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Author: Akintayo Adams
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…
Tigran Gambaryan, one-half of the Binance Officials who is being held in Nigeria, on Tuesday, appeared at the Abuja Federal High Court struggling to walk. He is facing a money laundering charge alongside the cryptocurrency firm. Get instant and latest news updates via Our WhatsApp Community or Google News online channel.
Thousands of Galatasaray fans gathered at Istanbul Airport in the early hours of Monday to welcome Nigerian striker Victor Osimhen with immense enthusiasm. Despite his 3:30 a.m. arrival, Osimhen was greeted by cheering fans, chanting his name and creating an unforgettable atmosphere. This warm reception marks the start of Osimhen’s season-long loan move from Napoli to Galatasaray, a deal finalized after the European transfer window closed. Galatasaray will cover his €10 million salary, reportedly paying €8.8 million, with a break clause in January, allowing top clubs to explore options for the striker. Fans had been eagerly awaiting Osimhen’s arrival, staying…
Andrew Wynne, the British national accused by the Nigeria Police of plotting to overthrow President Bola Tinubu’s administration, has denied the allegations. Speaking from the UK on Channels Television’s Politics Today, Wynne expressed surprise at being labeled a fugitive and stated he was unaware of the charges against him. Earlier, the Nigeria Police placed a ₦20 million bounty on Wynne and his alleged accomplice, Lucky Obiyan, for reportedly organizing sleeper cells to destabilize the government. Wynne, who has been visiting Nigeria for 25 years and has operated a bookshop in Abuja for seven years, claimed he had never been of…
A nationwide strike gripped Israel on Monday, heightening pressure on Prime Minister Benjamin Netanyahu to negotiate a cease-fire and prisoner exchange deal with Hamas. The powerful labor union, Histadrut, spearheaded the strike after the bodies of six Israeli hostages were recovered from Gaza, sparking public outrage. Nearly 770,000 protesters took to the streets in cities like Tel Aviv. In a significant move, Ben-Gurion International Airport halted flights for two hours, signaling the broad impact of the strike. As frustration grows over the government’s handling of the hostage situation, the Israeli government has asked the Supreme Court to cancel the strike,…
The UK government has announced the suspension of around 30 export licenses for military equipment to Israel, following concerns over Israel’s compliance with international humanitarian law during its military operations in Gaza. Foreign Secretary David Lammy confirmed the decision, highlighting the possibility that some of the exported items could be involved in violations of international law. The suspended licenses cover components for military aircraft, helicopters, drones, and equipment used for ground targeting. This suspension affects 30 out of approximately 350 export licenses, but officials stressed that it does not constitute a full arms embargo. The UK government also noted that…