Author: Chief Editor

The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership Certificate verification fee motorists are to pay. Last week, the Permanent Secretary, Lagos Ministry of Transportation, Abdulhafiz Toriola, disclosed this. He stated that this certificate would help vehicle owners and the government assure the integrity of all vehicles registered on the National Vehicle and Identification Scheme database and track car theft and recovery of stolen vehicles. He said, “To this end, the Federal Government has introduced the issuance of annual Proof of Ownership Certificate for all registered vehicles.” According to the National Bureau…

Large consignments of Premium Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday. It was also gathered that crude oil refiners were currently releasing refined petroleum products on credit to dealers from Nigeria, following the recent unification of the country’s exchange, which boosted the confidence of operators. This came as the Independent Petroleum Marketers Association of Nigeria told our correspondent that they would compete with the Major Oil Marketers Association of Nigeria and the…

Al-Nassr has unveiled Nike as its new kit manufacturer following Cristiano Ronaldo’s arrival in January this year. In a post made by the club’s official Twitter account on Sunday, it stated, “We are delighted to announce Nike, as our official kit supplier for the 2023-24 season. “This deal will be activated starting from AlNassr Japan Tour at the end of July.” Football superstar, Ronaldo, 38, has a lifetime deal with Nike and is currently on a 10-year contract with the company worth £147 million. Ronaldo’s team, Al-Nassr, has switched from Arabic giants Duneus to Nike as their kit manufacturer. This…

• Solar service providers contend with inquiries, demands low capacity solar equipment• Nigeria missing in top five African countries with solar installations• We are on track in attaining SDG-7, expert says• Stakeholders rally govt behind mass metering policy, framework on solar adoption Subsidy removal on Premium Motor Spirit (PMS) and the jostle towards right pricing of electricity may have triggered a major shift in the pattern of energy consumption, with about 75 per cent of households now exploring solar as their alternative sources of energy. A multi-dimensional survey conducted to assess Nigerians’ response to the almost 200 per cent increase…

Former Sokoto State governor Attahiru Bafarawa has raised concern over food security in Nigeria due to activities of banditry in the North-West and the North-East. Bafarawa, a member of the Peoples Democratic Party (PDP) Board of Trustees, said this in an interview on The Punch on Sunday. He urged the new administration of President Bola Ahmed Tinubu to consider food security as one of its priorities being threatened by banditry. “Instead of talking about cabinet, subsidy and the economy, the government should consider food security because with the rate we are going, in the next three months, we are definitely…

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to publish expenditure of about N400 billion so far saved from removal of Premium Motor Spirit (PMS) subsidy. It implored the Nigerian leader to provide details of how subsequent savings would be spent, including specific projects and mechanisms in place to ensure that the funds are not embezzled, misappropriated or diverted into private pockets. The Federal Government had saved N400 billion within the four weeks of implementation of the policy. In a letter signed and addressed to the President at the weekend by deputy director, Kolawole Oluwadare, SERAP said:…

The Presidency has rejected verdict of the European Union on outcome of the February 25 presidential election, which saw the emergence of President Bola Tinubu as winner. The Presidency, in a statement, yesterday, issued by Dele Alake, Special Adviser on Special Duties, Communication and Strategy, also said it “strongly rejects, in its entirety, any notion and idea from any organisation, group and individual remotely suggesting that the 2023 election was fraudulent.” Dismissing the verdict, the Presidency berated the EU, saying the organisation merely relied on prejudiced and uninformed social media commentaries and opposition talking heads to arrive at its conclusions. It…

President Bola Tinubu has reunited three of his successors as governor of Lagos State. Lagos State has produced Babatunde Fashola, Akinwunmi Ambode, and Babajide Sanwo-Olu as governors after Tinubu. Tinubu ruled Lagos State as governor from 1999 to 2007. In 2007, he handed over to the immediate past Minister of Works and Housing, Babatunde Fashola, who superintended over the state for another eight years. At the expiration of his second tenure, Fashola handed over the baton of the state to Ambode. A clash between Tinubu and Ambode saw him losing the All Progressives Congress, APC, governorship primaries in the state…

A chieftain of the All Progressives Congress, APC, in Lagos State, Ambassador Abayomi Nurain Mumuni has declared that President Bola Ahmed Tinubu took the best decision when he removed fuel subsidy. He made this disclosure in a statement issued to felicitate with Muslims on the occasion of the Eid-el-Kabir festival. Mumuni in the statement signed by his media aide, Rasheed Abubakar, on Thursday said that Muslim faithfuls should give glory to Almighty Allah for the opportunity to witness another Eid. He said, “I want Nigerians to endure the reform policies that are being introduced by the Tinubu-led administration, especially in…

President Bola Ahmed Tinubu has said he could have chosen to maintain the hitherto multiple foreign exchange systems and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial haemorrhage. Dele Alake, the Special Adviser, Special Duties, Communications and Strategy to the President, disclosed this in a statement on Thursday. He said Tinubu was speaking at a civic reception organised in his honour by the Lagos State Government at the Lagos House, Marina. Tinubu said he decided that forex unification was in the nation’s best interest, just like he did…