Day: September 24, 2024

Oil Price Hits $75.69 Per Barrel

Abibat Babalola

Oil prices jumped more than 2% on Tuesday on news of monetary stimulus from top importer China and concerns that conflict in the Middle East could hit regional supply while another hurricane threatened supply in the United States, the world’s biggest crude producer. Brent crude futures were up by $1.79, or 2.4%, at $75.69 a barrel by 1320 GMT. U.S. WTI crude futures rose by $1.87, or 2.7%, to $72.24. The crude oil market has been looking desperately towards Chinese authorities for further easing measures to counter the economic slowdown,”…

Read More

Senator Adebule Congratulates Edo Governor-Elect

Abibat Babalola

The senator, representing Lagos West District, Dr Idiat Oluranti Adebule, has congratulated the Edo State Governor-elect, Senator Monday Okpebholo, on his sweet victory in the Edo state governorship election held on 21st September, 2024. Senator Adebule rejoiced with President Bola Tinubu (GCFR), the officers and members of the All Progressives Congress (APC) at all levels, especially, those of Edo State for working hard to secure this victory, as well as ensuring additional member to the Progressives Governors Forum (PGF). She hailed the people of Edo State for casting their votes…

Read More

CBN Hikes Interest Rate For Fifth Time In 2024 To 27.25%

Abibat Babalola

The Central Bank of Nigeria (CBN) has unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday in a unanimous decision to tame persistent inflationary pressures. The move wrongfooted analysts who had expected rates to stay on hold and indicates the bank is prioritizing inflation control over economic growth amid the worst cost-of-living crisis in a generation. It is the fifth rate hike this year, after increases of 50 basis points (bps) in July, 150 bps in May, 200 bps in March and 400 bps in…

Read More

Soltab College Student Shines In Commonwealth Essay Contest

Ganiyu Amodu

+ Full essay that earned Maryam Idris Silver Award in the world oldest global school writing competition, established since 1883   A student of Soltab Comprehensive College, Oke-Ata, Abeokuta, Ogun State, Miss Maryam ldris, has emerged the Silver Award Winner of the 2024 edition of Queen’s Commonwealth Essay Competition. By this feat, Maryam ldris, has once again put Ogun State on a global radar, achieving a greater feat after her sister, Mujeebat ldris who won Bronze in 2021. The Queen’s Commonwealth Essay Competition (QCEC) is the world’s prestigious oldest international…

Read More

Why Tinubu Should Hike Nigeria’s Stake In Dangote Refinery From 7% To 45% – PENGASSAN

Ganiyu Amodu

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal Government to raise its stake in Dangote Refinery from 7% to 45% to enhance product availability and meet local demands. The President of PENGASSAN, Festus Osifo, while officially presenting the communique of the 2024 PENGASSAN Energy and labour Summit to the media in Lagos, emphasize that it would bolster energy security for Nigerians. He called on the Federal Government to urgently repair the four national refineries and transfer majority share to the private sector. He…

Read More

Drama In Court As Nnamdi Kanu Forces Justice Binta Nyako To Hands Off Case

Abibat Babalola

Nnamdi Kanu to Justice Binta Nyako: “My lord, I have no confidence in this court anymore and I ask you to recuse yourself because you did not abide by the decision of the Supreme Court. I can understand it if the DSS refuses to obey a court order, but for this court to refuse to obey an order of the Supreme Court is regrettable.” It was drama in court on Tuesday when the detained leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, forced, literally, Justice Binta Nyako…

Read More

’12 Yrs After Dad’s Disappearance,’ Islamic Singer, Rukayat Gawat, Dies

Rofeequr Adeola--Yusuf

Popular Islamic singer, Rukayat Gawat Oyefeso, has passed on. Platforms Africa reports that the shocking news, which happened exactly 12 years, two months and seventeen days after the mysterious disappearance of her father,Aremu Gawat, has generated reactions. She was well-known for her captivating voice and religious music that resonated with many in the Muslim community. ‘Popularity To Obscurity?’ Tale Of Gbenga Adewusi, Nigerian’s Top Film Promoter Penury To Fame: Life And Times of Adegboro, Yoruba Famous Porter The news of her death was shared by popular Ilorin-based cleric Alfa Aribidesi…

Read More

Petrol May Hit N1,800/Litre As Dangote Advocates Subsidy Removal

Abibat Babalola

  “We are a private company, it’s true that we have to make profit …, but government would have to give up something for something.”   Dangote Petroleum Refinery, sole producer of petrol being offtaken and distributed for Nigerians, has declared that the government should end subsidy, a move that would cause imminent surge in the prices of the product to as high as N1,800 litre. The Founder of the 650,000 barrels per day capacity refinery, Alhaji Aliko Dangote, who threw his full weight behind subsidy removal just nine days…

Read More

UNGA: Nigeria Demands Permanent Security Council Seats For Africa

Abibat Babalola

Nigeria is demanding permanent seats for Africa on the United Nations Security Council. The country’s Minister of Defence Abubakar Badaru made the demand at the Summit of the Future during the 79th United Nations General Assembly in New York, USA. “He said that Nigeria has contributed to International Peace and Security in terms of troops, finance, logistics, and civilian experts to various African countries, including Guinea Bissau, Sierra Leone, Liberia, Mali, and Côte d’Ivoire. In addition, Nigeria has played a key role in regional security and stability in West Africa…

Read More

Notorious Kaduna Bandit kingpin, Kachalla Sharme killed In Gang War

Abibat Babalola

A notorious bandit commander, Kachalla Tukur Sharme has been killed in a clash with a rival group in the forest. Sharme was killed along with other members of his gang. Samuel Aruwan, Overseeing Commissioner for Internal Security and Home Affairs, Kaduna State, disclosed this in a statement on Monday. Aruwan said the information emerged following diligent follow-up operations and extensive human intelligence networks. He explained that Sharme and other bandits were killed in a fratricidal clash, noting that two other bandits from the rival group were also killed in the…

Read More