Author: Festus Adeloye

The national average retail price for Premium Motor Spirit otherwise known as petrol increased year-on-year, YoY, by 37.44 percent to N750.17 per litre in June 2024 from N545.83 per litre recorded in the corresponding period of 2023. On a month-on-month, MoM basis, the average retail price decreased by 2.53 per cent from N769.62 per litre in May 2024. The National Bureau of Statistics, NBS, report on Premium Motor Spirit,(Petrol) Price Watch for June 2024 disclosed that Benue State topped the price chart for the product at N864.55, followed by Jigawa and Rivers States with N847.00 and N810.00 respectively. However, Lagos,…

A Federal High Court sitting in Abuja on Wednesday, adjourned proceedings on the alleged money laundering case instituted by the Economic and Financial Crimes Commission against a former Governor of Kogi State, Yahaya Bello, to September 25. The trial judge, Justice Emeka Nwite, while delivering a ruling in an application for a stay of proceedings by Bello’s lead counsel, Mohammed AbdulWahab, held that proceedings would continue despite the appeal filed by the defendant before the Court of Appeal. Justice Nwite said, “The grant of Stay of Proceedings is at the court’s discretion. And since it is an issue of discretion…

The Labour Party (LP) on Wednesday said he won’t join issues with Joe Igbokwe, a chieftain of the ruling All Progressives Congress (APC) in Lagos State. Igbokwe, who described himself as the leader of Ndigbo in Lagos APC had issued a statement where he claimed the planned nationwide protest was being sponsored by the LP. Acccording to him “The Endsars bandits are gathering again, and this time, we see hands of Labour Party followers everywhere. They are yet to come to terms with the colossal loss of 2023 Presidential Elections . They are still bitter to the marrows. They are…

President Bola Tinubu on Wednesday launched the Nigerian Education Loan Fund (NELFund) in the council chamber of state House. In attendance at the inauguration is the leadership of the National Assembly, the Secretary to the Government of the Federation, some ministers, heads of agencies, and members of the board and management team of the Nigerian Education Loan Fund led by the board chairman, Jim Ovia. After launching the portal, President Tinubu handed out symbolic cheques to students and some institutions. On his part, the MD/CEO of the Nigerian Education Loan Fund, Akintunde Sawyerr, said the portal has received over 110,…

The United Arab Emirates (UAE) has said it is not aware of the requirement for Nigerians to have a $10,000 bank balance and pay N640,000 application fee to obtain its visa. Recall on Monday, the Federal Government of Nigeria through the Minister of Information and National Orientation, Mohammed Idris announced that the Federal Government and the UAE authorities have reached an agreement vacating travel restrictions imposed on Nigerians with immediate effect. The minister revealed that Nigerian passport holders can now travel to the UAE without any hindrance. Following this recent development, the minister urged Nigerians seeking updated information on UAE…

The Kano State Commissioner for Higher Education, Dr. Yusuf Kofar-Mata, on Wednesday, lost three of his family members to an early morning fire outbreak that gutted his residence at Kofar-Mata quarters in Kano metropolis. The incident occurred early Wednesday while members of the family were said to be asleep. However, the commissioner was said to have narrowly escaped the disaster but lost his daughter, Maimuna, his elder sister Khadija and one Juwairiyya; also a close relative to the incident. It was gathered that several valuables were destroyed in the fire, but no official report is available to ascertain yet. When…

The House of Representatives on Wednesday passed for second reading a bill seeking to amend the Appropriation Act, 2024 to provide for the issuance of N6.2tn from the Consolidated Revenue Fund of the Federation. The executive bill which was read on the floor of the Green Chamber by the House leader, Julius Ihonvbere is made up of N3.2trn for capital expenditure while the sum of N3tn is for recurrent expenditure for the year ending December 31, 2024. Recall that on May 29, 2024, President Bola Tinubu pledged his readiness to transmit a supplementary budget to the National Assembly for consideration…

Two Commissioners in Abia State have allegedly resigned their appointments. The affected Commissioners include the Commissioner for Agriculture, Professor Monica Ironkwe; and her science and technology counterpart, Chima Oriaku. No official statement has been issued on the development. But an online platform reported that the duo were sacked by Governor Alex Otti. Efforts to get confirmation from the Chief Press Secretary to the Governor, Ukoha Njoku, were not successful as at the time of filing this report as he did not pick calls put across to him. But when the link of the trending online report was sent to him…

The ruling All Progressives Congress (APC) says comments from Nigerians that President Bola Tinubu has been making appointments in a lopsided manner is false. The party’s National Publicity Secretary, Felix Morka who stated this while featuring as a guest on ‘Politics Today’, a programme on Channels Television says it is natural for the president to appoint those he knew and has worked well with him in the past into his government. Citing the example of a chef, Morka said any leader elected into office will always appoint a cook who has been making his food for a long time rather…

Justice Deinde I. Dipeolu of the Federal High Court sitting in Ikoyi, on Monday, July 15, 2024, ordered the final forfeiture of 20 cars stolen from Canada to Nigeria. The cars are forfeited to the Federal Government of Nigeria. The Judge gave the order following a motion on notice filed by the Economic and Financial Crimes Commission, EFCC. The forfeited cars are Black colour SUV 400, White 4MATIC Mercedez Benz; SUV MDX SH-AWD Acura; Grey colour SUV RS 350L Lexus; Deep Blue SUV RX 350 Lexus, White Toyota 4Runner 2015; White 2020 model Lexus RX 350; White 2019 Lexus RX…