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

ADEOLA YUSUF

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

ADEOLA YUSUF

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

ADEOLA YUSUF

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

ADEOLA YUSUF

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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Why, How Helicopter Flying Six NNPC Staff Crashed, Killed Everyone Onboard – Blackbox, NSIB

ADEOLA YUSUF

Nigerian Safety Investigation Bureau has explained why a Sikorsky SK76 helicopter operated by East Aviation crashed in Port Harcourt. NSIB said the operators of the helicopter violated several of the Nigeria Civil Aviation Regulations directives. Despite the NSIB’s silence on whether or not the vices led to the crash of the helicopter, the act shows gaps in the regulatory duties of the NCAR. The helicopter, which was contracted by the Nigerian National Petroleum Company Limited, crashed into the Atlantic Ocean near Bonny Finima, off the coast of Calabar on October…

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’25 Winners, 10 Reserve Bidders,’ Results of 2022/2023, 2024 Nigeria’s Oil Licensing Round

ADEOLA YUSUF

Platforms Africa obtains, publishes full names of winners in the Nigeria’s three-year Licensing Round announced by the NUPRC at the 2024 Commercial Bid Conference   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the final results of the 2022/ 2023 Deepoffshore Licensing Round and the 2024 Licensing Round. Platforms Africa reports that these results were announced at the 2024 Commercial Bid Conference organised by the commission on Wednesday in Lagos. After Platforms Africa Report, Oil Ministry Director Queried, Minister Disowns Claim ‘Drill Or Drop,’ NUPRC Begins Idle Oil Blocks’…

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‘Drill Or Drop,’ NUPRC Begins Idle Oil Blocks’ Recovery, Announces 2025 Licensing Round

ADEOLA YUSUF

. ‘5 Key Things To Know About 2025 bid round’ Komolafe gives information on fresh licensing   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has begun the recovery of Idle Oil Blocks in Nigeria as it announced a fresh oil licensing round for 2025. Platforms Africa reports that Gbenga Komolafe, Commission Chief Executive of the NUPRC, made the announcement on Wednesday at the 2024 Licensing Round Commercial Bid Conference In Lagos. According to him, the 2025 licensing round would focus on underexplored assets, fallow fields, and natural gas development as…

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Over 20 Children Feared Killed in Ibadan Christmas Gift Stampede

ADEOLA YUSUF

“Some of them were Brought in Dead (BID) to UCH from Agidigbo FM,” sad details of a pre-Christmas tragedy No fewer than 20 children have reportedly been trampled to death in a stampede in Ibadan, capital of Oyo State, during a Christmas celebration organised for children. It was learnt that the event was organised by a radio station owned by popular broadcaster, which promised gifts for those in attendance. Many of the children, it was learnt, have been rushed to the University of Ibadan College Hospital, where some had been…

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NUPRC Wins SERVICOM 2024 Best Performing Parastatal Award

ADEOLA YUSUF

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has achieved significant recognition at the 2024 SERVICOM MDAs’ Awards held in Abuja on Tuesday. The Commission secured the 2024 Overall Best Performing Parastatal SERVICOM Unit (PSU) Award, along with the 2024 Best Performing PSU, Team B Award. Chief executive of NUPRC Gbenga Komolafe, was also honoured with a Recognition Award for his commitment to citizen-centered service delivery. In addition to these awards, Ann Ihuoma Dozie-Enukora from the NUPRC SERVICOM Unit received both the 2024 Overall Best Performing Nodal Officer and the 2024…

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Food Inflation Hits 40% Despite Nigeria $3.3bn Agric Loan

ADEOLA YUSUF

Despite securing multilateral loans amounting to $3.334bn (N5.178tn) and attracting over $4.3bn investments to boost food production, the cost of essential staple food items skyrocketed by 60.88 per cent under the leadership of President Bola Tinubu, The PUNCH reports. When Tinubu assumed office in May 2023, food inflation was 24.82 per cent. It jumped to about 40 per cent in November 2024. This is based on data from the National Bureau of Statistics. This is occurring as Nigerians are increasingly struggling to afford basic food items, with many households finding…

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