The landing cost of Premium Motor Spirit, popularly called petrol, has dropped to N981/litre, according to data released by the Major Energies Marketers Association of Nigeria on Thursday. The petrol landing cost, around N1,130 in previous weeks, came down by over N140 as of September 25, 2024, occasioned the recent drop in global crude oil prices. Crude oil price and the foreign exchange rates are the major factors that determine the cost of refined petroleum products including petrol, diesel, aviation fuel, kerosene, among others. Brent, the global benchmark for crude, traded above an average of 80/barrel in August 2024, but…
Author: UZDO Media
Super Eagles midfielder, Fisayo Dele-Bashiru, has expressed his delight after scoring his first goal for Lazio following his summer loan transfer from Turkish Süper Lig club Hatayspor, PUNCH Sports Extra reports. Dele-Bashiru scored a goal and provided an assist as the Italian side thrashed Dynamo Kyiv 3-0 in a UEFA Europa League game at Volksparkstadion on Wednesday night. The Manchester City youth product shared his excitement after he found the back of the net in his fourth appearance for Lazio. “I’m very happy for the goal and for having scored in front of our fans,” he told the Lazio Style Channel.…
Israel rejected a push by allies for a 21-day ceasefire in Lebanon and vowed to keep fighting Hezbollah militants “until victory”, ahead of Prime Minister Benjamin Netanyahu’s expected address to the UN General Assembly on Friday. Israeli bombing of Iran-backed Hezbollah strongholds around Lebanon has killed hundreds of people this week, while the militant group has retaliated with rocket barrages. The United States, France and other allies unveiled the 21-day truce on Wednesday, after President Joe Biden and his French counterpart, Emmanuel Macron, met on the sidelines of the UN General Assembly in New York. But Israeli leader Netanyahu flatly…
Nigerian singer Habeeb Okikiola, popularly known as Portable, has offered advice to controversial social media personality Idris Okuneye, also known as Bobrisky, in light of his recent contemplation of suicide. Portable urged Bobrisky to “repent from sinful ways” and reconsider his lifestyle choices. This advice came shortly after Bobrisky expressed feelings of despair and indicated suicidal thoughts following an incriminating audio recording released by social media influencer Martins Otse, affectionately known as VeryDarkMan. The recording alleged that Bobrisky paid ₦15 million in bribes to certain officials of the Economic and Financial Crimes Commission to drop his money laundering charges. In…
Matchroom promoter Eddie Hearn is mapping out a potential showdown between Anthony Joshua and Tyson Fury, despite the former’s recent devastating loss to Daniel Dubois at Wembley Stadium, PUNCH Sports Extra reports. In a recent interview with DAZN, Hearn outlined two clear options for Joshua’s next move: a rematch with Dubois or a long-awaited clash with Fury. While Hearn expects Joshua to lean towards the Dubois rematch, he believes facing Fury could be the “bigger and better option” for the British-Nigerian boxer. “I think the next move is probably the most important of his career so far,” Hearn stated.”We have…
Japan’s ruling party began a leadership vote Friday that will decide the next prime minister, with frontrunners including a seasoned defence geek and an arch-nationalist who would be the nation’s first woman leader. A record nine candidates are in the running after the long-powerful factions of the Liberal Democratic Party disbanded earlier this year over a funding scandal. Because the conservative LDP holds a parliamentary majority, the winner is certain to become prime minister, and will likely call a snap election to shore up their mandate. Polls indicate a toss-up between ex-defence minister Shigeru Ishiba, hawkish Sanae Takaichi — a…
Vice President Kashim Shettima has welcomed ExxonMobil’s proposed $10bn investment in Nigeria’s deep-water oil operations, describing it as a testament to the administration’s economic reforms and investment-friendly policies. This came as the international maritime giant, DP World, announced plans to develop a multibillion-dollar port project in Nigeria. The Vice President stated this on Wednesday during a high-level meeting with ExxonMobil executives on the sidelines of the ongoing 79th Session of the United Nations General Assembly in York, United States. Senior Special Assistant to the Vice President on Media and Communications, Stanley Nkwocha, revealed the details of the meeting in a…
The Kaduna State 2023 Labour Party candidates on Sunday rallied support for Sen. Nenadi Usman, the acting National Chairperson of the Labour Party, and urged stakeholders to unite behind her in repositioning the party as a robust opposition force. The group’s spokesperson, Dr. Yusuf Abdullahi gave the admonition on Thursday via a press statement issued to journalists in Kaduna. According to him, Nenadi’s emergence as the National Caretaker Committee Chairperson has saved the party from the brink of collapse, asserting that she deserved continued support to lead the party and foster unity. “If not for her emergence, Nigeria’s electoral bodies…
The House of Representatives, on Thursday, urged the Federal Government to direct the Nigerian National Petroleum Company Limited and the Dangote Petroleum Refinery to allow independent marketers to commence the lifting of fuel from the newly established refinery. The resolution was reached following the adoption of a motion of urgent public importance sponsored by the member representing Yenagoa/Opokuma Federal Constituency, Bayelsa State, Oboku Oforji. Leading the debate, Oforji noted that even though the Dangote Petroleum Refinery began operation in its 650,000 barrels per day integrated refinery on September 15, 2024, only major marketers have been given access to lift products…
The Nigerian government has secured a $600,000 relief fund and commitments from the Bill and Melinda Gates Foundation. The donation was announced when Vice President Kashim Shettima met with the Bill and Melinda Gates Foundation led by its head of the Global Development Programme, Dr Christopher Elias, on the sidelines of the 79th United Nations General Assembly in New York. The relief fund is to “hasten relief efforts for victims of the devastating floods, as well as for health and agricultural sectors’ reforms,” the Senior Special Assistant to the Vice President on Media and Communications, Stanley Nkwocha, revealed in a…