The Nigerian Senate intervenes in the Dangote dispute with regulators, aiming to resolve issues in the petroleum sector and ensure local refineries’ operation.
Business
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Ngozi Okonjo-Iweala gets support from 58 WTO members for a second term as Director-General, with the African Group urging her to announce her intentions soon.
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Meta fined $220 million for privacy violations and market abuse, setting a precedent for multinational companies in Nigeria.
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President Tinubu requests a N6.2 trillion increase in the 2024 budget for infrastructure and recurrent expenditure, aiming to address Nigeria’s development needs.
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Nigeria’s inflation reaches 34.19% in June 2024, fueled by surging food prices. The NBS report highlights economic challenges.
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Severe petrol scarcity in Nigeria causes business disruptions and spikes in fuel prices amid logistical and weather challenges.
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KuCoin announces a 7.5% VAT on transaction fees for Nigerian users, aligning with new cryptocurrency regulations.
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Aiteo ends contracts with several security firms following their involvement in crude theft and other criminal activities.
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The Nigerian government and oil sector stakeholders discuss strategies to ensure the importation and distribution of high-quality fuel, addressing public concerns.
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Dangote Oil Refinery faces potential delays due to a crude oil shortage, threatening its July petrol supply start.