NNPCL Reaches 1.8m Barrels Per Day Crude Oil Production

ADEOLA YUSUF

The Nigerian National Petroleum Company Limited (NNPCL) says it has reached the mark of 1.8 million barrels per day of crude oil production. The state-owned oil company which made the announcement on Thursday, also stated that it is set to hit the two million barrels per day target set by President Bola Tinubu by December 2024. The company also revealed that it is now producing 7.4 million standard cubic feet of gas to power the gas infrastructure especially the AKK. This is an improvement from 6.1 mmscf earlier in the…

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What Will Happen In 2026 And 2028; Elon Musk Announces Two Key Dates To Mankind

ADEOLA YUSUF

“A supercomputer colossus looming, 2029 will be the year that machines will become smarter than humans, and AI development will increase tenfold every year.”       In a last chat with XPRIZE Founder Peter Diamandis, Elon Musk affirmed his positions on AI development and Mars colonization and estimated the energy of the future according to his vision. During the Future Investment Initiative that was held in Riyadh, he spoke of SpaceX’s objectives for Mars, of Tesla’s self-driven cars, The expansion of X AI towards AI development suggesting a tantalizing…

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‘Approved,’ Nigeria To Spend N47.9 Trillion In 2025

ADEOLA YUSUF

. ‘$75 per barrel, 2.06m barrels production benchmark,’ what to know about the 2025 budget Approved FEC         The Federal Executive Council (FEC) has approved a proposed budget of N47.9 trillion for the year 2025. This was disclosed by the Minister of Budget and Economic Planning, Atiku Bagudu, while briefing state House Correspondents at the end of the FEC meeting presided over by President Bola Tinubu. The Minister said the approval is part of the “Medium Term Expenditure Framework (MTEF) for 2025-2027, in accordance with the Fiscal…

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Nigeria Qualify For 2025 AFCON

ADEOLA YUSUF

Nigeria’s Super Eagles have qualified for the 2025 Africa Cup of Nations with two games to spare in the qualifying series. The Super Eagles with 10 points in the kitty are assured a top two finish following the shock lone goal victory recorded by Libya in the Group D match away to Rwanda in Kigali. The Super Eagles are billed to face Benin Republic’s Cheetahs Thursday night in Abidjan before returning home to round off their qualifying campaign against Rwanda on Monday. Neither Rwanda on five points nor Libya who…

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Minister:Power Sector Needs $10bn Investment For 24-Hour Electricity

ADEOLA YUSUF

The Federal Government says it needs $10 billion Public-Private-Partnership investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply. Minister of Power, Adebayo Adelabu disclosed this when the Director-General, Infrastructure Concession Regulatory Commission (ICRC), Dr Jobson Ewalefoh, paid him a courtesy visit. A statement on the visit was made available to the News Agency of Nigeria (NAN) on Wednesday in Abuja, by Mr Ifeanyi Nwoko, Acting Head, Media and Publicity, ICRC. In the statement, Adelabu said that the government alone, could not…

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Nigeria Spent $3.5bn To Service Foreign Debt In Nine Months – CBN

ADEOLA YUSUF

The federal government spent $3.57 billion servicing the country’s foreign debt in the first nine months of 2024. According to data obtained from the Central Bank of Nigeria (CBN) report on international payment statistics, the federal government debt service increased by 39.7 percent from the $2.56 billion spent during the same period in 2023. The data showed that the highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.36 million, while the highest monthly expenditure in 2023 was $641.69 million recorded in July. READ ALSO: Financial Rules:…

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Financial Rules: Clubs Seeking Compensation If Man City Are Found Guilty

ADEOLA YUSUF

. City’s alleged rule breaches include not providing accurate financial information for nine separate seasons beginning 2009, including the full pay details of former head coach Roberto Mancini and players.   Manchester United, Arsenal, Tottenham and Liverpool have launched legal action to ensure they can claim compensation if Manchester City are found guilty of breaching Premier League financial rules. City have been charged with 115 breaches of Profit and Sustainability rules, with a commission underway to hear the case. A judgement is not expected until at least the end of…

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Mike Tyson Makes ‘Devil’ Promise In Upcoming Match With Jake Paul

ADEOLA YUSUF

“My own mother should be very careful if she has to get in the ring with me. When it’s over, it’s over. But while the process is going on, my intention is to hurt him. I hope he has the same intentions, or he is in trouble,” what the 58-year-old who was once considered ‘the baddest man on the planet’ said ahead of the Nov 15th showdown   As Mike Tyson prepares to compete in his first professional boxing match in nearly two decades against YouTuber-turned-prizefighter Jake Paul, the 58-year-old…

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Hijab: UI International School Loses Again, Court strikes Out Stay Of Execution Application

ADEOLA YUSUF

For the second time within six months, the International School Ibadan (ISI), University of Ibadan lost its application of stay of execution for the usage of hijab by female Muslim students of the school. This was sequel to striking out of the application for stay of execution of the previous judgement in May 22, 2024 granting the female Muslim students the right to wear their hijab on the school uniform by an Oyo State High Court sitting in Ibadan. Justice Moshood Isola, who presided over the court on Tuesday gave…

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Crescent Varsity Law Student Wins PSSG Essay Contest

ADEOLA YUSUF

She beat two other finalists, Henry Chukwura from University of Calabar and Nabila Sule, University of Ilorin to second and third positions respectively   Mujeebat Idris, an undergraduate of Bola Ajibola College of Law, Crescent University, Abeokuta has emerged in the first position of the Parliamentary System of Government Support Group (PSSG) National Essay Competition 2024. Platforms Africa reports that she beat two other finalists, Henry Chukwura from University of Calabar and Nabila Sule, University of Ilorin to second and third positions respectively. Film Review: House of Ga’a, By Mujeebat…

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