Author: admin

Oil Marketers have their silence on lifting Dangote Petrol.   NewsOnline Nigeria reports that Oil marketers have stated that the Nigerian National Petroleum Company Limited (NNPCL) is still the sole off-taker of Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery despite the recent directive of the Federal Government that other oil marketers were free to start loading PMS from the plant.   Oil marketers revealed on Wednesday that NNPC would continue to be sole off-taker of the product from the $20bn Lekki-based plant until its agreement with the Dangote refinery as regards the lifting of PMS terminates.…

Death toll has risen to 153 with 100 people hospitalized in a tanker explosion in Majia local Government area of Jigawa State. earlier reported that the death toll rose to 105, while 70 others sustained various degrees of injuries In a fresh statement, the police spokesman, DSP. Lawan Shiisu Adam confirmed the increase in the number of victims. He said those that have lost their lives have been buried in a mass grave, while those injured were currently receiving medication at Aminu Kano, Jahun, Nguru, Hadejia, and Gumel hospitals. Meanwhile, Governor Mallam Umar Namadi has expressed his…

Here are 5 Cheapest states to live in Nigeria Benue Benue State is the cheapest state to live in Nigeria because of its relatively low cost of living when compared to other states. According to current data from the National Bureau of Statistics (NBS), this state’s inflation rate has been below average, making it a good option for those looking for affordability. Also, Benue, often known as the “Food Basket of the Nation,” is a major producer of vegetables, rice, yams, and maize, all of which help keep local food prices low. The current food inflation rate is 36.4%,…

Flamingos captain, Taiwo Afolabi scooped the Player of the Match prize following the team’s 4-1 win over New Zealand on Wednesday night. The playmaker bossed the midfield in the encounter. Afolabi scored Nigeria’s fourth goal of the game 10 minutes after the break. Shakirat Moshood, Khadijat Adegoke and Faridat Abdulwahab were the other goal scorers for Nigeria in the game. Hannah Saxon scored the consolation goal for New Zealand. Ecuador defeated hosts Dominican Republic 2-0 in the other group game. The Flamingos will face Ecuador in their next game at the FIFA U-17 Women’s World Cup on Saturday.

Human rights lawyer, Femi Falana and his son, Folarin, popularly known as Falz, have given a 12-hour ultimatum to controversial crossdresser Bobrisky to retract his defamatory claim against them. DAILY POST reports that Bobrisky, in leaked audio by popular social media critic VeryDarkMan claimed that Falana and Falz approached him to help him secure a presidential pardon for N10 million. In response, Falana and Falz denied the allegation, a development that has generated controversies across social media. However, in a cease-and-desist letter dated October 14, 2024, through Falana and Falana’s Chamber, Falana and Falz described Bobrisky’s allegations as damaging to…

Senate has confirmed the 21 fresh appointees by President Tinubu for RMAFC.   NewsOnline Nigeria reports that the Senate has confirmed twenty- one nominees as Federal Commissioners for the Revenue Mobilization, Allocation and Fiscal Commission, RMAFC. This Nigeria news platform understands that the confirmation was a sequel to the presentation and consideration of the report of the Joint Committee on National Planning and Economic Affairs and Finance for the Confirmation of the Nominations for Appointment as Federal Commissioners in the Revenue Mobilization, Allocation and Fiscal Commission (RMAFC).     Presenting the report, Senator Yahaya Abdullahi, PDP, Kebhi North said, “That…

FG is planning a cash transfer to 20 million poor Nigerians.   NewsOnline Nigeria reports that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the increase in Nigeria’s revenue recorded in the 2024 fiscal year is being strategically allocated to various social intervention programmes aimed at improving the living standards of citizens and addressing pressing societal needs.   The minister said the social investment programme is targeted to impact 60 per cent of the poorest, reaching 20 million persons.     He also revealed a comprehensive proposed agenda for economic reform, which aims…

The Nigerian Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024. The World Bank disclosed this in its latest edition of Africa’s Pulse report. Report showed that the Naira is at par with the Ethiopian Birr, and South Sudanese Pound in terms of decline in the region. The report blamed the continued increase in the demand for dollars and limited dollar inflow for Naira depreciation in the last months. According to the report, the Naira lost about 43 percent as of August. “By August 2024, the Ethiopian birr, Nigerian naira, and South Sudanese pound…

FG has unveiled a new scheme to tackle inflation and create jobs in Nigeria.   NewsOnline Nigeria reports that the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled an ambitious agenda for economic reform to reduce inflation, create jobs, and foster growth in key sectors.   This Nigeria news platform understands that Edun made this known at the 30th Nigeria Economic Summit (NES30), in Abuja on Tuesday. He said that the government was focused on agriculture, manufacturing, oil, and housing as vital drivers of Nigeria’s economy.     He said that the intention was to…

The Governor of the Central Bank, Olayemi Cardoso, on Tuesday, said Nigeria has enough funds in its foreign reserve to last 15 months of importation of goods. Mr Cardoso, who appeared before the House of Representatives Committee on Banking Regulations, said the funds in the reserve could import 12 months of goods and services, noting that if it’s only importation of goods, it would last 15 months. The CBN boss noted that Nigeria has N$39.12 billion in its reserve. According to him, the funds rose from US$34.70 billion at the end of June 2024. “The reserves rose by 12.74% to…