By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has clarified that its recently revived Port Harcourt refinery is currently operating at 90% of its capacity, not 70% as reported by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN). PETROAN had earlier stated that the refinery, with an installed capacity of 60,000…
By Ayomide Otitoju The Lagos High Court in Ikeja continued its hearing on Thursday in the case against former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, with the seventh prosecution witness, Mr. John Adetola, testifying about a $400,000 transaction involving the former CBN Governor. Adetola, who served as Executive Assistant to Emefiele,…
By Ayomide Otitoju Dr. Ngozi Okonjo-Iweala has been reappointed as Director-General of the World Trade Organization (WTO), reaffirming her trailblazing role as the first woman and first African to lead the global trade body. Known for her no-nonsense approach and ability to navigate complex international negotiations, Okonjo-Iweala has committed to breaking deadlocks within the 166-member…
By Ayomide Otitoju The Court of Appeal sitting in Lagos has overturned the life imprisonment sentence handed to Dr. Olufemi Olaleye, Medical Director of Optimal Cancer Care Foundation, for allegedly defiling his wife’s 16-year-old niece. Delivering the lead judgment, Justice Olukayode Bada, supported by Justices Mohammed Ibrahim Sirajo and Folasade Ayodeji Ojo, acquitted and discharged…
By Ayomide Otitoju The arraignment of former Kogi State Governor Yahaya Bello at the Federal High Court in Abuja was postponed on Friday due to the absence of his legal team. Bello, who faces a 19-count charge of money laundering amounting to ₦80.2 billion brought by the Economic and Financial Crimes Commission (EFCC), appeared before…
By Ayomide Otitoju Wema Bank, known for pioneering Africa’s first fully digital bank, ALAT, joined the global community in commemorating International Fraud Awareness Week 2024 with a seminar held at its headquarters in Lagos on November 20. Themed “Share A Story, Stop A Scam,” the week-long initiative aims to raise awareness about the escalating threat…
By Ayomide Otitoju Nigeria’s President Bola Tinubu and France’s President Emmanuel Macron signed two pivotal agreements on Thursday in Paris, solidifying a partnership aimed at advancing critical infrastructure development and ensuring long-term agriculture and food security. The agreements were finalized during an economic forum held at the Palais des Élysée, as part of President Tinubu’s…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has dismissed allegations made by a Rivers State community leader, Timothy Mgbere, who claimed the Port Harcourt refinery is not producing fuel despite recent announcements. Mgbere, described as a leader in the Alesa community, appeared on national television Thursday, accusing the NNPCL of misleading Nigerians…
Australia’s parliament has passed a landmark law banning children under 16 from using social media platforms, a global first that places significant pressure on tech companies to enhance security measures. The ban, passed in the Senate on Thursday by 34 votes to 19, targets platforms such as TikTok, Snapchat, Instagram, Facebook, X, and Reddit, with…
