Author: Ifetayo Adeniyi

Dangote refinery to gulp N1.7tn crude monthly – Report The Dangote Petroleum Refinery is going to need about N1.7tn worth of crude oil monthly following the directive of President Bola Tinubu mandating the Nigerian National Petroleum Company Limited to sell crude to the plant and other domestic refineries in naira. On Monday, Tinubu directed NNPC to sell crude to the Dangote refinery and other upcoming refineries in naira. The Special Adviser to the President on Information and Publicity, Bayo Onanuga, had made this known in a post via his official X handle. Onanuga said the Federal Executive Council adopted the…

First Lady Urges Nigerians To Be Patient The First Lady, Sen. Oluremi Tinubu has urged Nigerians, particularly youths to be patience with the present administration as it works earnestly, to ensure that things get better. The first lady gave the advice in the State House on Wednesday during an interview with newsmen on the planned nationwide hunger protest by some youths. “I appeal to the youths to be patience, we did not come to the state house to play, we are here to work because I know we would leave this place one day. “The government has been working day…

VFD Group showed  PAT of N3.11b for first half of year VFD Group Plc, a proprietary investment company in Nigeria, has posted a profit after tax (PAT) of N3.11 billion for the first half of 2024 driven by strategic investments and strong financial management. The Group’s total assets surged to N296.86 billion, representing a 35.4 per cent increase year-on-year (YoY) from N219.28 billion as of December 2023. Group Managing Director and CEO, Nonso Okpala, noted that the success is a direct result of the company’s relentless focus on strategic execution and operational efficiency. According to Okpala, “The significant growth in…

Currency in circulation reaches N4trn, 56% difference amid surge in cash hoarding with comparison to previous year – CBN The high rate of cash hoarding is attributed to multiple factors. Public mistrust in the banking system, fears about rising inflation, and a preference for physical cash in daily transactions have all contributed to this trend. Recent data from the Central Bank of Nigeria (CBN) has unveiled a striking milestone in the nation’s financial landscape. As of June 2024, the currency in circulation (CIC) reached an unprecedented N4.05 trillion, marking a dramatic 56 per cent increase from N2.6 trillion in the…

ALTON president says over 30 million lines are not properly linked to NINs Nigeria has 219.01 million connected lines as of March 2024. Gbenga Adebayo, the president of the Association of Licensed Telecom Operators of Nigeria (ALTON), has disclosed that over 30 million lines have not been properly linked to a National Identification Number. These lines are mainly in car trackers, MiFi units, WiFi devices, and Point of Sale (PoS) machines. He said this during a recent interview with News Central on the back of recent chaos caused by the unblocking of lines not connected to their NINs. “The numbers…

Housing: Edun inaugurates Family Homes Funds Board to advance affordable housing The Fund is designed to create an inclusive environment by providing affordable housing, generating employment opportunities, and combating poverty. In a decisive step towards addressing Nigeria’s housing challenges, the Federal Government has inaugurated the Board of Family Homes Funds Limited. The initiative aims to meet the housing needs of low-income earners and support broader socio-economic development across the nation. The formal inauguration took place on July 30, 2024, at the Ministry of Finance in Abuja, with Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy,…

NIGERIAN STUDENTS PASS VOTE OF CONFIDENCE ON DANGOTE REFINERY L–R Vice President External Affairs of National Association of Nigerian Students (NANS) Gombe, Muazu Hina, Chairman Oyo State NANS, Ridwan Adegoke, Gundu Mimidoo Joy, PRO, NANS, FUTA, Makurdi Benue State, Clerk of the Senate, NANS HQ, Senator Comrade Oladimeji Uthman, Comrade Alao John, Coordinator NANS South West, Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin; NANS Senate President, Akinteye Babatunde, Dangote Petroleum Refinery, Head of Administration, Musa Bala, NANS Assistant General Secretary, Paul Edoh Gabriel, Vice President Inter – Campus Affairs NANS, Mowete Amaka Juliet, During the NANS Delegates…

EBONYI STATE UNIVERSITY BECOMES THE FIRST NIGERIAN UNIVERSITY TO WIN THE AFRICAN MOOT AFTER 33 ATTEMPTS The Faculty of Law, Ebonyi State University, Abakaliki emerges winner of the 33rd Christof Heyns African Human Rights Moot Court Competition held in Kigali, Rwanda. The Ebonyi State University Team led by the Director of Law Clinic of the School, Dr. Mrs Chioma Vivian Iteshi, together with her Students, Cynthia Nwamaka and Agu Michael Ebeke defeated 63 other Anglophone Universities across the World to emerge victorious in this year’s event. This is worth celebrating 🙌🏼🥂 #EbonyiState #NdiAbakaliki #NdiEbonyi

US BORN BAYELSAN EMERGES WORLD CHAMPION IN SCIENCE, HAGUE NETHERLANDS. Davidpeter Ebikabowei Alamieyeseigha, a 13-year-old student at Charles Dale Memorial International School in Port Harcourt, Rivers State, has made history by being declared the WORLD AWARD WINNER IN SCIENCE at the iSTEM 2024 Grand Final Ceremony. This prestigious event, held at the World Forum in the city of Hague, Netherlands, brought together over 117 countries to celebrate the brightest young minds in the fields of Science, Technology, Engineering, and Mathematics (STEM). Born and raised in the United States, Davidpeter’s journey to becoming a World Award Winner began when he moved…

EBONYI STATE UNIVERSITY BECOMES THE FIRST NIGERIAN UNIVERSITY TO WIN THE AFRICAN MOOT AFTER 33 ATTEMPTS The Faculty of Law, Ebonyi State University, Abakaliki emerges winner of the 33rd Christof Heyns African Human Rights Moot Court Competition held in Kigali, Rwanda. The Ebonyi State University Team led by the Director of Law Clinic of the School, Dr. Mrs Chioma Vivian Iteshi, together with her Students, Cynthia Nwamaka and Agu Michael Ebeke defeated 63 other Anglophone Universities across the World to emerge victorious in this year’s event. This is worth celebrating 🙌🏼🥂 #EbonyiState #NdiAbakaliki #NdiEbonyi