Day: August 7, 2024

NNPCL Boss, Mele Kyari, Denies Economic Sabotage Allegations

Abibat Babalola

CLAIMS OF economic sabotage in Nigeria’s petroleum industry have sparked intense scrutiny. Nigerian National Petroleum Corporation (NNPC) Limited, under investigation by the Senate Ad-Hoc Committee, faces allegations of legal breaches and importing sub-standard products. NNPC’s Group Chief Executive Officer, Mele Kyari, strongly denies these accusations. He insists that NNPC adheres strictly to legal requirements. READ ALSO: Nigeria Spends $600m Monthly On Fuel Importation – Edun Naira Rises To N1,585/$ In Parallel Market ‘4,067MW To 1,255MW,’ How Power Generation Sank During 5th Grid Collapse of 2024 Kyari explained that refining is…

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Nigeria Spends $600m Monthly On Fuel Importation – Edun

ADEOLA YUSUF

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has disclosed that the country currently spends $600 million monthly on fuel imports. He attributed the high cost to neighboring countries, extending to Central Africa, benefiting from the nation’s fuel imports. Edun shared this information during an interview on AIT’s Moneyline program, which was posted on its YouTube channel on Wednesday. He explained that this situation was a key factor in President Bola Tinubu’s decision to remove the fuel subsidy, as the country lacks precise data on domestic…

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Naira Rises To N1,585/$ In Parallel Market

Abibat Babalola

The Naira yesterday appreciated to N1,585 per dollar in the parallel market from N1,600 per dollar on Monday. Similarly, the Naira yesterday appreciated to N1,601 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,601 per dollar from N1,607.15 per dollar on Monday, indicating a N6.15 rise for the naira. READ ALSO: Paris Olympics: Tobi Amusan Into 100m Women’s Hurdles Semi-Final Naira Crude Sale Yet To Happen – Operators Tinubu Appoints New Heads Of Agencies Under…

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Paris Olympics: Tobi Amusan Into 100m Women’s Hurdles Semi-Final

Abibat Babalola

Nigeria’s Tobi Amusan has qualified for the semi-finals of the 100 meters women’s hurdles event at the Paris Olympics. Amusan, the current world record holder, won her heat with a time of 12.49 seconds, finishing ahead of USA’s Alaysha Johnson (12.61 seconds) and Janeek Brown (12.84 seconds). This marks a significant step towards Amusan’s quest for a podium finish in the event. Nigeria is yet to win a medal at this year’s Olympics, and Amusan’s performance has raised hopes for a potential medal win. READ ALSO: Naira Crude Sale Yet…

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Naira Crude Sale Yet To Happen – Operators

Abibat Babalola

The Dangote Petroleum Refinery and other domestic refineries have yet to start the purchase of crude oil in naira as directed by President Bola Tinubu. It was that the $20bn plant and other local refineries in Nigeria had yet to start buying crude oil from the Nigerian National Petroleum Company Limited in naira as instructed by Tinubu last week. The Crude Oil Refiners Association of Nigeria said letters have been written to NNPC by individual refiners requesting crude, but there has been no response yet. The Federal Executive Council recently…

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Tinubu Appoints New Heads Of Agencies Under Ministry Of Humanitarian Affairs

Abibat Babalola

PRESIDENT Bola Tinubu has approved the appointment of seven persons to head strategic agencies and programmes under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development. A statement issued last night by Presidential spokesman, Chief Ajuri Ngelale, explained that the appointment was aimed at facilitating the needed relief to Nigerians and ensure the effectiveness of humanitarian and social development programmes. According to the statement, Dr. Badamasi Lawal is appointed as the Chief Executive Officer, National Social Investment Programme Agency, NSIPA. Dr. Lawal holds a doctorate degree in education,…

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Gender Row Boxers Imane Khelif And Lin Yu-ting Disqualified From World Championships After Chromosome Test – IBA

Ganiyu Amodu

“The results of the chromosome tests demonstrated both boxers were ineligible,” IBA chief executive Chris Roberts said. ‘Discredited organisation,’ IOC replies IBA says tests were ordered on arbitrary grounds. ‘Immoral,’ Khelif’s father condemns attacks on her daughter.   The Algerian and Taiwanese boxers embroiled in a row over gender in sport at the Paris Olympics were disqualified from the 2023 World Championships after a sex chromosome test ruled both of them ineligible, the International Boxing Association said on Monday. A storm erupted over the participation of Algeria’s Imane Khelif and…

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Republicans for Kamala Harris

Anthony Kila

As predicted and auspicated, I have been reliably informed that a new group of Republicans, strategically aligning against the return of Donald Trump (with his new appendage, J.D. Vance) in the White House, will be unveiled in the next few days. Their clear and deliberated purpose is to convince registered Republicans and independent but Republican-leaning voters to vote and campaign for Kamala Harris in the upcoming 2024 elections. For context to “as predicted and auspicated”, please refer to my earlier essay, “Path to Victory for Kamala Harris,” in which I…

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