News Archives

NNPC can’t justify N6.34tn petrol subsidy – Ali

Sep 2, 2022 topnews

Col. Hameed Ali (retd.), the Comptroller-General of Nigeria Customs Service, has stated that the Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation) cannot justify the volume of Premium Motor Spirit (petrol) being consumed in the country daily to warrant the over N6.34tn subsidy payment on the commodity annually. Ali, in his presentation to the House of Representatives’ Committee on Finance at the continued hearing on the proposed 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper in Abuja on Thursday, argued that the NNPC cannot scientifically prove the…

Emirates reinstates operations in Nigeria

Sep 1, 2022 topnews

Emirates Airlines, United Arab Emirates, UAE, flag carrier operating in Nigeria, has announced the reinstatement of its flight operations in Nigeria. The airlines had earlier announced suspension of flight operations into the country from September 1, 2022, following its inability to repatriate over $85 million of its tickets sale. But, in response to the development, the Federal Government through the Central Bank of Nigeria, CBN, released part of the outstanding ticket sales fund. However, in an email to customers yesterday, the airline noted that starting September 11, 2022, it will…

Fidelity Bank explains acquisition of Union Bank UK

Aug 31, 2022 topnews

We refer to the news regarding the announcement of the proposed acquisition of Union Bank UK Pic. (“UBUK”) by Fidelity Bank. Recall that in 2020, Union Bank of Nigeria Plc. (“UBN”) or (“the Bank”) in a regulatory filing issued to the Nigeria Stock Exchange (NGX), the Bank announced that it had entered a Share Sale and Purchase Agreement to divest 100% of its equity stake in Union Bank UK Plc following a competitive bid process. This sale was in line with Union Bank’s strategy to streamline its focus on growth…

Crude oil theft: Highly-placed Nigerians involved – Mele Kyari

Aug 31, 2022 topnews

Mele Kyari, the Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC, said yesterday that high placed Nigerians, including religious, community leaders and government officials, were fully involved in crude oil theft. He also said the entire network of pipelines for petroleum products distribution in the country had been deliberately shut down as a result of the activities of vandals and also because the refineries were not operating as a business but incurring losses, adding that Nigeria would stop fuel importation in 2023. Speaking when he featured at…

ASUU declares indefinite strike

Aug 30, 2022 topnews

The Academic Staff Union of Universities has declared a total and indefinite strike. The decision was taken at a meeting of the union’s National Executive Council held on Sunday in Abuja. The union started its ongoing strike on February 14, 2022. The strike is in protest against the government’s failure to release revitalisation funds for universities, failure to release the white paper report of the visitation panel to universities and the failure to deploy the University Transparency Accountability System for the payment of salaries and allowances of lecturers. The union’s…

Cultists kill NURTW boss in Lagos

Aug 30, 2022 topnews

Cultists allegedly killed a Chairman of the National Union of Road Transport Workers, Sulaimon Onaolapo, aka Ariku, in the Kosofe Local Government Area of Lagos State. In a video which trended online on Sunday evening, no fewer than four suspected cultists were seen using cutlasses to hack Onaolapo till he died. The incident, however, caused tension as resident in the community on Monday, expressed fear over a reprisal by Onaolapo’s loyalists. While some residents said Onaolapo was killed over cult-related activities, other members of the community said the NURTW boss…

It’s an offence to enroll your wards in private schools, Ondo government tells teachers

Aug 29, 2022 topnews

Ondo State government, has declared that it has become an offence for any teacher in its public schools across the state to enrol their children in private schools. Chairman of the Universal Basic Education Board, SUBEB, Mr Victor Olabimtan, said this following the dwindling population of pupils in public primary schools across the state. The Head of Press and Information Services of the board, Bisi Agboola, in a statement, said the state government was worried over the development, despite its investment in primary education in the state. The statement reads:…

Drug peddling airport cleaner, others arrested by NDLEA

Aug 29, 2022 topnews

A cleaner, Sunday Ohiagu, at the international wing of the Murtala Muhammed International Airport, in the Ikeja area of Lagos State has been arrested by the National Drug Law Enforcement Agency for running a drug syndicate. The agency’s spokesperson, Femi Babafemi, in a statement, said Ohiagu was arrested on Tuesday following the arrest of a Dubai-bound passenger, Obinna Osita. He said Osita, an intending Air Peace flight passenger, was arrested with three bags, two of which contained eight blocks of cannabis sativa weighing 4.25kg concealed in cassava product, garri and…

Three women arrested for selling twins N3m, killing mum

Aug 27, 2022 topnews

Three women have been arrested by the Enugu State Police Command for an alleged conspiracy, trafficking of newborn twins and subsequent killing of their mother. This was contained in a statement issued on Friday by the command’s spokesman Daniel Ndukwe. The statement noted that the suspects; Ukorie Cynthia (25), Onyia Pauline (56) and Aroh Ijeoma (39) were remanded in the Enugu Maximum Correctional Centre on Friday. The statement stated that the trio were first arrested by operatives of the command attached to the Central Police Station Enugu July 26, 2022…

Shopping Mall under construction collapses in Abuja, workers trapped

Aug 26, 2022 topnews

Unknown number of workers were reportedly trapped in a three-storey building under construction, which has collapsed in the Kubwa area of Abuja. Nigeria Security and Civil Defence Corps (NSCDC) disclosed that the incident happened at midnight on Friday. It was gathered that officials of the National Emergency Management Agency (NEMA) have commenced rescue operations at the scene. The number of persons trapped in the building or who suffered casualty is yet to be ascertained at the time of filing this report. An eyewitness said some injured persons have been rescued…