Day: May 31, 2022

Illegal Oil Refinery, Storage Site Uncovered in Lagos

Abibat Babalola

The Nigeria Security and Civil Defence Corps,NSCDC has uncovered an illegal oil storage site used by vandals to refine Automotive Gas Oil, AGO, also known as diesel, in Lagos. Consequently, 19 suspected members of the syndicate ,among who was a female, were arrested. Eighty one (81) trucks used to convey the products to different parts of the South West region were recovered, including nine buses. In addition, 140 drums containing illegally refined AGO, 15 power generating sets ,12 pumping machines, 25 surface tanks N4 million cash kept in one of…

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Buhari, APC Governors Meet Ahead Of Party’s Presidential Primary

Abibat Babalola

This picture released by the Presidency shows President Muhammadu Buhari, APC governors, and others posing for a group photograph at the State House in Abuja on May 31, 2022. President Muhammadu Buhari on Tuesday met with governors of the All Progressives Congress (APC) ahead of the ruling party’s national convention to produce its presidential candidate for the 2023 general elections. The meeting which held at the Presidential Villa in Abuja had all members of the Progressives Governors’ Forum represented. READ ALSO Journalists barred as APC screens Tinubu, Amaechi, others How…

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EU’s Ban on Russian Oil Adds Stress to Region’s Economies

Abibat Babalola

The European Union’s pledge to ban most Russian oil is forcing it to rewire an economy that is geared to run on cheap Russian fuel—and threatens to deprive Moscow of revenue from its most valuable export. Senior EU officials are expected to sign off on the oil embargo in the coming days, raising the intensity of the bloc’s economic retaliation against Russia for the war in Ukraine. Leaders of EU member states said late Monday they had agreed in principle to ban Russian crude and refined fuels that arrive on…

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Israel Signs UAE Free Trade Deal, Its First In Arab World

Abibat Babalola

Israel signed a free trade deal with the United Arab Emirates on Tuesday, its first with an Arab country, building on their US-brokered normalisation of diplomatic relations in 2020. Israel’s ambassador to the oil-rich UAE, Amir Hayek, tweeted “mabruk” — congratulations in Arabic — with a photo of Emirati and Israeli officials holding documents at a signing ceremony in Dubai. The Emirati envoy to Israel, Mohamed Al Khaja, hailed as an “unprecedented achievement” the deal that, according to the Israeli side, scraps customs duties on 96 percent of all products…

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Customs Rakes In N2bn From Erring Private Aircraft Owners

Abibat Babalola

The Nigerian Customs Service (NCS) said it has so far generated about N2 billion from the revalidation of documents of private aircraft across the country. The service had in June 2021 threatened to detain private aircraft whose owners are yet to validate their documentation in line with the federal government’s revalidation policy. It gave private aircraft owners 30 days to comply with the directive, failure of which their aircraft would be grounded by the service. READ ALSO: BREAKING: Nigeria Slashes Customs Duty On Tokunbo Vehicles Nigeria Customs Begins Recruitment +…

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Court Grants Okorocha N.5bn Bail, Adjourns Till November

Ganiyu Amodu

A Federal High Court, Abuja, on Tuesday, admitted Sen. Rochas Okorocha to bail in the sum of N500 million, half a billion naira, with one surety in like sum. Justice Inyang Ekwo, in a ruling, said granting bail was a discretionary power of the court. Justice Inyang Ekwo said the surety, who must have a landed property within the jurisdiction of the court, must deposit the Certificate of Occupancy of the verified property with the registry of the court. The judge, while admitting the senator to bail with a cautionary…

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Nigeria’s Petrol Subsidy To Hit N6trn by December, IMF Warns

Ganiyu Amodu

The International Monetary Fund, IMF, said yesterday that Nigeria’s subsidy bill would hit N6 trillion by end of this year. IMF also disclosed that it had given Nigeria $6. 8 billion facilities between 2020, in the wake of the COVID-19 pandemic, and now. Resident Representative of the Fund for Nigeria, Mr. Ari Aisen, who disclosed this while presenting the latest Sub-Saharan Africa Regional Economic Outlook in Abuja, said at the currently monthly subsidy bill of N500 billion, it would sum up to N6 trillion by end of year. READ ALSO…

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No Full COVID-19 Vaccination, No Hajj 2022, Lagos Tells Intending Pilgrims

Abibat Babalola

LSPWB Begins inoculation, administers Yellow fever, Oral polio as well as the Menegites vaccines on intending pilgrims The Lagos State Muslim Pilgrims Welfare Board has insisted that it is compulsory for every intending pilgrim to get the complete doses of the coronavirus vaccination and ensure that they are well captured in the computer, saying that any intending pilgrim without the complete doses would be denied entry into the Kingdom. READ ALSO: No Intending Pilgrim Above 65 Years Will Take Part In 2022 Hajj Hajj 2022: Lagos Offers Refund For Intending…

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Nigeria’s exAGF Idris Caught In Fresh N90b Racket, Case With EFCC Now N174b

Ayobami Adedinni

Minister implicated, more heads to roll as Governors, and the Chairman and Managing Director of Finex Professional, Anthony Yaro, are in trouble over the alleged fraud   The Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC) has reportedly caught Ahmed Idris, the embattled Accountant General in another alleged N90 billion fraud. That brings to N174 billion (for now) the total fraud allegations against the suspended Accountant General of the Federation (AGF) after the first tranche of N84 billion for which he was arrested by the EFCC on May…

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Meet Catherine Adeniyi, Mainland 25th Soroptimist Int’l President

Precious Ibekwe

How the new president was influenced by her mother in the drives for advancement of women   Soroptimist International has elected Mrs. Catherine Temitope Adeniyi as the 25th President of its Mainland Chapter and the new president, Adeniyi, at her investiture ceremony recently, has promised to strive for the advancement of women while focusing on projects that will better the lives of women and the girl-child. Platforms Africa reports that the investiture ceremony was performed by the National President of Soroptimist International Nigeria Dr. Adaku, also had other past President…

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