Day: December 19, 2024

Alleged N110.4bn Fraud: Court Grants Yahaya Bello N500m Bail

Ganiyu Amodu

An FCT High Court has granted bail to the immediate past governor of Kogi State, Alhaji Yahaya Bello, in the sum of N500 million over money laundering charges. Justice Maryanne Aninih on Thursday also ordered Bello to produce two sureties in like sum. The judge said sureties must be notable Nigerians with landed property in Maitama, Jabi, Utako, Apo, Guzape, Garki and Asokoro. The judge further asked Bello to deposit his passport and other travel documents with the court registrar Yuletide: Dangote Refinery Slashes Petrol Price To N899.50 Ibadan Stampede:…

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Yuletide: Dangote Refinery Slashes Petrol Price To N899.50

Ganiyu Amodu

Dangote Refinery has announced a reduction in the price of Premium Motor Spirit to N899.50 per litre, in a bid to offer Nigerians some relief as the holiday season approaches. This was contained in a statement issued by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, on Thursday. The refinery, Africa’s first privately-owned oil refining facility, had previously cut the price to N970 per litre on November 24. The latest reduction aims to ease transportation costs during the festive period, a time when Nigerians often face…

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Ibadan Stampede: Police Arrest Ooni’s Ex-wife, Others As Death Toll Hits 35

Ganiyu Amodu

The Oyo State Police Command has disclosed the arrest of the ex-queen of the Ooni of Ife, Naomi Silekunola; the Principal of Islamic High School, Ibadan, Fasasi Abdulahi; and six others in connection to the death of some children during a stampede at a funfair in Ibadan, the state capital, on Wednesday. The ex-queen was named as the main sponsor of the event. Over 20 Children Feared Killed in Ibadan Christmas Gift Stampede ’25 Winners, 10 Reserve Bidders,’ Results of 2022/2023, 2024 Nigeria’s Oil Licensing Round More so, the number…

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Landing Cost Of Petrol Drops To N970 Per Litre — Marketers

Abibat Babalola

In a sign of stability in the downstream sector, the Major Energy Marketers Association of Nigeria, MEMAN, has said that the landing cost of Premium Motor Spirit, PMS, also known as petrol declined marginally to N970 in December 2024, from N971 per litre in November 2024. This comes against the backdrop of a similar drop in the crude oil price to $73.77 per barrel, yesterday, from $74 per barrel last week. However, in its daily energy bulletin, obtained by Vanguard, MEMAN, said that the latest landing cost was based on…

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