HOTTEST GIST WORLD

Fuel marketers push for fresh price hike as Naira crumbles to 920/$ Oil marketers have insisted on a possible hike in the pump price of petrol, as the value of the Naira against the dollar continues to plunge further. Oil dealers and marketers on told Punch on Thursday, August 24, that with the exchange rate at N920/$, the pump price of petrol could not remain at N617/litre, particularly if the current exchange rate lingered.  The oil marketers, however, pointed out that since the Federal Government had insisted that it would not increase the petrol price, it must then be “subsidising the commodity secretly, based on the prevalent exchange rate reality.” According to findings the ex-depot price of petrol was around N585/litre on Thursday. The projected cost of N680/litre, going by the current forex rate, means that the government might be forced to spend about N95/litre as subsidy.  Last week, the Nigerian Midstream and Downstream Petroleum Regulatory Authority sta...

Trump surrenders to Fulton County authorities in Georgia 2020 election case Former United States President, Donald Trump has surrendered himself to authorities in the state of Georgia in response to 13 felony charges handed down by a Fulton County grand jury. Trump, 77, arrived at Rice Street Jail in Atlanta, where he is expected to get fingerprinted and have a mug shot taken. He will then be released on a $200,000 bond, which was negotiated earlier in the week. Recall, that Trump was indicted in a fourth criminal investigation on August 14 after prosecutors presented evidence related to the former president and his political allies' attempts to reverse the outcome of Georgia's 2020 election. A 23-member grand jury, by majority vote, approved the criminal charges proposed by Fulton County District Attorney Fani Willis' office. The outcome was a 98-page indictment containing 41 counts against a total of 19 defendants. The 13 felony counts against Trump include, a...

NDLEA Denies Appointing singer, Naira Marley as Ambassador The National Drug Law Enforcement Agency has denied appointing singer Naira Marley as its ambassador following a recent meeting with the Chairman of the agency, Mohamed Buba Marwa. Femi Babafemi, spokesman of the agency disclosed in a statement that the meeting was held to encourage Naira Marley to use his skills and platforms to put out content that will discourage millions of his followers and Nigerian youths from substance abuse. The statement read;  “This clarification became necessary following continued misrepresentation of the purpose of the visit especially on online platforms where some reports suggest that the British-Nigerian singer was appointed as an NDLEA Ambassador. “This is misleading and absolute falsehood as the pictures of the visit and the short video containing Naira Marley’s advocacy message to his followers were properly captioned and shared by the Agency without any suggestion of such app...

No federal university is allowed to charge tuition fees — FG The Federal Government has insisted that no federal university is allowed to charge tuition fees in the country. Mr David Adejo, Permanent Secretary, Ministry of Education, Mr David Adejo, disclosed this on Tuesday, at a public hearing by the House of Representatives ad hoc committee on student loans in Abuja. Adejo said that the recent increase in charges by federal universities in the country was unfortunate. “What they collect is charges to cover the cost of accommodation, ICT, and power, among others. It is the Governing Councils of the Universities that have the power to approve such charges for them. “The only university that increased charges after the signing of the student loans act is the University of Lagos. “They came to the Ministry with a proposal to increase their charges because all Governing Councils were dissolved and we gave them approval. “Immediately that was done, there was a resolution from ...

‘Nigerians Don’t Believe I’m on the Same Level as American artists’ – Burna Boy Afrobeat singer, Damini Ogulu, popularly known as Burna Boy, has lamented that most Nigerians don’t believe he is on the same level as American music stars. He complained of not being respected enough by his countrymen because of how he sounds. He stated this in an interview with Los Angeles Times. The singer said his forthcoming album, “I Told Them…,” is his flippant response to naysayers who have attempted to discredit him, both at the beginning of his career and now. The self-styled “African Giant” bemoaned how Nigerians often rate up-and-coming American rappers above him. He said, “To this day, there’s many Nigerians who can tell you an American rapper who just started their career, and they’ll say they’re bigger than Burna Boy. They don’t understand it. They’ll say, ‘There’s no way someone who talks like me, can even be on the same level as an American artist.” Burna Boy said American songs...

FG dissolves Advertising Standard Panel over ‘all eyes on the judiciary’ billboards The Federal Government has dissolved the Secretariat of the Advertising Standard Panel (ASP) over its approval of billboards with the title: ‘All Eyes on The  Election Tribunal Judges.’ The ‘All Eyes on the Election Tribunal Judges” narrative started as a social media campaign by the supporters of the Presidential candidate of the Labour Party in the last Presidential election, Peter Obi. The campaigners are alleging plans by the judiciary to favour the incumbent President Bola Tinubu.   According to the FG the advertisement was a blackmail of the Presidential Election Petition Tribunal. The Director-General of the Advertising Regulatory Council of Nigeria (ARCON) Dr. Olalekan Fadoləpo, announced the dissolution of the Panel in a statement released on Tuesday, August 15. Fadolapo said the Council has also suspended its Director and Deputy Director in charge of Regulations to al...

President Tinubu reportedly Considering Temporary Subsidy On Petrol President Bola Tinubu is said to be  considering a “temporary subsidy” on petrol as crude oil prices and foreign exchange rates continue to rise.  According to the information received by TheCable from presidential sources, the proposal is “firmly on the table” and the “realistic” amount of petrol consumed in the country is now known following the removal of subsidy shortly after Tinubu’s inauguration.  One of the sources noted that the amount spent on subsidy “can now be controlled”. This is coming after the Nigerian National Petroleum Company (NNPC) Limited said there are no plans to hike pump prices despite the rise in crude oil prices, landing cost, and fall in the value of the naira. Excedel World reports that Nigerians have continued to groan under harsh economic realities following the removal of petrol subsidy in May 2023. Following the removal of the fuel subsidy, the price of petrol...