The price war in Nigeria’s downstream oil sector escalated further on Tuesday as major oil marketers moved to offer petrol at rates lower than the ₦825 per litre ex-depot price set by Dangote Petroleum Refinery. Naija News reports that this development follows revelations that the landing cost of imported Premium Motor Spirit (PMS) has dropped … Read more
Inspector-General of Police (IGP), Kayode Egbetokun, has ordered the transfer of 25 senior officers to various commands and departments across the country. Naija News understands that the reshuffling follows the mass compulsory retirement of senior officers who had either completed 35 years of service or reached the 60-year age limit. This move aligns with the Police … Read more
The Governor of Akwa Ibom State, Umo Eno has stated that he is expecting citizens to come after him with the Economic and Financial Crimes Commission (EFCC) when he vacates office. Eno made the declaration at the Uyo Township Stadium on Tuesday while distributing various cash awards, business startup tools and equipment to numerous beneficiaries. … Read more
The Police Service Commission (PSC) has sanctioned the appointment of CP Ibrahim Adamu Bakori as the new Commissioner of Police for Kano State. This appointment was detailed in a statement issued and signed by the Head of Press and Public Relations, Ikechukwu Ani. Naija News understands that CP Bakori, hailing from Katsina State, takes over … Read more
President Bola Tinubu has rejoiced with former justice of the Supreme Court and Nigeria’s High Commissioner to the United Kingdom, Justice George Oguntade, on his 85th birthday. Justice Oguntade, who began his legal career as a court clerk and was appointed a Judge of the Lagos High Court in 1980, served as judge of the … Read more
The Economic and Financial Crimes Commission (EFCC) has revealed 58 fraudulent companies running illegal investment schemes and defrauding Nigerians of their money. Naija News reports that these firms, posing as legitimate investment entities, were found to be unregistered with both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The revelation came … Read more
In a major stride toward fostering innovation and collaboration, the United Kingdom (UK) and Nigeria have officially launched the Creative Industries Technical Working Group, marking a pivotal development in the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP). This partnership aims to deepen bilateral ties and create a robust framework for growth within the creative sectors … Read more
The Economic and Financial Crimes Commission (EFCC), on Tuesday, listed 58 companies posturing as investing entities and defrauding innocent Nigerians of their hard-earned money. The move was in line with the Commission’s commitment towards sanitising the financial space of the nation and offering the investing public adequate and reliable information on the activities of illegal … Read more
The landing cost of petrol in Nigeria has reduced to N774.72 per litre, leading to a price competition in the downstream oil sector. On Tuesday, major oil marketers reacted to this change by adjusting their pricing strategies, challenging the N825 per litre loading cost set by Dangote Petroleum Refinery. Industry players revealed that the recent … Read more
The son of former Kaduna State Governor Nasir El-Rufai, Bashir El-Rufai, has ignited controversy with a comment on X (formerly Twitter), suggesting that violence in Southern Kaduna would persist if residents continued to attack Fulani herdsmen. Naija News reports that Bashir, known for his controversial outspoken nature on social media, deleted the tweet shortly after … Read more