News

Oil marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have said the prices of refined petroleum products are to drop further following the commencement of operations at the Warri Refining and Petrochemicals Company Limited.Dealers in the downstream oil sector said competition in the space would now be stiffer, as domestic refiners would be forced to reduce prices to get buyers....

The Nigerian Navy says it is committed towards ensuring that the nation’s daily crude oil production increases from 1.8 million barrels to three million barrels by December, 2025 in line with the directive of President Bola Tinubu....

President Bola Tinubu has hailed the reopening of the Warri Refining and Petrochemical Company as a monumental achievement for the country....

The Indigenous People of Biafra has insisted that the release of its leader, Mazi Nnamdi Kanu, would end the insecurity in the South-East, contrary to the opinion of the Anambra State Governor, Prof. Chukwuma Soludo.The group also bragged that ‘If Kanu is released and insecurity does not cease in its entirety within two weeks, IPOB shall cease to exist’.Soludo, during a press briefing at the Go...

The Rivers State Governor, Siminialayi Fubara, has presented the state’s 2025 Appropriation Bill of 1.19tn to the Victor Oko-Jumbo-led House of Assembly.Presenting the appropriation bill, Fubara said out of the amount, N462bn was projected for Recurrent Expenditure while Capital Expenditure was to gulp N678bn.Fubara said the planning reserve stood at N35.7bn with a closing balance of N12.9bn noting t...

The Chairman of the All Progressives Congress (APC), Cornelius Ojelabi, has announced that elections will be held in the existing 20 local governments and 37 Local Council Development Areas (LCDAs) in Lagos State.The announcement came in response to claims suggesting that the elections may not be held in all 57 councils.Ojelabi’s announcement was contained in a statement he signed on Monday, December...

A Federal High Court in Abuja has approved the Economic and Financial Crimes Commission’s (EFCC) application to freeze 24 bank accounts domiciled in different banks over allegations of terrorism financing.Justice Emeka Nwite, who granted the application after the EFCC’s lawyer, Martha Babatunde, moved an ex-parte motion to the effect, gave the commission the go-ahead to freeze the accounts for 90 days pending th...

President Bola Tinubu has consented to a proposal to establish a federal university in Southern Kaduna.This is according to Vice President Kashim Shettima, who also disclosed that there are ongoing discussions to establish a Federal Medical Centre in Kafanchan, Kaduna State.According to his spokesman, Stanley Nkwocha in a statement on Monday, Shettima gave the hint during a condolence visit to the Kukah fa...

Former President Olusegun Obasanjo has attributed Nigeria’s current challenges to both the actions of its leaders and followers’ contributions.However, Obasanjo urged Nigerians to remain hopeful and not lose faith as the new year begins, despite the difficulties facing the country.Also, Obasanjo expressed confidence that Nigeria will soon assume its rightful position among nations, e...

The Association of Luxury Bus Owners of Nigeria, ALBON, has announced an increase in the number of scheduled trips on the Lagos-Southeast and Lagos-Southsouth routes which will last until the end of the Christmas/New Year season.This is in response to the complaints of insufficient capacity to address the upsurge in the number of passengers on the affected routes.The upsurge followed the implementation of ...