Navy uncovers vandalised NNPCL oil well, arrests four

Navy uncovers vandalised NNPCL oil well, arrests four

The Nigerian Navy has excavated and dismantled oil equipment of a suspected oil syndicate on Oil Mining Lease-18 in Elem Krakama Creek in the Degema Local Government Area of Rivers State. The Navy said it dismantled the equipment used in siphoning crude precisely on Oil Well 17 operated by the Nigerian National Petroleum Company Limited. The Commander, Nigerian Navy Ship Pathfinder, Commodore Suleman Ibrahim, said the Navy spotted the illicit […]

July 17, 2023 62

NEWS

CSO demands Malami’s probe over alleged N1bn car gifts

A civil society organisation, Human and Environmental Agenda, has demanded a “thorough, immediate and urgent investigation” into the alleged N1bn car gifts by the immediate-past Attorney General of the Federation and Minister of Justice, Abubakar Malami, to his supporters in Kebbi State. The anti-corruption group, in a petition to the Independent Corrupt Practices and other Related Offences Commission, also demanded Malami’s probe over several allegations of corruption and abuse of […]

July 17, 2023 22

NEWS

Ladoja sues Makinde over Ibadan Obas

The Otun Olubadan of Ibadan, Chief Rashidi Ladoja, has dragged the Oyo State Governor, Seyi Makinde and the Olubadan of Ibadanland, Oba Lekan Balogun to court over the recent elevation of 10 Ibadan High Chiefs to beaded crown-wearing Obas. In the suit filed before the Oyo State High Court in Ibadan, Ladoja also joined the newly-elevated Obas as defendants. It will also be recalled that the governor last Friday presented […]

July 13, 2023 145

NEWS

Sanwo-Olu felicitates Soyinka at 89

The Lagos State Governor, Mr Babajide Sanwo-Olu, has felicitated Nobel laureate, Prof. Oluwole Soyinka, on his 89th birthday. Sanwo-Olu in a congratulatory message issued on Wednesday by his Chief Press Secretary, Mr Gboyega Akosile, described Prof. Soyinka as “a quintessential scholar and literary icon who has used his position and experience to contribute positively to literature, academics and governance globally.” Prof. Soyinka, a 1986 Nobel Prize in Literature winner and […]

July 13, 2023 25

SPORTS

PSG keen on Osimhen as Mbappe replacement

La Gazzetta dello Sport confirms Napoli star Victor Osimhen is PSG’s primary transfer target if Kylian Mbappé leaves this summer. Mbappé has openly admitted that he’s planning to leave PSG on a free transfer at the end of his contract in June 2024, but the Ligue 1 giants want to sell him this summer if he doesn’t sign a new deal with the club. Sunday’s printed edition of La Gazzetta dello […]

July 10, 2023 83

BUSINESS

Traders, mechanics pay N167bn, decry multiple taxation

Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023, according to findings. The total tax was raised from Value Added Tax and Company Income Tax. According to the Federal Inland Revenue Service, CIT is a 30 per cent tax imposed on the profit of companies and VAT is a 7.5 […]

July 10, 2023 101

BUSINESS

Bank customers lose N472m to fraudsters in three months –Report

A report by FITC has revealed that bank customers in Nigeria lost N472m to fraud in the first quarter of 2023. It was also disclosed that there was a total of 12,553 cases of fraud recorded within this period. This was according to the Q1 report obtained by The PUNCH from the website of FITC. FITC’s institutional members are members of the Nigerian Banker’s Committee, which comprises the Central Bank […]

July 10, 2023 30

NEWS

Cost of living: More Nigerians may join Japa train as hardship worsens

Strong indications have emerged more Nigerians may relocate from the country in 2023 and beyond as the nation’s socio-economic conditions worsen, and hope remains bleak. This came on the heels of the recent removal of fuel subsidy, further depreciation of the naira, impending increase in electricity tariff, and the introduction of Value Added Tax on diesel amid an already battered economy. The Nigerian economy has been exposed to numerous economic […]

July 10, 2023 15

NEWS

NACCIMA hails Tinubu’s emergence as ECOWAS Chair

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has congratulated President Bola Tinubu on his election as the Chairman of the Economic Community of West African States. NACCIMA’s President, Mr. Dele Oye, made this known via a statement released on Sunday in Lagos. Recall that Tinubu emerged as the Chairman of ECOWAS at the 63rd Ordinary Session of the regional bloc in Guinea Bissau. Oye said the […]

July 10, 2023 13

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