Author: Alade Adisa

Some oil marketers have started buying petrol directly from Dangote Petroleum Refinery without a recourse to the Nigerian National Petroleum Company Limited (NNPCL). According to reports, more oil marketers were intensifying efforts to buy the product directly from the plant, while others were importing the commodity, as hundreds of millions of litres of imported PMS should hit Nigeria’s shores in two weeks’ time. Punch reported on Monday that no fewer than four vessels carrying imported PMS arrived at seaports situated along the nation’s borders between Friday, October 18, and Sunday, October 20. According to the report, a document obtained from…

As the BRICS summit got underway in central city of Kazan in Russia, world leaders made a passionate plea for peace in the Middle East and Ukraine on Wednesday. In what may come as a surprise to many, President Vladimir Putin informed his guests that he welcomed offers to mediate in the Ukraine conflict. Though, the Russian leader is showcasing the meeting to send a message that the West’s attempts to isolate Moscow have failed, some of his closest and most important allies strongly called him to end the war with Ukraine conflict without further blodshed. From what started in…

The United States Department of Justice has warned Elon Musk’s Political Action Committee (PAC) regarding a $1 million giveaway targetted at registered voters in key swing states. Musk, who is a strong backer and vocal supporter of the Republican candidate, Donald Trump, has been spending millions to back his presidential campaign. According to CNN, the sweepstakes, which Musk has promoted as part of an effort to boost voter registration, is raising concerns over its legality. The $1 million prize, advertised by his PAC, is intended to encourage voter participation in highly contested states ahead of the 2024 election. However, election…

The governor of Benue State, Hyacinth Alia has suspended the state’s Attorney General and Commissioner of Justice and Public Order, Fidelis Mnyim. The commissioner was suspended for joining states challenging the legality of the establishment of the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The Supreme Court reserved judgment in a suit filed by 19 states challenging the constitutionality of the laws establishing the EFCC on Tuesday. The 19 states in the suit are Kogi, Kebbi, Katsina, Sokoto, Jigawa, Enugu, Oyo, Benue, Plateau, Cross River, Ondo, Niger, Edo, Bauchi, Imo,…

The Managing Director of the Nigerian Education Loan Fund (NELFUND), Mr. Akintunde Sawyerr, has disclosed that the Fund has disbursed over N10 billion and have received more than 350,000 applications. He made this statement during a meeting with the House of Representatives Committee on Student Loans, Scholarships, and Higher Education Financing on Wednesday in Abuja. Sawyerr emphasized the fund’s commitment to disbursing a total of 90 billion naira aimed at covering tuition fees and stipends for students in need. He said, “Our mission is to ensure that every Nigerian, regardless of their location or background, has access to the education…

Three people were killed and 14 others were wounded in Turkey after terrorists attacked the Turkish Aerospace Industries (TAI) facility on Wednesday. Turkish Authorities confirmed that a deadly assault took place at the headquarters of Turkish Aerospace Industries (TUSAS), with media reporting a loud explosion at the scene. Confirming the attack, Interior Minister Ali Yerlikaya said on social media platform X, “A terrorist attack was carried out against the TUSAS facilities in Kahramankazan, Ankara. Unfortunately, we have martyrs and injured people.” However, Yerlikaya did not provide additional details regarding the attack on Turkish Aerospace Industries Inc., located on the outskirts…

Leading financial institution, the World Bank has stated that 129 million Nigerians are poor. The global bank stated this in its most recent development update on Nigeria. With the bank estimating Nigeria’s population at 223 million, based on data published on its official website, what this would imply is that six out of every 10 Nigerians are poor. The development comes amid tough economic challenges spurred by inflation facing the country. With food inflation put at 37.7 percent, many citizens of the country have continued to lament hardship following the policies of President Bola Tinubu’s administration. It also comes amid…

President Bola Tinubu has sacked five of his ministers, New Daily Prime has learnt. The affected ministers are Uju Kennedy-Ohanenye, Minister of Women Affairs; Lola Ade-John, the Minister of Tourism; and Jamila Bio Ibrahim, Minister of Youth Development. Tahir Mamman was also relieved of his duty as the Minister of Education while Abdullahi Muhammad Gwarzo was let go as Minister of State, Housing and Urban Development. The termination of their appointment was announced at the federal executive council (FEC) meeting on Wednesday. READ ALSO: BREAKING NEWS: Tinubu scraps two ministries The presidency said in a statement, “The president thanked the…

A Kano State High Court has fixed November 20 for the hearing of all pending applications in the ongoing case of alleged bribery and misappropriation of public funds against the National Chairman of the All Progressives Congress (APC), Dr Abdullahi Umar Ganduje, and seven others. The former governor, his wife, Hafsat Umar, Abubakar Bawuro, Umar Abdullahi Umar, Jibrilla Muhammad, and three corporate entities—Lamash Properties Limited, Safari Textiles Limited, and Lasage General Enterprises Limited—are facing an eight-count charge filed by the state government. The charges involve alleged bribery, misappropriation, and the diversion of public funds amounting to billions of naira. During…

The Federal government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, on health grounds. Gambaryan has been facing a money laundering trial from detention since April.A counsel for the Economic and Financial Crimes Commission (EFCC), announced the withdrawal of the charges at the Federal High Court Abuja, before Justice Emeka Nwite on Wednesday.The hearing is coming two days before the 25 October earlier scheduled as the return date by the trial judge in the open court last Friday. Announcing the withdrawal of the charges, the EFCC lawyer said Gambaryan, a United States citizen, was merely an…