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Wale Edun gives reasons why Tinubu removed fuel subsidy…says govt. spends $600m on fuel importation monthly

Daily Dispatch August 7, 2024

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that Nigeria spends a staggering $600 million on fuel importation every month. According to him, the high import bill is due to neighboring countries, including those in Central Africa, benefiting from the

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Breaking: I understand your pains, “the country is about to enter a new dawn” -Tinubu pleads

Daily Dispatch August 7, 2024

President Bola Tinubu has appealed to Nigerians to be patient with his administration, assuring that the country is about to enter a new dawn. Tinubu made this appeal on Wednesday, acknowledging the hardship Nigerians are going through as a result of fuel subsidy removal. He also admitted that an avoidable lag between subsidy removal and […]

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House of Reps bows to oil cabals, dissolve committee investigating importation of adulterated Petroleum products

Daily Dispatch August 5, 2024

The House of Representatives has resolved to dissolve the current ad-hoc Joint Downstream and Midstream Committee investigating the importation of adulterated petroleum products, the non-availability of crude oil for domestic refineries, and other critical energy security issues. At the committee’s inauguration penultimate Monday, the Deputy Speaker, Benjamin Kalu,

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Protests: “I will not allow some individuals with a political agenda to destroy the country” -Tinubu cries

Daily Dispatch August 4, 2024

President Bola Tinubu has condemned the destruction of private and public property during the nationwide protests against hardship in some parts of Nigeria. Tinubu, in his address to Nigerians on Sunday, August 4, 2024, said the destruction of property set Nigeria back as a nation, adding that his government would not allow some individuals with […]

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Good news: Tinubu directs NNPC to sell 450,000 bpd crude to Dangote Refinery, other local refineries in Naira

Daily Dispatch July 29, 2024

President Bola Tinubu has directed the Nigerian National Petroleum Company Limited [NNPC Ltd] to sell crude to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, made this known in a post via his official X handle on Monday. Onanuga stated that the move, […]

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Dangote refinery not selling-off crude stock, will deliver petrol on August…

Daily Dispatch July 26, 2024

The multi-billion dollars Dangote Refinery is not selling-off the crude oil it has received at the plant, and remains on course to produce petrol this August as previously scheduled, a senior executive at the group told THEWILL Friday night, in reaction to a news agency report which claimed the refinery is looking for buyers for its […]