Author: Ifetayo Adeniyi

NNPC Ltd Commences Dishing Out Truck-Loads Of Products At PH Refinery NNPC Ltd Commences Dishing Out Truck-Loads Of Products At PH Refinery. The Nigerian National Petroleum Company (NNPC) Ltd, has began delivery of petroleum products into the market, following the commencement of crude oil processing at its Port Harcourt Refining Company (PHRC). A statement by the Company’s Chief Corporate Communications Officer, Olufemi Soneye, said on Tuesday, trucks commenced the loading of petroleum products including Premium Motor Spirit (PMS) or petrol, Automotive Gas Oil (AGO) or diesel and Household Kerosene (HHK) or Kerosene and other product slates. Speaking during a brief…

Adebayo’s ‘Jagun Jagun’ Reigns At BON Awards 2024 Having Won Six Categories Jagun Jagun Adebayo’s ‘Jagun Jagun’ Reigns At BON Awards 2024 Having Won Six Categories Actor and filmmaker Femi Adebayo emerged as the biggest winner at the 16th edition of the Best of Nollywood Awards, held on Sunday at the Sugar Factory Film Studios in Ilorin, Kwara State. Adebayo’s epic Yoruba film Jagun Jagun clinched six awards, including Best Actor, Best Costume, Best Indigenous Film, Best Production Design, Best Special Effects, and Director of the Year, which was shared by Bayo Tijani and Tope Adebayo. The film, a Netflix…

CBN lifts Interest Rate To 27.50% Governor Olayemi Cardoso CBN lifts Interest Rate To 27.50%. Despite growing discontent among manufacturers about high interest rates, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) has again raised the benchmark interest rate by 25 basis points from 27.25% to 27.50% CBN Governor Olayemi Cardoso disclosed this to journalists at the end of the two-day 298th Monetary Policy Committee (MPC) meeting in Abuja on Tuesday. Cardoso also disclosed that foreign reserves now stand at $40.88 billion enough to finance 17 months of imports. The apex bank however retained the Cash Reserve…

Dangote refinery cuts ex-depot price of petrol Dangote Petroleum Refinery Dangote refinery cuts ex-depot price of petrol. The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers. This is a cut from the refinery’s N990 ex-depot price announced earlier this month, according to a statement on Sunday. The slash would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant. Anthony Chiejina, Dangote Group’s chief branding and communications officer, said the move is the refinery’s way of…

Oba of Benin gets victory as Gov. Okpebholo overturns Obaseki’s decisions Monday Okpebholo Oba of Benin gets victory as Gov. Okpebholo overturns Obaseki’s decision. Edo State Governor, Monday Okpebholo, has made a significant move by abolishing the new traditional councils created by his predecessor, Godwin Obaseki, in Edo South senatorial district. The decision aims to restore the original traditional council structure in the region. In addition to abolishing the new councils, Governor Okpebholo has also reinstated the statutory financial entitlements of the Benin Traditional Council (BTC). The Chief Press Secretary to the Governor, Fred Itua, confirmed the development in a…

Mike Bamiloye Warns Against  Spiritual Authorities Disrespect Mike Bamiloye Mike Bamiloye gives warning against  Spiritual Authorities’ Disrespect. Renowned Nigerian evangelist and filmmaker, Mike Bamiloye, has cautioned individuals against criticizing spiritual leaders, warning of potential severe consequences tied to such actions. In a post shared on his official X account, Bamiloye used biblical examples to illustrate the dangers of disrespecting spiritual authorities. He referenced the story of Michal, Saul’s daughter, from 2 Samuel 6:16 and 6:23. Michal mocked King David for his dance of worship before God, which resulted in her being childless for the rest of her life—a divine punishment…

Social media adoption: See African countries with highest numbers Social media adoption: See African countries with highest numbers. Rapid smartphone penetration in Africa has fuelled social media adoption across the continent, transforming the way people connect, communicate, and do business. Increasingly, social media platforms have become central to digital business opportunities and growth, offering to democratise access to the world economy and providing young, educated, and digitally-savvy Africans with opportunities they could never have dreamed of—and increasingly, reasons to stay at home. Here, Bird Story Agency uses Statista data to reveal the top African countries by social media user base,…

David Hundeyin to compensate BBC journalist £95,000 for libel – UK court orders David Hundeyin to compensate BBC journalist £95,000 for libel – UK court orders The Royal Courts of Justice has ordered journalist David Hundeyin to pay BBC reporter Charles Northcott £95,000 (N202 million) after finding him guilty of libel. The court passed the judgment on October 8, 2024. The complainant, Mr. Northcott, was represented in the British court by a lawyer simply named Ms. Wilson, while Hundeyin was neither present nor represented in court. Hundeyin had accused Northcott of using his position as the director of a…

Dele Momodu has unveiled how presidential candidate paid 774 delegates $23m in 2023 election Dele Momodu Dele Momodu has unveiled how presidential candidate paid 774 delegates $23m in 2023 election. A journalist-cum politician, Dele Momodu, has revealed that a former presidential candidate spent $30,000 on 774 delegates during the build-up to the last presidential election. CityNews Nigeria reports that if summed up, the bribe amounts to $23,220,000 for the 774 delegates that participated in the primary. Momodu disclosed this while downplaying the possibility of running for the presidency in 2027. Speaking on the Key to Keys podcast show, the former…

Tinubu has applauded 3.46% GDP growth, assures of better living standard President Bola Tinubu Tinubu has applauded 3.46% GDP growth, assures of better living standard. President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand following the newly released third quarter Gross Domestic Product (GDP) report by the National Bureau of Statistics (NBS). According to the NBS, Nigeria’s GDP grew by 3.46%, compared to the 3.19% growth recorded in the second quarter. The growth in GDP shows that President Tinubu’s quest for a more robust boost in the economy and, by extension, a better…