The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has announced that the Dangote Refinery will begin distributing Premium Motor Spirit (PMS), commonly known as petrol, starting Sunday. Initially, this distribution will be exclusive to the Nigerian National Petroleum Company Limited (NNPCL). This significant development was revealed during a press briefing…
During a recent conversation on an X (formerly Twitter) space hosted by Nairametrics, Mr. Devakumar Edwin, Vice President of Dangote Industries Limited, shed light on the company’s decision to abandon its plans to construct a 1,200-kilometer subsea gas pipeline. The pipeline was initially intended to transport gas from offshore sources to the Nigerian mainland, where…
A group of private astronauts is set to make history on Thursday with the first private spacewalk in orbit, launching from a SpaceX capsule as part of the ambitious Polaris Dawn mission. The crew, which includes a billionaire entrepreneur, a retired military fighter pilot, and two SpaceX employees, has been orbiting Earth aboard the SpaceX…
The Securities and Exchange Commission (SEC) has announced its intention to begin enforcing regulatory actions against individuals and business entities, including cryptocurrency exchanges, that are operating outside of its regulations in the country. Dr. Emomotimi Agama, the Director-General of SEC, disclosed this in a statement on Sunday, reaffirming the commission’s dedication to safeguarding investors. This…
Dogecoin, one of the largest meme-based cryptocurrencies by market capitalization, experienced a modest surge recently following a cryptic tweet from one of its earliest and most prominent backers. Elon Musk, the multi-billionaire owner of X (formerly known as Twitter), has long played a key role in the promotion of Dogecoin, particularly during its early days….
NNPC explained that the pricing of petroleum products, including those sourced from the Dangote Refinery, is largely influenced by global market conditions.
The Nigeria National Petroleum Company Ltd (NNPCL) has announced plans to supply a substantial amount of crude oil to the Dangote Refinery over the next two months. According to Mr. Adedapo Segun, Executive Vice President of the NNPCL, the company is set to deliver a total of 17.6 million barrels of crude oil between September…
On Tuesday, September 4th, the X accounts (formerly Twitter) of Donald Trump’s family members, Lara and Tiffany Trump, were hacked and misused to promote a fraudulent Solana-based meme coin. The bad actors behind this breach took over Tiffany Trump’s account to falsely advertise the meme coin, presenting it as the official token for a supposed…
Elon Musk, the billionaire entrepreneur, has recently hinted that his internet company, Starlink, will soon be launching its direct-to-mobile internet service in the countries where it currently operates. This announcement came shortly after SpaceX, Musk’s satellite company, successfully launched 42 new satellites, including 26 equipped with direct-to-cell capabilities. According to Ben Longmier, one of SpaceX’s…
The Federal Government has announced that it will soon release $800 million for the construction of new substations and distribution networks as part of the Presidential Power Initiative. This development was revealed by the Minister of Power, Adebayo Adelabu, during a recent facility tour of a power company in China, as reported by the National…
