News

Friday, 23 August 2024 04:52

FG laments as industries shun national grid after ‘Band A’ tariff hike

The Minister of Power, Adebayo Adelabu, has expressed concern over the increasing trend of bulk electricity consumers abandoning the national grid in favour of generating their own electricity. This comes in the wake of a controversial electricity tariff hike implemented last April, which saw rates increase by more than 200 percent for Band A consumers - those with 20 hours or more of daily power supply. Adelabu emphasized that grid connection remains a more reliable power source than the captive power plants currently favored by many bulk electricity consumers. He expressed frustration that despite achieving a record generation of 5,155MW,…

Friday, 23 August 2024 04:51

The Tinubus no longer have stakes in OVH which took over NNPCL retail, NNPCL replies Atiku

The Nigerian National Petroleum Company (NNPC) Limited says President Bola Tinubu and Wale Tinubu, chief executive officer (CEO) of Oando, do not have any interest in the OVH Energy acquisition. The NNPC was, however, silent on the allegation by Atiku Abubakar, former vice-president, that OVH Energy — previously owned by the national oil firm — has now acquired NNPC Retail. “This absurd situation means that Wale Tinubu’s Oando now owns 49% of NNPC retail,” Atiku had said. Stressing the growing lack of transparency in the state-owned oil company, the former vice-president also said the NNPC has been hijacked by “corporate…

Thursday, 22 August 2024 04:41

FG increases passport fees

The federal government has approved an upward review of the passport fees. This is contained in a statement by the Service Public Relations Officer (SPRO) of the Nigeria Immigration Service (NIS), Kenneth Udo, on Wednesday in Abuja. According to him, the new charges take effect from 1 September. “Based on the review, 32-page passport booklet with five year validity previously charged at N35,000 would now be N50,000 only. “The 64-page Passport booklet with 10-year validity, which was N70,000, would be N100,000 only.” However, the statement said the fees remain unchanged in for Nigerians in the Diaspora. “The Service regrets any…

Wednesday, 21 August 2024 04:31

NNPC retail acquired OVH, but the bought company now runs the affairs of its buyer. Here are details of ‘the most ridiculous business acquisition in the world’

As Nigerians grapple with soaring petrol prices and widespread scarcity, the firm currently responsible for importing petrol into Nigeria has controversially changed its ownership. The downstream arm of the Nigerian National Petroleum Company Limited (NNPC Retail) officially no longer exists after it asked a court to transfer its ownership and properties to a firm it claimed to have bought. PREMIUM TIMES reported NNPCL’s controversial purchase of OVH Energy Marketing Limited and how the purchased company essentially took over the management of the buyer, which an NNPC insider described as “the most ridiculous business acquisition in the world.” NNPCL bought OVH…

Wednesday, 21 August 2024 04:30

US President Biden still using 34-year-old plane but Tinubu abandoned 19-year-old aircraft - Report

After weeks of silence, the Presidency unveiled the newly purchased Airbus A330, on Monday. Discussion about a new Presidential jet began after the problems encountered by the Boeing Business Jet (BBJ) acquired under former President Olusegun Obasanjo 19 years ago developed fault on separate trips to Saudi Arabia, The Netherlands and South Africa. President Bola Tinubu had to make use of chartered jet, a development the presidency described as embarrassing. As government officials argued for a new aircraft, the masses pushed back, saying that was not the priority given the widespread economic hardship and other problems confronting Nigeria. All attempts…

Wednesday, 21 August 2024 04:27

$150m jet: Presidency, NASS have become bandits against Nigerians – Oby Ezekwesili

Oby Ezekwesili, a former Minister of Education, has alleged that the presidency and the National Assembly have decided to be bandits against Nigerians. Ezekwesili stated this while commenting on the purchase of the new presidential aircraft during an interview on Channels TV’s Politics Today. She said that Nigerians were drifting into poverty every minute. Ezekwesili said, “That aircraft is 19-year-old. In everything that we have heard, they are trying to justify the purchase of the new aircraft. “The fellows dare to play with the intelligence of the public. The executive, the presidency, the National Assembly, I think they have decided…

Wednesday, 21 August 2024 04:24

UN sounds the alarm: Urgent action needed to save millions of Nigerian children from malnutrition

Urgent action is needed to save millions of children from malnutrition in north-east Nigeria, Mohamed Fall, Nigeria’s Resident Coordinator, United Nations Office for the Coordination of Humanitarian Affairs (UN-OCHA) has said. Fall made this known on Monday when he visited the Stabilisation Centre, a hospital dedicated to treating malnourished children, in Yola, Adamawa State, as part of activities to commemorate World Humanitarian Day (WHD2024). The theme of the 2024 celebration is #Act for Humanity. According to the UN-OCHA, 4.8 million people are projected to be food insecure during the lean season, with 230,000 children at risk of life-threatening severe acute…

Tuesday, 20 August 2024 04:43

Police invite NLC president for questioning over alleged terrorism financing, treason

The Nigeria Police Force (NPF) has invited Joe Ajaero, president of the Nigerian Labour Congress (NLC), for questioning over “a case of criminal conspiracy, terrorism financing, treasonable felony, subversion, and cybercrime”. An invitation letter signed by Adamu Muazu, assistant commissioner of police, indicated that Ajaero is expected to be at the intelligence response team (IRT) complex in Abuja on Tuesday. Muazu said an arrest warrant will be issued against Ajaero if he does not honour the invitation. TheCable understands that the case is connected to the recent raid of the NLC secretariat in Abuja by the police. On August 7,…

Tuesday, 20 August 2024 04:42

Tinubu bought new presidential jet without N’Assembly’s approval - Report

There was no approval by the National Assembly before the procurement of the new presidential jet for President Bola Ahmed Tinubu, Daily Trust’s findings have revealed. Late in June, an online news platform reported that the federal government had acquired an Airbus A330 aircraft from a German bank. According to PREMIUM TIMES, the German bank had seized the aircraft from an unnamed Arabian prince and businessman, who reportedly failed to pay hundreds of millions of dollars he owed the bank. Officials of the Presidency, according to the online news platform, had “kept their lips shut” about the planned purchase of…

Monday, 19 August 2024 04:44

Fuel prices surge in Nigeria: Diesel up 74%, petrol 28% - NBS

The National Bureau of Statistics (NBS) has reported a significant increase in fuel prices across Nigeria in July 2024. Diesel prices saw a dramatic year-on-year rise of 73.63%, while petrol prices increased by 28.35%. Diesel Prices: - Average price: N1,379.48 per litre (July 2024) - Year-on-year increase: 73.63% from N794.48 (July 2023) - Month-on-month decrease: 5.71% from N1,462.98 (June 2024) Highest diesel prices: 1. Taraba State: N1,721.79 2. Borno State: N1,694.17 3. Bauchi State: N1,619.54 Lowest diesel prices: 1. Kogi State: N1,186.31 2. Kano State: N1,211.11 3. Osun State: N1,246.82 Zonal analysis shows the North-East with the highest average diesel…

More...

Monday, 19 August 2024 04:43

Tinubu travels to France today aboard newly acquired $100m presidential jet

President Bola Tinubu is set to depart Abuja on Monday for a visit to Paris, France, marking his first journey aboard Nigeria's newly acquired presidential jet. The announcement was made by his spokesperson, Ajuri Ngelale, in a statement released on Sunday night. Details about the length of Tinubu's stay in France or the nature of his engagements there were not disclosed. Ngelale simply mentioned that the President would return to Nigeria "after his brief work stay" in France. This trip follows closely on the heels of another overseas visit, as Tinubu had just returned to Abuja two days ago from…

Sunday, 18 August 2024 04:44

News analysis: Petrol currently sells for N2,931/ litre in UK; in Nigeria N600. With the minimum wages in both countries, here are the implications

The comparison between petrol prices and wage levels in Nigeria and the United Kingdom starkly highlights the severe economic challenges faced by Nigerians, underscoring the high levels of poverty in the country. Comparison Overview: 1. United Kingdom: - Minimum Wage: £11.44 per hour. - Monthly Wage: £1,830.4 (assuming a 40-hour work week as in Nigeria). - Petrol Price: £1.43 per litre (approximately N2,931 per litre). - Purchasing Power: With the minimum wage, a worker can buy about 1,311 litres of petrol per month. 2. Nigeria: - Minimum Wage: N30,000 per month. - Petrol Price: N600 per litre. - Purchasing Power:…

Sunday, 18 August 2024 04:42

‘To become a federal judge, you need the backing of the presidency or a political party’ - FCT Judge

Mabel Segun-Bello, a federal capital territory (FCT) high court judge, says a judicial officer needs the backing of the presidency or the support of a political party to become a judge. Segun-Bello spoke in Abuja on Saturday at the 2024 clarity conference, with the theme ‘The constellation: Gathering of stars, by stars and for stars’. The judge, who was the keynote speaker at the event, said she has been guided by perseverance and determination in her career progression. “You may come from a poverty-stricken background. That is a powerful condition, but you must have the will to rise above it,”…

Sunday, 18 August 2024 04:42

Rwandan government shuts over 5,600 churches for these reasons

Religion is a huge part of African culture. Perhaps because most African countries are largely underdeveloped, the church has become a place where people go to get answers and help. However, this has also led to the proliferation of places of worship, most of which, critics argue, are more transactional than spiritual, paying little or no attention to the safety and security of their members. Christianity is the dominant religion in Rwanda. The main denominations in Rwanda are Catholicism and Protestantism, with about 45 per cent of the population identifying as Catholic and 35 per cent as Protestant. Recently, the…

Page 29 of 225

News

More...

Search

Most Read

Editorial

News

Business

Politics

Opinion

Features

Strangely

Crime

Wars

SCIENCE & TECH

SPECIAL REPORTS

Sports

VIDEOS