Author: Ifetayo Adeniyi

Enforcement of Third-Party Motor Vehicle Insurance begins in FCT – Police Enforcement of Third-Party Motor Vehicle Insurance begins in FCT – Police The Police Command in the Federal capital Territory (FCT) said it has commenced the enforcement of the mandatory Third-Party Motor Vehicle Insurance in the FCT. A statement by the Police Public Relations Officer in the FCT, SP Josephine Adeh on Sunday in Abuja said the enforcement followed the directive of the Inspector-General of Police (I-G), Kayode Egbetokun. Recalls that the I-G had on Jan. 10 announced that the enforcement of third-party insurance for vehicle owners nationwide would begin…

Tinubu Permits ₦104 Billion Loan Disbursement, Raises TETFund To ₦940 Billion Bola Tinubu Tinubu Permits ₦104 Billion Loan Disbursement, Raises TETFund To ₦940 Billion President Bola Tinubu has given go ahead for the disbursement of ₦104 billion under his student loan initiative, benefiting 600 students across Nigeria. Speaking at the 33rd Convocation of the Federal University of Technology, Minna, on Saturday, February 1, 2025, Tinubu, represented by Hajiya Rakiya Gambo Ilyasu, a Director in the Federal Ministry of Education, reaffirmed his commitment to making higher education more accessible. The President further disclosed that ₦940 billion has been earmarked for the…

FIFA Unveils Official Match Ball For The Club World Cup FIFA Unveils Official Match Ball For The Club World Cup FIFA has partnered with Adidas as the official supplier for the inaugural FIFA Club World Cup, unveiling a striking Official Match Ball that combines iconic design with advanced technology. The ball’s design pays tribute to the host nation, the United States, featuring bold graphics and symbols that celebrate the country’s rich heritage. Set against a pearlescent backdrop, the ball showcases jagged block patterns and deconstructed stars and stripes in red, white, and blue, a nod to the U.S. flag. Engineered…

Ecobank splashes N42m on customers in ‘Millionaire Geng’ Promo Head, Consumer Products & Segments, Ecobank Nigeria, Victor Yalokwu; one of the lucky winners of N500,000.00 in quarterly draws category, Aminat Adefaka; Head, Consumer Banking, Ecobank Nigeria, Adeola Ogunyemi; Head, Product Marketing, Ecobank Nigeria; Ejiebhen Egbomondion and Head, Corporate Communications, Ecobank Nigeria, Austen Osokpor during Ecobank Super Reward Grand Finale draws held in Lagos Ecobank splashes N42m on customers in ‘Millionaire Geng’ Promo Ecobank Nigeria has rewarded its customers with a total of N42 million in the just-concluded Super Reward “Millionaire Geng” Promo. The six-month campaign, which ran from July 1…

As Ikenna Ukwa Meets APC Stakeholders From Abiriba Resident In Aba As Ikenna Ukwa Meets APC Stakeholders From Abiriba Resident In Aba Chief Hon Ikenna Nicolas Ukwa, the Senior Legislative Aide to The Senate President – Nigeria, yesterday Saturday 1st February 2025 met with APC stakeholders from Abiriba resident in Aba. The familiarization meeting, held at Panyu Hotel and Suites in Aba, aimed to strategize on strengthening the party and unifying its members for future election victories. Chief Ikenna Nicolas Ukwa while speaking emphasized the need to build connections and address key concerns within the party that will help it…

Moment Tiwa Savage appears in Saudi, fans expresses love Tiwa Savage Moment Tiwa Savage appears in Saudi, fans expresses love. Afrobeats queen Tiwa Savage has once again sent social media into a frenzy after sharing a glimpse of her time in Saudi Arabia, with fans showering her with admiration and royal titles. The singer, whose post simply read “Live Simply”, racked up over 91,000 likes in just two hours, including a nod of approval from Nollywood actress Mide Martins. But it wasn’t just the likes that stole the show—her comment section turned into a vibrant fanfare of love, fire emojis,…

PETROAN has begun lifting petrol from PH, Warri refineries The Petroleum Products Retail Outlet Owners Association of Nigeria, PETROAN, said its members have started lifting Premium Motor Spirit, PMS, also known as petrol from the Port Harcourt and Warri refineries. Spokesman of the association, Joseph Obele, said the Nigerian National Petroleum Company Limited, NNPCL – owned refineries were operational and supplying them the product. In a statement on Saturday, he stated: “PETROAN members are now loading petroleum products, including Dual-Purpose Kerosene, Automotive Gas Oil, and Premium Motor Spirits,” he said. “The resurgence of these refineries has sparked intense competition, expected…

FG ready to spend $600m annually on electricity subsidy The Federal Government has announced plans to introduce an annual electricity subsidy of $600m for all customers from 2025 as part of efforts to reform the power sector. The subsidy, expected to last until 2027, aims to bridge the gap between cost-reflective tariffs and regulated electricity rates, while the government works towards eliminating the metering deficit and enhancing the financial sustainability of power distribution companies. According to Nigeria’s Energy Compact document obtained by Sunday PUNCH, the initiative is part of the National Energy Compact and aligns with Nigeria’s broader electrification and…

Dangote Petroleum Refinery reduces ex-depot price of petrol to N890 per litre Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), also known as petrol to N890 per litre, from N950 per litre, effective from Saturday, February 1, 2025. The price of crude oil, including Nigeria’s Bonny Light, a major feedstock, dropped to $75.67 per barrel, from over $80 per barrel in the international market. However, Dangote Petroleum Refinery said the price reduction was based on developments in the global oil market, adding that it remains committed to transparency and fairness to all stakeholders. In…

MTN spent N11bn to fix 2,502km fibre cables – GSMA MTN Logo MTN Nigeria, the country’s biggest telecom operator, spent N11.1 billion repairing and relocating 2,502km of fibre-optic cables over two years, according to data from the new GSMA Nigeria Digital Economy report. It stated that if these funds had been used for rollout instead of maintenance, the operator with 77 million subscribers could have laid an additional 870 km of new fibre. The costs showed that MTN spent N4.4bn in the 2022 financial year to repair 1,069km of fibre and an additional N6.7bn in 2023 to fix 1,433km. It…