiafrica

Billionaire businessman Femi Otedola has congratulated his friend and brother Aliko Dangote on the actualisation of his $20bn refinery in Lagos. Otedola said with petrol now rolled out by the Dangote Refinery, the days of Nigeria bowing to foreign powers for our fuel needs are over. “You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long. The days of bowing to foreign powers for our fuel needs are over, thanks to your vision and determination,” Otedola wrote in a social media post on…

The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol from ₦568 to ₦855, ₦897 (depending on the location per litre) amid lingering fuel scarcity and the country’s crisis. Reports on the newly increased price come after NNPCL said it owed its suppliers more than $6bn in debt. Our correspondents who reported from Abuja and Lagos confirmed the price adjustment on Tuesday. While the report from Abuja said price was jerked up to ₦897 per litre, our correspondent in Lagos said NNPC station at Awolowo Road in Lagos increased price to ₦855 per litre. Other marketers…

Owner of Lagos-based refinery Aliko Dangote, on Tuesday, spoke on the pricing of petrol produced at his 650,000 barrels per day facility. The refinery owner said as soon as his company finalises modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market. “Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours depending on NNPCL,” he said. Asked to speak on the pricing of petrol from his refinery, Dangote said, “It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola…

Billionaire businessman Aliko Dangote has assured Nigerians of the highest quality supply of Premium Motor Spirit for their vehicles, saying that they “are now going to have good petrol while the engines of your vehicles will last longer.” The billionaire gave the assurance at a press conference in Lagos on Tuesday as the refinery rolled out its first petrol from its 650,000 barrels per day facility. “You will not be having an engine issue, which a lot of us were having. It won’t happen at all. “The quality here will match that of anywhere in the world; US, America, we…

Super Eagles striker Victor Osimhen has arrived Turkey to complete a loan move from Napoli to Galatasaray, Afrosport reports. The 25-year-old had been a subject of a transfer tussle between Premier League club Chelsea and Saudi Pro League side Al-Ahli, but the deals failed to materialise as transfer terms were not met before the transfer deadline. After agreeing personal terms with Galatasaray on Monday night, the former Lille man jetted out on a private flight to Istanbul, where he was warmly welcomed by fans of the club. The Turkish Super Lig club also confirmed that discussions are in progress for the reigning African Footballer…

Turkish side, Galatasaray have reached an agreement with Italian side Napoli to sign Nigerian international striker Victor Osimhen on a season-long loan before the Turkish transfer window closes. The Nigerian forward, who has been in scintillating form for Napoli, is now the subject of a potential loan move to the Istanbul-based club, after a fall-out with the club, following a failed transfer to Saudi and Chelsea on transfer deadline day. Renowned football journalist Gianluca Di Marzio reported that negotiations between the parties are underway, with all sides working to finalize the deal. Transfer specialist, Fabrizio Romano, confirmed the report on…

The Federal Government on Monday said there is no ban placed on any Nigerian airline by the US government. The acting Director General of the Nigerian Civil Aviation Authority (NCAA), Chris Najomo, disclosed this in a statement. He said in 2010, Nigeria like other countries attained the permit of category one of the International Aviation Safety Assessment (IASA) programme and in 2014 as well as 2017 a re-evaluation was done by the US Federal Aviation Administration and Nigeria passed but due to the inability to meet up with the requirements of the permit, Nigeria was de-listed in 2022. “It is…

A Briton, Andrew Wynne, who has been declared wanted by the Nigeria Police Force for allegedly plotting to overthrow a democratically elected government of President Bola Tinubu, has responded to the allegation against him. In an interview with Channels Television on Monday, September 2, the Briton, who denied any wrongdoing, said that he is not on the run and is more than ready to speak to the Nigerian authorities. “I am not aware that I am a fugitive, I am not aware that I am running away from the law, I have been visiting Nigeria 25 years. I have had a bookshop…

A Federal High Court in Abuja has ordered officials of the Nigerian Correctional Service from Kuje to provide the detained executive of Binance Holdings Limited, Tigran Gambaryan, with a wheelchair. Justice Emeka Nwite issued the order on Monday following a complaint from Gambaryan shortly after the court adjourned. The Binance chief, who was walking with crutches, abruptly stopped in front of Justice Nwite and lamented that his health had deteriorated since his remand at Kuje due to inadequate medical care. He admitted to the judge that although he has been living with a herniated disc for the past 12 years,…

The Peoples Democratic Party (PDP) has formally initiated proceedings to address allegations of anti-party activities levelled against the Minister of the Federal Capital Territory, Nyesom Wike. This development was announced by Ibrahim Abdullahi, the Deputy National Publicity Secretary of the PDP, during an appearance on Channels Television’s Sunrise Daily programme on Monday. Abdullahi disclosed that Wike, a former Governor of Rivers State, has been officially summoned via a written letter to appear before the disciplinary committee, chaired by esteemed party leader Chief Tom Ikimi. This committee was constituted by the PDP’s National Working Committee to investigate and address matters of…