News

Nigeria faces a potential fuel price hike as private depot prices for Premium Motor Spirit (PMS), or petrol, have surged to N920-N950/litre. This development coincides with protests in Abuja demanding the removal of NNPC Group Managing Director Mele Kyari due to the persistent fuel scarcity. NNPC has alerted oil marketers …

Dada Yar’Adua, the esteemed mother of former President Umaru Yar’Adua and former Chief of Staff Shehu Yar’Adua, has passed away at the age of 102. According to reports, she died on Monday evening at the Federal Teaching Hospital in Katsina State. As a trailblazing matriarch, Dada Yar’Adua was revered for …

The US government has ordered Mr Dozy Mmobuosi, the CEO of Tingo Group, to pay a fine of over $250 million, months after he was officially charged with securities fraud in New York. First charged in December 2023, he was accused of orchestrating a massive scheme to inflate the company’s …

Smart DNA, a leading DNA testing centre in Lagos, has released its comprehensive 2024 report on DNA testing trends in Nigeria, covering July 2023 to June 2024. The report unveils several astonishing findings that shed light on societal dynamics, economic factors, and changing family structures in Nigeria. The report, which …

Tunde Onakoya, Nigerian chess player/coach who holds a Guinness World Record for the longest marathon chess game has lauded the UN Population Fund (UNFPA) for providing a friendly space for girls to learn skills. Onakoya gave the commendation during his visit to the UNFPA centre im Muna Displaced Persons Camp …

The development comes as the Independent Petroleum Marketers Association of Nigeria (IPMAN) reported that its members no longer have access to bulk petrol supplies. The prospect of a swift end to Nigeria’s petrol shortage appears increasingly bleak, as new revelations on Sunday highlighted the Federal Government’s mounting challenges. A staggering …

The Chairman of Enugu State Independent Electoral Commission (ENSIEC), Prof. Christian Ngwu said all arrangements had been concluded for hitch-free council polls into chairmanship and councillorship positions in the state scheduled for 21 September. Prof. Ngwu said this while dismissing speculations that the Sept. 21 date for the local government …

LAGOS — There were indications, yesterday, that the petrol shortage in the country will not end soon as $6 billion debt to petrol suppliers, lack of liquidity and other issues have put pressure on the Federal Government’s capacity to sustain the importation of the product. This is even as oil …

Pan-Yoruba group, Afenifere, has expressed concern over what it described as the near collapse of the nation since the administration of President Bola Tinubu took over. Afenifere, in a communique by the Deputy Leader, Oladipo Olaitan and Deputy Secretary General, Alade Rotimi-John after the regular quarterly meeting held on August …

Raz Hansir Oil doesn’t exist, Oando denies Malta links Equity investors gained a total of N349 billion week-on-week, as the Nigerian Exchange Ltd.(NGX) market capitalisation appreciated by 0.63 per cent to close the week. Specifically, the All-Share Index closed at 96,579.54 points, having opened at 95,973.45 points, while the market …