Author: Akintayo Adams

Nigeria’s headline inflation rate decreased to 32.15% in August 2024, according to the National Bureau of Statistics (NBS), marking a second consecutive monthly slowdown. This is a slight drop from the 33.4% recorded in July 2024. The NBS Consumer Price Index report highlighted a slower rise in the average price level, with month-on-month inflation at 2.22%, down from 2.28% in July. However, year-on-year, inflation was 6.35% higher than the 25.8% recorded in August 2023. Food inflation for August 2024 stood at 37.52%, adding pressure to consumers already facing high prices despite a slowdown in overall inflation growth. Get instant and…

Former US President Donald Trump has openly expressed his disdain for pop star Taylor Swift following her endorsement of Vice President Kamala Harris. After Tuesday night’s presidential debate, Swift’s endorsement sparked a significant rise in voter registration, but a recent poll suggests her influence had minimal impact on voter preference. The poll, conducted between September 11 and 13, 2024, surveyed 3,276 adults. It found that 81% of respondents were not influenced by Swift’s endorsement. Among women under 30, 8% said they were more likely to support Harris, 13% were less likely, and 78% said it made no difference. In response…

The Lagos State Environmental Protection Agency (LASEPA) has sealed Donald’s Fast Food, a restaurant owned by Pascal Chibuike Okechukwu, popularly known as Cubana Chiefpriest, due to persistent noise pollution and environmental violations. Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, announced the closure on Sunday via his X social media handle. According to Wahab, the fast food outlet, located on Adebayo Doherty Street, Lekki 1, was sealed after repeatedly failing to comply with environmental regulations despite receiving several warnings and abatement notices. Wahab stated, “After several warnings and abatement notices, LASEPA sealed Donald’s Fast Food on Adebayo Doherty…

Job Opportunity: Sales Executive at AK Swift Logistics Limited Company Overview: AK Swift Logistics Limited, a licensed Nigerian Customs agent, is seeking a qualified Sales Executive to join their team in Lagos. Apply || Social Media Manager at Miva Open University Job Overview: Job Type: Full Time Qualification: BA/BSc/HND Experience: 2 – 5 years Location: Lagos Salary Range: ₦150,000 – ₦200,000/month Key Responsibilities: Requirements: Note: Applications are open to male candidates only. Apply || Backend Developer (Remote) at Intraverse Africa How to Apply: Interested and qualified candidates should apply via AK Swift Logistics application form. Deadline: Applications are accepted until the…

Nigerian singer Portable recently met Peter Obi, the Labour Party’s 2023 presidential candidate, at the airport in Benin City. A video circulating on social media shows the two exchanging pleasantries. After the encounter, Portable expressed disappointment in a follow-up video, stating that Obi did not give him anything, and suggested that President Bola Tinubu would have offered him money if it had been him. “Obi cannot give us anything. Obi didn’t give us anything. If it was Tinubu we met, he would have given us something. Let’s go,” he said. Get instant and latest news updates via Our WhatsApp Community or Google News online…

Dangote Refinery’s Vice President of Oil and Gas, Devakumar Edwin, has announced that the refinery’s production capacity can meet 44% of Nigeria’s daily petrol (PMS) demand. Speaking during a press briefing on Sunday, Edwin highlighted the commencement of petrol lifting as a significant step towards solving Nigeria’s long-standing PMS supply challenges. He emphasized the refinery’s ability to produce over 54 million liters of PMS daily when processing 650,000 barrels of crude oil. Edwin noted that while 44% of this production will cater to the entire domestic demand, the remaining 56% will be exported, providing the country with a means to…

Dangote Refinery has refuted claims by the Nigerian National Petroleum Company Limited (NNPCL) that it sold petrol (PMS) to them at ₦898 per liter. In a statement signed by Anthony Chiejina, the Group Chief Branding and Communications Officer of Dangote Company, the refinery described the NNPCL’s claims as “misleading and mischievous.” Chiejina urged the public to disregard these claims and wait for an official announcement from the Technical Sub-Committee on Naira-based crude sales to local refineries, which will begin operations on October 1, 2024, under the direction of President Bola Ahmed Tinubu. According to Dangote Refinery, their current crude stock…

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…