Author: Akintayo Adams

In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery, Africa’s largest oil refinery, to Cameroon. The 650,000 barrels per day refinery disclosed this in a statement on Wednesday. Dangote Refinery said that the feat is the result of a strategic collaboration between the two companies, underscoring their commitment to strengthening economic ties between Nigeria and Cameroon while meeting the region’s growing energy demands. Reacting to the announcement, Aliko Dangote, President and CEO of the Dangote Group, noted that the export of PMS to…

The Nigerian Naira witnessed a notable depreciation yesterday, driven by heightened demand for dollars among importers and individuals traveling for tourism, health, and other purposes. The local currency faced sharp declines in both the parallel and official markets. In the parallel market, the Naira fell from ₦1,585 per dollar on Tuesday to ₦1,600 per dollar. Similarly, in the official market, the currency depreciated from ₦1,525 per dollar on Tuesday to ₦1,545 per dollar. Economic analysts attribute this depreciation to several factors, including increased dollar demand and speculative activities. The situation raises concerns about the potential impact on inflation and the…

The Gateway International Agro-Cargo Airport in Ogun State has been approved for commercial operations. The Nigerian Civil Aviation Authority (NCAA), Nigerian Airspace Management Agency (NAMA), and Nigerian Meteorological Agency (NiMet) certified the airport after a thorough inspection. The inspection team praised the airport’s state-of-the-art infrastructure, describing it as “world-class” and a “source of pride for Ogun State”. The airport, located along the Ilisan-Iperu axis, boasts critical facilities such as a control tower, weather monitoring systems, runway, fire service stations, and apron, all meeting international standards. Governor Dapo Abiodun’s administration has been commended for the quality of work executed, with the…

Shooting Stars FC has declared two players, Victor Ehibe and Abubakar Adeyemi, Absent Without Official Leave (AWOL). The club’s media officer, Tosin Omojola, released a statement informing the public about their sudden disappearance. Victor Ehibe reportedly left the club’s camp, taking all his belongings without any official notice. Abubakar Adeyemi has not shown up for training for some time. The club has warned other clubs against dealing with these players, as they still hold ownership rights over them based on their existing contracts. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

FIFA has announced the host nations for the 2030 and 2034 World Cups. For the 2030 tournament, Spain, Portugal, and Morocco will be the main hosts, with Uruguay, Argentina, and Paraguay hosting some matches to celebrate the World Cup’s 100th anniversary. For the 2034 World Cup, Saudi Arabia has been confirmed as the host. This will be the second time a Middle Eastern nation has hosted the tournament, following Qatar in 2022. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Sunshine Stars FC of Akure has confirmed the appointment of Abubakar Bala as their new head coach. Bala will take over following the resignation of Kennedy Boboye last month, who cited interference from the club’s management as the reason for his departure. Assistant coach Bobola Akinfolarin has been temporarily in charge since Boboye’s exit. Bala brings experience from managing the Nigerian National League club, Doma United, and has also had stints with Niger Tornadoes, Kwara United, and Lobi Stars. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.

Access Holdings Plc has announced that its banking subsidiary, Access Bank UK Limited, has established its first fully owned subsidiary in Malta. The new entity, Access Bank Malta Limited, has received licensing approvals from both the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA). This strategic expansion aims to enhance trade connectivity between Europe and Africa, leveraging Malta’s position as an international financial hub. The move underscores Access Bank’s commitment to driving global trade, financial integration, and supporting businesses across these regions. Managing Director and CEO of Access Bank Plc, Roosevelt Ogbonna, stated that establishing operations in…

The Federal Government has canceled the approval for the Osun State International Airport project. This decision follows a request from the Minister of Aviation and Aerospace Development, Festus Keyamo, due to unresolved disputes surrounding the project’s relocation from Ido-Osun to Ede. Governor Ademola Adeleke had planned the foundation-laying ceremony for December 13, but the Ministry of Aviation has asked for a postponement until the issues are resolved. The relocation has sparked controversy, with a state government committee reporting that the original site in Ido-Osun did not meet basic aviation requirements, prompting the move to Ede. The Ministry emphasized the need…

Edo State Governor, Monday Okpebholo, faced an awkward moment during the presentation of the state’s 2025 budget proposal. While presenting the N605 billion appropriation bill to the State House of Assembly, Okpebholo struggled to articulate the figures, repeatedly stuttering and causing laughter and murmurs among lawmakers. As seen in a video on social media, the governor stuttered, “The Edo State 2025 Appropriation Bill of 6 billion… 650… 605 billion… 76 thou… 76 million… “Let me take it again. 506 billion… 605 billion… sorry… 776 billion… sorry, it’s confusing me.” Okpebholo concluded, “605 billion and details of the budget proposed… proposal…

Edo State Governor, Monday Okpebholo, delivered an emotional valedictory speech on the Senate floor, reflecting on his time representing Edo Central Senatorial District. Okpebholo, who joined the 10th Senate in June 2023, expressed gratitude for the support and camaraderie he experienced during his tenure. In his speech, he highlighted the significance of his colleagues’ support, particularly thanking Senate President Godswill Akpabio, Deputy Senate President Barau Jibrin, and Senate Majority Leader Opeyemi Bamidele. Okpebholo emphasized the importance of their advice and encouragement throughout his campaign and legislative career. He also acknowledged the warm relationships and collaborative efforts within the Senate, which…