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    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Terrorists attack presidential guards in Abuja after threat to abduct Buhari

    FG Confirms U.S.-Backed Airstrikes on Terrorists Targets in Sokoto State

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    EFCC traces 41 properties worth N212bn to Former Attorney General, Abubakar Malami

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    NMDPRA CEO Farouk Ahmed resigns amid corruption allegations

    Nnamdi Kanu Lists Wike, Hope, Sanwo Olu and others as Witnesses in Terrorism Trial

    Nnamdi Kanu prison transfer request stalls as court insists on hearing from FG, NCoS

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    FPEDL Schedules Brief Power Outage in Anambra for Transformer Upgrade on December 7

    Nnamdi Kanu moved from DSS custody to Sokoto prison – Aloy Ejimakor

    Federal High Court fixes December 8 to hear Nnamdi Kanu’s transfer request from Sokoto prison

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Senate Confirms Retired Chief of Defence Staff as Defence Minister

    Abubakar Badaru resigns as minister of defence

    Abubakar Badaru resigns as minister of defence

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    NNPC acquires equipment to build 40 CNG filling stations

    President Tinubu Cancels $1.42 Billion, ₦5.57 Trillion NNPCL Debt

    Dangote Refinery will supply first product to market by July – Dangote

    Why Made in Nigeria Cement Is Cheaper Abroad – Dangote

    Dangote refinery set to import Crude oil from Brazil

    Dangote Refinery Cuts Petrol Price to ₦699 per Litre

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    CBN Rolls Out New Cash Rules, Sets Fresh Withdrawal Limits for 2026

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Nigeria Wins €185.7m Arbitration on Ajaokuta Steel Contract

    Headline Inflation in Nigeria rose to 22.04% in March

    Nigeria’s inflation eases to 16.05% in October 2025

    President Buhari hikes Petrol Price to N212 per litre through the PPPRA

    Federal Government suspends 15% import tax on imported petrol

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nigeria Imposes 10% Tax on Short-Term Investment Interest

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

    Nestlé Cuts 16,000 Jobs in a Major Restructuring; Stock Rises Nearly 8%

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    MTN Nigeria to pay over N200 billion final dividend for 2022

    Nigeria Infrastructure Debt Fund Declares ₦4.68 Distribution for Q4 2025

    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Continues $100m Buy-back With New Share Repurchase

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries ₦42bn Public Offer Opens for Subscription

    Airtel Africa  Announces Total Voting Rights

    Airtel Africa Updates Share Capital and Voting Rights

    Aradel Holdings to list shares on NGX Main Board October 14

    ARADEL Holdings increases stake in ND Western to 81.67%

    Sunny Anene raises his stake in United Capital Plc

    JUST IN: Femi Otedola Exits Geregu Power in $750 Million Deal

    Nike climbs 5% after Apple CEO buys $3M of shares

    Nike climbs 5% after Apple CEO buys $3M of shares

    Presco Plc Acquires 10,000 Hectares in Cross River State for Palm Oil Expansion

    Presco Plc Acquires 10,000 Hectares in Cross River State for Palm Oil Expansion

    Lasaco Assurance Plc announces delay in share reconstruction

    LASACO Assurance Plc Approves Capital Raise, Increases Share Capital to ₦36.08bn

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    Greif Nigeria Plc nears final stage of its voluntary liquidation process

    Greif Nigeria Plc Completes Liquidation, Shareholders Receive Final ₦9 Per Share Payout

    Again DMO offers N360 billion FGN bond for February

    FGN Opens Subscription for December 2025 Savings Bonds at 13.538% and 14.538%

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Fidson Healthcare Announces N21 Billion Rights Issue to Boost Capital Base

    Silver and other Precious Metals Surges amid Economic concerns

    Silver and other Precious Metals Surges amid Economic concerns

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2025, qualification and payment dates

    Nigerian Exchange Daily Market Report: ASI up by 0.15% on Wednesday

    Domestic Investors dominate transactions on the Nigerian Exchange in September 2025

    Wema Bank Plc rights issue opens for subscription

    Wema Bank Plc lists 4.5 billion new shares offered through private placement

    FG lists 4 border points in Ukraine Nigerians can cross to safety

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    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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U.S. sends delegation to meet with an “illegitimate” government of Venezuela

Monday, 7 March 2022, 5:36 am
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U.S. sends delegation to meet with an “illegitimate” government of Venezuela
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The United States Government had sent a high-level delegation to meet with the “illegitimate” government of Venezuela on Saturday in a hunt for alternative suppliers of Oil as Russia’s war with Ukraine continues.

According to a report quoted referenced on Fox News, several officials from the White House and State Department were on the flight to Caracas, making it the “highest-level visit” from the U.S. in the years after it broke diplomatic relations with the country in 2019 and recognized pro-US politician Juan Guaido as “interim” president of Venezuela over the legitimate President Nicolas Maduro.

In breaking diplomatic relations with Venezuela, the U.S. closed its embassy and accused President Nicolas Maduro of stealing a presidential election in 2018.

Read also; Britain’s Shell buys Russian Oil at record discount, pledges profits to support humanitarian aid in Ukraine

Just a couple of months ago, on January 4 2022 to be precise, the U.S. State Department issued a statement recognizing Venezuela’s 2015 National Assembly and Interim President Juan Guaido.

In recognizing an alternative President of Venzeula, U.S. State Department spokesperson Ned Price said;

The United States supports the Venezuelan people in their desire for a peaceful restoration of democracy through free and fair elections.  The Maduro regime’s pattern of political repression, rampant human rights abuses, as well as severe restrictions on political and civil society actors and freedom of expression have robbed the Venezuelan people of democratic self-determination.  We support the efforts of the Unitary Platform and other actors to establish democratic order and rule of law in Venezuela.

The U.S. government has not officially confirmed that it sent a delegation to Venezuela, to meet with an illegitimate President Maduro. There are no commercial flights from the U.S. to Venezuela at the present, but data from flight-tracking website ADS-B Exchange showed a Gulfstream jet leaving a Washington airport and flying to Caracas via Miami on Saturday.

As pressure continues to mount on the Biden Administration to impose sanctions on Russian energy, the administration is actively seeking for alternative supplies, vis-a-viz Iran and Venezuela. Prior to U.S. sanctions on Venezuela, most of the Latin American countries oil exports went to the U.S.

Venezuela and its President Maduro are however aligned to Russia, as Russia along with China ad Iran came to Venezuela’s financial aid when the Trump administration sanctions on Venezuela’s oil exports in 2019.

Florida Senator Marco Rubio is being quoted as saying “Joe Biden using Russia as an excuse to do the del they always wanted to do anyway with the Maduro Regime.”

Rather than produce more American oil he wants to replace the oil we buy from one murderous dictator with oil from another murderous dictator,” – Marco Rubio

Venezuela has the world’s largest oil reserves and used to be a major exporter, but it oil production collapsed in recent years from near 3mn barrels per day to less than 1mn. It is a member of the Organization of Petroleum Exporting Countries.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

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