The Federal Government has complied with the demands of domestic crude oil refiners and other operators in the sector after it declared on Monday that indigenous refineries can now buy crude oil in naira or dollars. It also declared that the total crude oil and condensate reserves in Nigeria increased to 37.5 billion barrels as of January 1, 2024, with a life index of 68.01 years. The chief executive of […]
Security has been beefed up following the invasion of masked uniformed men at the Oyo State Government Secretariat, Agodi, Ibadan over the weekend. A combined team of security operatives has been stationed at the two major entrances leading to the state Secretariat Agodi Ibadan . People are being thoroughly searched before they could gain entry to the secretariat complex, while the liberty flyover bridge leading to the state secretariat was […]
The national grid has collapsed again. The electricity generation on the system collapsed from 2,583.7Mega Watts at 2am today to 64.7Mega Watts around 3 am. This makes it the sixth collapse in 2024. Nigeria generates an average of 4,000Mega Watts of electricity for an estimated two million citizens across the country. Data from the Independent System Operator, an arm of the Transmission Company of Nigeria, showed that only one electricity […]
The Nigerian Meteorological Agency has predicted dry, sunny conditions in the north and thunderstorms in the south on Monday. According to a report by NiMET, thunderstorms are expected in two parts of the FCT, Nassarawa, Kogi, Kwara, Ekiti, Oyo, Ogun, and Lagos state and a continuation of dry and sunny conditions in the northern parts of Nigeria. “The afternoon forecast shows increasing activity, with thunderstorms expected to develop across the […]
The Lagos High Court sitting in Ikeja has granted bail to the former Central Bank governor Godwin Emefiele. Justice Rahman Oshodi who led the sitting granted him bail in the sum of N50m with two sureties in like sum. The court also stated that the sureties must be gainfully employed and have three years of tax payment with the Lagos State Government. Justice Rahman Oshodi made the remand order after […]
A retired Justice of the Court of Appeal, Ahmad Olanrewaju Belgore, is dead. Belgore retired as the Justice of the Court of Appeal on April 18, 2023, on the attainment of the retirement age of 70. In a condolence message, the Emir of Ilorin and Chairman, Kwara State Traditional Rulers Council, Alhaji Ibrahim Sulu-Gambari described the death of Justice Belgore as a big loss to the Ilorin Emirate and nation […]
Muslim Faithful across the country have besieged the various Eid grounds to offer prayers as part of activities to mark the completion of the holy month of Ramadan. At the various Eid grounds, Rakat prayers were offered by the presiding Chief Imams. Ramadan fast is one of the five pillars of Islam. President Bola ahmed Tinubu was among the worshippers at Obalende Eid ground in Lagos, while vice president Kashim […]
Ahead of the Eid al-Fitr celebrations, Katsina State Governor, Malam Dikko Umaru Radda, has secured the release of 222 inmates detained in correctional facilities across the state. The inmates were detained due to their inability to pay fines imposed by courts for minor commercial and non-capital offenses. The Attorney General and Commissioner for Justice, Fadila Muhammad Dikko, conveyed the development in a statement. She said the decision follows recommendations to […]
The Economic and Financial Crimes Commission has noted that hotels, schools, and other establishments that accept payments in dollars from their customers are at risk of facing arrest. The EFCC Chairman, Ola Olukoyede, disclosed this in the agency’s publication called EFCC Alert on Monday, he added that due actions would be taken against individuals caught up in the dollarisation of the economy. However, the EFCC Chairman further stated that the […]
