Month: September 2024

Tinubu Didn’t Promise Labour He Won’t Increase Fuel Price – Presidency

The Presidency has strongly denied allegations from the Nigeria Labour Congress (NLC) that President Bola Tinubu broke a promise to keep fuel prices stable.

The NLC had accused the President of betraying Nigerians by increasing fuel prices despite assurances to the contrary.

Read Also : Nigeria’s Power Generation Reaches Historic High, See Details

Abdulaziz Abdulaziz, a media aide to President Tinubu, dismissed the NLC’s claims as “dirty politics.”

He clarified that during two meetings between President Tinubu and labour leaders, there was no discussion linking a minimum wage increase to a fuel price hike. Abdulaziz emphasized that the President made no such promise.

Pay Attention To: Flashback: APC Once Argued Petrol Should Never Exceed ₦70 Per Litre, As Nigerians Now Pay over ₦950 Amid Scarcity

In response to the NLC’s accusations, Abdulaziz tweeted, “I sat through the two meetings President @officialABAT had with Labour leaders on minimum wage.

At neither of the meetings was an offer made in exchange for a fuel price hike. Ajaero is once again playing his dirty politics with the emotions of Nigerians.”

The NLC, however, insists that the recent increase in fuel prices is a violation of the conditions under which they accepted the new N70,000 national minimum wage.

Tinubu Betrays Us: NLC Reacts to Fuel Price Increase, Makes 7 Demands

They have condemned the government’s actions as a betrayal and have demanded a reversal of the fuel price hike, an end to the crackdown on protesters, and a halt to what they describe as encroachment on the Ministry of Labour and Employment’s duties.

September 4, 2024
Nigeria’s Power Generation Reaches Historic High, See Details

Nigeria’s power generation has reached a record-breaking 5,313 megawatts (MW), marking the highest output level in three years. This significant milestone was announced by Bolaji Tunji, Special Adviser on Strategic Communication and Media Relations to the Minister of Power, Adebayo Adelabu.

Minister Adelabu highlighted the importance of this achievement, urging Electricity Distribution Companies (DisCos) to absorb more energy to prevent grid instability.

Read Also : PIDOM: Court Remands Whistleblower Isaac Bristol Tamunobifiri in Kuje Prison

“When power is produced and not picked by the DisCos, it could lead to grid collapse as frequency drops,” Adelabu warned.

This development comes as the federal government aims to achieve a power generation target of 6,000MW by the end of the year. In May, Nigeria’s power generation already reached 5,000MW, and Adelabu has reaffirmed the government’s commitment to further improvements in the sector.

Pay Attention To: Flashback: APC Once Argued Petrol Should Never Exceed ₦70 Per Litre, As Nigerians Now Pay over ₦950 Amid Scarcity

Adelabu also mentioned ongoing efforts to encourage industries to purchase bulk energy, a strategy aimed at enhancing the stability and robustness of Nigeria’s power sector.

September 4, 2024
PIDOM: Court Remands Whistleblower Isaac Bristol Tamunobifiri in Kuje Prison

Justice Emeka Nwite of the Federal High Court in Abuja has ordered the remand of Isaac Bristol Tamunobifiri, also known as PIDOM, in Kuje Correctional Facility. This decision came after PIDOM was arraigned on nine counts, including money laundering, cybercrime, and disseminating classified documents.

The charges against PIDOM include accessing a computer network to mobilize Nigerians for political actions and transmitting false classified documents about government funds. The prosecution also alleges PIDOM tampered with evidence by destroying his phone and attempting to flush it down a toilet during his arrest.

Read Also : Dollar to Naira Crashes on CBN Official Window, Hits over N1,600/$

PIDOM, who pleaded not guilty to all charges, faced objections to his bail application. Justice Nwite has adjourned the bail ruling to September 23 and ordered PIDOM’s detention in Kuje.

The Inspector General of Police’s accusations against PIDOM involve mobilizing support for political causes through social media and leaking sensitive documents. The police claim that PIDOM’s actions, including the destruction of evidence, were part of a broader conspiracy involving investigative journalist David Hundeyin and one Michael Alade.

Force spokesperson Muyiwa Adejobi stated that PIDOM was arrested following a petition from the Secretary to the Government of the Federation. Adejobi added that PIDOM resisted arrest, destroyed evidence, and unlawfully accessed and leaked classified information. The police continue to investigate and pursue other suspects linked to these alleged crimes.

September 4, 2024
Flashback: APC Once Argued Petrol Should Never Exceed ₦70 Per Litre, As Nigerians Now Pay over ₦950 Amid Scarcity

Nigerians are currently facing a severe fuel crisis, with the price of petrol skyrocketing to an unprecedented ₦855 per liter at Nigeria National Petroleum Company Limited (NNPCL) filling stations, particularly in Lagos. This sharp increase has not only exacerbated the ongoing scarcity of the commodity but has also left citizens grappling with the rising cost of living.

The situation has sparked widespread outrage, with many Nigerians taking to social media to express their frustration and concern over the government’s handling of the situation. Nollywood actress and activist Kate Henshaw recently shared a video on her platform, revealing that her driver was shocked to discover the new price hike while attempting to purchase fuel. She highlighted the sudden increase by over ₦200 per liter as particularly alarming.

Tinubu Betrays Us: NLC Reacts to Fuel Price Increase, Makes 7 Demands

This crisis comes in stark contrast to the stance of the All Progressives Congress (APC) nearly a decade ago. In January 2015, the APC, now the ruling party, vehemently criticized the then-government under President Goodluck Jonathan for setting petrol prices at ₦87 per liter. The APC argued that the price of petrol should not exceed ₦70 per liter, accusing the government of exploiting Nigerians by forcing them to subsidize corruption in the oil sector.

In a statement released by Lai Mohammed in 2015, the APC described the reduction of the petrol price from ₦97 to ₦87 as mere “tokenism,” especially given the significant drop in global crude oil prices at the time. The party contended that even at ₦87 per liter, Nigerians were overpaying for petrol, subsidizing inefficiencies and corruption in the oil industry.

Dollar to Naira Crashes on CBN Official Window, Hits over N1,600/$

Fast forward to 2024, and the reality of petrol prices exceeding ₦800 per liter is causing widespread distress. Many citizens are questioning the government’s handling of the oil sector and its impact on the economy, particularly in light of the APC’s previous stance on fuel pricing.

The APC’s 2015 statement had argued that when crude oil was selling at $100 per barrel, the landing cost of Premium Motor Spirit (PMS) without subsidy was ₦125 per liter. They pointed out that with oil prices crashing to around $44 per barrel, the landing cost without subsidy should be about ₦65 per liter. The party had also criticized the Nigerian government for failing to reduce fuel prices in line with global trends, noting that other countries, such as Zambia and Tanzania, had significantly slashed their petrol prices.

Now, nearly a decade later, the irony is not lost on Nigerians, as they grapple with petrol prices that have surged far beyond what was once considered exorbitant. With fuel selling for over ₦1000 per liter in some states, the ongoing scarcity and escalating prices have become a source of immense hardship, raising serious questions about the effectiveness of the current administration’s policies and its commitment to alleviating the suffering of the populace.

September 3, 2024
Dollar to Naira Crashes on CBN Official Window, Hits over N1,600/$

The dollar to naira exchange rate has crashed on the Central Bank of Nigeria (CBN) official window, plummeting to N1,640 on Tuesday from N1,610.50 traded on Monday.

This significant drop highlights the mounting pressure on the naira, exacerbated by a scarcity of U.S. dollars in the parallel market, also known as the black market.

This latest exchange rate represents a 44% loss year-on-year and reflects a daily loss of N5, as the naira continues its downward spiral from N1,635 quoted on Monday, September 2, 2024, and N918 on the same date last year. Street traders and online platforms tracking rates in the unregulated market confirmed the growing difficulty in accessing dollars.

Read Also : 5 Landmark Agreements Tinubu Signed With President Xi Jinping of China

“There is scarcity of dollars in the market,” one street trader noted, underlining the ongoing challenges in the currency market. Despite the naira’s brief gain on Monday, when it appreciated by 0.81% or N12.79 to close at N1,585.77, the overall trend has been one of consistent depreciation due to the limited supply of dollars.

On Monday, the dollar supply from willing buyers and sellers in the Nigerian Autonomous Foreign Exchange Market (NAFEM) dropped to its lowest level in 18 trading days, declining by 58.81% to $71.18 million from $172.80 million recorded the previous Friday.

Market data also revealed that the naira’s intraday high closed at N1,619 on Monday, up slightly from N1,610.50 on Friday, while the intraday low dropped to N1,500 from N1,511 during the same period.

Last week, the naira depreciated by 1.78% against the U.S. dollar, ending at N1,598.56/$1 at the NAFEM window, according to a report by Coronation Asset Management. This decline brought its year-to-date depreciation to 43.25%, up from 42.23% the previous week. In the parallel market, the naira also weakened by 1.22%, closing the week at N1,640/$1.

Despite total inflows of $403.00 million through the NAFEM window, primarily driven by non-bank corporates and the exporters/importers window, these inflows have been insufficient to meet the rising demand for U.S. dollars, contributing to the continued depreciation of the naira.

Tinubu Betrays Us: NLC Reacts to Fuel Price Increase, Makes 7 Demands

Additionally, the Central Bank of Nigeria (CBN) reported a slight decline in the country’s gross foreign exchange reserves, which fell by 0.32%, or $116.04 million, to $36.32 billion by the end of the week. This marks the fourth consecutive week of decline, attributed to the CBN’s ongoing interventions in the foreign exchange market.

The persistent dollar scarcity and the naira’s depreciation pose significant challenges to Nigeria’s economy, impacting inflation, investment, and overall economic stability.

September 3, 2024
Breaking: Tinubu Reveals 5 Landmark Deals Signed with Chinese President Xi Jinping

Tinubu and Xi Jinping Forge Strategic Ties.

President Bola Tinubu has revealed that his meeting with Chinese President Xi Jinping in Beijing, the Chinese capital, was fruitful and beneficial to Nigerians, adding that it strengthened the bilateral relationship between the two countries.

The president announced a comprehensive development partnership between the two nations in a tweet on Tuesday, September 3.

During an official visit to Beijing, President Bola Tinubu of Nigeria and President Xi Jinping of China signed several significant agreements, marking a new chapter in Nigeria-China relations.

The visit, which also serves as a precursor to the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC), saw both leaders elevate their nations’ ties to a comprehensive strategic partnership.

Five MoUs Tinubu signed with China

A statement from the presidency, shared by Dada Olusegun, Tinubu’s special assistant, on social media, updated the deals by listing the five memorandums of understanding signed between the two countries.

Read Also : Tinubu Betrays Us: NLC Reacts to Fuel Price Increase, Makes 7 Demands

The following are the five key agreements signed between the two presidents:

1. Belt and Road Initiative Cooperation Plan:

Nigeria and China committed to jointly promoting the Belt and Road Initiative, a global development strategy aimed at enhancing regional connectivity and embracing economic growth through infrastructure development.

NNPC Fuel Pump Price Now N890 Per Liter Amid Worsening Petrol Scarcity

2. Peaceful Application of Nuclear Energy:

A Memorandum of Understanding (MoU) was signed to cooperate on the peaceful use of nuclear energy, emphasizing the mutual benefits of nuclear technology for energy, health, and other sectors.

3. Human Resource Development under the Global Development Initiative:

Both nations agreed to strengthen cooperation in human resource development, aligning with China’s Global Development Initiative. This MoU aims to enhance capacity building and development programs.

4. Media Exchange and Cooperation:

An MoU on media exchange and cooperation was signed, fostering greater collaboration between Nigerian and Chinese media organizations to promote cultural understanding and information sharing.

5. China Media Group and Nigerian Television Authority Partnership:

A specific MoU was established between China Media Group and the Nigerian Television Authority (NTA), focusing on media content exchange, technological advancements, and collaborative projects.

President Tinubu expressed his commitment to economic reforms in Nigeria, drawing parallels with China’s reform strategies under President Xi.

He highlighted Nigeria’s potential as Africa’s largest economy and emphasized the importance of strengthening bilateral ties for mutual growth and stability.

President Xi, in his remarks, emphasized the long-standing mutual understanding between the two nations and pledged continued collaboration within the FOCAC framework, positioning Nigeria-China relations as a model of cooperation in the Global South

September 3, 2024
Tinubu Betrays Us: NLC Reacts to Fuel Price Increase, Makes 7 Demands
NLC Reacts To Fuel Price Increase, Makes 7 Demands From Government.

The Nigeria Labour Congress (NLC) has expressed profound disillusionment with the federal government following a recent hike in petrol prices.

This increase, implemented by the Nigerian National Petroleum Company (NNPC), has led the NLC to accuse the government of betrayal, especially given their prior agreement on the new minimum wage.

Read Also : Dangote Speaks On Price Of Petrol As Refinery Begins Fuel Production

In a statement released on Tuesday, NLC President Joe Ajaero emphasized that the increase to ₦855 per litre, announced by the NNPC, comes as a severe blow.

The NLC had accepted the new minimum wage of ₦70,000 under the assurance that fuel prices would remain stable. This agreement was reached despite the wage being perceived as insufficient.

Read Also : NNPC Fuel Pump Price Now N890 Per Liter Amid Worsening Petrol Scarcity

Ajaero criticized the government’s handling of the situation, describing the price hike as traumatic and nightmarish. He condemned the Bola Tinubu administration for what he sees as a pattern of betrayal, citing instances of suppressed protests and increased hardship on Nigerians.

In response, the NLC has laid out seven demands for the government:
1. Immediate reversal of the latest fuel price increase.
2. Release of all individuals detained or prosecuted in connection with recent protests.
3. Cessation of arbitrary arrests and detentions on false charges.
4. Reversal of the 250% increase in electricity tariffs.
5. Cease the encroachment into the Ministry of Labour and Employment’s responsibilities.
6. End policies that exacerbate hunger and insecurity.
7. Stop the government’s pattern of intimidation and deceit.
The NLC’s statement reflects deep frustration with what it views as the government’s failure to honor commitments and its aggressive tactics against dissent. The Congress asserts its resolve to stand firm alongside the public and vows not to be deterred by government actions or security agencies.

In the coming days, the NLC plans to hold meetings to deliberate on further actions and will make those decisions public.
September 3, 2024
NNPC Fuel Pump Price Now N890 Per Liter Amid Worsening Petrol Scarcity

NNPC Fuel Pump price surpass N800 per liter.

The Nigerian National Petroleum Corporation (NNPC) Limited has increased petrol prices at its filling stations in Lagos to as high as N897 per liter amid a deepening fuel scarcity, Nairametrics reports.

On Tuesday morning, several NNPC retail stations in Lagos were observed selling fuel between N865 and N897 per liter, a significant jump from the previous price of N568 per liter.

Read Also : Dangote Speaks On Price Of Petrol As Refinery Begins Fuel Production

This price adjustment comes in the wake of NNPC’s admission that its ability to supply petrol to local marketers has been compromised by a debt of approximately $6 billion owed to international oil traders. The financial strain has severely impacted the corporation’s capacity to maintain a steady fuel supply, leading to widespread fuel shortages across Nigeria.

In recent weeks, long queues have reappeared at petrol stations in major cities like Lagos and Abuja, as citizens struggle to secure fuel. The scarcity has also left major roads in these cities noticeably empty, with motorists unable to obtain the fuel needed to move around.

Pay Attention To : Renewed Hope As Tinubu’s Minister Orders NNPC To Sell Fuel At Over N1,000

Nnpc Fuel Pump Price

NNPC, while acknowledging the reports of its substantial debt, emphasized its commitment to ensuring national energy security as mandated by the Petroleum Industry Act (PIA). The corporation stated that it is working closely with relevant government agencies and stakeholders to stabilize the fuel supply.

As the situation escalates, petrol prices at various locations across the country have soared to between N840 and N1,000 per liter, exacerbating the challenges faced by Nigerians during this fuel crisis.

September 3, 2024
Dangote Speaks On Price Of Petrol As Refinery Begins Fuel Production

Dangote Reveals Petrol Pricing Strategy as Refinery Commences Fuel Production.

Aliko Dangote, the chairman of Dangote Industries and owner of the Dangote Refinery, announced that petrol from his newly operational refinery will reach the market within the next 48 hours.

Breaking: Dangote Refinery Rolls Out Fuel

Speaking at the refinery in Ibeju-Lekki, Lagos State, Dangote stated that the pricing of the fuel would be determined by a plan approved by the Federal Executive Council (FEC) under President Bola Ahmed Tinubu’s leadership.

While he did not specify a price, Dangote mentioned that the availability of petrol at filling stations would depend on the Nigerian National Petroleum Company (NNPC) Limited.

“Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours depending on NNPCL,” he said.

CBN vs Black Market Dollar to Naira Rate – Latest Update September 2024

Dangote further assured Nigerians that the petrol and other products from the 650,000 barrels per day refinery would be of top quality, matching international standards.

He emphasized that this development marks a significant milestone for Nigeria, promising longer-lasting vehicle engines and improved fuel quality.

This announcement comes as Nigeria grapples with soaring fuel prices, which have surged from under ₦200/litre to nearly ₦1,000/litre following the removal of fuel subsidies in May 2023 by the Tinubu administration.

The current scarcity, attributed to a debt owed to importers by NNPC, has left many cities across the country struggling with inflated fuel costs. The commencement of petrol production at the Dangote Refinery is expected to bring much-needed relief to the market.

September 3, 2024
Breaking: Dangote Refinery Rolls Out Fuel

Dangote Refinery Begins Petrol Production Amid Government Efforts to Resolve Regulatory Dispute.

In a landmark development for Nigeria’s energy sector, the Dangote Refinery, a $20 billion project spearheaded by billionaire Aliko Dangote, has officially commenced petrol production. This significant milestone is expected to alleviate the persistent petrol scarcity that has troubled the nation, offering much-needed relief to millions of Nigerians.

Read Also : CBN vs Black Market Dollar to Naira Rate – Latest Update September 2024

During a press briefing on Wednesday, Dangote expressed his appreciation to President Bola Tinubu’s administration for fostering an environment conducive to the refinery’s success. He emphasized the refinery’s potential to bolster Nigeria’s economy and energy security, noting that it will “fuel growth, development, and prosperity by supplying energy to our people.”

Dangote also lauded the government’s “Naira for crude, Naira for product” initiative, which he believes will stabilize the Naira by reducing the demand for foreign currency by 40%.

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Renewed Hope as Tinubu’s Minister Orders NNPC to Sell Fuel at Over N1,000

As the refinery begins operations, the Federal Government is concurrently moving to settle a rift between Dangote and regulatory authorities, further smoothing the path for the refinery’s contributions to the nation’s economic future.

September 3, 2024
CBN vs Black Market Dollar to Naira Rate – Latest Update September 2024
Dollar to Naira Exchange Rate: September 3, 2024 – Black Market and CBN Rates.

As Nigeria continues to navigate economic challenges, the dollar-to-naira exchange rate remains a focal point for those engaged in foreign trade, investments, and travel. The black market, also known as the parallel market or Aboki FX, often reflects rates different from the official Central Bank of Nigeria (CBN) rates. Today, the exchange rates offer insight into the fluctuating value of the naira.

Current Exchange Rates Today.

Dollar to Naira Black Market Exchange Rate (Parallel Market):
- Buying Rate: ₦1,630
- Selling Rate: ₦1,640
Dollar To Naira CBN Official Rates:
- Buying Rate: ₦1,605
- Selling Rate: ₦1,607
Pounds and Euro to Naira Exchange Rates

Pounds to Naira (CBN Rates):
- Buying Rate: ₦2,120
- Selling Rate: ₦2,125
Euro to Naira (Black Market Rates):
- Buying Rate: ₦1,800
- Selling Rate: ₦1,805
Online Exchange Platforms: Geegpay and Grey

Geegpay Rates:
- EUR (€): Buying at ₦1,798.03, Selling at ₦1,800.55
- GBP (£): Buying at ₦2,120, Selling at ₦2,125
- USD ($): Buying at ₦1,600, Selling at ₦1,670
Grey Rates:
- EUR (€): Buying at ₦1,800.03, Selling at ₦1,802
- GBP (£): Buying at ₦1,902, Selling at ₦2,015
- USD ($): Buying at ₦1,600, Selling at ₦1,660
Understanding Dollar to Naira Black Market Exchange Rate.

What is the Black Market?
The black market is an unofficial exchange channel where currencies are traded without government regulation. Due to high demand and limited supply, this market often offers more competitive rates.

Why Do People Use the Black Market?
- Favorable Rates: Higher than official rates.
- Accessibility: Easier to obtain foreign currency without stringent regulatory requirements.
Factors Influencing Black Market Rates

Economic Policies:
Government decisions on interest rates, inflation control, and forex regulations by the CBN directly affect the naira’s value. These policies can stabilize or destabilize the exchange rates.

Supply and Demand:
The availability of foreign currency versus its demand significantly influences exchange rates. A shortage of foreign currency or high demand leads to naira depreciation.

Political Stability:
Geopolitical events and internal political stability affect investor confidence. Political unrest or uncertainty can cause the naira to depreciate, while stability strengthens it.

Global Economic Conditions:
Global market conditions, such as oil prices, international economic trends, and global inflation rates, influence the naira’s value. For instance, a significant drop in oil prices negatively impacts Nigeria’s economy.

Comparing Dollar to Naira Official and Black Market Rates

Why the Disparity?
- Supply and Demand: Limited availability in the official market drives people to the black market.
- Regulatory Restrictions: CBN imposes limits on forex availability, leading to higher black market rates.
- Economic Instability: Fluctuations in oil prices and inflation prompt people to seek more favorable black market rates.
Impact on the Economy:
High black market rates can:
- Inflation: Increase costs for imported goods.
- Investment: Deter foreign investment due to economic instability.
- Trade: Benefit exporters while imposing higher costs on importers.
Using the Parallel Market Safely

Tips for Transactions:
- Verify Rates: Check reliable sources like Aboki FX for the latest rates.
- Reputable Dealers: Engage with trusted Bureau De Change operators to avoid scams.
FAQs on Dollar to Naira Exchange Rate

How much is a dollar to naira today in the black market?
The buying rate is ₦1,630, and the selling rate is ₦1,640 as of September 3, 2024.

Why does the black market offer higher rates than the CBN?
The black market rates are driven by supply and demand dynamics, regulatory restrictions, and economic instability.

Is it legal to trade forex in the black market?
While the CBN discourages it, many engage in the black market due to the unavailability of sufficient forex through official channels.

What are the risks of trading in the black market?
Among these risks are fluctuating rates, possible fraud, and the illegality of such transactions.

Can the CBN influence black market rates?
The CBN can only influence these rates through monetary policy, forex interventions, and regulatory measures; it has no direct control over the black market.

How often do black market rates change?
Rates can change daily or even multiple times per day, depending on market conditions and economic news.

Conclusion on Dollar to Naira Black Market Rate Today

The black market dollar-to-naira exchange rate is shaped by a complex interplay of economic factors, regulatory frameworks, and market dynamics. For many Nigerians, this isn’t just a statistic but a reality that highlights the profound challenges and opportunities within the Nigerian economic landscape. The rates, along with their underlying factors, play a crucial role in making financial decisions

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September 3, 2024
Francisca Owumi: BBNaija season 1 runner-up, is dead

BBNaija Season 1 Runner-Up, Francisca Owumi, Passes Away.

Francisca Owumi, the first runner-up of the inaugural season of Big Brother Naija (BBNaija) in 2006, has tragically passed away. The news of her death was confirmed by her family, who shared the heartbreaking announcement on her Instagram page with the message, “A daughter and sister. May her soul rest in peace, Amen.

Renewed Hope as Tinubu’s Minister Orders NNPC to Sell Fuel at Over N1,000

BBNaija season 1 runner-up, Francisca Owumi, is dead

Reports indicate that Owumi died after a brief illness. She was a memorable contestant in the first season of BBNaija, captivating audiences with her energetic dance moves and charismatic personality. During her time on the show, she shared the house with other notable contestants, including Katung Aduwak, Ebuka Obi-Uchendu, Gideon Okeke, and the late Joseph Ada.

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Following her time on reality TV, Owumi pursued a career in music. In 2012, she released two singles, “Gbadun You” and “Diva,” under her own record label, Cisca Entertainment. Additionally, she was a writer for Revista, an international magazine based in Ghana.

Ejes Gist News understands that Owumi’s death marks a somber moment for the BBNaija community and her fans, who remember her as a vibrant and talented individual.

September 3, 2024
37 Bodies Recovered as Boko Haram Terrorists Kill at Least 87 in Yobe Attack

Yobe State, Nigeria – In a devastating attack by Boko Haram terrorists, at least 87 people were reportedly killed in Yobe State, with 37 bodies already recovered from the village of Mafa in the Tarmuwa Local Government Area.

The remains of the victims have been transported to Babbangida General Hospital, where preparations are underway for a mass burial scheduled for 10 a.m. at the Babangida Emir’s Palace.

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The burial is expected to be attended by Yobe State Deputy Governor, Hon Idi Barde Gubana, and other senior government officials. Community sources revealed that the death toll could be higher, as some victims’ remains are yet to be found, with many reportedly dying in the bush during the attack.

The assault, which took place around 4 p.m., saw insurgents attacking villagers as they returned from their farms. In addition to the killings, the terrorists set homes and businesses ablaze, leaving behind a trail of destruction.

In a similar incident last month, Boko Haram insurgents killed two people and displaced 475 households in the Mafa ward. The recent attack is believed to be a retaliation for the villagers’ alleged cooperation with the military, providing intelligence that led to a successful operation against the insurgents in July.

The Yobe State Police Command and the Special Adviser to the Governor on Security Matters, Brigadier-General Dahiru Abdulsalam (Retired), confirmed the attack. Military forces have been deployed to the area to restore order.

Mafa village, the site of the attack, is located near Shekau village, the birthplace of the late Boko Haram leader, Abubakar Shekau. The situation remains tense as security forces continue to monitor the area.

September 3, 2024
Renewed Hope as Tinubu’s Minister Orders NNPC to Sell Fuel at Over N1,000

Abuja — The Minister of State for Petroleum Resources, Heineken Lokpobiri, has directed the Nigerian National Petroleum Company Limited (NNPCL) to sell Premium Motor Spirit (PMS) above the current landing cost of N1,117 per litre.

This move, he emphasized, is crucial to preventing the rampant smuggling of the product to neighboring countries.

Lokpobiri made this disclosure in Abuja, highlighting the role of complicit security agencies in the ongoing smuggling activities. He asserted that unless NNPCL prices PMS above the landing cost, smugglers will continue to exploit the price differential, moving the product across borders for higher profits.

Read Also : Tinubu’s Govt Formally Charge PIDOM to Court After 28-day Detention

The directive follows a meeting between NNPCL’s Group Chief Executive Officer, Mele Kyari, and the Comptroller General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, regarding the impact of the NCS’s “Operation Whirlwind” in reducing PMS smuggling in Nigeria’s border communities. Kyari noted that PMS evacuation to these regions had decreased from 32 million litres per day to 25 million litres within two months, reflecting the operation’s effectiveness.

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Since the federal government removed the subsidy on petrol in May 2023, the price of PMS in Nigeria has surged from around N197 to about N650 per litre. Despite this increase, the product remains significantly cheaper in Nigeria compared to neighboring countries, where it sells for as much as N2,128.20 per litre in Mali and an average of N1,787.57 across the region.

This disparity has fueled the smuggling of PMS out of Nigeria, with Lokpobiri stressing that pricing the fuel above the landing cost would eliminate the profit margins that drive this illegal trade.

The minister’s directive aims to align NNPCL’s pricing strategy with regional market conditions, thereby discouraging smuggling and ensuring that the product remains available for domestic consumption.

September 3, 2024
Tinubu’s Govt Formally Charge PIDOM to Court After 28-day Detention

The Nigeria Police Force (NPF) has officially charged Isaac Bristol, popularly known as PIDOM, with six counts at the Federal High Court in Abuja, following his 28-day detention without formal charges. PIDOM, a self-proclaimed whistleblower, has been at the center of a heated debate on government transparency and freedom of speech in Nigeria.

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PIDOM’s prolonged detention sparked widespread outrage among human rights organizations, including Amnesty International, which called for his immediate release or formal charging. The NPF’s decision to file charges comes amid growing pressure from both local and international communities.

According to court documents, PIDOM faces charges related to the transmission of classified government documents and the dissemination of false information.

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The documents allege that PIDOM shared sensitive materials claiming that President Bola Tinubu released N24.1 billion to the Chairman of the National Hajj Commission of Nigeria (NAHCON) through Vice President Shettima’s office, an amount that was later increased to N90 billion.

The court documents state: “That you, Bristol Tamunobifiri ‘M’ 41 years of No. 36 Hardy Avenue, Port Harcourt, Rivers State in Nigeria, within this Honourable court, sometime between June and July 2024, within the jurisdiction of this Honourable court, transmitted an alleged classified document of the Federal Government of Nigeria by means of X handle @Pidomnigeria with username #99%opressed wherein you knowingly sent a false message to wit: See the document below wherein Tinubu released the sum of N24, 143, 494, 567. 32 billion Naira to NAHCON Chairman through Shettima’s office.

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Because Nigerians didn’t react enough, they went back and increased it to a whopping Ninety Billion Naira. ‘Saraka’ for the men.

Free money with the intention of causing the breakdown of law and order,’ and you thereby committed an offence contrary to section 24 (b) of the Cybercrimes (Prohibition and Prevention etc) Act 2015 as amended 2024.”

The case has become a flashpoint for discussions on the limits of free speech and the role of whistleblowers in Nigeria, with PIDOM’s supporters arguing that his actions were in the public interest.

Breaking: Police Declare Andrew Wynne Wanted Over Alleged Plot to Overthrow President Tinubu

As the case proceeds, it is likely to draw significant attention both within Nigeria and internationally, potentially influencing future legal interpretations of cybercrimes and whistleblowing in the country.

September 2, 2024
I’m Not Fugitive,” British citizen, Andrew Wynne Wanted By Nigeria Police opens up

British Citizen Declared Wanted by Nigerian Police Denies Allegations of Plotting Against Tinubu’s Government.

A British citizen, Andrew Wynne, who has been declared wanted by the Nigeria Police Force for allegedly conspiring to overthrow the government of President Bola Tinubu, has strongly denied the accusations against him.

In an exclusive interview with Channels Television, Wynne refuted the claims, asserting his innocence and willingness to cooperate with Nigerian authorities.

Earlier on Monday, Force spokesperson Muyiwa Adejobi briefed journalists in Abuja, alleging that Wynne had created a network of sleeper cells with the intent to destabilize the country and overthrow its democratically elected government.

Breaking: Police Declare Andrew Wynne Wanted Over Alleged Plot to Overthrow President Tinubu

Adejobi emphasized that the Nigeria Police Force has launched an extensive investigation into the activities of foreign nationals and subversive elements accused of plotting to destabilize the nation through unconstitutional means and orchestrated violence.

Adejobi also revealed that nine suspects have been arrested in connection with the alleged plot. These individuals are accused of receiving significant financial backing from foreign sources aimed at fomenting unrest in Nigeria.

Responding to these serious allegations, Wynne stated that he was unaware of being declared a fugitive and insisted that he has no involvement in any plot to destabilize Nigeria. He highlighted his longstanding ties to the country, having visited Nigeria for 25 years and operated a bookshop within the Nigeria Labour Congress (NLC) offices in Abuja for the past seven years. Wynne noted that, during this time, the security forces had shown no interest in him.

“I only hold one nationality, and the name on my passport is Andrew Wynne, though I have a nickname. I am more than willing to speak with the police, whether via WhatsApp, Zoom, or even in person at the Nigerian High Commission in London. If they wish to initiate a dialogue, I am fully prepared to engage,” Wynne said.

Andrew Wayne’s wife Denies Allegation.

In a separate interview, Wynne’s Nigerian wife also vehemently denied the allegations against her husband. She argued that the accusations were baseless and motivated by a personal vendetta rather than any political conspiracy. According to her, the real issue stems from a financial dispute involving a Nigerian man who allegedly owes her husband money and is attempting to avoid repayment by falsely accusing Wynne.

“We’ve been together for nine years, with eight years of friendship before we finally married last year. My husband is being falsely accused; he has never been involved in any terrorist activity. The real issue is that a man named Mr. Olumide owes my husband and doesn’t want to pay him,” she stated.

She further explained that the matter is currently in court and that her husband is in the UK due to his visa expiring, which required him to return. She added that if not for these visa issues, her husband would have returned to Nigeria by the end of September.

As the investigation continues, the case has attracted significant attention, with Wynne and his supporters adamant about his innocence, urging for a fair and transparent process in resolving the matter.

September 2, 2024
Tinubu Appoints 13 New Board Members to Bank of Industry
President Bola Ahmed Tinubu has approved the appointment of several qualified Nigerians to the board of the Bank of Industry (BoI) Limited.

The announcement was made in a statement on Monday, signed by Ajuri Ngelale, the President’s Special Adviser on Media and Publicity.

Read Also: Breaking: Hajiya Dada, Mother of Late President Yar’adua is dead

The new board will be chaired by Dr. Mansur Muhtar, whose extensive career includes roles in finance, international development, and public service.

Dr. Muhtar previously served as Minister of Finance, Budget, and Economic Development from 2008 to 2010 and was Vice-President, Operations of the Islamic Development Bank before his latest appointment.

Pay Attention To: Breaking: Police Declare Andrew Wynne Wanted Over Alleged Plot to Overthrow President Tinubu

President Tinubu expects the newly appointed board members to work collaboratively and diligently in fulfilling the Bank of Industry’s mandate, focusing on job creation, poverty alleviation, and improving the socio-economic conditions of Nigerian families.

Full List of Appointments:
1. Dr. Mansur Muhtar, OFR — Chairman
2. Dr. Olasupo Olusi — Managing Director/Chief Executive Officer
3. Mrs. Ifeoma Uz’Okpala — Executive Director, Large Enterprises
4. Mr. Shekarau Omar — Executive Director, Micro, Small & Medium Enterprises
5. Mr. Usen Effiong — Executive Director, Corporate Services
6. Ms. Mabel Ndagi — Executive Director, Public Sector & Intervention Programmes
7. Mr. Rotimi Akinde — Executive Director, Corporate Finance & Risk Management
8. Mallam Tajudeen Datti Ahmed — Non-Executive Director, representing the Ministry of Finance Incorporated
9. Mr. Adedamola Olufemi Young — Non-Executive Director, representing Central Bank of Nigeria
10. Reverend Isaac Adefemi Agoye — Non-Executive Director, representing Manufacturers Association of Nigeria
11. Mallam Muhammad Bala — Non-Executive Director, representing Federal Ministry of Industry, Trade & Investment
12. Mr. Oreoluwa Adeyemi — Independent Non-Executive Director
13. Mr. Sulaiman Musa Kadira — Independent Non-Executive Director
The new board is expected to drive the BoI’s efforts in supporting projects that align with the nation’s development goal
September 2, 2024
Breaking: Hajiya Dada, Mother of Late President Yar’adua is dead

Mother of Late President Yar’adua Passes Away.

Hajiya Dada, the mother of Nigeria’s late President Umaru Musa Yar’adua, has died.

According to reports, she passed away in Katsina State. Her death marks the end of an era for the Yar’adua family, which has played a significant role in Nigeria’s political history.

Breaking: Police Declare Andrew Wynne Wanted Over Alleged Plot to Overthrow President Tinubu

Hajiya Dada was known for her quiet influence and unwavering support for her son during his presidency from 2007 until his untimely death in 2010.

Dollar to Naira Exchange Rate Today, September 2, 2024: Black Market, CBN official rates

Further details about her passing and funeral arrangements are expected to be announced by the family.

September 2, 2024
Breaking: Police Declare Andrew Wynne Wanted Over Alleged Plot to Overthrow President Tinubu

The Nigeria Police Force has declared Andrew Wynne, a British national also known as Andrew Povich or Drew Povey, wanted for allegedly conspiring to overthrow the government led by President Bola Ahmed Tinubu. The announcement was made on Monday, sparking significant concerns over national security.

According to the police, Wynne is believed to be at the center of a plot involving foreign mercenaries and subversive elements aiming to destabilize Nigeria’s democratically-elected government. The force has launched a thorough investigation to uncover the full extent of the conspiracy.

Notorious Bandit Bello Turji Seizes Nigerian Army Armoured Vehicles Worth N1.59bn (Viral Video)

Speaking at the Force Headquarters in Abuja, police spokesperson ASP Olumuyiwa Adejobi revealed that Wynne had rented a space at Labour House in Abuja under the guise of establishing the ‘Iva Valley Bookshop’ and had also set up ‘STARS of Nations Schools’ as a cover for his alleged subversive activities.

“The Nigeria Police Force has launched a comprehensive investigation into the activities of a foreign national and subversive elements plotting to undermine the democratically elected government in Nigeria through unconstitutional regime change and orchestrating violence across the country,” Adejobi stated.

He further disclosed that nine suspects have been arrested in connection with the plot, all of whom allegedly received substantial financial backing from foreign sources to carry out their activities.

The investigation has so far revealed that these individuals were involved in organizing and funding violent protests, spreading false information, and engaging in other unlawful acts aimed at creating chaos and justifying an illegal attempt to overthrow the government.

Read Also : BREAKING: Atiku, Peter Obi, Kwankwaso Resume Merger Talks Ahead of 2027 Presidency

This revelation follows the recent arrest of several Polish nationals by the Department of State Services (DSS) during a protest in Kano.

The Polish government insisted that their citizens were in Nigeria as part of an exchange program at Bayero University and were not involved in the protests. Despite these claims, the individuals were detained for several weeks before being released.

In a related development, the police have also summoned Comrade Joe Ajaero, President of the Nigeria Labour Congress (NLC), regarding Wynne’s activities at Labour House in Abuja. Although Ajaero initially responded to a police invitation last week, a new summons has since been issued for further questioning.

Read Also : Breaking: PDP Summons Wike Over Anti-party Activities

The police have intensified their efforts to track down Wynne and dismantle the alleged plot, as the situation continues to unfold. President Tinubu has yet to publicly comment on the matter, but the government’s response to these developments will be closely watched in the coming days.

September 2, 2024
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September 2, 2024