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DESPITE LOCAL REFINERIES, NIGERIA SPENDS N9.1 TRILLION ON PETROLEUM IMPORTATION Despite Local Refineries, Nigeria Spends N9.1trillion On Petroleum Importation In Nine Months Which Is Double Of 2023 A review of data from the National Bureau of Statistics (NBS) has shown that Nigeria imported refined petroleum to the tune of N9.1trillion between January and September 2024. In the first quarter of …

NIGERIANS PAID N2.23 TRILLION RANSOM TO KIDNAPPERS IN 12 MONTHS – NBS The latest ‘Crime Experience and Security Perception Survey’ (CESPS) by the National Bureau of Statistics (NBS) has revealed that Nigerians paid a staggering N2.23 trillion in ransoms to kidnappers between May 2023 and April 2024. The report underscored the worsening security crisis across the country and its devastating …

CBN SETS DAILY WITHDRAWAL LIMIT ON POS TO N100k PER CUSTOMER The Central Bank of Nigeria (CBN) has set a daily withdrawal limit on point-of-sale (PoS) terminals to N100,000 per customer. In a circular to all deposit money banks (DMBs), microfinance Banks, mobile money operators and super-agents, titled ‘Cash-out limits for agent banking transactions,’ CBN said the restriction is in …

EDO ASSEMBLY SUSPENDS LG CHAIRMEN OVER GOVERNOR’S PETITION The Edo State House of Assembly has suspended all the 18 elected local government council chairmen in the state for alleged insubordination and gross misconduct. The House directed leaders of the legislature in the 18 local governments to oversee the running of the councils for the next two months. The House suspended …

LAGOS GOVT SEALS THE LORD’S CHOSEN, CELESTIAL CHURCH, HOTELS, OVER NOISE POLLUTION The Lagos State government under the Lagos State Environmental Protection Agency (LASEPA) has sealed multiple establishments, including The Lord’s Chosen Church, Celestial Church, hotels, and restaurants, in response to ongoing noise pollution issues. The agency said its decision comes as part of an intensified effort to curb environmental …

UNIZIK LECTURER, DR. CHINEDU, SHOT DEAD IN AWKA BY CAR-SNATCHING SYNDICATE A man identified as Dr Osita Chinedu, a lecturer in Nnamdi Azikiwe University, Awka was reportedly shot dead yesterday’s night in Awka, Anambra State Capital by yet-to-be identified car snatching syndicate. According to report, ‘Yes someone was shot dead along that high tension this evening. They are saying that …

NYSC MEMBER SLUMPS, DIES AT KEBBI ORIENTATION CAMP A National Youth Service Corps (NYSC) member deployed to Kebbi State, Tayachibiyacha Ebal, has tragically passed away after collapsing at the Dakin Gari Orientation Camp, News360 Nigeria reports. Reports indicate that Ebal suddenly slumped and was immediately rushed to the camp clinic for urgent medical attention. She was later transferred to the …

UNIABUJA, UNILAG, FUTA, OTHER RENAMED UNIVERSITIES THAT GENERATED CONTROVERSY Renaming of universities across the federation by the Federal Government has generated controversy. On Monday the Federal Executive Council (FEC) renamed the University of Abuja as Yakubu Gowon University in honour of the 90th birthday of a former head of state, General Yakubu Gowon (retd). Addressing journalists on the development, the …

NIGERIA LEADS WORLDWIDE IN CRYPTO OWNERSHIP Nigeria leads the world in crypto ownership, according to ConsenSys’ second annual Global Survey. The report indicated that emerging markets like Nigeria and South Africa are driving the global adoption of cryptocurrencies. The percentage of ownership is highest in the Philippines (54%), South Africa (68%), and Nigeria (73%). These countries are at the forefront …

RESIDENT NON-INDIGENES DECLARE 15ANAMBRA LGAS INSECURE Non-indigenes residing in Anambra State have raised concerns over escalating insecurity, declaring 15 out of the state’s 21 local government areas (LGAs) as unsafe. Speaking through their chairman, Alhaji Abubakar Sani, and secretary, Chief Adebayo Adewusi, the group called on Governor Chukwuma Soludo to declare a state of emergency in the affected areas. They …