Author: Akintayo Adams

The Federal Government, through the Ministry of Solid Minerals Development, has announced a new set of rates for the mining sector. This, according to the FG is to enhance the ease of doing business and consolidate ongoing reforms. The announcement was made at a press conference on Saturday, the Minister of Solid Minerals Development, Dr. Dele Alake. The review highlighted the federal government’s dedication to boosting revenue from solid minerals to improve services and strengthen mining’s role in economic growth. Under the updated framework: The new regulations, developed with industry stakeholders, aim to reduce speculation and tackle funding shortfalls that…

The Corporate Affairs Commission has extended the deadline for mandatory registration of Point of Sales agents, super agents, and sole agents to September 5, 2024. This extension was announced in a statement by its management and posted on its Facebook page on Saturday, providing a 60-day grace period. “The Corporate Affairs Commission wishes to notify Fintech Operators also known as Point of Sales Operators that the initial deadline of 7th July 2024 given for the registration of sole Agents, Super Agents, and Agents has been extended for sixty days beginning from 7th July 2024 to the 5th September 2024,” the…

Nigeria has been struck by a nationwide power outage following a system collapse of the national grid on Saturday. Emeka Ezeh, the Head of Corporate Communications at Enugu Electricity Distribution Company, revealed in a notice that the collapse occurred around 15:09 hours on Saturday. Consequently, bulk electricity supply from the Transmission Company of Nigeria’s National Control Centre has been disrupted. According to EEDC, this disruption is the reason for the loss of power supply in the Southeastern states of Abia, Anambra, Ebonyi, Enugu, and Imo. “This has resulted in the loss of supply currently being experienced across the network. “Due…

Troops of the Nigerian Army deployed for a special clearance operation in Sambisa Forest, have eliminated 11 Islamic States of West Africa Province terrorists. The Nigerian Army, in a statement on its official X Handle, disclosed this on Saturday. The operation was executed through coordinated special clearance efforts by a hybrid force on a terrorist stronghold in Jongo Village within the notorious Sambisa Forest. Troops engaged the terrorists in a fierce gunfight, causing some to flee while others were killed. The army stated that further exploitation of the enclave led to the capture of several arms, including 99 rounds of…

Businessman, Ismaila Mustapha aka Mompha, has described the Economic and Financial Crimes Commission, EFCC, as a “useless” and corrupt organisation. Mompha reacted sharply to the EFCC’s recent revelation that N35 billion was found in his bank accounts. During the trial, Idi Musa, an EFCC investigator, testified that the funds were discovered in two accounts linked to Mompha. Mompha, along with his company Ismalob Global Investment Limited, faces eight charges, including conspiracy to launder illegally obtained funds, retention of criminal proceeds, and failure to disclose assets. The trial, ongoing since January 2022, saw new developments with the latest testimony from the…

The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has advised Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, to beg the Nigerian government to secure his freedom. Primate Ayodele warned that the embattled IPOB leader would die in detention if he did not plead with the Nigerian government for his release. Ayodele offered this advice during the launch of his 30th “Warning to the Nations” at his church in Lagos on Saturday. “Nigeria will break but not through Nnamdi Kanu or Sunday Igboho, Kanu should beg the government before he is released or else he will…

General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has warned ministers of the gospel about the dangers of sexual immorality. The 82-year-old Cleric said anointing alone is not enough to resist such temptations. Adeboye spoke during the recent Ministers & Workers Conference of RCCG Americas 1, which covers regions in North, Central, and the Caribbean. While sharing his personal strategies for avoiding sexual temptations, Adeboye, who has over four and a half decades of pastoral experience, said he is still wary of sexual immorality despite his ‘anointing’ and years in the ministry. He said: “Despite…

Iran’s reformist candidate Masoud Pezeshkian on Saturday won a runoff presidential election against ultraconservative Saeed Jalili, the interior ministry said. Pezeshkian received more than 16 million votes and Jalili more than 13 million out of about 30 million votes cast, electoral authority spokesman Mohsen Eslami said, adding that voter turnout stood at 49.8 per cent. The number of spoiled or voided ballots was reported to be over 600,000. Pezeshkian said the vote was the start of a “partnership” with the Iranian people. “The difficult path ahead will not be smooth except with your companionship, empathy, and trust. I extend my…

US President, Joe Biden, has claimed only God can convince him to quit the presidential race. There have been calls from different quarters for Biden to step down following a poor outing at the Presidential Debate with Republican candidate, Donald Trump, on June 27. But, speaking with ABC News on Friday, Biden said: “I mean if the Lord Almighty came down and said, ‘Joe, get outta the race’, I would get outta the race. The Lord Almighty’s not coming down. I mean, these hypotheticals. “I don’t think anybody is more qualified to be president or win this race than me.…

President of the Petroleum Products Retail Outlets Owners Association (PETROAN), Billy Gillis-Harry, has revealed that the non-supply of Premium Motor Spirit (Petrol) by the Nigerian National Petroleum Company Limited (NNPCL) is the reason for the product scarcity in the states of the Federation. Gillis-Harry disclosed this in an exclusive interview with DAILY POST on Saturday, reacting to the re-emergence of fuel queues in Nigeria. “Yesterday (Friday), I went to over fifteen filling stations in Abuja, including NNPCL retail outlets, but there is no product. If they say they increase prices, it is their own thing. You sell according to how…