FG to Issue N758bn Bonds for Pension Debts
The Federal Government will issue N758 billion in bonds to clear outstanding pension debts under the old Defined Benefit Scheme, Minister of Finance Wale Edun announced Tuesday after the 23rd Federal Executive Council meeting in Abuja. “There was approval for the government, through the Debt Management Office, to raise a Federal Government Bond of about […]
Oil Spill Reported Near Port Harcourt, Shell Launches Investigation
Shell Petroleum confirmed an oil spill at Ogale, near Port Harcourt, on Monday, after a saver pit overflowed during flushing operations. The company stated that its spill response team contained the overflow and notified authorities. A joint investigation led by regulators is being arranged to assess the cause and impact, Shell said in a statement. […]
‘Man About The House’ Star Brian Murphy Dies at 92
Veteran English actor Brian Murphy, best known for his role as George Roper in the classic sitcom Man About The House, has passed away at the age of 92. His wife, actress Linda Regan, confirmed his death in a heartfelt post on social media, writing, “My love for you will never die. RIP Sweetheart.” Murphy […]
Banks Avert USSD Shutdown Amid Debt Repayment
Nigeria’s telecom operators have kept Unstructured Supplementary Service Data (USSD) services active as banks make significant progress in repaying their ₦160 billion debt, preventing disruptions for millions of users. The Nigerian Communications Commission (NCC) had warned that nine banks faced disconnection by January 27, 2024, over unpaid charges dating back to 2019. However, swift repayments […]
Petrol Price Drops to ₦925 as Dangote Refinery Cuts Prices
The loading cost of Premium Motor Spirit (PMS) at private depots in Nigeria dropped to ₦925 per litre on Monday, down ₦27 from ₦952 last Friday. The reduction follows Dangote Petroleum Refinery’s decision to lower its ex-depot price from ₦950 to ₦890 per litre, effective Saturday. While the price cut benefits consumers in the long […]
South Korea’s Impeached President Yoon Faces Court Hearing
South Korea’s impeached President Yoon Suk Yeol appeared in court Tuesday for hearings that will determine whether he is officially removed from office following his controversial declaration of martial law. Yoon, a former prosecutor, threw the country into political turmoil on December 3 by imposing martial law, suspending civilian rule, and deploying soldiers to parliament. […]
WHO Chief Urges U.S. to Reconsider Withdrawal
The World Health Organization (WHO) Director-General, Tedros Adhanom Ghebreyesus, responded to U.S. President Donald Trump’s decision to withdraw from the WHO, urging the U.S. to reconsider. Tedros addressed claims made in Trump’s executive order, including accusations of failure to adopt reforms, unfair financial demands, and mishandling the COVID-19 pandemic. Tedros highlighted the WHO’s recent reforms […]
NUPRC Enforces Crude Supply Rule, Threatens Export Ban for Defaulters
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has directed oil exploration and production companies to strictly adhere to Crude Oil Supply Obligations for local refineries, warning that failure to comply will result in denial of export permits for crude cargoes meant for domestic refining. In a circular issued Monday, NUPRC emphasized that any changes to […]
Nigerians to Face Fresh Electricity Tariff Hike – FG
The Federal Government has announced that Nigerians should prepare for new electricity tariffs in the coming months as part of efforts to align pricing with supply costs. According to Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, Nigeria’s power prices need to rise by about two-thirds for many consumers to reflect the true […]
NCDC Boosts Surveillance as Uganda Confirms Ebola Outbreak
Following the confirmation of an Ebola Virus Disease (EVD) outbreak in Uganda, the Nigeria Centre for Disease Control and Prevention (NCDC) has intensified border surveillance, particularly at airports, to prevent potential importation. NCDC Director-General, Dr. Jide Idris, reassured the public that no cases of Ebola have been reported in Nigeria but emphasized heightened preparedness, including […]
