Author: Akintayo Adams

The Central Bank of Nigeria (CBN) has mandated that all Point of Sale (PoS) transactions in Nigeria be routed through licensed Payment Terminal Service Aggregators (PTSAs). This directive aims to improve the tracking and management of electronic transactions nationwide. The CBN granted Unified Payment Services Limited a second PTSA license in April 2024, in addition to the existing license held by Nigeria Interbank Settlement System Plc since 2011. The move is intended to address concerns over routing all PoS transactions through a single aggregator. Key directives include: The CBN warned that non-compliance with these regulations would lead to sanctions, while…

The Polaris Dawn crew, aboard SpaceX’s Dragon capsule, successfully returned to Earth after completing a five-day mission in orbit. The mission, led by billionaire Jared Isaacman, made history as the first commercial spacewalk, setting a milestone for private space travel. The Dragon capsule, named Resilience, splashed down off the coast of Florida at 08:30 BST, with the event broadcast live by SpaceX. The crew included Isaacman, retired US Air Force pilot Scott Poteet, and SpaceX employees Sarah Gillis and Anna Menon. Notably, Isaacman and Gillis became the first non-professional astronauts to perform a spacewalk. They exited the Dragon spacecraft, floating…

The Nigerian National Petroleum Company (NNPC) has announced the estimated prices of petrol sourced from the Dangote Refinery for distribution across its retail stations nationwide. In a statement released early Monday, the NNPC emphasized that, in line with the Petroleum Industry Act (PIA), petrol prices are not determined by the government but are negotiated between the parties involved. The NNPC confirmed that for September 2024, payments to the Dangote Refinery were made in USD, with Naira-based transactions set to begin on October 1, 2024. The company also assured that any discounts from the Dangote Refinery would be passed on fully…

281 inmates have taken advantage of the current dam overflow to escape from the correctional center in Maiduguri, the Borno State capital. However, 7 have been recaptured. In a statement by the Service’s Public Relations Officer, Umar Abubakar, it was revealed that officers, with support from other security agencies, successfully evacuated inmates to a secure location. However, during the process, it was discovered that 281 inmates were unaccounted for. He claimed the flooding, which occurred on Tuesday, breached the facility’s walls, leading to the escape of several inmates. The Service has the details and biometrics of the escapees and has…

The Nigerian National Petroleum Company Limited (NNPC) has confirmed it purchased Premium Motor Spirit (PMS), or petrol, from the Dangote Refinery at a rate of ₦898 per litre. This marks the beginning of petrol lifting from the refinery, which has a capacity of 650,000 barrels per day, with over 300 trucks collecting the initial batch. Contrary to earlier reports, NNPC spokesperson Olufemi Soneye clarified that the petrol was not purchased at ₦760 per litre but at ₦898. Over 70 trucks have already been loaded. Finance Minister Wale Edun also confirmed that NNPC will be the exclusive distributor of petrol from…

Donald Trump was the target of what the FBI described as an “attempted assassination” at his golf club in West Palm Beach, Florida, on Sunday, marking the second such incident in just nine weeks. The former president and Republican presidential nominee confirmed he was safe, while authorities took a man into custody. U.S. Secret Service agents, positioned several holes away from where Trump was playing, spotted the muzzle of an AK-style rifle protruding from the shrubbery about 400 yards from the course. A nearby agent immediately fired, prompting the gunman to drop the weapon and flee the scene in an…

A Pastor, Ìdòwú Bọ́lájí of Harvesters International Christian Center, Lekki, Lagos has offered free transportation to-and-fro workplaces for residents of the state. This is due to the current economic hardship compounded by the hike in fuel price. He made the announcement on his X, formerly known as Twitter handle @pastorbolaji on Saturday. The free ride is available on Mondays and Wednesdays. It is to serve people living and working in areas such as CMS, Ajah, Ikate, Chisco and “With everything going on, let’s support each other !Here is FREE TRANSPORTATION TO WORK !It’s free for everyone ! Share , someone…

The Dangote refinery is selling petrol to the Nigerian National Petroleum Corporation (NNPC) at ₦766 per litre, according to multiple sources from the Federal Ministry of Petroleum Resources, NNPC, and major energy marketers. This agreement, which involves the sale of crude oil to the Dangote refinery in naira, has been identified as a key factor affecting the current price of petrol. “This arrangement is similar to the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) transactions previously used with foreign refineries,” a major marketer, who requested anonymity. “This deal has positively impacted the petrol price Dangote…

The newly-built Dangote Refinery has commenced loading of Premium Motor Spirit (PMS). This is a fulfilment of an earlier statement by the Nigerian National Petroleum Company Limited (NNPCL), in which it confirmed that it will begin lifting Premium Motor Spirit (PMS) from the Dangote Refinery on September 15, 2024. On Saturday, the Nigerian National Petroleum Company (NNPC) Limited further announced that around 300 trucks have arrived at the Dangote Refinery ahead of the planned loading of petrol. Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

King Charles is expected to call his son, Prince Harry, on his 40th birthday, according to sources close to the Royal Family. This gesture is seen as a potential sign of improving relations between the Sussexes and the monarchy. The King plans to reach out to Harry via Skype on Sunday afternoon UK time, aiming to connect with his son as he wakes up in California. The source revealed, “The King will reach out to Harry on his birthday. Although the family is not as close as they once were, there is still a lot of love there.” The call…