NNPCL differs as marketers fear fuel queues spread
The queues were also noticeable at filling stations along Ikorodu Road in Lagos. Our correspondent observed that many of the filling stations along the Ikeja axis, through Obafemi Awolowo Road in Ikeja, were shut. It was also reported that all the filling stations along Ogunnusi Road, inbound Berger, did not sell petrol to customers. It was gathered that filling stations owned by the NNPCL along the Lagos-Ibadan Expressway did not dispense fuel as of Monday evening. However, it was observed that the queues still persisted in filling stations as of the time of filing this report on Tuesday evening.
Source:Punch
February 07, 2024 19:04 UTC
Corruption index: Nigeria’s rating still appalling
In TI’s newly-released 2023 Corruption Perception Index, Nigeria listed 145 among 180 countries and scored 25 out of 100 points. The Bola Tinubu government must rescue the country from sinking deeper into the noxious corruption mire. In 2015, Tinubu’s predecessor, Muhammadu Buhari, recalled that $150 billion of Nigeria’s oil wealth was looted in the 10 years to 2015. In a 2023 report, an NGO, Open Society Foundations, linked widespread corruption to Nigeria’s democratic shortcomings. A report by global consultancy, PwC, ominously stated that corruption could gulp 37 per cent of Nigeria’s GDP by 2030.
Source:Punch
February 07, 2024 11:05 UTC
Best One Punch Man World beginner's guide
One Punch Man World, developed by Perfect World, features RPG gameplay mechanics and an action-based combat system. This article lists a few things all One Punch Man World beginners must know to start strong in Perfect World’s new title. Things beginners must know to start strong in One Punch Man World1) Play the story firstOne Punch Man World players must focus on clearing story content first. That concludes our beginner's guide for One Punch Man World. Interested players can also check out our One Punch Man World tier list.
Source:Punch
February 07, 2024 11:00 UTC
UNICAL suspended dean demanded virginity for admission
She said at a point, the suspended dean began pressuring her for a nude video. He told me he would give me admission that I should not worry I should send the video. ”TKJ also told the court that after the sexual harassment protests on campus, the suspended dean requested more nude pictures. She said she joined him in the car and was having a discussion when the suspended dean tried to put his hand inside her trousers. TKJ recalled that her path crossed with the suspended dean during her first year in the diploma programme.
Source:Punch
February 07, 2024 07:39 UTC
How to start vegetable business at home with N20,000
Vegetable farming is a very lucrative business you can venture into even though it has its challenges but notwithstanding it is promising. What vegetable farming requires from you is dedication and the utmost willingness to learn fast for it to flourish. Before you start the vegetable business, you must know your target customers. You will need up to N20,000 to start your vegetable business. As vegetable farming is concerned, it is one of the easiest in agriculture; just make sure you have the zeal for it.
Source:Nigerian Tribune
February 07, 2024 07:18 UTC
World Bank report says global food prices remain high
The World Bank’s latest Food Security Update report released on Tuesday says inflation in food prices remains high globally across low, middle, and high-income countries. The report highlighted that in 63.2 percent of low-income countries, inflation exceeded 5 percent indicating a 1.3 percentage points increase from the previous food update of January 17, 2023. However, the Bank said in high-income countries food inflation surpassed 5 percent in 44.4 percent of nations, marking a decrease of 1.9 percentage points from the previous food update. According to the report, in 71 percent of the 165 countries with available data, food price inflation outpaced overall inflation in real terms. The World Bank’s Food Security Update stated that the International Food Policy Research Institute (IFPRI) reports that recent assaults by Houthi rebels on vessels in the Red Sea have led to a 40 percent reduction in trade volumes through the Suez Canal, thereby reducing global food security.
Source:Nigerian Tribune
February 07, 2024 06:42 UTC
Police arrest cops for extorting N29m from Abuja businessman
The Nigeria Police Force has confirmed the arrest of its officers who abducted a businessman in Abuja and extorted N29.9m from him in January. Hakuna matata.”The businessman was reportedly abducted at one of his sites in Abuja by armed police officers who detained him until he transferred all the money in his bank account to them. In a video watched by Punch Online, a narrator had said, “I posted about the case of N29,900,000 police extortion in Abuja, Nigeria. “So they took him round Abuja, took him round because some cases we have witnessed before before, that’s how they always operate. “In Abuja currently, you have heard about kidnapping cases, robbery cases and nobody knows who are these people operating like this.
Source:Punch
February 07, 2024 05:08 UTC
Punch It: Mandalorian Mayhem Coming to Rocket League
The galaxy far, far away returns to the Soccar pitch. The Mandalorian meets Rocket League? Lucasfilm and Psyonix announced today that characters and iconography from The Mandalorian are blasting onto Rocket League in a special Limited Time Event called Mandalorian Mayhem. Mandalorian Mayhem will be the second Star Wars-themed event in Rocket League, following last May’s droid-centric release. So grab your jetpacks and get ready for a whole new Rocket League experience.
Source:Punch
February 07, 2024 03:02 UTC
Global food prices remain high — World Bank report
The World Bank’s latest Food Security Update report released on Tuesday says inflation in food prices remains high globally across low, middle, and high-income countries. The report highlighted that in 63.2 percent of low-income countries, inflation exceeded 5 percent indicating a 1.3 percentage points increase from the previous food update of January 17, 2023. However, the Bank said in high-income countries food inflation surpassed 5 percent in 44.4 percent of nations, marking a decrease of 1.9 percentage points from the previous food update. According to the report, in 71 percent of the 165 countries with available data, food price inflation outpaced overall inflation in real terms. The World Bank’s Food Security Update stated that the International Food Policy Research Institute (IFPRI) reports that recent assaults by Houthi rebels on vessels in the Red Sea have led to a 40 percent reduction in trade volumes through the Suez Canal, thereby reducing global food security.
Source:Nigerian Tribune
February 06, 2024 20:13 UTC
Protests: FG to address food shortages — Information minister
A special presidential committee met at the presidential villa on Tuesday to articulate actions necessary to stem the tide including the release of available food in stock. It is a special presidential committee to address the issue of food shortage or lack of enough food on the table of most Nigerians. “Now, some of these will involve unlocking the foods that are available in most of the storage facilities (National Food Reserve) around the country. You know that the Federal Minister of Agriculture has some food reserves. To open it up, so that government will provide some intervention, discuss with them provide some intervention to make this food available to Nigerians.“What the government is noticing is that actually there is still food in this country.
Source:Nigerian Tribune
February 06, 2024 20:13 UTC
Naira weakens at parallel market, rises at official window
The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making efforts to tackle the volatility of the currency. The local currency appreciated by 1.09 per cent to close at 1,419.86/$ at the official forex window, according to data obtained from the FMDQ. Recall that the naira dropped significantly to an all-time low of 1482.57 /$ last week Tuesday at the official window, defying efforts by the apex bank and the Federal Government to boost liquidity in the foreign exchange market. The naira closed trading on Friday at 1,450/$ at the alternative forex market. The central bank commenced the clearing of FX backlog in banks in November 2023.
Source:Punch
February 06, 2024 19:16 UTC
NCC to deactivate unlinked sim cards by end of February | The Guardian Nigeria News - Nigeria and World News
The Nigerian Communications Commission (NCC) warned that SIM cards that are not linked to the owners’ National Identity Number (NIN) will be deactivated by the end of February. NCC vice chairman, Aminu Maida, said this in an introductory meeting with the media in Abuja. Maida’s announcement follows a 2021 policy requiring NIN linkage with SIMs. “Pre-registered or illegally registered SIM has been a challenge for a long time,” Maida said. The NCC boss, while speaking on network tariffs and other irregularities on the part of licensed network providers, said the commission is equally collaborating with the industry players.
Source:The Guardian
February 06, 2024 18:54 UTC
NAFDAC seals three factories, enforces ban on sachet alcohol
The National Agency for Food and Drug Administration and Control (NAFDAC) on Tuesday sealed three alcoholic beverage-producing factories in Jos, for not complying with good manufacturing practices and operating without NAFDAC certification. Mr Suleiman said that one of the factories was also sealed for producing banned alcoholic beverages, adding that it also produced other products without the agency’s registration. Mr Suleiman cautioned producers of alcoholic beverages to desist from producing what had been banned by the agency as the raid was continuous. He cautioned sellers to desist from selling alcoholic beverages in sachets, small volume plastic and glass bottles from 100ml and below. NAFDAC In OsunAlso, NAFDAC officials, on Tuesday, began enforcement of the ban on sachets of alcoholic drinks in Osun.
Source:The Guardian
February 06, 2024 15:31 UTC
Navy foiled theft of 91,725 barrels crude oil in 2023 — Ex-commandant
), says the Nigerian Navy’s onslaught against oil thieves saved the nation 91,725.26 barrels of crude in 2023. Speaking on the topic, “Operational Level Warfare: Imperatives for Training and Command in the Nigerian Navy,” he said that this was against 889,890 barrels that were saved from thieves between January and December 2022. While commending the Navy for the feat, he said that more action was needed to reduce the activities of oil thieves to the barest level. On October 26, PUNCH reported that the Nigerian Navy arrested eight oil thieves in a wooden boat with over 300 drums and pumping machines with which they planned to store stolen crude oil. Subsequently, on December 7, the Nigerian Navy said its personnel arrested a 77-metre-long Motor Tanker Vinnalaris 1 Lagos.
Source:Punch
February 06, 2024 14:16 UTC
Pharmaceutical stakeholders seek N600bn intervention fund for local manufacturing
The Federation of Nigeria Pharmaceutical Industry Associations is proposing the creation of N600bn Pharmaceutical Manufacturing Development Fund at five per cent interest over a minimum of seven to 10-year tenure. Akpa explained that the fund would help strengthen the local pharmaceutical industry and reduce the high cost of drugs, making drugs available, accessible, and affordable for all Nigerians. He urged the Federal Government to take decisive measures to tackle the challenges facing the pharmaceutical industry causing the recent scarcity of drugs and the attendant high costs. ”Based on extant fiscal policy, raw materials for pharmaceutical products are to be value-added-tax free and this should be sustained as against the recent push by the Nigeria Customs Service to introduce VAT to some pharmaceutical raw materials and even some finished pharmaceutical products. Our local industry will thrive.
Source:Punch
February 06, 2024 14:00 UTC