Day: September 19, 2023

Just In! NNPCL sacks management staff with 15 months to retirement

Aminu Imam

The Nigerian National Petroleum Company (NNPC) Limited has compulsorily retired all management staff with less than 15 months to statutory retirement. In making the announcement on Tuesday, NNPC declared that the reason for the exercise was because of the need to boost its business objectives and strategic operations, adding that it was with immedidate effect. The move, the company added, is in line with its commitment to scale-up capabilities through targeted talent management and equal opportunity for all Nigerians. NNPC made the announcement via its official X (formerly Twitter) handle,…

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Political Appointment: Northern Broadcast Media Owners Association congratulates Dr. Hakeem Baba Ahmed

Aminu Imam

Aminu Imam The news of the appointment of Dr. Hakeem Baba-Ahmed as the Special Adviser to Vice-President, Kashim Shettima, was met with congratulatory messages from various quarters, including the Northern Broadcast Media Owners Association, (NBMOA). Recall that the announcement of Dr. Hakeem’s appointment as the Special Adviser on Political Matters in the office of the Vice-President by President Bola Ahmed Tinubu, was made yesterday. Chairman of NBMOA’s Board of Trustees, Alhaji (Dr) Ahmed Tijjani Ramalan, in a press statement on Tuesday, extended warm congratulations to Dr. Baba-Ahmed on his new…

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Fuel price increase looms, as crude oil hits $95.70 per barrel

Aminu Imam

…FG insists on no price hike The continued rise in the price of crude oil, at $95.70 per barrel yesterday from $94 per barrel weekend, in addition to inflation and depreciation of the Naira have culminated in the price of imported fuel rising in the global market. This is contained in the latest report from the Organisation of Petroleum Exporting Countries (OPEC) yesterday. Oil traders, who spoke to newsmen, said refiners would pass the high price of oil to fuel importers, including Nigeria which imports 100 per cent of its…

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12.5kg cooking gas price may hit N18, 000 by December — Marketers

Aminu Imam

Gas retailers have issued a warning that the cost of a 12.5kg cooking gas cylinder could reach N18, 000 by December if the Federal Government does not take steps to regulate the activities of terminal owners. President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, revealed that the price of cooking gas, also known as Liquefied Petroleum Gas, (LPG), has significantly skyrocketed at terminals. The sudden development has led to prices rising from about N9-N10 million per 20 metric tons to N14 million per 20 metric tons.…

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Zamfara: Tribunal affirms Lawal as Gov.; throws out Matawalle’s petition

Aminu Imam

The Zamfara State Governorship Election Petitions Tribunal, which was in session in Sokoto yesterday, validated Dr. Dauda Lawal’s election as the legitimate governor of the State. The petition by Bello Matawalle, a former governor of the State, contesting the legitimacy of the election that elected Lawal as governor was also rejected by the court. Matawalle, who is now Minister of State for Defence, had accused the Independent National Electoral Commission (INEC) of subverting his victory at the polls, for failure to include the results of some ward areas, which if…

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Tinubu appoints Peter Obi’s running mate’s brother, Hakeem Baba-Ahmed as Special Adviser

Aminu Imam

President Bola Ahmed Tinubu has appointed the spokesman of the Northern Elders Forum (NEF), Hakeem Baba-Ahmed, as the special adviser on political matters in the office of the vice president, Kashim Shettima. Baba-Ahmed is the elder brother of Datti Baba-Ahmed, vice-presidential candidate of the Labour Party (LP) in the February 25 election. Hakeem Baba-Ahmed announced the development in a post yesterday on his official Twitter (formerly known as X) page. According to him, now is not the time for fence-sitting or criticism, and urged Nigerians to pray for him and…

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Appointments: MURIC knocks Tinubu for favouring Yorubas, Christians

Aminu Imam

The Muslim Rights Concern, (MURIC), has berated the Christian Association of Nigeria (CAN) for remaining silent more than 72 hours after the appointment of five Christians and two Muslims as Service Chiefs by a Muslim president, Bola Ahmed Tinubu. This was contained in a statement issued yesterday by MURIC’s Executive Director, Professor Is’haq Akintola. According to MURIC, the appointments made so far by President Tinubu are lopsided because they favour mainly Yorubas and Christians. The group argued that the Nigerian media as well as cyberspace would have been awash with…

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FAAC queries NNPCL over misappropriation of $55m NLNG dividend

Aminu Imam

The Federation Account Allocation Committee (FAAC) has launched an investigation to find out what the Nigerian National Petroleum Corporation Limited (NNPCL) did with some dividends from the Nigerian Liquefied Natural Gas (NLNG). NLNG is a Nigerian natural gas company that operates in the liquefied natural gas sector. An ad-hoc committee is currently reviewing and comparing the amounts due for subsidies, taxes, royalties, and other payments, with the amounts that have been received or paid so far. According to the report of the FAAC post-mortem sub-committee for August, $275 million accrued…

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Enugu: IPoB gunmen abduct Catholic priest, 6 others

Aminu Imam

…Demands N100m as ransom A Catholic priest, identified as Rev. Fr. M. Okide, of the Catholic Diocese of Enugu and six other travellers were abducted by IPoB gunmen in Enugu on Sunday evening. The incident occurred between 4.30 pm and 5 pm, along Eke-Affa-Egede Road in Udi local government area of the State. It was learnt that the kidnappers had already made telephone contacts with relatives of the victims demanding N100 million as ransom before the Catholic priest and other captives would be released. Reports said the kidnappers had left…

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Anchor Borrowers Scheme: Panic grips beneficiaries of CBN’s N1.1 tr loan, as Tinubu’s deadline ends

Aminu Imam

Reports have indicated that the Jim Obazee-led Special Investigative Panel constituted by President Bola Tinubu in July to probe and reset the Central Bank of Nigeria (CBN) has extended its dragnet to companies and establishments owned by top shots at the apex bank including its board members. According to the report, some of the companies were used as conduits for anchor borrowers’ loans and foreign exchange rackets; Consequently, cronies of CBN top shots are in panic mode as investigators and security operatives pick them up one after the other for…

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