By Jemimah Wellington, JKNMedia Reporter THE FEDERAL Executive Council (FEC) has directed the Nigerian National Petroleum Corporation (NNPC) to start selling crude oil to local refineries, including Dangote Refinery. This move aims to stabilize refined fuel prices and the dollar-Naira exchange rate. Under President Tinubu’s new strategy,...
By Joke Kujenya THE FEDERATION Account Allocation Committee (FAAC) discloses it has disbursed N2.32 trillion to Nigeria’s three tiers of government in June 2024. This distribution comes from the total revenue generated in May 2024. The disbursement included N1,223.89 billion from the Statutory Account, N587.46 billion from Exchange Gain,...
By Jemimah Wellington, JKNMedia Reporter FRANCIS AKAJIOBI, a 50-year-old Spain-based businessman, was arrested by the National Drug Law Enforcement Agency (NDLEA) at Lagos Airport with cocaine hidden in his sandals. He was caught at the departure hall of Terminal 2, Murtala Muhammed International Airport, trying to board a Royal Air Maroc flig...
By JKNMedia GLOBACOM HAS introduced special data roaming packs for Nigerians traveling to Paris for the 2024 Olympics. These packs offer excellent value, enabling Glo subscribers to capture and share memorable moments from the event with friends and family back home. Subscribers can purchase these data packs in Nigeria before their departure. ...
By Joke Kujenya MONDAY, PRESIDENT Bola Tinubu has signed the National Minimum Wage Amendment Bill 2024 into law. The new law mandates a minimum monthly salary of N70,000 and is reviewable every three years. President Tinubu signed the bill during a Federal Executive Council meeting. The Head of Service remarked that the law reassures workers [...
By David Onyeji LOVE IS a choice, a constant tussle between our desire for independence and our need for connection. It’s the delicate dance between two people, each trying to lead, yet both stumbling to the same rhythm. And when we finally find that rhythm, oh, it’s like the drums of our ancestors beating in […]
By Bolanle BOLAWOLE WHEN TWO elephants fight, the grass, they say, suffers. But when cabals fight, and fight dirty like the Nigerian National Petroleum Corporation (NNPC) and Aliko Dangote are doing, what happens? Dogs eat dogs and chickens gnaw at each other’s intestines. Can of worms explode in the open and cupboards full of skeletons, [&hel...
By Ajibola Olaide, JKNMedia Reporter THE ALLEGATIONS that it owns shares in a Maltese oil storage and blending company Oando PLC has been strongly denied by Oando PLC. The accusations, circulating on social media, claim that Oando and its executives hold interests in Raz Hansir Oil Terminal Limited. This company supposedly imports adulterated ...
By Jemimah Wellington, JKNMedia Reporter LAGOS STATE announced it is enhancing its school curriculum using Artificial Intelligence (AI). Mr. Abolaji Abayomi, Permanent Secretary of the Lagos State Ministry of Basic and Secondary Education, disclosed this at an event at the Education Resource Center in Ojodu, Lagos. The event honored students w...
By Joke Kujenya THE NIGERIAN National Petroleum Corporation (NNPC) Ltd disclosed it has identified the cause of the recent fuel shortage in Lagos and Abuja. A discharge hitch involving several vessels led to the disruption. Olufemi Soneye, Chief Corporate Communications Officer at NNPC Ltd, shared this information in a statement from Abuja on ...
