Author: Opalim Lifted

Senator Mathew Urhogide of Edo State and Senator Ayo Akinyelure of Ondo State have resigned from the Peoples Democratic Party (PDP). Their resignation was announced in two separate letters to Senate President Ahmad Lawan, which were read aloud during Wednesday’s plenary session. Senator Urhogide, who represents Edo South Senatorial District in the red chamber and also chairs the Senate Public Accounts Committee (SPAC), stated in the letter that his decision to quit from the PDP with immediate effect was due to the party’s inability to reconcile the crisis in the party in Edo State and at the national level. He…

The Nigerian National Petroleum Company Limited (NNPC) has announced the adjustment of the pump price of Premium Motor Spirit (PMS) by nearly 200% to between N488 and N557 nationwide. This was made known in a press statement issued today, May 31, 2023, and signed by Garba Deen Muhammad, the Chief Corporate Communications Officer of the NNPC. The statement reads: “NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS across our retail outlets in line with current market realities. As we strive to provide you with the quality service for which we are…

The Nigerian National Petroleum Company (NNPC) Limited implemented the long-awaited fuel pump price on Wednesday, bringing clarity surrounding pricing following the controversial subsidy reduction, which costs over $10 billion per year. Chronicle NG reports that this new change is also observed in Lagos, where NNPCL now retails petrol for N488 per litre at its station on Kingsway Ikoyi, while the NNPC Mega Station, Lagos Bus Stop, at Port Harcourt now sells for N511 per litre. Today, Nigerian National Petroleum Company Limited is the sole supplier of petrol in Nigeria, and it is therefore expected that other marketers would follow Nigerian…

The Naira strengthened against the dollar on Tuesday, trading for N464.50 in the investors’ and exporters’ window, up from N464.51 at the close of business on May 26. On Tuesday, the open indicative rate was N464.10 to the dollar. EFCC arraigns businesswoman, Ramallan-Yaro, four firms for multi-billion naira fraud The highest rate recorded during Tuesday’s trade was N467 to the dollar, before it finished at N464.50. Within the first day of trade, the # went for as little as 460 to the $. On Tuesday, a total of 120.36 million dollars were transacted in the official Investors and Exporters window.

Olumide Oyewole, a 28-year-old man, has been arrested by men of the police force for robbing and raping a lady at her Lekki apartment in Lagos. The suspect, clad in a mask, allegedly forced his way into the victim’s residence and tied her legs before raping her. After raping the victim, the suspect made off with her belongings, which included an iPhone 12 Pro, a Samsung S9 Plus, a little Nokia phone, two bottles of perfume, two wristwatches, one necklace, one iPhone charger, and $10,000 (approximately N4 million). Confirming the arrest, the Lagos State Police Public Relations Officer, Benjamin Hundeyin,…

Famous Nigerian artist and socio-political activist Charles Oputa, also known as Charly Boy, has raised alarm about President Bola Tinubu’s decision to eliminate fuel subsidies, claiming that the newly elected president has broken a record. Remember that the president stated during his inaugural address on Monday that the subsidy would no longer be maintained. Stakeholders have continued to express varied feelings about the development. While some congratulated the president for taking the risk, others believe the policy is arriving at the wrong time. Charly Boy noted that Tinubu’s contentious remark about the subsidies had caused petrol prices to rise in…

The Federal Government is scheduled to meet with the Nigeria Labour Congress (NLC) today to discuss the proposed elimination of fuel subsidy. Joe Ajaero, the National President of the NLC, made the announcement during an interview with a Channels television on Wednesday morning. Details later…

The Nigeria Security and Civil Defence Corps (NSCDC) has advised petroleum product merchants not to make residents’ lives unpleasant by stockpiling and raising pump prices. Mr. Muhammad Muazu, Commandant of the Corps in Zamfara, gave the warning in a statement published by the command’s Public Relations Officer, Mr. Ikor Oche, and made accessible to newsmen in Gusau on Wednesday. According to him, the Corps has been dismayed by the unjustified artificial shortage of petroleum goods caused by marketers in reaction to President Bola Tinubu’s announcement that subsidies on the items will be removed. Two teenage girls drown in Jigawa –…

The National Industrial Court affirmed the Federal Government’s no work, no pay policy in a challenge brought against the Academic Staff Union of Universities (ASUU). According to the court, the federal government’s no work, no pay policy imposed on ASUU strikes last year was fully legitimate. In a decision made by the Court’s President, Justice Benedict Kanyip, the court ruled that the Federal Government has the power to withhold wages from workers who engage in industrial action. The court, however, held that it is a violation of university autonomy for the federal government to impose the Integrated Payroll and Personnel…

The Nigerian Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have told President Bola Tinubu not to dare Nigerians with the removal of subsidies. In a separate statement, the two labour unions advised President Tinubu not to dare the Nigerian people, saying any attempt to further inflict hardship on Nigerians would be met with resistance. In a statement signed by its president, Comrade Joe Ajero, the NLC stated that it is “outraged” by the removal of the fuel subsidy. The statement reads, “We at the Nigeria Labour Congress are outraged by the pronouncement of President Bola Tinubu…