Author: Samuel Akpenpuun

The Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday distanced itself from reports circulating in the media that the commission plans to regulate prices in the Nigerian market.In a statement issued on Tuesday by its spokesman, Ondaje Ijagwu, he stated that price control is entirely outside the scope of their responsibilities.According to FCCPC, while external factors such as foreign exchange fluctuations and the removal of fuel subsidies have significantly impacted pricing, these do not justify unfair practices that exploit consumers.“We categorically assert that prices in a competitive marketplace are determined solely by the forces of supply and demand. Price…

The Nigeria National Petroleum Company Limited (NNPCL) has admitted that its financial strain may affect the sustainability of petrol supply. Its admittance came on the heels of reports that it is indebted to suppliers to the tune of about $6 billion. According to the reports, supply agents have been reluctant to make the product available. The development has forced the oil giant to resort to stock rationing and to prevail on major suppliers not to cut off supply. No fewer than five vessels meant for Nigeria have refused to discharge fuel to NNPCL due to fear of non-payment, one of…

Late Nigerian music icon Onyeka Onwenu, also known as Elegant Stallion, will be laid to rest today in Lagos. Onwenu passed away on July 30 at Reddington Hospital, Ikeja, after collapsing at an event honoring Dr. Stella Okoli, the Managing Director of Emzor Pharmaceuticals. The family has announced that the funeral service will be held at the Fountain of Life Church in Ilupeju, followed by a private burial at a vault in Ikoyi. According to the funeral flyer, the Service of Songs is scheduled from 10:00 AM to 12:00 PM, while the burial will take place from 2:00 PM to…

President Bola Tinubu has urged the newly appointed Brazilian ambassador to Nigeria, Carlos Areias, to prioritise the establishment of direct flights between Nigeria and Brazil. Tinubu revealed this in Abuja on Thursday after receiving the letter of credence from the Brazilian ambassador. He reiterated his discussions with President Lula da Silva of Brazil on the matter, in February, on the margins of the African Union Summit, in Addis Ababa, Ethiopia. The president expressed Nigeria’s commitment to working closely with Brazil to strengthen bilateral relations and advance shared priorities, welcoming the country’s presidency of the G20 in 2024. President Tinubu also…

President Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala as Executive Director, Corporate Finance & Risk Management and Executive Director of, Large Enterprises Directorate respectively to the Bank of Industry (BOI). In a statement on Tuesday, a spokesman for the bank, Theodora Amechi, said the appointments take immediate effect. Akinde is a finance professional with over 20 years of Investment and Corporate Banking experience and an extensive track record covering capital raising (Debt, Equities and Hybrids) as well as Corporate Finance (Mergers & Acquisitions, Privatization Advisory and Project Finance). Before joining the Bank of Industry, he was an Associate…

The Federal Government and the Academic Staff Union of Universities have scheduled a follow-up meeting for September 6, 2024. The Minister of Education, Prof. Tahir Mamman, made this known at the end of a meeting with the union leadership on Wednesday at the Federal Ministry of Education. Following resolutions reached at the union’s national executive council meeting held at the University of Ibadan on August 19, 2024, public university lecturers threatened to go on a nationwide strike over the Federal Government’s failure to honour the 2009 renegotiated agreement. ASUU’s demands include improvements in welfare and university funding and halting the…

The Police in Abuja have arrested a Naval Personnel, Able Seaman Abdulrashid Mohammed, who was a Guard at the home of a former Chief of Naval Staff, Vice Admiral Ishaya Iko Ibrahim, for the murder of the son of the ex-naval Chief. FCT Police Commissioner, Benneth Igweh said the Navy Rating had two Sundays ago, August 18, 2024, robbed Aminu Ibrahim, the son of the former CNS at Maitama, of the SUV and subsequently opened fire on him, killing him instantly. Able Seaman Abdulrashid Mohammed who is 30 years old was arrested four days after the Police launched a Manhunt…

A meeting between the federal government and the Academic Staff Union of Universities, ASUU, has begun in Abuja. The meeting is coming following a recent threat by the university lecturers’ union to down tools over the alleged federal government’s failure to meet its demands. Recall that following the threat, the Minister of Education, Prof. Tahir Mamman had hinted last Friday, during a briefing to mark his one year in office that the government would meet with representatives of ASUU last Monday. But the two parties could not meet again on Monday, even as reasons were not advanced for the failure.…

The Kogi State Governor, Ahmed Ododo, has approved the appointment of 12 new Permanent Secretaries in the state’s public service, representing their respective constituencies to fill the available vacancies. This was contained in a statement issued by the Head of Service, Mr Elijah Evinemi. The Governor stressed that the Permanent Secretaries were carefully selected based on merit, fairness, and justice. While congratulating the successful candidates, the Head of Service, Mr Elijah Evinemi FCA, urged the new Permanent Secretaries to meet expectations in the discharge of their duties with utmost loyalty, dedication, and integrity. The new Permanent Secretaries include Momoh Aziz…

The Anambra State Government said it has ordered the immediate closure of Upcoming Star International School, Awka over the alleged bullying of a seven-year-old pupil. The state Commissioner for Education, Prof. Ngozi Chuma-Udeh, disclosed this in a statement late on Tuesday, adding that the state government acted based on a report that the pupil’s classmate allegedly broke her leg. Chuma-Udeh said when the school’s proprietor was invited for questioning, it was discovered that the school was not even approved to operate. She said the pupil was bullied by her classmate which led to a broken leg. She said, “The pupil…