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The Nigerian National Petroleum Corporation Limited, NNPC, has given an update on the fuel pump price amid rising crude oil prices. NNPCL spoke as Brent Crude surged to $96.17 on Thursday. The surge had continued for weeks, creating fears of a possible hike in the petrol pump price. However, in a chat with DAILY POST on Thursday, the Acting Chief …

The Independent National Electoral Commission (INEC) has included the All Progressives Congress (APC) governorship flag bearer, Timipre Sylva, in the list of candidates for Saturday’s election in Bayelsa State. This followed last week’s ruling of the Court of Appeal, Abuja, which cleared the former governor for the election. INEC on October 23 omitted the former minister of state for petroleum …

The naira exchanged at N775.34 to a dollar at the Investors and Exporters window on Tuesday. The Nigerian currency lost by 0.42 percent compared to the N772.12 it traded for the dollar on Monday. The open indicative rate closed at N769.66 to the dollar on Tuesday. READ ALSO: There’s no provision for floating the naira, it’s illegal, Falana slams CBN …

The Akwa Ibom governorship election petitions tribunal sitting in Uyo on Thursday dismissed the petition filed by the All Progressives Congress (APC) candidate, Akanimo Udofia, against the outcome of the March 18 election in the state. The Independent National Electoral Commission (INEC) declared Umo Eno of the Peoples Democratic Party (PDP) as the winner of the election ahead of Udofia …

The Danko Development Forum, Thursday, appealed to the Kogi state governor,  Yahaya Bello to assist the indigenes of Lokoja by  pronouncing  the new Maigari of Lokoja, which has remained vacant in the last one year. Addressing a press conference in Lokoja, the chairman of the forum, Bama Mundi, said the appeal became necessary in order to secure the replacement for …

Police operatives in Lagos have arrested a music promoter, Balogun Olamilekan Eletu aka Sam Larry, in connection with the death of singer Ilerioluwa Aloba popularly known as Mohbad. Sam Larry and singer Azeez Adeshina Fashola aka Naira Marley are persons of interest in the death of the 27-year-old artiste. Mohbad died on September 12 and was buried the following day …

Here are the top 10 stories making headlines across the country. 1. ‘No court delivers judgment based on lies,’ Presidency reacts to Obi’s attack on judiciary over Tinubu’s election The Presidency on Monday berated the Labour Party presidential candidate, Peter Obi, for criticising the judiciary after his failure at the Supreme Court.Read more 2. After long silence, Peter Obi finally …

A faction of the New Nigeria People’s Party (NNPP) loyal to the former Kano State governor, Rabiu Kwankwaso, expelled the party’s acting national chairman, Major Agbo, and some other officials. This came a few hours after the NNPP Board of Trustees (BoT) suspended Kwankwaso for six months over alleged anti-party activities. The BoT also appointed the duo of Agbo and …

Flour Mills of Nigeria (FMN) recorded loss after tax in the period ended June 2023 and also lost millions to penalty during the same period, the firm’s financial statement showed. In its Q1 2023 financial statements released on Wednesday, Flour Mills of Nigeria reported N9.33 billion loss, failing to improve on the N5.49 billion profit after tax recorded in the …

Sub-Saharan African countries have been advised by the International Monetary Fund (IMF) to tackle their fiscal deficits by focusing on eliminating tax exemptions and bolstering domestic revenue rather than resorting to fiscal expenditure cuts, which could hamper economic growth. The IMF conveyed this recommendation in a paper titled ‘How to avoid a debt crisis in Sub-Saharan Africa.’ The IMF’s paper …