AGS NEWS – Aliko Dangote, President of Dangote Group, revealed that a friend who previously advised him against investing in Nigeria is now mocking him for not heeding the warning. In an interview with PREMIUM TIMES on Sunday, Dangote shared … Continue reading My friend who warned against investing in Nigeria now taunting me – Dangote
AGS NEWS – Dangote Industries Ltd. has praised the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for its efforts in addressing the company’s crude supply requests from International Oil Companies (IOCs). In a statement on Wednesday in Lagos, Mr. Devakumar Edwin, … Continue reading Dangote praises NUPRC’s efforts in securing crude supply
AGS NEWS – According to information obtained by from the Federal Civil Service Commission on Wednesday, over 6,500 civil servants failed the 2023 Federal Civil Service Promotion Examinations. Out of approximately 10,900 civil servants who took the examination across various … Continue reading Over 6,500 federal workers fail promotion exams
AGS NEWS – Britain’s economic output grew more than expected in May, official data revealed Thursday, providing an early boost to the newly-elected Labour government. The Office for National Statistics reported that GDP growth was 0.4 percent in May, compared … Continue reading UK economy sees unexpected growth in May – Report
AGS NEWS – Nigeria’s daily oil production increased by 25,000 barrels per day, rising from 1.251 million barrels per day in May to 1.276 million barrels per day in July, according to the Organisation of the Petroleum Exporting Countries (OPEC) … Continue reading Nigeria’s oil production increases by 25,000 barrels per day
AGS NEWS – The MTN Foundation and the Musical Society of Nigeria recently celebrated the graduation of 29 young musicians from their esteemed scholarship program at the MUSON Centre in Lagos. This event highlighted the scholars’ remarkable talents and marked … Continue reading MTN Foundation and MUSON celebrate graduation of 29 young musicians
AGS NEWS – The Federal Government announced on Thursday that converting petrol and diesel-powered commercial vehicles to run on Compressed Natural Gas (CNG) will be free of charge. This announcement followed the signing of agreements with various companies in Abuja … Continue reading FG provides free CNG conversion for commercial vehicles
AGS NEWS – The Chief Judge of the Federal High Court, Justice John Tsoho, has rejected Yahaya Bello’s request to transfer his N80 billion fraud trial from Abuja to Kogi State. Justice Tsoho, agreeing with the Economic and Financial Crimes … Continue reading Ogun customs command seizes N770m worth of contraband
AGS NEWS – On Monday, the Nigerian naira experienced a depreciation in both the official and parallel markets. At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira fell to 1,523.85 per dollar from the previous close of 1,509.67. NAFEM, … Continue reading Naira falls to 1,523/$ in official market
AGS NEWS – Emerging Markets Telecommunication Services Limited (EMTS), operating as 9mobile, has appointed Obafemi Banigbe as its new Chief Executive Officer. This move is part of 9mobile’s strategy to enter a new phase of business transformation, as announced in … Continue reading 9mobile names Banigbe as chief executive officer
AGS NEWS – The Federal Government has announced the results of its review of the accelerated stabilization and advancement plan, aiming to inject N2tn into the economy over the next six months. President Bola Tinubu, on Thursday, expressed his administration’s … Continue reading FG unveils N2tn economic revival plan, inaugurates presidential council
AGS NEWS – On Friday, the pound rose after the UK’s Labour Party achieved a significant election victory, ending 14 years of Conservative rule. Keir Starmer is set to become the new Prime Minister following Labour’s defeat of Rishi Sunak’s … Continue reading Pound strengthens following Labour’s landslide election victory in the UK
AGS NEWS – Power Oil, a vegetable cooking oil brand, has partnered with the Kanu Heart Foundation (KHF) to support open-heart surgeries in Nigeria. KHF founder, Kanu Nwankwo, recently announced the collaboration, which aims to save more lives through the … Continue reading Power Oil partners with Kanu Foundation for open-heart surgeries
AGS NEWS – Oil companies are purchasing refined Automotive Gas Oil (diesel) from illegal refineries in various Niger Delta communities, according to Tantita Security Services Nigeria Limited. This claim was made on Monday during the Nigeria Oil and Gas Energy … Continue reading Tantita security alleges oil companies patronize illegal refineries
AGS NEWS – Toyota Nigeria Limited plans to introduce three electric vehicles in Nigeria over the next three years as part of its commitment to support the government’s green initiative. Kunle Ade-Ojo, Managing Director of TNL, made this announcement during … Continue reading Toyota plans to introduce three electric vehicles in Nigeria
AGS NEWS – The continuous decline in Nigeria’s monthly oil production since January 2024 has led to a revenue loss of approximately N636.3 billion, according to findings by Sunday PUNCH. Data from a Federal Government agency revealed that Nigeria produced … Continue reading Nigeria loses N636bn in revenue due to decline in oil production
AGS NEWS – The Federal Government has allocated N21 billion under the Presidential Metering Initiative to provide free meters to unmetered power users across Nigeria. The Nigerian Electricity Regulatory Commission (NERC) announced this on Friday through order NERC/2024/072, titled “Order … Continue reading FG approves N21bn for provision of free meters
AGS NEWS – The National Bureau of Statistics (NBS) reported a significant increase in the average price of Premium Motor Spirit (PMS), or petrol, which rose by 223.21% to approximately ₦770 per litre in May 2024, up from ₦238.11 per … Continue reading Petrol price rose by 223%, sold at N770 per litre in May – NBS
AGS NEWS – In a significant step to boost Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has announced a $550 million final investment decision for the Ubeta Field Development Project. This decision aligns with President Bola Tinubu’s Presidential Executive … Continue reading NNPC, TotalEnergies commit $550m to boost Nigeria’s gas production
AGS NEWS – Adrian Wood, former CEO of MTN Nigeria, has returned to the Nigerian telecom sector as the new CEO of ntel, a company formed from the unbundling of NITEL and managed by NATCOMS. Wood began his new role … Continue reading Former MTN Nigeria CEO to lead ntel’s $550M restructuring
AGS NEWS – On Tuesday, the Federal Government announced the addition of 17 deep offshore oil blocks to the 2024 Licensing Round for oil fields in Nigeria. Previously, the government had invited investors to bid for 12 oil blocks and … Continue reading FG opens bidding for 17 new offshore oil blocks
AGS NEWS – Dangote Sugar Refinery has raised N42.79 billion through the issuance of Series 4 and 5 Commercial Paper notes, as announced in a statement filed with the Nigerian Exchange Limited by Company Secretary Temitope Hassan. The issuance is … Continue reading Dangote Sugar refinery raises N42.79bn through commercial paper issuance
AGS NEWS – Nigerians are struggling to afford food as food inflation surged to 40.66% in May. This marks a sharp increase from 25.25% in June 2023, highlighting a steady rise in the cost of living. The National Bureau of … Continue reading Food inflation soars by 61% in one year
AGS NEWS – The Ghana Grid Company Limited and the Electricity Company of Ghana have informed the public about nationwide power supply interruptions due to a reduction in gas supply from Nigeria. In a joint statement on Thursday, the companies … Continue reading Gas supply disruption from Nigeria causes power outages in Ghana
AGS NEWS – The Nigeria Deposit Insurance Corporation (NDIC) has announced the sale of Heritage Bank’s head office in Lagos and its branches nationwide following the bank’s collapse. An advert revealed that 48 bank properties and additional assets, including vehicles … Continue reading NDIC lists Heritage bank head office and nationwide assets for sale
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