Author: Akintayo Adams

The Dangote Petroleum Refinery has warned that it may export its petroleum products to other countries if the Nigerian National Petroleum Company Limited (NNPCL) and local oil marketers fail to patronize the refinery. This statement was made by Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, during an appearance on the Brekete Family Show. The announcement followed the refinery’s recent commencement of petrol production, with Dangote President Aliko Dangote stating that the Premium Motor Spirit (PMS) would soon be available in the Nigerian market, depending on NNPCL’s response. Edwin mentioned that while the refinery has already…

The Nigeria Labour Congress (NLC) has strongly criticized President Bola Tinubu, accusing him of betrayal following a significant hike in fuel prices. In a statement signed by NLC President Joe Ajaero, the Congress expressed its dismay over the sudden increase in the pump price of Premium Motor Spirit (PMS), which it described as a breach of trust. The NLC highlighted that the agreement to accept a ₦70,000 national minimum wage was based on the understanding that fuel prices would not rise. The Congress accused the government of breaking its promises and adopting harsh market policies that have worsened the living…

The Nigeria Police Force has revealed that investigative journalist David Hundeyin and Michael Alade are believed to be accomplices of Bristol Isaac, also known as PIDOMNigeria, in connection with allegations of leaking classified documents, fraud, sedition, and tax evasion. According to Police Spokesperson Muyiwa Adejobi, PIDOMNigeria was arrested following a petition from the Office of the Secretary to the Government of the Federation. Adejobi stated that when operatives of the National Cybercrime Centre attempted to arrest PIDOM at a hotel in Port Harcourt, he resisted by locking himself in, destroying his phone, and flushing it down the toilet to conceal…

Binance Holdings Limited has expressed its willingness to resolve any alleged past issues with the Nigerian Government, urging the release of its detained executive, Tigran Gambaryan. Gambaryan, who was arraigned for alleged money laundering at the Federal High Court in Abuja, appeared in court without a wheelchair, relying on crutches despite visible pain. His lawyers have since filed a bail application based on medical grounds, also citing restricted access to him for trial preparation. However, the Economic and Financial Crimes Commission (EFCC) opposed the application. In a statement, Binance condemned the treatment of Gambaryan, expressing concern over his deteriorating health.…

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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…