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We empathise with every Nigerian facing economic hardship, says Akpabio

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In a speech welcoming the lawmakers in the red chamber back from an eight-week recess on Tuesday, Akpabio said it is their duty to respond with “urgency and compassion”. Despite inflation easing in two consecutive quarters according to the National Bureau of Statistics (NBS), Nigerians have continued to endure economic hardship. “In the face of rising economic pressures, our fellow citizens have been grappling with the harsh realities of inflation, soaring living costs, and an unpredictable market,” he said. “These challenges have tested the very fabric of our society, and I stand here today to express our deepest empathy for every Nigerian who bears the burden of these trying times. “Your struggles are not lost on us; it is our sacred duty, as your earnest representatives, to respond with urgency and compassion.” Akpabio said despite the issues confronting the country, the administration of President Bola Tinubu has made progress in some sectors of the economy. “Yet, amidst the...
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Why Nigeria should end petrol subsidy — Dangote

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THE President of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end the petrol subsidy. He said the subsidy removal would help determine the actual petrol consumption in the country, adding that refining from his $20 billion refinery in Lagos would ease pressure on the Naira. In an interview with Bloomberg Television in New York, he said: “Subsidy is a susceptible issue. Once you subsidise, people will bloat the price and the government will end up paying what it is not supposed to pay. It is the right time to get rid of subsidy.” On his refinery, he said: “This refinery will resolve a lot of issues. It will show Nigeria’s accurate petrol consumption. Now, nobody can tell you. Some people say we consume 60 million litres of gasoline per day. “Some say, it’s less. But right now, if you look at it by us producing, everything can be counted. So everything can be accounted for, particularly for most of the trucks or ships that will come to load from us. W...
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Petrol price will crash if we lift directly from Dangote refinery —Oil marketers

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Oil marketers have assured Nigerians that the prices of Premium Motor Spirit (PMS) popularly known as petrol will crash if they are allowed to lift petrol directly from the Dangote Refinery and Petrochemical Plant. Ripples Nigeria reports that controversies were stoked recently when the Nigerian National Petroleum Company Ltd (NNPCL) emerged as the sole off taker of the product from the 650k barrel per day refinery despite initial denial. During a press briefing where the NNPC-Dangote refinery petrol supply deal was announced, Wale Edun, the minister of finance and coordinating minister of the economy disclosed that the Dangote Refinery will only sell to NNPC Ltd. “From October 1, NNPC Ltd. will commence the supply of about 385,000 bpd of crude oil to the Dangote refinery, to be paid for in naira,” he said. “PMS will only be sold to NNPC, NNPC will then sell to various marketers for now,” he said. Reacting to this, the spokesperson for the Independent Petroleum Marketers Associat...
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How long will Yahaya Bello continue with this lawless act?

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The ex-Governor of Kogi State, Yahaya Bello, who handed over to the current governor of the state, Usman Ododo in January this year after his two terms of four-years-tenure, has consistently been in the news in the past eight months. It has been from one drama to the other bordering on his stewardship and how he handled the affairs of the state under his tenure. Bello, who was alleged to have defrauded the state to the tune of N84 billion during his tenure, have done everything in and out of the books to avoid his trial spearheaded by the Economic and Financial Crimes Commission (EFCC). On Thursday, March 14, 2024, the EFCC had dragged the former governor before Justice James Omotosho of the Federal High Court, Maitama, Abuja for alleged N84 billion money laundering offences, alongside his nephew Ali Bello, Dauda Sulaiman and Abdulsalam Hudu. The Anti-graft agency was prosecuting the quartet on an amended 17-count charge of money laundering, breach of trust and misappropriation of...
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Court Dismisses Suit Seeking To Remove Ganduje As APC National Chairman

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September 23, (THEWILL) – The Federal High Court, Abuja, has dismissed a suit seeking the removal of Abdullahi Ganduje, as the National Chairman of the All Progressives Congress (APC). The Northern Central APC Group had dragged Ganduje, APC and the Independent National Electoral Commission (INEC) to court praying for nullification of the appointment of Ganduje by APC on the ground of gross violations of the party’s Constitution. Led by Saleh Zazzaga, the Group had filed the suit to query the propriety of Ganduje’s appointment as the National Chairman of the APC when he is not from the North Central geo-political zone, whose turn it was to fill the position. NCDMB Solar Trainning Advert 6pm - Contending that the appointment of Ganduje breached Article 13 of the APC Constitution, the plaintiff argued that the National Executive Committee (NEC) of the APC breached the party’s Constitution when it appointed Ganduje, from Kano State in the North West geo-political zone to replace Abdull...
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APP Insists Amaewhule, Others Remain Sacked, Vows To Appeal Judgement

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The Action People’s Party (APP) in Rivers State says it will appeal the decision of a Federal High Court which dismissed its suit seeking the replacement of the pro-Nyesom Wke lawmakers in the State. Speaking at a press briefing in Port Harcourt on Friday, the State Legal Adviser of the party, Henry Ekine, maintained that the court’s decision does not alter the party’s stance on the composition of the state legislature. “What is fundamental is the judgement of Peter Lifu today of the Federal High Court is not final and then has not changed substantially the position of the Rivers State House of Assembly with respect to the leadership of the Assembly as far as the APP,” he said. “I think we’re going to review that and then we will get that proper review, we will be taking the appropriate step that I think we would agree to take,” he noted. Ekine encouraged APP members to be optimistic, noting that while the case was dismissed, the court acknowledged the party’s legal standing to in...
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FG signs MoU with Russian firms to revive Ajaokuta Steel Plant, National Iron Ore Mining Company

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The Federal Government of Nigeria, through the Ministry of Steel Development, has signed a Memorandum of Understanding (MoU) with a Russian consortium for the rehabilitation, completion, and operation of the Ajaokuta Steel Company Limited and the National Iron Ore Mining Company (NIOMCO). The agreement, which was formalized during a visit led by the Minister of Steel Development, Prince Shuaibu Abubakar Audu, to Moscow, marks a major milestone in Nigeria’s efforts to revamp its steel sector. The consortium, including Messrs Tyazhpromexport (TPE), Novostal M, and Proforce Manufacturing Limited, will spearhead the project aimed at revitalizing the steel industry in Kogi State. Firms inspected Nigerian facilities in August 2024 The MoU signing comes after the Russian-led consortium inspected the steel and iron ore mining facilities in Ajaokuta and Itakpe in August 2024. Prince Shuaibu emphasized that the project is in line with President Bola Tinubu’s mandate to industrialize Nigeri...
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