Author: Ifetayo Adeniyi

P’Harcourt refinery achieves non-stop operation for 180-day — PETROAN Port Harcourt refinery P’Harcourt refinery achieves non-stop operation for 180-day. P’Harcourt refinery achieves non-stop operation for 180-day. The Petroleum Products Retail Outlets Owners Association of Nigeria has commended the Federal Government and the management of the Nigerian National Petroleum Company Limited for reportedly running the revamped Port Harcourt refinery for 180 days non-stop. The refinery, which had been dormant for over 20 years, was revamped with a loan secured from Afreximbank and executed by Tecnimont Nigeria Limited, a subsidiary of the Maire Tecnimont Group. It was relaunched for operations in November…

Healthcare materials left out of import duty, VAT – Customs Nigeria Customs Service Healthcare materials left out of import duty, VAT – Customs In accordance to the announcement by the Nigeria Customs Service, there will be a two-year exemption from import duty and Value Added Tax for critical raw materials essential for the production of pharmaceuticals. This was declared to be granted under a presidential executive order which was disclosed on Wednesday in a statement issued by the NCS National Public Relations Officer, Assistant Comptroller Abdullahi Maiwada. Abdullahi Maiwada noted that the relief covers active pharmaceutical ingredients and other…

Nigeria’s weak statistical performance, not on par with peers – World Bank World Bank Nigeria’s weak statistical performance, not on par with peers – World Bank * Nigeria needs not less than $10m annually to reach expected performance. The World Bank has expressed concern over Nigeria’s poor statistical performance, noting that the country is lagging behind its aspirational peers such as Mexico, Colombia, South Africa and Brazil. According to a statement by the budget ministry’s Director, Information and Public Relations, Mrs Julie Osagie-Jacobs, this was noted during a courtesy visit to the Minister of Budget and Economic Planning, Senator Abubakar…

@60, Delta deputy celebrates, offers free three-day medical outreach @60, Delta deputy celebrates, offers free three-day medical outreach The deputy governor of Delta State, Mr Monday Onyeme on Monday flagged off a three-day free medical outreach as part of activities lined up to celebrate his 60th birthday anniversary, The flag-off ceremony took place at Obiaruku in the Ukwuani Local Government Area of Delta State. At the occasion, the deputy governor said that it is God who made it possible for him to attain the age of 60 years and one of the ways of thanking God is through the free…

Zenith Bank keeps feat maintaining N1.3tr PBT in 2024 Zenith Bank keeps feat maintaining N1.3tr PBT in 2024 Zenith Bank keeps feat maintaining N1.3tr PBT in 2024. * Growth as a result of 138% increase in interest income. Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. According to the audited financial results for the 2024 financial year presented to the Nigerian Exchange (NGX), the Bank recorded a double-digit year-on-year (YoY) growth of 86% in gross earnings, increasing from N2.13 trillion in 2023 to N3.97 trillion…

Pastor Adeboye’s not drugs promoter nor involved in AI-generated scholarships Pastor Adeboye Pastor Adeboye, not drugs promoter nor involved in AI-generated scholarships The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, has rebuffed the AI-generated videos falsely depicting him promoting certain drugs and scholarships. According to a statement on his personal X account, Adeboye warned the public against deceptive social media posts from platforms such as “Africa Health Centre” and “Church-Funded Scholarships.” He emphasised that he had no involvement in such endorsement and advised people to refrain from engaging with or sharing the content.…

FG plans to link social register with NIN – Yilwatda National Identity Management Commission (NIMC) FG plans to link social register with NIN • This move helps government to be proactive to crises, mobilize resources and ensure timely assistance rendered. The Federal Government has said that efforts are underway to link the National Social Register with the National Identify Number (NIN) of all Nigerians to ease access to humanitarian interventions and authenticate beneficiaries of government programmes. Minister of Humanitarian Affairs Minister and Poverty Reduction, Professor Nentawe Yilwatda, made this known at a two-day National Humanitarian Roundtable in Abuja. The minister…

Bill to increase Lagos LGAs to 57 gets approval of second reading House of Representatives Bill to increase Lagos LGAs to 57 gets approval of second reading * Passes second reading on Wednesday during plenary. The House of Representatives has approved a bill seeking to accommodate Lagos State’s 37 Development Area Councils as full-fledged local government areas (LGAs). If enacted into law, this will increase the total number of LGAs in the state from 20 to 57. The bill which was among the 42 constitutional amendment bills passed on Wednesday was sponsored by Hon. James Abiodun Faleke (Ikeja Federal Constituency),…

Reps on bill to withdraw immunity on Vice President, Governors, Deputies Reps on bill to withdraw immunity on Vice President, Governors, Deputies House of Representatives – A bill to withdraw the immunity conferred on the vice president, governors, and their deputies has scaled second reading. The bill purpose was to limit corruption, eradicate impunity, and strengthen accountability in public office. Other 39 constitutional amendment bills also scaled second reading. One of such scaling second reading is the Bill for an Act to alter the Constitution of the Federal Republic of Nigeria, 1999 to separate the offices of the Attorney-General of…

NRC shows readiness for cargo train operation en route Lagos-Kano, says Opeifa [FILES] Train at a terminal in Lagos. PHOTO: SUNDAY AKINLOLU NRC shows readiness for cargo train operation en route Lagos-Kano. * Inspection tour was embarked on to verify situation of the rail. The Managing Director of the Nigerian Railway Corporation(NRC) Dr Kayode Opeifa has declared that the Western district is ready for cargo train movement between Lagos and Kano on the narrow and gauge. Opeifa made this known at Dugbe on Tuesday, the Ibadan Narrow Gauge Train Station after inspecting Moniya Freight Park, in Ibadan, Oyo State, during…