NEWS
Senate Holds Closed Door Talks Over Rivers Emergency Rule
The Senate has convened in a closed session to discuss President Bola Tinubu's declaration of emergency rule in Rivers State, along with the suspension of Governor Siminalayi Fubara and other elected officials. The closed session was announced after Senate President Godswill Akpabio read a letter from Tinubu at plenary on Thursday. Senate leader Opeyemi Bamidele subsequently moved a motion for a...
NLC, TUC Urge Tinubu To Revoke Emergency Rule
The recent declaration of a state of emergency in Rivers State and the suspension of elected officials have been denounced by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC). The two labor centers said the action of the President blatantly violated the provisions of Part II, Section 305 of the 1999 Constitution (as amended) and constituted an...
Naira-For-Crude: Fuel Price Hike Looms As Dangote, NNPCL Talks Fail
The Dangote Petroleum Refinery has temporarily halted the sales of petroleum products in naira as the naira-for-crude talks between the $20bn Lekki-based plant and the Nigerian National Petroleum Company Limited appear to have failed. Following the announcement of the halt in petroleum products’ sales in naira by the Dangote refinery on Wednesday, the cost of loading petrol at private depots...
Air Peace Reduces Airfare On London-Lagos Route
Air Peace has said travellers will enjoy up to N600,000 reduction in airfares when they connect from cities across Nigeria to London with one additional luggage. The airline said this in a statement on Wednesday, adding that the promo runs until March 31, 2025, with an extended travel period until April 15, 2025. Air Peace in its statement signed by the...
Naira Appreciates To 1530.52/$ At Official Window
Naira has gained 0.16 percent to 1530.52/$ at the end of Wednesday's trading session from 1532.93/$ during the previous trading session on the Nigerian Foreign Exchange Market. According to CBN data, the naira traded as high as 1545/$ and the lowest rate of 1500/$, which was lower than Tuesday’s. At the parallel market, CardinalStone Research said that the naira remained unchanged...
FRSC Steps Up Patrols To Tackle Wrong-way Driving On Lagos-Ibadan Expressway
The Federal Road Safety Corps has promised to intensify patrols on the Lagos-Ibadan Expressway to deal with those driving against traffic and other route violations. The new Officer-in-charge, Ibafo Outpost, Ogun State, Ibrahim Olajide, made this known during a courtesy visit to The PUNCH place, Magboro, Ogun State, on Wednesday. Under what he called special intervention on road violations, Olajide stated...
Rivers Emergency Rule: FG Deploys 10,000 Troops Against Vandals As Opposition, NLC Protest
The Federal Government has deployed 10,000 Nigeria Security and Civil Defence Corps personnel to curb further attacks on oil pipelines against the backdrop of the blasts at oil installations in Rivers State between Sunday and Tuesday. The NSCDC spokesperson, Afolabi Babawale, confirmed the deployment of anti-vandal operatives to The PUNCH on Wednesday, stating that the operatives were tasked with protecting...
Minimum Wage: NYSC To Spend N307.6bn On Corpers’ Allowances
The National Youth Service Corps may spend as much as N307.6bn on the mobilisation and payment of allowances to corps members, The PUNCH reports. This amount is based on the increase in corps members’ allowances, which rose from N33,000 to N77,000, as announced by the NYSC in a statement released in September 2024. The increase followed the signing of the new minimum...
Dangote Refinery Suspends Petrol Sales In Naira
The Dangote Refinery has officially declared that it will cease supplying petroleum products in naira. In a statement by the refinery on Wednesday, the Dangote Group said the suspension is temporary. This followed reports that the Nigerian National Petroleum Company Limited might have stopped the sale of crude in naira to the Dangote refinery. “Dear calued customers, we wish to inform you...
Customs Intercepts ₦72.6m Petrol Smuggling To Cameroon Via River Benue
The Adamawa and Taraba Customs Command has confiscated Premium Motor Spirit (PMS), also known as petrol, valued at over ₦72.6 million. The command attributed the seizure to a renewed war for a sustainable economy and to safeguard the nation’s territorial borders against the infiltration of illicit trans-border Smuggling activities across the country. While briefing journalists on Wednesday, at the command headquarters...
