December 18, 2024 - Pen Agency News

NNPCL’s Investment in Dangote Misrepresented

Clarification of Investment Details Dangote Refinery disputed NNPCL’s recent $1bn loan claim, asserting it represented just 5% of the $12bn investment. The refinery highlighted its 650,000-barrel-per-day capacity, refuting NNPCL’s portrayal of the...

Mysterious Unidentified Object Continues to Hover Over U.S.

Sightings Begin: An Eerie Phenomenon The mystery began in early November when residents across multiple U.S. states reported sightings of an unidentified object hovering in the skies. First spotted over New Jersey,...

Reactions to Tinubu’s Economic Reforms Stir Debate

Mixed Reactions to Economic Policies President Bola Ahmed Tinubu’s economic reforms have sparked widespread debate across Nigeria. The removal of fuel subsidies, naira unification, and other measures were designed to stabilize the...

Budget Allocation for Presidential Fleet

Tinubu Targets ₦1,500 to Dollar in 2025 Budget Projections

Exchange Rate Target of ₦1,500 to the Dollar President Bola Tinubu, on Wednesday, presented Nigeria’s 2025 budget, setting a bold target of stabilizing the exchange rate at ₦1,500 per dollar. This projection...

Tinubu’s 2025 Budget: A Record Allocation to Security

Historic Security Allocation in the 2025 Budget President Bola Tinubu unveiled Nigeria’s 2025 budget, featuring an unprecedented allocation of ₦4.91 trillion to defense and security. This constitutes the largest budgetary allocation in...

Kidnapping Crisis in Nigeria: Paid Ransom Exceed Security Budget

Alarming Rise in Ransom Payments Nigerians paid ₦2.23 trillion in ransoms to kidnappers from May 2023 to April 2024, the National Bureau of Statistics revealed. This alarming trend exposes Nigeria’s growing insecurity...

Funke Akindele’s Latest Film Smashes Nollywood Records

Record-Breaking Opening Weekend Funke Akindele’s new movie, Everybody Loves Jenifa, has taken Nollywood by storm, earning an impressive ₦206 million in its opening weekend. The film also set an unprecedented single-day record,...

POS Withdrawal Limits: CBN Imposes N100,000 Withdrawal Limits

Daily Limit of N100,000 Introduced The Central Bank of Nigeria (CBN) has announced a significant policy shift, setting a daily cash withdrawal limit of N100,000 per customer for transactions conducted via point-of-sale...

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Day: 18 December 2024