ONE WORD

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied the alleged plan by the association to increase the pump price of Premium Motor Spirit (PMS), also known as petrol, to N700 per litre nationwide. NAN reported that the Chairman of IPMAN Southwest Zone, Dele Tajudeen, made the clarification in an interview in Ibadan on Friday. He urged Nigerians to disregard the speculation and not engage in panic buying. Tajudeen stressed that the product’s price would not be more than what is being sold presently. He commended President Bola Tinubu for removing the subsidy on petrol, adding that it was long overdue. “Even in the PIA bill, it has been clearly stated that the subsidy must be removed. So, I want to commend him for removing the subsidy and say that we are in support. It is because the subsidy was a scam.” He said the slight increase in pump price was because of the transportation cost and that Nigerians should be at rest as the commodity will not be out of reach...

  President Bola Tinubu, has renamed some federal airports after several prominent Nigerians. The renaming of the airports was announced in a memo released by the Federal Ministry of Aviation dated June 1, 2023, and signed by Mrs Joke Olatunji for the Director of Airport Operations on Monday. The statement noted that the President renamed the airports “as part of reforms of the Aviation sector.” The Maiduguri Airport was renamed after the immediate past President Muhammadu Buhari and the Port Harcourt Airport after the late nationalist Obafemi Awolowo, while the Nasarawa Airport immortalised the late founder of the Sokoto Caliphate, Usman Dan Fodio. Also, the Benin Airport was renamed after the late Oba of Benin, Oba Akenzua II, Ebonyi Airport after the late Senate President Chuba Okadigbo, and the Ibadan Airport after the late Premier of the old Western Region, Ladoke Akintola. See the full list below: 1. Akure Airport – Olumuyiwa Bernard Aliu 2. Benin Airport – Oba Akenzua II 3. ...

  Nigeria has recorded 30 cases mental health challenge and six deaths among its pilgrims in the ongoing 2023 Hajj in Saudi Arabia. Dr Usman Galadima, the Chief of Operations and Head of Nigerian Medical Team for the 2023 Hajj, revealed this during a Pre-Arafat meeting with all stakeholders held on Saturday in Makkah, the Kingdom of Saudi Arabia by the National Hajj Commission of Nigeria (NAHCON). Speaking at the meeting also attended by the Chairman of NAHCON, Alhaji Zikrullah Hassan, Galadima said his medical team also recorded seven cases of pregnancies, two miscarriages, eight communicable diseases and offer consultation to 15,860 patients among Nigerians pilgrims. However, the Chairman of NAHCON said the commission had successfully transported all the 95,000 eligible Nigerian pilgrims to Saudi Arabia. He disclosed that a few days ago the commission out of determination to transport all pilgrims to Saudi Arabia made a reservation of five flights extra in the event that there wa...

The Bola Tinubu-led Federal Government has granted licenses to Eterna Plc, Emadeb Energy Services Limited, and Asharami Energy to import petrol into the country from next month. The three oil companies were given permission to import petrol by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The three companies were the first among the six oil firms licensed to import petrol by July. A source said: “The licensed companies are Eterna Plc, Emadeb Energy Services Limited, and Asharami Energy.” “Dangote refinery is surprisingly not among the first three companies, but there are strong indications that the company will be among the companies granted the importation permit in the near future,” another source said. Following the withdrawal of the petrol subsidy, the Nigerian National Petroleum Company (NNPC) Limited said it is no longer the sole supplier of petrol in the country. Prior to the subsidy removal, the company served as the country’s last-resort suppli...

Nigeria Consumer Protec- tion Network (NCPN) has said that the electricity tariff in Nigeria will be increased by 50 per cent as implementation of a review of the Multi-Years Tariff Order (MYTO) may begin on July 1, 2023. President of NCPN, Kunle Kola Olubiyo, in a statement, which was made available to journalists, yesterday, said a 50 percent tariff hike was imminent with the recent floating of the naira/ deregulation of the Forex Trading Windows, which allows the value of the local currency to be determined by market forces and the removal of subsidy on petrol. The statement was titled: ‘Electricity Tariff To Be Increased By 50% Effective From 1st of July 2023’. Industry sources confirmed that the Nigeria Electricity Regulatory Commission (NERC) has a statutory responsibility to review tariffs in June and December. They further stated that a review in June is always implemented in July while that in December is implemented in either January or February. It was further learnt that Ju...

  The Department of State Services told the Federal Capital Territory High Court on Tuesday that suspended Central Bank of Nigeria Governor, Godwin Emefiele, will flee the country if granted bail. The Attorney General of the Federation also supported the argument of the DSS, describing Emefiele as a “flight risk.”. The former head of the apex bank is challenging his detention by the DSS and denying him seeing his family members and lawyers. @goldmynetv  reports that Emefiele was suspended by President Bola Tinubu and subsequently detained by the DSS on Saturday, June 10, 2023 At the resumption of hearing on Tuesday, both DSS and OAGF stated these in separate counter-affidavits filed in a fundamental rights enforcement suit by the suspended CBN chief. In its own affidavit, the OAGF dismissed the speculation that Emefiele was being held for terrorist-related crimes. It also said he was not being victimised for his involvement in politics and the botched naira redesign policy. Th...

Born on Sept. 4, 1964 in Erinja, Yewa South Local Government Area of Ogun State, Egbetokun enlisted into the Nigeria Police Force on March 3, 1990, as a Cadet Assistant Superintendent of Police. In 1999, he was appointed Chief Security Officer to Governor of Lagos State, Senator Bola Tinubu. He served as the Commander, Rapid Response Squad, Lagos, Squadron Commander, Mopol 5, Benin, Benin City, Officer-in-Charge, Anti-Fraud Unit, FCT Command, Abuja; Chief Superintendent of Police, Administration, Lagos State Command Head Quarters, Ikeja; Area Commander, Osogbo, Osun State Command; and Area Commander, Gusau, Zamfara State Command, among others. Egbetokun graduated from the University of Lagos, Akoka, Yaba, Lagos, with Bachelor of Science degree in Mathematics in June 1987; and lectured Mathematics briefly at Yaba College of Technology, Lagos, before his enlistment into the Police Force. His other academic qualifications include MSC Engineering Analysis, also from the University of Lagos...