Author: Akintayo Adams

Devakumar V.G. Edwin, Vice President of Dangote Industries Limited, has expressed disappointment over the limited patronage of Dangote Refinery’s products by local marketers. Despite the refinery’s large production capacity, only about 3% of its output is being purchased locally, while the remaining 97% is exported due to a boycott by Nigerian traders who prefer to import refined products instead. Speaking during an X Space session, Edwin highlighted that the refinery was established with the intent of utilizing Nigeria’s local crude oil to reduce dependency on imported petroleum products. He explained that local traders’ refusal to buy from the refinery has…

A student from the Federal University, Lokoja, identified as Jeremiah, has been arrested for the alleged abduction and murder of Damilola, a 100-level Biology student from the same institution. Jeremiah, who hails from Kaduna State, is accused of abducting Damilola and taking her to an uncompleted building. After receiving a ransom of N400,000 from her family, he reportedly killed her and removed some of her vital organs. Following the murder, the suspect allegedly demanded an additional N10 million from Damilola’s family. However, police tracked and arrested him. Jeremiah has since confessed to the crime and led authorities to Damilola’s remains.…

The Swedish government has announced a substantial increase in financial grants for immigrants who voluntarily choose to return to their home countries, set to take effect in 2026. Immigrants will be eligible for up to 350,000 Swedish kronor ($34,000) as part of the new policy. This represents a major shift in Sweden’s migration approach, spearheaded by the right-wing government supported by the anti-immigration Sweden Democrats. Migration Minister Johan Forssell described this as part of a “paradigm shift” in Sweden’s migration policy. Previously, migrants received a maximum of 10,000 kronor per adult, 5,000 kronor per child, with a 40,000 kronor cap…

The Naira saw a significant rebound against the dollar at the official foreign exchange market on Wednesday, September 11, following the Central Bank of Nigeria’s (CBN) intervention with the sale of $60 million in forex to select banks. Despite this positive development, the move is expected to slightly decrease Nigeria’s forex reserves, which stood at $36.30 billion as of September 4. The CBN’s action comes as part of efforts to provide more liquidity to the domestic forex market, aiming to strengthen the Naira against major global currencies. The Presidency welcomed the rebound, with Bayo Onanuga, the Special Adviser to the…

Seventeen out of 18 political parties contesting the September 21, 2024 Edo State governorship election signed a peace accord to ensure a peaceful election. However, the Peoples Democratic Party (PDP), represented by its chairman, Anthony Aziegbemi, and its candidate, Asue Ighodalo, declined to sign. Aziegbemi stated that their refusal was in protest against the detention of 10 party members by the police in Abuja. The Inspector-General of Police, Kayode Egbetokun, mentioned he was unaware of any specific arrests of PDP members but acknowledged that individuals involved in crimes and political violence in the state had been detained. Bishop Matthew Hassan…

King Charles III welcomed President Bola Ahmed Tinubu to Buckingham Palace, reinforcing the deep diplomatic ties between Nigeria and the UK. This private meeting, held on Wednesday, marks the first time the two leaders have met since their encounter at the COP 28 Climate Summit in Dubai. According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, the meeting took place at the King’s request. During their discussions, both leaders emphasized the shared priority of addressing the complex global challenge of climate change. President Tinubu affirmed Nigeria’s dedication to combating climate change while maintaining its energy security…

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