Author: Kwara Reporters

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, yesterday explained why oil marketers refrain from importation of Premium Motor Spirit (PMS).Kyari said oil marketers could not cope with price oscillation in the downstream sector.He spoke during an interactive session with the Senate Committee on Finance at the National Assembly.Kyari said: “The oil companies withdrew because they can’t manage the oscillation and responsibility that the Petroleum Industry Act imposed on us. We have the market and I can assure you that we are managing this.“Some marketers buy from us and sell. But there is…

The Rivers State Attorney General and Commissioner for Justice, Prof. Zacheaus Adangor, has resigned.His resignation was communicated in a letter dated November 14, 2023, and addressed to Governor Sim Fubara.He noted that his exit from office was based on personal principles.“I hereby give Your Excellency Notice of my resignation as the Honourable Attorney-General and Commissioner for Justice, Rivers State with effect from the date of this letter“For the avoidance of doubt, my resignation from the said office is based on personal principles“I wish to thank Your Excellency for the opportunity and privilege granted me to serve in your administration as…

Nigeria and other developing countries spent a record $443.5 billion to service their external public and publicly-guaranteed debt in 2022.This is according to the World Bank in its latest International Debt Report.In April, the World Bank had revealed that the country used 96.3 per cent of revenue generated in 2022 to service debt, saying that the constant fiscal deficit has aggravated the nation’s public debt stock.According to the new International Debt Report, which showed that poorest countries face the risk of debt crises as borrowing costs surge, the increase in costs shifted scarce resources away from critical needs such as…

The Ekiti State Police Command has vowed to arrest the perpetrators of a bank robbery in the Ikere-Ekiti area of the state.Robbers had attacked two new-generation banks in Ikere-Ekiti on Wednesday evening, carting away an undisclosed amount of money with three persons feared killed.In a statement after the incidents, the police spokesman in the state, Abutu Sunday, said the Commissioner of Police, CP Ogundare Dare, visited the scene of the robbery incidents at Ikere-Ekiti for an on-the-spot assessment.“The Commissioner, who expressed his displeasure over the ugly incident, directed the Ikere Area Commander and all the Tactical Teams within the Command…

The World Bank has said the federal government may still be paying for petrol subsidy as fuel prices in Nigeria are currently not cost-reflective.It said Nigerians should pay about N750 per litre as against the current price of N650 in some places.Our correspondent reports that petrol is already selling at around N690 in Kano and Sokoto, and over N700 per litre in far northeastern states of Yobe and Borno.With current prices, many Nigerians have parked their vehicles even as costs of basic necessities of life have skyrocketed and value of income of citizens eroded by inflation.Many observers have already condemned…

Federal Universities, Polytechnics and Colleges of Education have been taken off from the Integrated Personnel Payment System (IPPIS).The approval for the exemption was given by the Federal Executive Council at its meeting on Wednesday at the Presidential Villa Abuja.The Minister of Education, Prof. Tahir Mamman disclosed this while briefing State House Correspondents alongside other ministers on the outcome of the FEC meeting, and said this takes immediate effect.According to him, FEC also observed that Vice Chancellors of Universities didn’t need to abandon their work to come to Abuja to process the salaries of their personnel.The Federal Government introduced the IPPIS…

Some suspected gunmen said to be dressed in military uniform allegedly kidnapped seven persons along the Fidiwo area of the Lagos-Ibadan Expressway on Monday just as one person was shot dead while escaping the attack.A source who spoke on the condition of anonymity told PUNCH Metro that the vehicle conveying the victims was accosted by the gun-wielding armed men who fired sporadically and abducted seven passengers of the vehicle, and escaped with the kidnapped victims into the bush along the expressway.Our correspondent gathered further that a female passenger in another vehicle who saw the attack and attempted to flee was…

Depict image No fewer than 14 shops were reportedly destroyed by fire in two incidents which occurred in the Tanke area of Ilorin in Ilorin South Local Government Area of Kwara State between Tuesday evening and the early hours of Wednesday.At about 6pm on Tuesday, seven shopsat Zion Overcomer, opposite Duro Suleiman House University Road ,Tanke area were reportedly burnt while the second incident also occurred at Tanke Oke-Odo area on University Road, at about 1.30am on Wednesday where another seven shops were destroyed by fire.The Kwara State Fire Service which confirmed the incidents said that its men attended to the…

The Rivers State Government had defended its decision to demolish and rebuild the Rivers State House of Assembly Complex, saying it is due to the structural defects which arose mainly from the recent explosion.He said the fire incident rendered the main building unfit for human use.A statement issued by the Rivers State Commissioner for Information, Mr Joseph Johnson on Wednesday, said after the visit of the governor to inspect the level of damage done to the building on the day of the fire incident, it became necessary to invite professionals to advise the government on the integrity of the building.Dynamites…

A mother and her nine-day-old baby on Wednesday lost their lives in a collapsed building in Ondo State.Daily Trust gathered that the incident happened on Ayedun Street in Akure, the state capital, in the early hours of the day when the deceased and her baby were sleeping inside the one-storey building.Aside from the deceased and her infant, the elder brother and grandmother of the deceased were also injured in the incident.A neighbour, who witnessed the incident, revealed that an overhead water tank newly erected inside compound crashed on the building before it collapsed and wrecked the havoc.He added that the…