Day: January 27, 2022

BREAKING: Oil breaks $90/bbl Mark, Hits Highest Point In 7 Years

Efe Wellington

Why news is a mixed grill for Nigeria, biggest crude exporter and biggest importer of refined product in Africa + OPEC+ likely to stick with a planned increase to its oil output target for March   Oil rose on Wednesday, tuoching $90 a barrel for the first time in seven years, supported as tight supply and rising political tensions between Russia and Ukraine added to concerns about further disruption in an already-tight market. Platforms Africa reports that the news of high crude prices is a mixed grill for Nigeria, which…

Read More

He Was Our Student, Chicago Varsity Ends Tinubu’s 20-Yr Certificate Issue

Wonuola Olujobi

The Chicago State University says All Progressives Congress stalwart and presidential hopeful, Bola Tinubu, indeed attended the university. Beverly Poindexter, who is in charge of official transcript requests, enrolment and degree verification at the Office of the Registrar, CSU, said this in a terse email response to The PUNCH on Tuesday. “Mr Tinubu did attend our university, however, if further information is needed, go to studentclearinghouse.org website to make a formal request,” Poindexter wrote. READ ALSO: Ango Abdullahi to Tinubu- The North has always been the Kingmaker BREAKING: Saraki Joins…

Read More

Nigeria’ll Pay N3trn To NNPC As Fuel Subsidy In 2022

ADESUPO OSOSANYA

N443 billion allocated for fuel subsidy presently in the 2022 budget cannot last beyond June – Minister   The Federal Executive Council (FEC) has approved N3 trillion for the Nigerian National Petroleum Company, NNPC, Limited to offset payment of fuel subsidy in 2022. Platforms Africa reports that the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, who made the disclosure maintained that the FEC considered the request to make additional funding provision to enable the government to meet incremental fuel subsidy payment in the 2022 budget. She recalled…

Read More

Omicron: Airlines’ passenger traffic crashes by 65%

Wonuola Olujobi

A new report by the International Air Transport Association has revealed that African airlines’ passenger traffic fell by 65% in 2021 due to the increasing impact of the Omicron variant of COVID-19. IATA report read in part, “African airlines’ international traffic fell 65.2 per cent last year compared to 2019, which was the best performance among regions. Capacity dropped 56.7 per cent, and load factor sank 14.1 percentage points to 57.3 per cent. Demand for the month of December was 60.5 per cent below the year-ago period, a deterioration from…

Read More

“Monster” Who Defiled Neighbour’s 3-Year-Old Girl Jailed For Life

Gbenga Adeoti

Having been found guilty, he is sentenced to life imprisonment with no option of fine. He is also to have his name registered in the Sex Offenders Register Justice Abiola Soladoye of the Lagos State Special Offences Court, Ikeja, has sentenced a man, Sunday Oyedele, whom the judge tagged a “sexual monster,” to life imprisonment for defiling his neighbour’s three-year-old daughter. Oyedele was arraigned on April 29, 2019, on one count of unlawful sexual intercourse with the toddler at the Itamaga area of Ikorodu, Lagos State. According to the prosecution,…

Read More