The Federal Government has allocated ₦27 billion for the entitlements of former presidents, vice presidents, heads of state, chiefs of staff, retired heads of service, and professors in the 2025 fiscal year. The beneficiaries of this allocation include former Presidents Olusegun Obasanjo, Goodluck Jonathan, and Muhammadu Buhari, alongside ex-vice-presidents Atiku Abubakar, Namadi Sambo, and Prof. Yemi Osinbajo. Other notable individuals expected to benefit from this allocation are ex-military Heads of…

Major oil marketers lifting petrol, from Dangote Petroleum Refinery have reduced the price from N1,060 to N939.50 per litre. A number of oil major marketers, including MRS, have adjusted their pump prices to reflect the reduction as of Friday. At MRS filling station in Ojota, Lagos, the company sell petrol at N939.50 per litre Friday evening, although the Chairman of MRS, Alhaji Sayyu Idris Dantata, declined to comment when contacted.…

A Rivers State high court sitting in Port Harcourt on Friday nullified the congresses of the All Progressives Congress in the state. The congress, which produced Chief Tony Okocha as the state chairman, was nullified following a contempt of court proceeding filed by the camp of the reinstated chairman of the party in the state, Chief Emeka Beke. The court had earlier issued an order stopping the conduct of the…

Less than a month after its much-anticipated reopening, the Port Harcourt Refining Company has halted operations once again. On Thursday, December 19, 2024, our correspondent visited the facility and observed that the lifting of Premium Motor Spirit (PMS), commonly known as petrol, had come to a standstill. Sources familiar with the situation revealed that petrol lifting had ceased as early as Friday, December 13, with the refinery’s 18-arm loading bay…

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has outlined key proposals aimed at stimulating Nigeria’s economic growth, including the elimination of Value Added Tax (VAT) on essential goods and exports. In a session with the Organised Private Sector, monitored virtually by PUNCH on Friday, Oyedele emphasized that these reforms would reduce the tax burden on businesses, simplify tax rules, and enhance Nigeria’s competitiveness. “The…

Governor Ahmed Ododo of Kogi State has distributed 100 truckloads of rice to residents of the state as part of his efforts to ensure a joyous Christmas and New Year celebrations for families. This is contained in a statement issued by the Commissioner for Information and Communications, Mr Kingsley Fanwo, on Friday in Lokoja. He said the gesture is aimed at alleviating the burden of rising food costs in festive…

Justice Deinde Dipeolu of Federal High Court sitting in Lagos has granted request of the Economic and Financial Crimes Commission (EFCC) for final forfeiture of a warehouse occupying 1.925 hectares of land along the Lagos/Ibadan expressway in Magboro, Obafemi Owode Local Government Area of Ogun State and 54 general purpose steel containers to the Federal Government. Justice Dipeolu granted the request after EFCC lawyer moved an application for the forfeiture…

Residents of Ibadan, who are still reeling from a recent funfair disaster that claimed lives of 35 children, were hit with another tragedy on Friday as a man, his wife and their grandson were consumed in a fire that gutted their residence at Ori-Eru, Idikan area of the Oyo State capital. The fire incident occurred in the early hours of Friday, Yemi Akinyinka, General Manager Oyo State Fire Services Agency…

The immediate past governor of Kogi State, Yahaya Bello have been released from the Kuje Custodial Centre after he met the bail conditions imposed on him by the Federal Capital Territory High Court, Maitama, Abuja. Confirming the former governor’s release, the spokesperson for the Nigerian Correctional Service, FCT Command, Adamu Duza, on Friday evening said, Yahaya Bello has been released after meeting the bail conditions. He was released this evening…

An Edo State High Court in Benin has ordered the reinstatement of the suspended 18 local government chairmen and vice chairmen in the state. The presiding judge, Justice Efe Ikponmwonba, on Friday granted the order following a suit instituted by the affected chairmen and vice chairmen. The court, however, restrained Governor Monday Okpebholo and Edo State Government, Attorney General of the State and Commissioner for Justice, Accountant General of the…

The Court of Appeal in Abuja has awarded N15 million as general damages against MTN Nigeria Communications Limited for disturbing its Nigerian customer’s phone number with unsolicited messages and callertunes, without the customer’s subscription to these services. The Appeal Court passed the judgement on Friday that this action was a violation of the right to privacy and quiet enjoyment of airtime purchased by Barrister Ezugwu Emmanuel Anene, a public interest…

The Central Bank of Nigeria (CBN) has introduced a new policy to strengthen its drive towards a cashless economy, setting a daily maximum transaction cash-out limit of N100,000 per customer for agency banking operators, also known as Point of Sale (PoS) operators. This directive, outlined in a circular issued on Thursday by the CBN’s Payments System Management Department and signed by Oladimeji Yisa Taiwo, aims to enhance the use of…