The Latest News From Across The Globe | NewsLineGlobally
Best News Website Bringing You Latest News Stories In Nigeria & Across The Globe
Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N1,275 to N1,250 per litre, citing declining global crude oil prices and market realities in Nigeria’s deregulated downstream petroleum sector.SThe N25 per litre reduction, representing a two per cent decrease, comes amid growing competition among fuel suppliers…
Federal Government of Nigeria , Tuesday, reaffirmed its commitment to building an innovation-driven economy, announcing massive infrastructure investments and financing support for entrepreneurs across the Southeast geopolitical zone as the South East Development Commission (SEDC) formally launched its Venture Capital Programme in Enugu. President Bola Tinubu disclosed that in his speech during the launch held…
As part of its long-term strategy to deepening local value addition across Africa’s agricultural value chains, one of Nigeria’s largest cocoa exporters, Sunbeth Global Concepts Ltd, has announced plans to establish a 70,000-metric tonne capacity cocoa processing factory alongside an 80,000-metric tonne cashew processing plant, both currently under construction, . The Managing Director, Olasunkanmi Owoyemi,…
Governor of Enugu state ,Dr Peter Mbah has announced an economic blueprint to position Enugu as Nigeria’s premier business destination, disclosing plans to establish a 660-megawatt coal-fired power plant with groundbreaking in July,2026. The Governor also announced plans to set up a N100 billion venture capital fund to support startups, alongside an incubation hub and…
Nigeria’s President , Bola Tinubu has signed into law the 2026 Appropriation Bill, approving a total expenditure of ₦68.32 trillion for the fiscal year, extending the implementation of the 2025 budget to June 30, 2026.This was disclosed in a statement made available to Newsmen on Friday by Tinubu’s Special Adviser on Information and Strategy, Bayo…
World Bank has revised downward Nigeria’s economic growth projection for 2026 to 4.1 percent, citing persistent structural challenges and global uncertainties. This marks a drop from its October 2025 forecast of 4.4 percent for both 2026 and 2027. The Bank also trimmed its 2027 estimate to 4.2 percent, while projecting a modest rise to 4.3…
Governor of Enugu State, Dr Peter Mbah has announced an immediate and indefinite suspension of daily collection of levies from traders who have no lockup shops, declaring it as illegal, just as the Enugu State Police Command on the same day arraigned two before an Enugu Magistrate Court for stealing and forgery of receipts and…
European Union has identified Nigeria as the highest food-wasting country in Africa, with an estimated 38 million tonnes of food lost annually.The EU disclosed that on Monday during the commemoration of 2026 International Zero Waste Day in Abuja, with the Theme, “Food waste reduction – minimisation and valorisation.”Speaking at the event, EU Deputy Ambassador to…
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reaffirmed the bank’s commitment to curbing inflation, describing its monetary policy stance as “steadfast” and impactful. Speaking at the CBN Special Day during the ongoing 37th Enugu International Trade Fair in Enugu on Friday, Cardoso said the apex bank’s tight monetary policies have significantly reduced…
Enugu State Government and the United Kingdom, through its United Kingdom Nigeria Infrastructure Advisory Facility (UKNiAF) have successfully carried out a pilot programme introducing an AI-enabled smart metering system to curtail energy theft and eliminate revenue losses in the power sector. This was made known at the Enugu State Investor Forum themed “Driving Revenue Assurance…