Author: bibncollar

Crude oil prices fell more than 4 percent on Tuesday after a report that Israel was willing to spare Iranian oil targets, easing concerns over supply disruption. Brent crude oil price fell 4.65 percent to $73.83 a barrel at 5.18 WAT, while West Texas Intermediate (WTI) lost 4.86 percent, dropping to $70.20 a barrel. Both prices had dropped about 2 per cent on Monday. Amid the escalating conflict in the Middle East, Reuters reported that Benjamin Netanyahu, Israel’s prime minister, told the US his country is willing to strike military targets rather than oil or nuclear facilities in Iran. The…

Governor Biodun Oyebanji of Ekiti State, Tuesday described intelligence failure as one of the major factors responsible for the security crisis in Nigeria. Oyebanji stated this at the Nigeria Police Force Stakeholders’ forum on the security of schools in Ekiti State and the launching of the Schools Protection Squad, SPS. Speaking at the event themed ‘Strengthening security resilience and integration of host communities in the protection of education’, he explained that responding to attacks is not the only method to address security issues, stressing that threats should be envisaged from the onset for the security agencies to be on top…

The Federal Ministry of Aviation has directed foreign airlines to patronise local caterers for on-board meals on all outbound flights from Nigeria. This decision, which is expected to take effect from January 1, 2025, was conveyed by H.T. Ejibunu, Director Overseeing Office of the Permanent Secretary in a letter to the Acting Director General, Nigerian Civil Aviation Authority, Nnamdi Azikiwe International Airport in Abuja on Tuesday. In the directive, it was stated, “I am directed by the Honourable Minister of Aviation to convey to you his decision to mandate all out-bound flights from Nigeria, especially foreign airlines to patronize local…

President Bola Ahmed Tinubu has vowed to protect Nigerian Women against all forms of discriminations, including violence and ensure that they have access to justice through gender sensitive policies. Speaking at the Empower-Her – Nigeria for Women Farming, Health, Empowerment, Justice, Entertainment and Fundraising Programme organized by the Federal Ministry of women Affairs at the Presidential Villa, on Tuesday, the President said he is committed to advancing the cause of women empowerment and gender equality. “We recognise the challenges women face with limited access to education and healthcare, gender based violence and economic disparity. This is imperative for us as…

The Commissioner of Police, Imo State, Aboki Danjuma, has met with stakeholders in the State today the 15th day of October 2024, to discuss the increasing cases of extortion, intimidation and harassment of Imo residents by some police officers in the State. This is following the proposed 3-Day Protest organized by the National Youth Alliance (NYA) Imo State Chapter, and other relevant youth bodies and civil society organizations in the State. This is contained in a Statement signed by the State Chairman of NYA, Comrade Chinonso Uba (Nonsonkwa), today.  “The National Youth Alliance (NYA) Imo State chapter attended the meeting…

Anambra State Governor, Professor Chukwuma Soludo, has declared that absolute autonomy for local government areas in Nigeria is an impossibility, arguing that it would lead to chaos. His remarks came after he signed into law the recently passed Local Government Administration Law in Awka. Governor Soludo contended that the challenges facing local government autonomy could undermine the system and spell disaster for its intended beneficiaries. Critics, particularly from the opposition, have claimed that the new law is an attempt by Governor Soludo to control the finances of the 21 local government areas in the state, despite the autonomy granted to…

The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has reassured Nigerians that the proposed tax reform laws will not introduce new taxes or increase existing ones. During an interactive session in Abuja with Senator Sani Musa, APC Niger East, who leads the Senate Committee on Finance, Adedeji addressed concerns regarding the tax reforms, stating, “The tax reform will not introduce any new taxes or increase the percentages of existing ones; instead, it aims to reduce the number of taxes paid by Nigerians.” He emphasized that the existing tax policies introduced by President Bola Tinubu are…

Italian Serie A heavyweight, AC Milan are considering the sale of Samuel Chukwueze in the 2025 summer transfer window. According to reports, AC Milan could welcome loan and outright sale offers for Chukwueze in January. The 25-year-old joined Paulo Fonseca’s side for a fee in the region of €30 million from Spanish side, Villarreal last summer on a five-year deal. Upon joining the Rossoneri, the winger has made 41 appearances across all competitions, and scored three goals. However, his only league goal thus far for AC Milan came last season when he found the back of the net once in…

The Lagos State High Court has ordered social media critic, Martin Otse, popularly known as VeryDarkMan, to remove defamatory comments and videos about renowned lawyer Femi Falana (SAN) and his son, Folarin Falana, popularly known as Falz. Additionally, the court has imposed a N500 million fine for libel. Justice M. O. Idowu delivered the judgment on Tuesday in suit no: ID/8584/GCM/2024. The case centered around defamatory remarks and videos posted by VeryDarkMan on September 24, 2024, linking the Falana family to controversial internet personality Bobrisky. The court found the statements to be defamatory and damaging to the public image…

The World Bank has announced a 500-million-dollar grant to support Nigeria’s recovery efforts from the impacts of the COVID-19 pandemic. The fund will be utilised through the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) programme. The News Agency of Nigeria (NAN) reports that the programme was launched in 2021 to aid poor and vulnerable households and micro-small enterprises affected by the pandemic. Dr Lire Ersado, the World Bank Task Team Leader for NG-CARES, revealed these at the end of a two-day Peer Learning and Experience Sharing meeting in Port Harcourt on Tuesday. The meeting was organised by…