BY GODWIN OBI , ADOLPHUS DURU The pump prices of Premium Motor Spirit, popularly called petrol, have risen to between N1,050 and N1,150/litre depending on the area of purchase, following the hike in the cost of the commodity by the Dangote Petroleum Refinery and various depot owners. Dealers confirmed thatContinue Reading
BY GODWIN OBI A total sum of ₦1.424 trillion, being December 2024 Federation Accounts Revenue, has been shared among the Federal Government, States and Local Government Councils. The revenue was shared at the January 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja. The Director of Press and PublicContinue Reading
•Facility now producing 500,000bpd as officials look beyond Nigeria to meet demand for product The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel production at the $20bn Lekki-based facility. Officials at the plant said theContinue Reading
BY CHIGOZIE EZEH Abia State Governor, Alex Otti, has advocated a multi-faceted approach with intelligence-driven strategies in combating drug abuse. Otti spoke on Thursday when he received a delegation of the new State Commander, National Drug Law Enforcement Agency, Nnadi Wilfred, in Nvosi in the Isialangwa South Local Government AreaContinue Reading
President Bola Tinubu has congratulated six distinguished Diaspora Nigerians named by President Joe Biden among the 400 recipients of the Presidential Early Career Award for Scientists and Engineers (PECASE) in the United States. This prestigious recognition, established by former President Bill Clinton in 1996, is the highest honour bestowed byContinue Reading
After news of a ceasefire agreement sparked mass rejoicing in Gaza, residents woke up Thursday to columns of smoke, rubble and more deaths following new Israeli air strikes. “We were waiting for the truce and were happy. It was the happiest night since October 7,” said Gaza resident Saeed Alloush,Continue Reading
BY GODWIN OBI, EFE MODESTUS, DURU ADOLPHUS The Organised Private Sector has expressed worry over the continued hike in the inflation rate in Nigeria, stressing that this will further raise the cost of production, raw materials, logistics, and machinery, among others. On Wednesday the National Bureau of Statistics reported thatContinue Reading
BY GODWIN OBI The Emir of Kano, Muhammadu Sanusi II, on Wednesday, criticised the handling of the economy by President Bola Tinubu’s administration, asserting that things are not being done correctly. He also posited that the government lacked persons of pedigree to articulate its policies for Nigerians to understand. Sanusi,Continue Reading
Gunshots disrupted the Edo State Governorship Election Petition Tribunal which began hearing on Wednesday in Benin City, the state capital. Hoodlums were also reportedly seen outside the turbo-charged venue of the tribunal where gunshots rent the air, leaving people to scamper for safety. The tribunal had commenced hearing on theContinue Reading
The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has reiterated that the Federal Government would not allow telecoms companies to increase tariffs by 100 per cent For some years now, the telecoms companies have been asking for an increase in tariff, citing rising operational costs, inflation and nairaContinue Reading