Smuggled Nigerian petrol floods W’African markets, sells N1,700/litre

Smuggled Nigerian petrol floods W’African markets, sells N1,700/litre

The Federal Government, on Monday, raised the alarm over the renewed smuggling of Premium Motor Spirit, popularly called petrol, following the massive hike in the pump price of the commodity in neighbouring countries. It stated that while the average price of petrol in Nigeria was about N701/litre, the average cost of the product in neighbouring countries was N1,787/litre, a development that heightened PMS smuggling out of Nigeria in the past […]

June 11, 2024 9

NEWS

PalmPay resumes onboarding of new customers

PalmPay has announced that it has resumed onboarding users and merchants on its mobile app. A statement issued by PalmPay noted that the development highlighted its commitment to transforming Nigeria’s financial sector with secure, efficient solutions, while closely working with the apex regulatory body. The Managing Director of PalmPay Nigeria, Chika Nwosu, said, “Our commitment to excellence and financial security remains unwavering as we drive financial inclusion. Despite the growing […]

June 11, 2024 7

NEWS

I respect Oyebanji but won’t betray PDP – Fayose

A former governor of Ekiti State, Ayodele Fayose, on Monday, dismissed insinuations that he had dumped the opposition Peoples Democratic Party for the All Progressives Congress, as he expressed his desire to ensure the party returns to winning ways in the state in 2026. Fayose, who said he would never join the APC, appealed to PDP members to stop maligning his character and person, as he cautioned them against politics […]

June 11, 2024 8

NEWS

Concerns rise over teaching as over nine million fail UTME in seven years

The poor performance of students at the Unified Tertiary Matriculation Examination has raised concerns over system issues like unqualified teachers dotting the educational landscape, ‘LAOLU AFOLABI writes About 9.17 million out of a total of 11.9 million candidates who sat the Unified Tertiary Matriculation Examination conducted by the Joint Admissions Matriculation Board between 2018 and 2024 scored below 200 pass mark. As the average failure rate in the seven years stands at […]

June 11, 2024 10

NEWS

My father would haunt my dreams if I act in bad movies — Hubert Ogunde’s son, Owobo

Owobo, one of the sons of a Nigerian theatre pioneer, Hubert Ogunde, played the role of ‘Bashorun’ in the movie series, ‘Anikulapo: Rise of the Spectre’. He tells FAITH AJAYI about his experience working on that movie, other aspects of his career, and relationship with his dad Kunle Afolayan claimed that he heard your late father telling him to feature you in the movie. How did that make you feel? Subsequent […]

June 11, 2024 25

NEWS

Flights disrupted as striking workers shut Lagos, Abuja airports

The organised labour has shut down all entry points of aviation agencies at the Murtala Muhammed International Airport, Ikeja, Lagos and the Nnamdi Azikiwe International Airport in Abuja to press home their demands for the implementation of a new National Minimum Wage. This action has, however, affected flight operations at the nation’s busiest airport as airlines as passengers were left stranded at the airport entrances. This is coming barely 24 […]

June 3, 2024 49

BUSINESS

JUST IN: CBN revokes Heritage Bank’s licence

The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in a statement on Monday. According to the CBN, the bank’s management has been unable to stem the decline despite various […]

June 3, 2024 46

NEWS

WAEC appeals for strike exemption

The Head of the Nigeria National Office West African Examinations Council, Dr Amos Dangut has appealed for an exemption from the strike embarked upon by the organised labour to enable the council to conduct the ongoing West African Senior School Certificate Examination without disruptions. The ongoing WASSCE commenced on April 30 and will end on June 24, 2024. The organised labour had declared a nationwide strike, which began on Monday, […]

June 3, 2024 14

BUSINESS

Anambra labour monitors compliance, police warn against illegal enforcement

Organised Labour in Anambra State, comprising the Nigerian Labour Congress and Trade Union Congress said it has begun full monitoring of all affiliates unions and offices to ensure full compliance. This was disclosed in a press statement jointly signed by the state NLC Chairman, Humphrey Nwafor; Secretary, Gaius Chukwuka; TUC Chairman, Chris Ogbonna and Secretary, Alex Ebi, on Monday. The body said the exercise followed the directive of the national […]

June 3, 2024 24

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