Author: Akintayo Adams

Journalist Isaac Bristol, known by the alias PIDOM, has been arraigned by the Nigeria Police on charges related to money laundering, cybercrime, and the unlawful acquisition and dissemination of classified official documents. Bristol was brought before Justice Emeka Nwite of the Federal High Court in Abuja, where he pleaded not guilty to the nine charges leveled against him. Following his plea, Justice Nwite adjourned the case to September 23, 2024, for a ruling on the bail application filed by Bristol’s legal team. In the meantime, Bristol has been remanded at the Kuje Correctional Centre. Bristol’s arrest took place on August…

President Bola Tinubu is currently engaged in a bilateral meeting with Chinese President Xi Jinping in Beijing as part of the China-Africa Collaboration Summit. The meeting aims to foster increased foreign direct investment (FDI) in Nigeria. Key figures attending the summit include members of the Chinese government’s economic team, the Nigeria Governors’ Forum led by Governor Abdulrazak Abdulrahman of Kwara State, and Kaduna State Governor Uba Sani. President Tinubu’s economic team and several cabinet members are also present. Presidential spokesman Ajuri Ngelale previously indicated that the meeting between the two leaders would result in the signing of multiple Memoranda of…

The Nigerian National Petroleum Company Limited (NNPCL) has finalized an agreement to sell crude oil to the Dangote Petroleum Refinery in Naira, as confirmed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This development was announced on Tuesday through NMDPRA’s official X (formerly Twitter) account. As part of the deal, the refinery is expected to begin supplying an initial 25 million liters of Premium Motor Spirit (PMS) to the domestic market by September 2024. The volume will increase to 30 million liters per day starting in October 2024. This move marks a significant step in bolstering Nigeria’s local…

At least 41 people have been confirmed dead, and over 180 injured after Russian cruise missiles struck Poltava, a central Ukrainian city, according to President Volodymyr Zelensky. The missiles targeted an educational institution and a nearby medical facility, with many victims still trapped under the rubble. This attack is among the deadliest since Russia’s invasion of Ukraine over 900 days ago. Ukraine’s defense ministry highlighted that the time between the bomb sirens and the missile strikes was too short for people to reach shelters, leaving them vulnerable to the attack. In a related development, Mongolia failed to arrest Russian President…

The price of Premium Motor Spirit (PMS) in Nigeria has surged to as high as ₦1,200 per liter at several filling stations, while Nigerian National Petroleum Company Limited (NNPCL) outlets have adjusted their pump price to ₦904 per liter. The steep increase has led to long queues at NNPCL stations, with motorists expressing concerns over the rising costs. One NNPCL official, speaking anonymously, confirmed that the price adjustment occurred on Tuesday morning, and they are awaiting further directives to commence sales at the new price. Many motorists are distressed by the situation, with some recalling past fuel price reductions under…

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The Federal Government has dismissed claims that the Ministry of Petroleum Resources instructed the Nigerian National Petroleum Company Limited (NNPCL) to sell fuel at ₦1,000 per liter. In a statement issued on Tuesday by the Special Adviser on Media and Communication to the Minister for Petroleum Resources (Oil), Heineken Lokpobiri, Nnemaka Okafor, the report was labeled as false and designed to create confusion in the oil sector. The statement clarified that the Federal Government has never intervened in NNPCL’s pricing decisions, asserting that NNPCL operates independently under the Companies and Allied Matters Act with its own Board of Directors. It…

Aliko Dangote, Chairman of Dangote Group, announced on Tuesday that the pricing of petrol produced at his 650,000 barrels-per-day facility will be determined by the Federal Executive Council (FEC). Dangote stated that once final arrangements are made with the Nigerian National Petroleum Company Limited (NNPCL), petrol from the refinery could be available in the market within 48 hours. On the subject of pricing, Dangote said, “It is an arrangement designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu. As soon as it is finalized, we are ready to roll into the market.” He…

Dangote Refinery has rolled out its first batch of Premium Motor Spirit (PMS), also known as petrol, from its 650,000 barrels-per-day facility. At a press conference on Tuesday, Aliko Dangote, the refinery’s owner, celebrated the milestone, calling it “a celebration day” for Nigerians. Dangote assured citizens that the petrol produced would be of superior quality, stating, “You are now going to have good petrol while the engines of your vehicles will last longer. You will not be having an engine issue, which a lot of us were having. It won’t happen at all.” He further emphasized that the refinery’s fuel…

Taiwo Oyedele, the chairman of the Presidential Committee on Fiscal Policy, announced that the committee has proposed to the federal government the removal of taxes on essential items such as food, public transportation, and house rents. These measures aim to alleviate the financial burden on Nigerians and improve overall well-being. Speaking on a TV program in Abuja on Monday, Oyedele revealed that the proposal also includes exempting these basic necessities from value-added tax (VAT). He added that President Tinubu is expected to sign the proposal soon, after which it will be sent to the National Assembly for incorporation into the…