Author: Chief Editor

•PIA amendment being considered to increase importers, says NMDPRA•NOGASA: No money to import NNPC, NMDPRA owe us Importers of premium motor spirit (PMS) will need about $1.8 billion monthly to meet import foreign exchange need as the government has put the exchange rate used for computing the current pump price at N650/$. With Nigeria’s daily PMS consumption projected at over 60 million litres per day, marketers, including the Nigeria National Petroleum Company Limited (NNPCL), whose market share has been capped at 30 per cent, would need $60 million daily, amounting to $1.8 billion monthly to guarantee the supply of PMS…

A witness of Mr. Peter Obi, Labour Party’s (LP) presidential candidate, yesterday, told the Presidential Election Petition Court (PEPC) in Abuja that 18,088 blurred result sheets were uploaded to the result viewing (IReV) portal of Independent National Electoral Commission (INEC). Eric Uwadiegwu Ofoedu, Professor of Mathematics at Nnamdi Azikiwe University, Awka, Anambra State, told the court he carried out investigation and data analysis of 2023 presidential election results on the portal. Led in evidence by a Senior Advocate of Nigeria (SAN), Onyechi Ikpeazu, Ofoedu also told the court that he conducted analysis of results from Rivers and Benue states and…

• Tinubu appoints Ribadu, Alake, Edun, five others as Special Advisers• Intrigues that trailed Ribadu’s appointment as Security Adviser• Notable personalities likely to form President Tinubu’s think tank Eighteen days after President Bola Tinubu’s inauguration, the shape and colour of the new administration is beginning to form; but what is yet to crystallise are those who will call the shots as the President’s go-to men and form the nucleus of the cabinet’s inner caucus. Already, two critical appointments were announced last week: former Speaker of the House of Representatives, Femi Gbajabiamila, as Chief of Staff and a former governor of…

Following a charge by President Bola Tinubu that governors should come up with ideas to mitigate the impact of subsidy removal, members of the National Economic Council (NEC), yesterday, deliberated extensively on the issue and constituted a committee to follow up. Rising from a meeting after inauguration, Bauchi State Governor, Bala Mohammed, said the meeting focused on the recommendation by the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) that the Federal Government should consider a N702 billion fund in form of salary adjustment. He said the meeting noted that workers and other vulnerable citizens in the society should…

The Federal Government, on Tuesday, issued and signed licences for the establishment of two crude oil export terminals, capable of generating $11bn revenue annually for the country. It issued the licences through the Nigerian Midstream and Downstream Petroleum Regulatory Authority to Belema Sweet Export Terminal Limited and NNPC Exploration and Production Limited in Abuja. Speaking at the event in Abuja, the Chief Executive, NMDPRA, Farouk Ahmed, said the signing of the terminal establishment licences for the two crude export terminals would lead to the addition of more than four million barrels of oil capacity to Nigeria’s export storage. “Our activities…

Manchester United striker Marcus Rashford has said that it was not nice for him to see Manchester City win the Treble this season. Man City won the FA Cup, Premier League and the UEFA Champions League this season. However, the likes of Man City stars Kyle Walker, Jack Grealish and Phil Foden are due to link up with Rashford on England international duty this week for their upcoming UEFA Euro Qualifier against Malta on Friday. Speaking ahead of the Malta clash, Rashford said, as quoted by Metro UK: “To be honest, it’s not nice [to see Man City’s success], but…

Victor Osimhen’s agent, Roberto Calenda is not willing to discuss a new deal with Napoli for the striker. Napoli are desperate to hold on to their talismanic forward amid interest from the likes of Chelsea, Manchester United, Paris Saint-Germain and Bayern Munich. The club’s president, Aurelio De Laurentiis, is seeking talks with the Nigerian’s representatives to discuss a new lucrative contract. According to reports in Italy, Calenda is, however, pushing for an exit for Osimhen this summer. The 24-year-old played a pivotal role in Napoli’s Scudetto success last season, their first in over three decades. Osimhen scored 26 goals and…

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, says poverty and unemployment are no justification for involvement in computer-related frauds. The Commission’s spokesperson, Wilson Uwujaren, said this in a statement in Abuja. He reported Bawa as saying this in a lecture titled: “The Roles of Youths in Curbing Economic and Financial Crimes,” delivered at the Orientation/ Matriculation programme for fresh students of the Lagos State University, Lagos. Bawa said poverty should not be an excuse for criminality, just as unemployment should not be a basis for defrauding others of their hard-earned incomes by youths who…

The Arewa Consultative Forum (ACF) has congratulated Sen.Godswill Akpabio on his emergence as the Senate President of the 10th National Assembly, urging him to ensure inclusiveness. Alhaji Musa Saidu, a member of the ACF, said this in a statement on Wednesday in Abuja. “We wish to congratulate Sen. Godswill Akpabio on his election as the new Senate President, we wish him well as he settles down in his new job. “However, Akpabio should take a lesson from his election by ensuring inclusiveness in running the affairs of the national assembly.“Akpabio should always remember that he has been elected as the…

Adebo Ogundoyin, a 36-year-old lawmaker representing Ibarapa East State Constituency, has been re-elected as Speaker of the Oyo State House of Assembly on Wednesday. DAILY POST reports that there are 28 members elected on the platform of the Peoples Democratic Party (PDP) and four were elected on the platform of the All Progressives Congress (APC). Ogundoyin, an indigene of Eruwa, is a PDP member. He was first elected as Speaker of the House in June 2019. His re-election took place during the inauguration of the 10th State House of Assembly. He was nominated by one of the lawmakers-elect, Bamidele Adeola (Iseyin/Itesowaju) and…