The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that the rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail outlets nationwide are false. Chief Corporate Communications Officer, NNPC Ltd., Mr Olufemi Soneye, said in a statement on Wednesday that the reports were false. There were reports in some sections of the media on Monday that the ex-depot price for PMS had reduced from N640 to N630 for the independent oil marketers, while NNPC Ltd. maintained its N570 price. ALSO READ: DRC is 2nd world’s biggest producer of copper The…
Author: Editor
The domestic stock market, on Wednesday, rebounded from previous loss with a gain of 0.32 percent, due to increased buying interest in shares of Tier-one banks. Strong demand for stocks like Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank of Africa (UBA), Access Corporation, Computer Warehouse Group (CWG), and Juli Plc, among others, propelled the market into positive territory. The market capitalisation, which began the day at N58.775 trillion, rose by N188 billion or 0.32 percent to close at N58.963 trillion. Similarly, the All-Share index climbed by 0.32 percent or 331.2 points to close at 104,283.64, compared to 103,952.47…
The apex Igbo socio-cultural group, Ohanaeze Ndigbo Worldwide, has reiterated its call for restructuring of the country and the creation of additional states in the Southeast. The President-General of Ohanaeze Ndigbo Worldwide, Chief Emmanuel Iwuanyanwu made the call during Ohanaeze Ndigbo Retreat with the theme “Ako Bu Ije” (Development with Wisdom) on Wednesday in Enugu. Iwuanyanwu, who said Ohanaeze was not happy with the 1999 Constitution as amended, called for restructuring of Nigeria where power would devolve from the Federal Government to the State Government. This, he said, would help the state have a reasonable autonomy to develop at their…
The Nigerian Bottling Company (NBC) Ltd. has reaffirmed its unwavering commitment to promoting and accelerating sustainable clean water preservation and stewardship across its plants. The company said this in a statement on Wednesday in Lagos, to commemorate the 2024 World Water Day celebrated yearly on March 22.The National Environment Manager of the Nigerian Bottling Company, Mr Temitope Ogunrinde said the 2024 theme: “Water for Peace” aligned with the company’s mission 2025 aimed at achieving sustainable development in host communities.Ogunrinde noted the importance of water conservation in fostering global stability and its pivotal role in fostering peace, prosperity, and conflict prevention.He…
The Federal Government has declared Friday, March 29, and Monday, April 1, as public holidays to mark the Easter celebration. This is contained in a statement signed by the Permanent Secretary, Ministry of Interior, Dr Aishetu Ndayako on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo, on Wednesday in Abuja. According to her, the Minister of Interior, Dr Olubunmi Tunji-Ojo, made the declaration on behalf of the Federal Government. Tunji-Ojo urged Christians and all Nigerians to emulate the sacrifice and love displayed by Jesus Christ in dying for the redemption of man. The minister noted that Easter, beyond religious…
The UN Children’s Fund (UNICEF) on Wednesday pledged continued support to improve financing and sustainability for Nigeria’s Water, Sanitation, and Hygiene (WASH) sector.
A gynaecologist with the University of Nigeria Teaching Hospital (UNTH), Enugu, Dr Emeka Iloghalu, has said that six months of exclusive breastfeeding helps in the brain development of children.
University College Hospital (UCH), Ibadan, says it did not owe the Ibadan Electricity Distribution Company (IBEDC) an N495 million bill, as being insinuated.
The National Agency for Food, Drugs Administration and Control (NAFDAC) has seized banned pharmaceutical products, worth millions of naira, in the commercial city of Onitsha, Anambra, during a raid.
The Kogi Government has mapped out 1, 200 hectares of land for immediate intervention in cassava production.