Olufemi Soneye, the spokesperson of Nigerian National Petroleum Company Limited (NNPCL), has said he is not aware of any fresh Premium Motor Spirit (petrol) pump price increase across its retail outlets.According to the Daily Post, Soneye said in an interview on Tuesday, “There is no increase in gasoline price that I am aware of. “Soneye’s comment comes amid speculation that NNPCL had increased fuel pump from N1,030 per litre to…

A South African-based activist, Boniface Okonkwo, was on Tuesday sentenced to 18 months in prison for defaming a popular politician and businessman, Sir Emeka Offor.Justice Vincent Agbata of Anambra State High Court sitting in Nnewi found Okonkwo guilty of posting defamatory content on the “Oraifite WhatsApp platform”, describing Offor’s meter manufacturing company as an “empty warehouse.”In his judgment, Agbata, stated that the evidence presented was sufficient to convict the defendant.The…

A former aide to ex-President Goodluck Jonathan, Reno Omokri has commended President Bola Tinubu for running an inclusive government that will enhance the country’s unity and stability.In a statement yesterday, Omokri said some people’s claims that the president’s appointments are lopsided are untrue, as the appointments reflect the federal character principles enshrined in the 1999 Constitution as amended.Some weeks ago, the Northern Elders Forum (NEF), and former Vice President Atiku…

The World Bank has advised the Central Bank of Nigeria (CBN) to refrain from intervening in the foreign exchange market through forex auctions. The Bretton Woods Institution also advised the CBN to continuously reaffirm the commitment to exchange rate flexibility by adopting a comprehensive, systematic, and transparent framework for foreign exchange interventions. The World Bank policy advisory was included in the Nigeria Development Update, offering recommendations to stabilize the naira…

The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of Premium Motor Spirit (PMS), commonly known as petrol, to N1,025 per litre in Lagos, up from N998 per litre. In Abuja, the price has risen to N1,060 from N1,030. This marks the third price hike in just 60 days, despite a recent decline in the price of Nigeria’s Bonny Light crude, which has dropped to $72 per barrel…

According to Senate spokesman Yemi Adaramodu, President Bola Tinubu is set to submit the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper to the National Assembly next week. The submission is a critical step in the budget preparation process, as the MTEF lays the groundwork for the national budget by guiding economic projections and policy direction. The Senate Finance Committee is scheduled to meet with key stakeholders in the…

Nigeria’s Minister of Interior, Dr. Olubunmi Tunji-Ojo, alongside Permanent Secretary Dr. Magdalene Ajani, signed performance contracts with heads of various agencies within the Ministry on Tuesday. The agreements include measurable timelines for delivery, reinforcing the Ministry’s commitment to improving services for Nigerians. The signing took place during a retreat that commenced on Monday in Abuja, themed “United Front for a Secure Nation and Future.” The retreat underscored the Ministry’s core…

Lagos State Governor Babajide Sanwo-Olu has officially refuted claims that he has filed a lawsuit against the Economic and Financial Crimes Commission (EFCC) in response to an alleged plan for his arrest and prosecution after his tenure. The governor addressed the rumors in a statement released on Tuesday by the state Attorney General and Commissioner of Justice, Lawal Pedro. The statement clarified, “Our attention has been drawn to the news…

The Nigerian National Petroleum Company Limited (NNPCL) has increased the price of Premium Motor Spirit (PMS), commonly known as petrol, to N1,025 per litre, up from N980 per litre. This adjustment, announced on Tuesday, October 29, affects Lagos and surrounding areas and marks the third price change in just two months. This latest price hike is part of the government’s ongoing deregulation policy, which allows fuel prices to fluctuate based…

The chairman of the Dangote Group, Aliko Dangote, has urged the Nigerian National Petroleum Company Limited (NNPC) and marketers to purchase petrol products from his refinery. He made this call during an in-house meeting with President Bola Tinubu at the Aso Rock Villa in Abuja, acknowledging that his refinery has the full capacity to supply fuel to consumers for local demand. “It’s important to understand that we are producers. I…

The Inspector General of Police of Nigeria (IGP), Kayode Adeolu Egbetokun, has joined other security leaders in the 12th edition of the African Union Mechanism for Police Cooperation (AFRIPO) to address global and regional security issues. Olumuyiwa Adejobi, the Police spokesman, made this known via their Facebook page on Tuesday and stated that the two-day committee meeting, slated from October 29 to 30, is holding in Algiers, Algeria. The discussion…

Following the consideration and adoption of promissory notes, the Senate has approved refunding N25 billion to the Nasarawa and Kebbi governments after the construction of Lafia Cargo Airport and Sir Ahmadu Bello International Airport, Birnin-Kebbi. This announcement came shortly after the plenary session was held on Tuesday, stating that the sum of N9,542,651,786.11 is to be paid to the Nasarawa government while the Kebbi will receive the sum of N15,137,336,095.88.…