FG: Dangote Refinery to Soon Receive Valid Operating License » The Federal Government of Nigeria has revealed that the Dangote Petroleum Refinery, with a massive daily capacity of 650,000 barrels, is on the verge of being granted a fully valid operating license. This disclosure was made during the Stakeholders’ Consultation Forum on Midstream and Petroleum Host Community Development Trust Regulations, which was organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Tuesday in Abuja. At this forum, it was clarified by the NMDPRA that while a pre-commissio ..read more

Customs FX duty rate reaches N1,373 as Naira weakens further » As the Nigerian naira continued to weaken against the United States dollar in the foreign exchange market, the rate used to calculate import duties at the country’s seaports has risen by 3.5 percent. According to details from the official trade portal of the Nigeria Customs Service, the Central Bank of Nigeria adjusted the Customs FX duty rate from N1,327.35 per dollar to N1,373.646 per dollar on Tuesday, April 30. This signifies a 3.5 percent rise in comparison to the previous rate of N1,327.35 per dollar used for initiating Form ..read more

MTN reports second consecutive loss due to inflation and Naira depreciation. » MTN Nigeria Communications Plc has announced its second consecutive loss, reporting a loss after tax of N392.7 billion for the first quarter of 2024. Despite achieving a 32.0 percent growth in service revenue to N747.3 billion year-on-year, the telecommunications company recorded its second loss since its listing on the Nigerian Exchange. This information was disclosed in its earnings statement for the first quarter of 2024. The company indicated that its net loss for the quarter contributed to its accumulated loss ..read more

Telecom Giants Propose Tariff Hike, Nigerians Should Brace for Higher Costs » Mobile Network Operators (MNOs) in Nigeria, including Globacom, 9mobile, MTN, and Airtel, have called upon the federal government to initiate productive discussions within the industry. The telcos argue that the existing price control mechanism does not align with economic conditions, prompting them to seek government intervention to tackle pricing issues. These four telecommunications giants have highlighted that they are the sole operators yet to adjust their prices, expressing concerns about the sustainability of ..read more

JAMB Announces UTME Results: Less than 1% of Candidates Achieve Scores Exceeding 300 » The Joint Admissions and Matriculation Board (JAMB) has announced the results of the 2024 Unified Tertiary Matriculation Examination (UTME), revealing that 8,401 candidates (0.4%) scored above 300. This information was disclosed during a press conference held on Monday in Abuja. Ishaq Oluyede, the Registrar of JAMB, reported that a total of 1,989,668 candidates registered for the exam, marking a 24.7% increase compared to the previous year (2023). Out of the registered candidates, 80,810 were absent, leavin ..read more

Fuel Scarcity Persits as Petrol Prices Surges Across Lagos and Abuja. » Despite NNPC’s claim of resolving fuel scarcity issues, the situation remains dire as petrol prices soar above N700 per liter in Lagos and Abuja, exacerbating the challenges faced by motorists and commuters alike. Last week, the Nigeria National Petroleum Corporation (NNPC) made assurances through its spokesperson, Olufemi Soneye, stating that all factors contributing to fuel scarcity had been addressed, and the country was experiencing an oversupply of petrol. However, ground realities paint a starkly different picture ..read more

How to become Iroko TV dealer and make N100,000 monthly | Step By Step Guide » IrokoTv is an online web platform that provides Nigerian films on demand. It is one of Africa’s first mainstream online film and video streaming websites that enables access to over 5,000 Nollywood movies. It was launched on December 1, 2011, and is a part of iROKO Partners which was founded by Jason Njoku and Bestian Gotter in December 2010. IrokoTV is the world’s largest legal digital distributor of African movies and is headquartered in London, United Kingdom. IrokoTv also operates a subscription business model ..read more

KW-IRS Opens Application for 2024 Tax Quiz Competition » Kwara State Internal Revenue Service (KW-IRS) has officially opened applications for the eagerly anticipated 2024 Tax Quiz Competition, aimed at fostering tax education and awareness among students in the state. According to released statement, this year’s competition will commence with the opening of registration portals for interested schools, running from Monday, April 22, to Friday, May 17. The preliminary stages of the 2024 edition will hold virtually across all registered schools in the State between Monday, June 24th and Friday ..read more

Kenyan police nabs fleeing Binance executive, begins extradition process to Nigeria » Kenyan authorities have apprehended fleeing high-ranking executive of Binance, Nadeem Anjarwalla, who had escaped from Nigeria while facing serious legal charges. Proceedings by the International Criminal Police Organisation has began to extradite him to Nigeria within the week. According to sources close to the matter, the executive had managed to evade Nigerian law enforcement and entered Kenya using forged travel documents. However, Kenyan police, acting on intelligence provided by their Nigerian counterp ..read more

National Population Commission (NPC) Adhoc Staff Requirement Login Guide » National Population Commission (NPC) is a government organization in Nigeria that is responsible for managing demographic data and conducting population censuses, surveys, and other related activities. It was established in 1988. NPC operates under the Federal Ministry of Health and is tasked with providing accurate and reliable demographic information to support government policies, planning, and decision-making processes. To fulfil its mandate effectively, NPC often recruits adhoc staff to assist in various activitie ..read more