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Dangote Refinery: Refiners Recommend FX Rate Peg at N1,000/$ for Affordable Petrol Prices

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Refiners   have  proposed  that  if  the  federal government  pegs  the  foreign  exchange (FX)  rate at  N1,000 per  dollar, petrol  prices  could  fall below N600  per  litre.This  suggestion  is tied to ensuring  more  stable and  affordable  fuel  prices  in  Nigeria  as  the  Dangote Refinery   begins operations.The  aim is to  mitigate   the rising  cost of  petrol  and  the  fluctuating   dollar-naira  exchange  rate,  which  has  greatly  impacted  fuel import  costs.The  proposal  could  relieve  Nigerians   of   skyrocketing   energy   prices  if implemented.

 


 

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Nigerian Student Wins 2026 Spelling Bee World Championship

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It has been reported that a Nigerian won the 2026 Spelling Bee World Championship, which was held in Shanghai, China. The winner, Chinedu Great Okdediachi, has now returned home to Delta State after his victory.

It can be noted that the student had already emerged as one of the Gold Award winners in the Middle School Group category.

“Congratulations once again, Chinedu! Your success continues to inspire young Nigerians to pursue excellence through education. Welcome home, Champion!”

The young star has made Nigeria proud by winning the international competition.


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‘My Reforms Have Stabilised Nigeria’s Economy’ — President Tinubu

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President Bola Ahmed Tinubu has stated that his administration’s economic reforms have helped stabilise Nigeria’s economy and placed the country on a path toward steady growth.

He said “My reforms have stabilised Nigeria’s economy and put it on a path of steady growth.”

The President added that the reforms are creating more opportunities for development across the country.

However, many Nigerians reacted online, with some questioning the impact of the reforms and saying they have yet to experience the positive effects.


 

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Nyesom Wike Says He Knows Civil Servants Don’t Like Him

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Nigerian politician and FCT Minister, Nyesom Wike, has said that he is aware many civil servants do not like him.

He shared that he understands why he is unpopular among some civil servants, explaining that funds previously spent on unnecessary conferences are now being redirected to road construction projects.

He said “Some people say conferences for corruption and I say what is that? You are going for conferences to do what? These are ways government funds are being diverted. I say put this money in this road here and the people will get the impact.”


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