Category: 📃Supers News

  • Hold leaders accountable in 2025: Atiku sends New Year message to Nigerians

    Hold leaders accountable in 2025: Atiku sends New Year message to Nigerians

    Former Vice President of Nigeria, Atiku Abubakar, has called on Nigerians to hold public officeholders to higher standards of accountability in 2025.

    According to reports, Atiku emphasized that the new year is not just a marker of time but a fresh chapter filled with opportunities

    He urged citizens to closely monitor the actions and decisions of those in political office to ensure they use their positions responsibly and refrain from exploiting public trust.

    The Peoples Democratic Party (PDP) leader also expressed gratitude to God for allowing Nigerians to witness another year, encouraging everyone to embrace 2025 with hope and vigilance.

    Atiku Abubakar

    “The former Vice President of Nigeria, Atiku Abubakar, extends his heartfelt congratulations to the people of Nigeria for witnessing the arrival of the New Year, 2025.

    “Atiku declares that this New Year ushers in a momentous era of heightened public awareness, a time when every Nigerian must stand vigilant, closely observing the actions and decisions of their political leaders. He emphasizes that the dawn of 2025 presents an invaluable opportunity to reshape and redefine the national dialogue, urging citizens to actively participate in safeguarding the principles of democracy.

    “Atiku, with a deep sense of purpose, welcomes the nation into 2025, reminding all Nigerians that this New Year is not merely a passage of time but a new chapter brimming with possibilities. He calls for all citizens to remain resolute in ensuring that political leaders, at every level of government, are held accountable and that no one wields unchecked power that could lead to the erosion of liberties and further exploitation of public office,” the statement reads.

    Atiku observed that Nigerians faced a difficult 2024 but noted that the experiences should not hinder a positive outlook for 2025.

    “Reflecting on the challenges of the previous year, Atiku observes that 2024 provided a sobering glimpse into the pressing need for governmental accountability. He expresses his profound gratitude to the Almighty for granting Nigerians the grace to witness another year despite the arduous trials faced in the past.

    “The trials of the past year have only served to fortify our faith.

    “Our unshakable belief in divine protection has been our guiding light, and it is this same spirit of unwavering faith that will continue to propel us forward in the coming year.”

    Atiku implores all Nigerians to nurture the shared hopes of collective prosperity, reminding them that the vigilance of the citizenry is paramount in holding the government accountable for its actions. “We must ensure that the power entrusted to those in leadership is never abused and that the claws of an overreaching government are firmly restrained,” he asserted.

    Speaking further, the former Vice President called on Nigerians to be united in the pursuit of good governance.

    He wished Nigeria and Nigerians a prosperous 2025.

    “Echoing the timeless wisdom that “eternal vigilance is the price of liberty,” Atiku urges Nigerians to stand ever watchful in this New Year, guarding against any encroachment on the public good and the fundamental rights of the people.

    “It is his fervent prayer, he adds, that the New Year will bring a fresh dawn, sweeping away the many years of national hardships that have hindered the country’s growth. He particularly prays for a revitalization of the national economy so that Nigerians may breathe freely once more, liberated from the suffocating grip of economic hardship.

    “This year, Atiku emphasizes, is one in which Nigerians must unite in the pursuit of good governance, standing resolute against any efforts by the ruling elite to divide the nation along religious and ethnic lines.

    “As we celebrate the divine favor that allows us to witness the beginning of this New Year, let us not forget our fellow countrymen who were not so fortunate, those whose lives were claimed by the relentless storms of daily hardships that have long plagued Nigeria.

    “In closing, Atiku Abubakar once again wishes all Nigerians a prosperous New Year, filled with boundless blessings and success in all endeavours, with a promise of a safer, stronger, and more unified nation,” the personally signed statement concluded.

     

     

  • Man shocked after witnessing dark power use Bible to reveal bike thief

    Man shocked after witnessing dark power use Bible to reveal bike thief

    Nigerian man was left in shock after witnessing what he described as a real dark power being invoked using a Bible.

    This incident followed a consultation with an expert to investigate the theft of a bike from a compound overnight.

    Man shocked after witnessing dark power use Bible to reveal bike thief
    For illustration purpose.

    The man’s experience, which he shared in a post on X (formerly Twitter), revealed that he had never encountered anything like it before.

    He explained that after a bike was stolen from a neighbor’s compound, someone was called in to use dark powers to identify the thief.

    In his post, he wrote: “Someone’s bike got stolen in our compound at night, so they called someone who knows how to make findings using dark powers to reveal the person. Man, I’ve heard of things like this, didn’t doubt its existence, but this one shocked me.”

    The man went on to share a video showing the process.

    In it, the expert held several objects to a Bible while chanting: “If the person is in this community, let the Bible turn.”

    To everyone’s astonishment, the Bible began to turn on its own.

    As the video spread online, concerned users flocked to the comments section to share their reactions and thoughts on the strange event.

    See some reactions below: 

    @EditiPeter: “Lol, this fake stuff. You never see juju wie dey talk before? Call your name.”

    @Chris_da_genius: “It worked perfectly for me one time my phone was stolen on site and we caught the thief. I didn’t know if I should attribute it to dark magic cos the guy was calling on the god of Abraham, Isaac and Jacob while telling the bible to rotate.”

    @sirwalexy: “I have experienced this before, I was shocked to my bones. At least it saved the day.”

    @Fola_MF: “My dad told me about this thing but this is the first time im seeing it live.”

    @jayson_eyeballs: “I’ve witnessed this sort of thing in a village in enugu ezike. The man had this fan on leg, it had something like a flap on it. The flap was seriously moving on its own when it was asked true or false questions like this. Things dey for this life.”

    @Rhporiginals: “This thing na rubbish Oga 😂Our tenant fone lost for compound( former compound), landlady go inside carry broom with red rope, begin talk rubbish (broom turn e tire 😂) after everything na for back of compound fone fall😂.”

    @EricNoMannerz: “This thing na rubbish 😂😂 i done see one herbalist do this thing before. Ask questions and the thing turn, then the man ask the thing, “will the phone be found” the thing turn, meaning Yes!… Bro til today we nor see dat phone again, it has been 2years now.”

    WATCH VIDEO: 

     

     

  • NGX opens week with N987bn gain

    NGX opens week with N987bn gain

    At the close of the first trading day of the week, the Nigerian Exchange Limited recorded a market capitalisation of N62.5tn, with a total of 641,117,293 shares traded in 13,778 deals.

    The value of these transactions amounted to N15.50bn, reflecting a 44 per cent increase in trading volume, a 3 per cent increase in turnover, and a 10 per cent rise in the number of deals compared to the previous trading day.

    In terms of market performance, the NGX All-Share Index rose by 0.99 percent to close at 103,149.35 points. This represents a one-week gain of 1.88 per cent, a four-week gain of 5.49 per cent, and a year-to-date increase of 37.95 per cent.

    The trading session saw a total of 127 listed equities on the exchange, with 39 gaining and 21 losing.

    Among the top gainers, MeCure Industries, Neimeth International Pharmaceuticals, and Prestige Assurance Company all saw a 10 per cent rise in their share prices, closing at N12.65, N2.09, and N1.10 per share, respectively. Lasaco Assurance followed closely with a 9.96 per cent increase, closing at N3.09, while Livingtrust Mortgage Bank gained 9.92 per cent, closing at N3.99, and Meyer Plc rose by 9.91 per cent to close at N8.43.

    On the losing side, PZ Cussons Nigeria recorded the highest decline, dropping 10 per cent to close at N26.10. This was followed by Vitafoam Nigeria, which lost 9.62 per cent to close at N21.60, and NGX Group, which dropped 9.17 per cent to end the day at N27.25. Other notable losers included Ikeja Hotel, which fell by 7.41 per cent to close at N11.25; Eterna Plc, which dropped 5.26 per cent to N27.00; and Japaul Gold, down by 4.11 per cent to close at N2.10.

    Universal Insurance Company led the market in trading volume with 71.5 million shares, followed by Guaranty Trust Holding, which saw 54.7 million shares traded, and Access Holdings with 46.6 million shares. C&I Leasing also recorded a high volume of 32.3 million shares.

    In terms of sectoral performance, the Top 30 Index gained 1.15 per cent and saw a 36.93 per cent rise year-to-date. The Insurance Index also increased, rising 2.45 per cent, while the Consumer Goods Index gained 1.76 per cent, reflecting a 54.88 per cent year-to-date rise.

    The PUNCH reported that the Nigerian equity market recorded a gain of N472bn during the shortened trading week, as the Federal Government declared Wednesday, December 25, and Thursday, December 26, 2024, public holidays for Christmas celebrations.

     

  • 2024 world’s richest: Elon Musk, Mark Zuckerberg top billionaires ranking

    2024 world’s richest: Elon Musk, Mark Zuckerberg top billionaires ranking

    The world’s 500 richest people became considerably richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone, a combined $10 trillion net worth.

    The tech billionaires collectively saw their wealth increase by an impressive $903 billion.

    An indomitable rally in US technology stocks played a key role in turbocharging the trio’s wealth, as well as the fortunes of Larry Ellison, Jeff Bezos, Michael Dell and Google co-founders Larry Page and Sergey Brin.

    The eight tech titans alone gained more than $600 billion this year, 43% of the $1.5 trillion increase among the 500 richest people tracked by the Bloomberg Billionaires Index as reported on Tuesday by PUNCH Online.

    But it was Musk, the so-called “first buddy” of President-elect Donald Trump after unprecedented support for his reelection campaign, who dominated the world’s wealthiest in 2024.

    His close relationship with the incoming president helped increase the value of his companies, including Tesla Inc., SpaceX and xAI.

    The development report boosted his fortune to an unprecedented $442.1 billion, up $213 billion from the beginning of the year.

    According to the latest Bloomberg Billionaires Index, the $237 billion gap between him and Bezos on Dec. 17 was the largest ever recorded between the first- and second-ranked names on Bloomberg’s wealth index.

    “Across the board, the world’s wealthiest benefited from a stock market that defied expectations in 2024. The S&P 500 Index gained 24% through Monday, powered by the small group of stocks dubbed the “Magnificent Seven,” including Musk’s Tesla, Zuckerberg’s Meta Platforms Inc. and Huang’s Nvidia Corp., which accounted for more than half of the stock benchmark’s performance.”

    Trump’s election win, Bloomberg said it added to the gains as the S&P 500 hit a then all-time high on Nov. 6 in its best post-Election Day performance in history. The billionaires represented on the index gained a combined $505 billion in the five weeks following the election, 34% of the yearly total.

    Trump’s victory also sparked a historic rally for digital assets, pushing Bitcoin above $100,000 for the first time. That especially boosted crypto billionaires, Binance Holdings’ Changpeng Zhao, known as CZ, saw his wealth surge 60% to $55 billion. The net worth of Coinbase Global Inc. co-founder Brian Armstrong rose more than 50% to $11.1 billion.

    The total value of the fortunes tracked by the Bloomberg Billionaires Index was $9.8 trillion at Monday’s close, down slightly from a Dec. 11 peak of $10.1 trillion following a post-Christmas selloff.

    Their wealth is similar in size to last year’s combined gross domestic products of Germany, Japan and Australia, according to data compiled by the World Bank.

    Here are some of this year’s biggest winners and losers as ranked by the BBI:

    Winners

    Donald Trump: The president-elect’s fortune soared to record highs this year, boosted by the performance of his majority stake in Trump Media & Technology Group Corp. Despite reporting a $19.2 million loss last quarter, DJT, as the social-media company is known, gained 95% this year, to a current market value of over $7 billion.

    Jensen Huang: Nvidia CEO Huang has been one of the biggest individual winners of the AI boom so far, adding $76 billion to his net worth this year. Nvidia’s stock nearly tripled in 2024, and it became the world’s most valuable company for the first time in June.

    Mark Zuckerberg: Despite a blockbuster $841 million antitrust fine from the EU and early-year hesitation from investors about the company’s multibillion-dollar AI push, the Meta CEO added $81 billion to his net worth this year as Meta stock gained nearly 70%.

    Chinese billionaires: Chinese billionaires, including Tencent Holdings Ltd. CEO Pony Ma, Xiaomi Corp. Chairman Lei Jun and Cambricon Technologies Corp. co-founder Chen Tianshi, added 14% to their fortunes in 2024. Their gains reversed three straight years of losses spurred by an ongoing property crisis and government clampdowns on powerful tech firms.
    Billionaires under age 60: The younger billionaires on the list grew their wealth more than twice as much as their older counterparts this year. Billionaires under 60 make up 27% of the index.

    Losers

    French luxury billionaires: The fortunes of Bernard Arnault, Francoise Bettencourt Meyers and Francois Pinault, whose wealth comes from holdings in the luxury goods sector, took big losses in 2024. After years of pandemic-fueled gains, when luxury shopping supplanted spending on dining and entertainment, slowing sales — especially in the key Chinese market — cost the three billionaires a total of $71 billion.

    Colin Huang: Huang had the biggest wealth decline among Chinese billionaires. The e-commerce mogul behind Temu briefly became China’s richest person in August, but ended the year down $18 billion after a lackluster earnings report sent his company’s shares plummeting 29% in a single day.

    Ricardo Salinas: The chairman of Grupo Elektra SAB, a Mexican retail and banking conglomerate, lost more than half of his net worth in a single day after his company’s stock tanked following Salinas’ claims that he was scammed by a former financial adviser. Salinas announced he would be taking the company private last week.

    Carlos Slim: Slim, who has major stakes in Latin American businesses across the telecom, banking, construction and energy sectors, saw his net worth decline by $26 billion in 2024. His wealth was hurt by exchange rates — the peso fell about 20% after years of relative strength — and flagging markets after leftist candidate Claudia Sheinbaum’s June victory in Mexico’s presidential election.

    Pham Nhat Vuong: The Vietnamese mogul, who has holdings in property development, retail and health care, saw shares in his electric vehicle company Vinfast Auto Ltd. fall about 70% early in the year after losses widened and the market soured on its aggressive expansion plans. The stock has since recovered some ground, but the decline cost Vuong nearly half of his fortune.

     

  • Dashed hopes: How local refineries fail to curtail rising petrol prices

    Dashed hopes: How local refineries fail to curtail rising petrol prices

    Petrol has become unaffordable to ordinary Nigerians despite the availability of two facilities refining the nation’s crude oil. This has spiked inflation, making life difficult for the citizenry whose hope of cheaper fuels depended heavily on local refineries, DARE OLAWIN reports

    Years ago, Nigerians were made to believe that the only road to affordable petroleum products was to have local refineries processing the country’s crude oil. It was argued that the price of premium motor spirits, otherwise known as petrol, would crash if the product were produced in the country, but that seems not to be the reality at this time.

    When former President Goodluck Jonathan attempted to remove petrol subsidies in 2012, he faced strict resistance. There was a violent protest tagged ‘Occupy Nigeria.’ Then, the organised labour and members of the opposition rejected the decision, saying Nigerians could not pay N141 for a litre of petrol. One of the requests made by the protesters in 2012 was a revamp of the nation’s refineries and stop the importation of petrol, diesel, aviation fuel, and others. The anti-subsidy removal protesters, many of whom are in the current government, said the locally refined petroleum products would be cheaper than the imported ones, so subsidy removal would not impact the price as envisaged. Jonathan bowed to pressure over his inability to revamp the refineries immediately, but   reduced the price to N97 instead of taking it back to N65 per litre.

    In 2015, Muhammadu Buhari took over with a promise to fix the refineries before removing fuel subsidies. Though the prices of PMS went up close to N200 per litre under his watch, Buhari was very reluctant to remove subsidies because of the hardship this could inflict on the masses. The former president secured a $1.5bn loan to revamp the Port Harcourt refinery, which was not ready before he left office. However, the ‘clever’ Buhari shifted the subsidy removal burden to his successor as he made no provision for the same in the budget from June 2023.

    When the incumbent Bola Tinubu assumed office on May 29, 2023, he wasted no time declaring that “the fuel subsidy is gone.”

    No sooner had Tinubu made the pronouncement than the country’s economic situation began a downward slide, changing for the worse. Filling stations, including the ones owned by the Nigerian National Petroleum Company Limited, raised the pump price of petrol above N500 per litre at the time. Some Nigerians, who had hoped that the new administration would turn around the situation positively, began to feel uneasy, though they were persuaded by the president, who stated that there would be gain after pain.

    To the average Nigerian, petrol means more than what it is in other countries. The country’s economy depends almost solely on fuel. Both the rich and the poor need petrol for vehicles or to run engines for commercial activities.

    In a country where over 85 million people have no access to electricity, petrol has always been the hope of the people, both the rich and the poor alike, to avoid darkness. Nigeria is also one of the largest markets for power generators in the world. With the current high cost of petrol, access to electricity has been reduced, especially in rural communities. According to the Minister of Power, Adebayo Adelabu, with the high cost of petrol, an individual would need about N750 to generate 1 kilowatt-hour of electricity.

    Similarly, those who don’t have reasons to buy petrol feel the impact of the price hike whenever they intend to use public transport because commercial drivers have repeatedly jerked up  transport fares, provoking a rise in the prices of items in the markets.

    The masses’ worry was compounded about two weeks after Tinubu’s inauguration when he also floated the naira as the cost of petrol rose again upon the devaluation of the exchange rate. However, the NNPC quickly introduced subsidy payment through the back door. While the landing cost of petrol was around N1,200, the NNPC sold it at half the price, based on the promise of the Federal Government to pay the shortfall. For close to a year, the NNPC sold the product at about N600/litre, denying claims that it was paying subsidies.

    Recently, however, the energy firm admitted to selling below the cost price. The national oil company admitted that it owed its suppliers. It stated this when there seemed to be no way out of the lingering fuel queues at filling stations in the third quarter of 2024.

    “NNPC Ltd has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. This financial strain has placed considerable pressure on the company, and it poses a threat to the sustainability of fuel supply,” Soneye said in a statement in September.

    Soon after Soneye’s statement in the ninth month of the year, the NNPC raised the PMS pump price from N600 to N855/litre or more, depending on the location. This significant hike coincided with the unveiling of the Dangote refinery’s PMS, fuelling concerns about what the future held for Nigerians who had hoped that the private refinery would crash the price of the product. The price later rose to N1,100/litre, a development that has forced many vehicles off the road, deepening the country’s economic crisis.

    Earlier, crude oil refiners had told The PUNCH that local refineries in Nigeria would crash the price of petroleum products.

    The Publicity Secretary of the Crude Oil Refinery Owners Association of Nigeria, Eche Idoko, explained in June that what happened to the cost of diesel after Dangote started producing it would happen to petrol prices once it is being produced massively in Nigeria. Idoko had opined that PMS would sell at the rate of N300 per litre when the Dangote refinery came on board.

    “If we begin to produce PMS today in large volumes, provided there is adequate crude oil supply, I can assure you that we should be able to buy PMS at N300/litre as the pump price.

    “Why make Nigerians buy it at almost N700/litre when you know that if you allow refineries to work, the price will come down? Is it because you want to satisfy the global refiners abroad that are making so much from us?” Idoko said.

    According to him, the sale of crude to Dangote would crash the prices of diesel and PMS.

    “There is every tendency that before December, diesel prices will drop further. The only reason why diesel is not below N1,000/litre is because of our exchange rate. If the exchange rate drops, diesel will drop below the N1,000/litre price. Now the exchange rate concern is because Dangote imports crude. If he is not importing, the exchange rate may not have so much effect, though he is still buying crude in dollars (in Nigeria) anyway.”

    When the Dangote refinery began production, it faced serious crude challenges. The President of the Dangote Group, Aliko Dangote; his vice, Davakumar Edwin; and other officials of the company repeatedly accused international oil companies of refusing to sell crude to the refinery, thereby impacting its ability to produce cheaper fuels for Nigerians.

    The company also accused the Nigerian Upstream Petroleum Regulatory Commission of failing to effectively enforce the domestic crude supply obligation, saying it was allowing the IOCs to sell crude through their foreign agents at a premium. Officials of the 650,000-capacity refinery told our correspondent in June that crude shortage was the main reason why the refinery kept postponing petrol production.

    Dangote also slammed the Nigerian Midstream and Downstream Petroleum Regulatory Authority for allegedly granting licenses for the importation of dirty fuel. In an attempt to defend the NMDPRA, the Chief Executive, Farouk Ahmed, irked Nigerians by saying the fuels produced by Dangote refinery and other local refineries were substandard compared to imported ones. Nigerians took to the media to bash the regulator. To the ordinary man on the street, some saboteurs would not allow them to enjoy cheaper PMS from Dangote. The support they gave to Dangote was because they thought the refinery would be a source of succour for them, but the reverse was the case.

    To douse tension, President Tinubu waded in, approving the sale of crude oil to Dangote in naira. The President’s aide, Bayo Onanuga, who made the announcement in July, disclosed that the Federal Executive Council approved that the 450,000 barrels meant for domestic consumption be offered in naira to Nigerian refineries, using the Dangote refinery as a pilot.

    Onanuga also revealed that the exchange rate would be fixed for the duration of the transaction. Again, Nigerians became optimistic that the pump price of petrol would go down, especially if the Federal Government directed the NNPC to fix the exchange rate for the naira-for-crude deal. Our correspondent gathered that the government did not fix the exchange rate as earlier promised, making Dangote buy Nigeria’s expensive sweet and light crude at the international rate, though in naira.

    After much delay, the Dangote refinery started PMS production in September, and the naira-for-crude deal commenced in October. Similarly, the NNPC announced that the Port Harcourt refinery had begun crude processing in November. However, all these have not crashed the price of PMS to N300 or N600 per litre.

    PMS expensive in Nigeria—Report

    Data released by GlobalPetrolPrices.com recently showed that after the total stoppage of petroleum subsidies, Nigeria now has one of the highest petrol prices on the continent among key oil producers.

    GlobalPetrolPrices.com publishes wide-ranging and up-to-date information on retail energy prices around the world. The new information showed that among the top oil-producing countries in Africa, Gabon’s price came highest at $0.952, while Nigeria sold the product for $0.768 as of December.

    Libya reportedly has the cheapest petrol price per litre of $0.031 in Africa and second globally. Angola also has cheaper fuel at $0.329. Egypt sells at $0.335 per litre; Algeria was selling for $0.343 per litre, while Sudan’s was $0.700, followed by Ethiopia at $0.718.

    The report added that the average price of petrol around the world as of December was $1.24 per litre but with substantial differences in the prices among countries due to different taxes and levies.

    “As a general rule, richer countries have higher prices, while poorer countries and the countries that produce and export oil have significantly lower prices. One notable exception is the United States, which is an economically advanced country but has low gas prices.

    “The differences in prices across countries are due to the various taxes and subsidies for gasoline (petrol). All countries have access to the same petroleum prices of international markets but then decide to impose different taxes; hence the retail price of gasoline is different,” it added.

    Globally, the report showed that Iran has the cheapest petrol price at $0.029, closely followed by other oil-producing countries like Libya, Venezuela, Angola, Egypt, Kuwait, Algeria, and Turkmenistan, among others, but Nigeria has a higher rate when it comes to petrol pricing.

    Meanwhile, countries with the most expensive petrol prices per litre worldwide are Hong Kong at $3.31; Monaco at $2.24; Iceland at $2.20; Denmark at $2.05; Israel at $2.05; and the Netherlands at $2.05.

    Dangote, NNPC ‘price war’

    Lately, the Dangote Refinery and the NNPC appeared to have engaged in what some stakeholders described as a price war, slashing the ex-depot price of petrol below N1,000 per litre. As of the time of this report, most filling stations sell the product at N1,000, while a few sell above N900. However, this so-called price war did not push the cost to what Nigerians could afford in an oil-producing nation. At the moment, most Nigerians still believe they should not buy petrol above N500/litre.

    A senior official of the Nigeria Labour Congress, Chris Onyeka, said the Federal Government and the Nigerian National Petroleum Company Limited did not deserve any applause over the recent reduction in the pump price of petrol. Onyeka argued that the current pricing mechanism did not reflect the true cost of the commodity.

    “Do you want us to clap for them? How can we be okay with a price of N935/litre of PMS? This is not the right price for PMS. You cannot base the price on imported products when we have refining capacity in Nigeria,” he said.

    It could be recalled that some marketers once threatened to import PMS and sell it at a price far below what was being offered by the Dangote refinery and the NNPC. In early November, marketers under the aegis of the Petroleum Retail Outlet Owners Association of Nigeria said the association had struck deals with some international fuel suppliers to import PMS at a good price, adding that the product would arrive in Nigeria at a price around N800/litre.

    Speaking further on the recent price drop, Onyeka argued that the costs embedded in the current pricing framework—including foreign labour, freight charges, insurance, logistics, and profits accrued abroad—unfairly burden Nigerians.

    “Products are refined in Nigeria, yet the price you give Nigerians is based on imported products. Why should we applaud that? It is akin to someone stealing your money and returning only part of it, then expecting you to clap. We cannot applaud this,” he stated.

    Chairman, Centre for Accountability and Open Leadership, Debo Adeniran, said the reduced price of N935/litre was still expensive and unsatisfactory, noting that the government and private businesses could still give out free petrol to citizens.

    “We believe that if NNPC and the private sector actually give out PMS for free, they will still not run their business at a loss, because the other derivatives of petroleum products can still serve them and can still make them break even. So, even at that N900 and something, it’s still expensive.

    “We expected that PMS prices would drop below N200 when Dangote was to come on stream. So, it’s unfortunate that we are still talking about over N900, and they want us to jump up and rejoice for that. That is not satisfactory. They should just let us see the breakdown of their production cost and why it’s still there. I mean, there are countries like Libya under Gaddafi that gave out PMS for free, and they didn’t run anything at any loss. So, I believe that it can still go further down,” he said.

    However, CORAN Publicity Secretary Idoko maintained that the price reductions were a testimony that the refineries were on the right path to bring down fuel prices.

    Idoko insisted that the price reduction would continue provided the international price of crude remains stable as well as the exchange rate.

    “As a matter of fact, we have started seeing the effect of local refining, at least from the refineries with both Dangote and the NNPC announcing a price reduction recently,” Idoko said, adding that “under the economy of scale, this price reduction would likely continue if the international price for crude remains stable and the naira continues to improve against the dollar.”

    Asked if the masses should expect a reduction to N500/litre, Idoko retorted, “Well, we cannot tell yet. If the other variables that also affect the pricing of petroleum products reduce significantly, we would see a significant drop in price.”

    Aside from the international price for crude oil and the foreign exchange rate, Idoko mentioned another variable as the continuation of the naira-for-crude arrangement, stating that ensuring crude is made available to local refineries will play a significant role in price rebates.

    A professor of energy at the University of Lagos, Dayo Ayoade, expressed optimism that more competition is needed to drive the price down. He maintained that the Dangote refinery is more or less the only one producing optimally at the moment, saying the Port Harcourt refinery is yet to be fully on stream.

    The don called for patience, saying the price would take time to experience any significant reduction. He maintained that two refineries are not enough to drive the prices down, asking what has happened to the Warri and Kaduna refineries. Ayoade stressed that investors would come to the downstream sector if the sector promised returns on investments.

    “To drive the price down, you need competition, and when the local refineries start coming on stream, prices naturally will be low because it is about demand and supply. That’s the general economics of it. We have Dangote and Port Harcourt. The Port Harcourt refinery is not actually really online. Dangote is the one that is really producing, and the price is still high. It will take time for the price to come down; let’s not be in a hurry. In the long term, deregulation is in the interest of Nigerians to avoid the fraud that has been taking place in the downstream sector and to avoid policy flip-flops that have been destroying investments.

    “When the sector is stable, we will attract foreign investments. People will invest in the downstream like in the upstream if they are assured of profit-making. So, there will be good news. BUA refinery will be online maybe next year or the year after. People should not worry; they should let other new refineries come on board. The more the refineries, the better for us. Now we can say we have a duopoly—two refineries. That’s not sufficient to drive prices down. What happens to Warri and Kaduna refineries?” the professor queried.

    Meanwhile, as Nigerians lament Tinubu’s decision to suddenly remove subsidies, the president has said he had no regrets taking that decision immediately after he was sworn into office. Today, the president believes that the adoption of compressed natural gas would lessen the burden and give Nigerians cheaper and cleaner fuel, but the cost of converting a vehicle to CNG-compliant and the lack of refuelling stations have been a major hindrance. It appears Nigerians would still continue to buy pricey petroleum products except there is a miracle coming soon.

    In their advice to the government, local refiners charged the federal government to peg the dollar at N1,000 for transactions done locally in the oil and gas sector, especially for the naira crude sale arrangement. This they said would enhance energy security and affordability.

     

  • FG votes N53bn for 103 foreign missions renovation

    FG votes N53bn for 103 foreign missions renovation

    The Federal Government FG has proposed N53bn to renovate 103 foreign missions, The PUNCH has learnt.

    The funds will cover various needs, including renovations of chanceries, staff quarters, ambassadors’ residences, purchase of office furniture, and official vehicles, among others.

    Allocations include N554m for the foreign mission in Abidjan; N812m for Banjul; N555m for Brazzaville; N558m for Port of Spain; N576m for Caracas; N624m for Kingston; N567m for Libreville; N409m for Buenos Aires, N899m for Niamey, among others.

    The PUNCH had reported that despite the rising allocation to the missions, significant financial challenges remain, with sources estimating that almost $1bn was required to clear arrears and fully fund the nation’s 109 missions worldwide.

    On taking office, President Bola Tinubu reassessed Nigeria’s foreign policy and initiated a recall of 83 ambassadors in September 2023.

    However, the process of appointing new envoys has faced delays due to financial shortfalls.

    The foreign affairs minister confirmed this, citing insufficient funding for essential embassy operations and ambassadorial support.

    “There is no point sending out ambassadors if you do not have the funds for them to even travel to their designated country and to run the missions effectively, one needs funding.

    “Mr President is working on it, and it will be done in due course,” Tuggar said during a ministerial briefing in May 2023.

    Senior Presidency and Foreign Service officials said the country needs around $1bn to clear backlogs of bills and adequately finance its 109 missions, 76 embassies, 22 high commissions and 11 consulates globally.

    An official explained that resolving these issues requires substantial capital expenditure, adding that efforts are ongoing to address arrears and operational shortcomings.

    He said, “You see, the major issue is money. Not money to pay them (ambassadors), because how much is their salary and benefits? The main money is CAPEX (capital expenditure). By the time they put the cost together to fix the issues; it is running to almost $1bn.

    “Most of those embassies, almost 90 per cent, are rundown. The residence is not good, the embassy does not have a functional office, or their rent has expired. The embassies that are buoyant may not be up to 10 as we speak.”

    Another official, who spoke on condition of anonymity as he was not allowed to talk to the media, explained that the allowances of Foreign Service officers are pending.

    The official said, “The money required now is for CAPEX to fix some of the residences and embassies, purchase vehicles and pay some of the arrears and overheads for some Foreign Service officers.

    “Some of them are owed seven to eight months allowances. Some of them owe rent. The President is trying to iron that out before announcing the list.”

    A Foreign Service staff member in one of the missions noted that sending ambassadors into such conditions without resolving these issues would leave them unable to perform their duties effectively.

    The official noted, “If you send an ambassador here now, the embassy staff may look up to the ambassador to solve their problems. And the ambassador will be helpless.

    “It’s even understandable now because the Head of Chancery and Chargé D’Affairs are civil servants like everyone here. So, we are all in the same boat. But once you send a political head like an ambassador, it’s like sending a president.”

    Meanwhile, the House of Representatives Committee on Foreign Affairs has invited the Minister of Budget and National Planning, Atiku Bagudu, his Foreign Affairs counterpart, Yusuf Tuggar, the Director- General, Budget Office of the Federation, Tanimu Yakubu, over what it called the poor allocation to the foreign affairs ministry in the 2025 budget proposal.

    The Permanent Secretary in the ministry, Dunoma Ahmed, is also expected to appear alongside the ministers before the committee on January 14, the Chairman, House Committee on Foreign Affairs, Oluwole Oke, disclosed to The PUNCH on Monday.

    Oke, a member of the Peoples Democratic Party representing Oriade/Obokun Federal Constituency, Osun State, noted that the N287bn allocated for recurrent (non-debt) expenditures in the 2025 budget proposal was not enough to meet the ministry’s needs, particularly the funding of the nation’s foreign missions.

    In the 2025 Appropriation Bill presented to the joint session of the National Assembly on December 18, 2024, by President Bola Tinubu; the Foreign Affairs Ministry was allocated N66.88bn for capital expenditure and N286.88bn for recurrent (non-debt) expenditure.

    Tagged, ‘The 2025 Budget of Restoration: Securing Peace, Rebuilding Prosperity,’ the total estimate is N47.90tn, subject to the passage by the National Assembly.

    Speaking with The PUNCH on Monday, Oke said, “The House Committee on Foreign Affairs has invited the Minister for Budget and National Planning, DG Budget Office, the Minister for Foreign Affairs and the Permanent Secretary, Ministry of Foreign Affairs over poor allocation in the 2025 budget proposal. They are to appear before us on Tuesday, January 14, 2025.

    “The needs assessment conducted by the ministry showed that they need N1.5tn. Assuming the Federal Government of Nigeria cannot meet this in a single financial year and working in line with the Fiscal Responsibility Act and Medium Term Expenditure Framework approved by the Parliament for the 2025 budget formulation, the least the ministry and her missions should get should not be less than N500bn.  We need also to be mindful of the unstable exchange rate.”

    According to him, the ministry’s programmes in 2025 would require huge funding, citing the annual subscriptions to dozens of international organisations and allowances for Foreign Service officers.

    “We have a lot of subscriptions to international organisations to be paid including passage allowances to Foreign Service Officers, United Nations General Assembly in 2025 to be catered for among others,” he said.

    He observed that the poor funding of the ministry might be a plot to frustrate the Federal Government’s effort in projecting a positive image before the global community.

    “I hope the ministers and DG Budget Office are not out to undermine Mr President who is the chief marketer of Nigeria or if you like, the chief diplomat of Nigeria,” he added.

    While acknowledging the N13tn proposed for debt servicing in the 2025 fiscal year; the lawmaker said foreign missions should be allowed to own properties using the mortgage model.

    He continued, “We need to allow the missions to acquire properties using mortgages ditto for car leasing because these are the models in most host countries.

    ‘’We can thereafter budget annually for servicing the mortgages in our budgets rather than paying huge rents in Singapore, Shanghai, Hong Kong, Dubai, Abu Dhabi, Doha and several other missions.

    “We need a clause in the Finance Bill to allow missions to acquire properties using mortgages or loans to fix our dilapidated properties like in New York, Washington, Atlanta, Canada, Abidjan, Conakry, Sierra Leone, Windhoek, Paris, Brussels, Hague, Rome, Holy Sea, Vienna, Kampala, Addis Ababa, and so many others. This will solve our problems perpetually.”

    The PDP lawmaker lamented the tough environment under which the ministry and missions are operating, alleging it was artificially created.

    “The ministry and missions are also suffering from self-inflicted problems stemming from non-disclosure of their problems and accountability. They’re just suffering and smiling.

    “During oversights to some of the missions, you will see a Charge D’Affairs or Finance Attaches running away or hiding records not knowing that the exercise is to redefine their operational system from the old and put them on auto cruising of prosperity,” he noted.

  • Okpebholo: Warri refinery restoration, New Year gift to Nigerians

    Okpebholo: Warri refinery restoration, New Year gift to Nigerians

    Edo State Governor, Senator Monday Okpebholo, on Tuesday, described the restoration of the Warri Refinery as a significant breakthrough for the nation’s petroleum industry and a New Year gift to Nigerians.

    Okpebholo also congratulated President Bola Tinubu and the Nigerian National Petroleum Company Limited for the successful restart of the 125,000 barrels per day (bpd) Warri Refinery and Petrochemical Company.

    These were contained in a statement by the governor’s Chief Press Secretary, Fred Itua.

    Okpebholo hailed Tinubu for his reform in the sector, which he said has started yielding positive results for the advancement of the economy and called on Nigerians to support him.

    The statement read, “The restoration of the 125,000 barrels per day Warri Refinery and Petrochemical Company marks a turnaround in the nation’s petroleum sector.

    “I hail President Tinubu for the reform in the sector, which has started yielding positive results and this will lead to the advancement of the economy. I urge Nigerians to support the president.

    “With the Warri, Port Harcourt and Dangote refineries working simultaneously, there is hope that the petroleum sector is taking a new turn.

    “I want to join other numerous Nigerians to congratulate President Tinubu and the NNPCL under Mele Kyari for successfully reviving the Warri Refinery. For me, this is certainly a New Year gift to Nigerians. Edo State will continue to support the Renewed Hope Agenda of the Federal Government to restore our national pride and make Nigeria a hub for crude oil refining in Africa.”

     

     

     

  • From multiple explosions to tragic stampedes: 20 most dominant events of 2024

    From multiple explosions to tragic stampedes: 20 most dominant events of 2024

    As the year winds down, IMOLEAYO OYEDEYI captures some of the most dominant events that shaped political discourse and challenged the effectiveness of government policies for the masses

    Ibadan Explosion

    A series of explosions in Ibadan, the capital of Oyo State, shattered the early excitement of 2024, raising concerns about the escalating menace of illegal mining across the country. The blasts, which dominated public discourse for weeks, claimed two lives, injured several others, and caused widespread destruction of property. The explosions tore off rooftops and shattered windows, leaving many homeless for days and prompting costly government rescue operations.

    Binance Executive Detention

    In February, one of the most contentious issues in the country was the arrest and detention of Binance executive, Tigran Gambaryan, on charges of money laundering and operating without a licence.

    However, his detention was short-lived, as he was eventually released due to deteriorating health and diplomatic interventions.

    Kano Emirate Tussle

    The first half of the year witnessed significant political drama in Kano, triggered by the state assembly’s repeal of the law that had divided the city into five emirates. Governor Abba Yusuf swiftly signed a new law, resulting in the removal of five prominent emirs: Aminu Ado Bayero of Kano, Nasir Ado Bayero of Bichi, Kabiru Muhammad Inuwa of Rano, Ibrahim Abubakar II of Karaye, and Aliyu Ibrahim Abdulkadir of Gaya.

    In a dramatic turn of events, former Central Bank Governor, Muhammadu Sanusi, who had been dethroned by the previous administration, was reinstated. However, Ado Bayero rejected the decision and moved to the Nasarawa palace. The two emirs, locked in a parallel leadership battle, continue to fuel tensions in Kano, making the emirate tussle one of the year’s most prominent issues.

    Cabinet reshuffle

    Amid months of intense speculation, President Bola Tinubu enacted a significant reshuffle of his 45-member cabinet on October 23, appointing seven new ministers, dismissing five, and reassigning 10 others to new roles. Notably, the ministers of finance, defence, and national planning, and two junior energy ministers retained their positions. The reshuffle also saw the Ministry of Niger Delta Development renamed the Ministry of Regional Development, the Ministry of Sports dissolved, and the Ministries of Tourism and Arts and Culture merged.

    The reshuffle sparked mixed reactions across Nigeria, with many questioning why some underperforming ministers were retained while others were dismissed. The public discourse surrounding these changes made it one of the year’s most debated political topics.

    Tax Reform Controversy

    Since Tinubu introduced his tax reform bills to the National Assembly in October, the proposals have become a major point of contention. The bills—comprising the Joint Revenue Board of Nigeria (Establishment) Bill, the Nigerian Revenue Service (Establishment) Bill, the Nigeria Tax Administration Bill, and the Nigeria Tax Bill—have sparked nationwide debate.

    Supporters argue that the reforms will ease the tax burden on 90 per cent of Nigerian workers, streamline tax procedures, support small businesses, and enhance tax collection efficiency. However, opposition from Northern lawmakers and leaders, including Senator Ali Ndume and Borno State Governor Babagana Zulum, has been vocal. Critics contend that the bills could disrupt business operations and negatively impact state government revenue, particularly in the Northern region.

    National Grid Collapses

    A persistent issue throughout 2024 was the frequent collapse of the national grid, occurring no fewer than 12 times. These grid failures caused widespread blackouts across some of Nigeria’s largest cities, including Abuja, Lagos, and Kano, severely disrupting daily life and economic activities.

    The outages paralysed businesses in affected regions, resulting in staggering financial losses. Northern electricity distribution companies alone reported losses exceeding N74 billion, underscoring the urgent need for reforms in the country’s power sector.

    Prison Break in Suleja

    On the night of Wednesday, April 24, 2024, a heavy downpour flooded the Medium Security Custodial Centre in Suleja, Niger State, sparking a dramatic prison break. The flood destroyed critical sections of the facility, including its perimeter fence, enabling the escape of 118 inmates.

    Although authorities later reported recapturing some fugitives, the incident raised serious concerns about prison security and disaster preparedness in Nigeria. The escape dominated the news for weeks, with many calling for urgent reforms in the country’s correctional system.

    Flooding in Northern Nigeria/Alau Dam Collapse

    A major humanitarian disaster in 2024 was the collapse of the Alau Dam in Borno State. On September 10, the dam’s embankment gave way, releasing an overwhelming 112 billion litres of water into low-lying areas in the Maiduguri metropolis and Jere Local Government Area.

    The resulting flood submerged entire towns and villages, displacing over one million people and affecting 414,000 residents. The catastrophe left hundreds homeless, prompting widespread sympathy and a swift response. Business tycoons and state governors donated over N13 billion to aid flood victims, highlighting the disaster’s devastating impact.

    Ondo and Edo Governorship Elections

    The off-cycle governorship elections in Ondo and Edo States were among the year’s most significant political events. In both contests, the Independent National Electoral Commission declared candidates from the All Progressives Congress—Lucky Aiyedatiwa in Ondo and Monday Okpebholo in Edo—as winners.

    In Ondo, Aiyedatiwa secured 366,781 votes, defeating the Peoples Democratic Party candidate, Agboola Ajayi, who polled 117,845 votes. Similarly, in Edo, Okpebholo garnered 291,667 votes to beat PDP’s Asue Ighodalo, who received 247,274 votes.

    However, the opposition rejected the results, citing allegations of widespread electoral fraud. Both cases are now before election petition tribunals, with hearings expected to gain momentum in the early part of 2025.

    #EndBadGovernance protest

    One of the most defining events of the outgoing year was the eruption of the #EndBadGovernance protests, also known as #EndBadGovernanceInNigeria. Between August 1 and 10, thousands of young Nigerians, frustrated by the soaring cost of living, took to the streets in mass demonstrations across all six geopolitical zones of the country.

    The protests quickly became a focal point in national discourse as they were met with brutal repression. Scores of protesters were killed, and over 1,000 were arrested across major protest grounds in cities such as Abuja, Lagos, Niger, Kano, Kaduna, and Katsina. These demonstrations marked one of the most significant political movements of the year.

    Detention of minors over protest

    A controversial event that dominated political discourse this year was the arraignment of at least 76 detained #EndBadGovernance protesters at the Federal High Court in Abuja. They faced ten counts of charges related to alleged treason and conspiracy to destabilise Nigeria, contrary to sections 96 and 97 of the Penal Code Act.

    Among those detained were 32 minors, aged between 14 and 17. Their court arraignment sparked nationwide outrage, especially when national television broadcasts showed clips of the minors, appearing malnourished and sickly, writhing in pain on the floor of the courtroom. Four of the minors collapsed before proceedings began, further igniting public anger. Amid growing controversy, the court eventually granted the minors bail at N10m each, with stringent conditions.

    The Arewa Consultative Forum condemned the Federal Government for its treatment of the minors, calling the trial a blatant attempt to intimidate citizens and stifle their constitutional rights to protest and voice grievances.

    Rise in killings, kidnappings, and terror attacks

    Year 2024 saw a chilling rise in cases of kidnappings, banditry, killings, and terror attacks across Nigeria, making it one of the deadliest years in recent memory. From mass kidnappings to village assaults, the year was marked by shocking brutality.

    High-profile kidnappings included the abduction of at least 61 people from Kajuru village in Kaduna State by bandits disguised in military uniforms on March 12, and the kidnapping of 80 people, mostly women and children, by bandits in Zamfara State on April 19.

    In a particularly brutal attack on May 24, suspected Boko Haram militants abducted 160 people in Kuchi village, Niger State, while at least 100 more were kidnapped in Maidabino village, Katsina State, on June 22.

    The year also witnessed some of the most horrific fatal attacks.

    Bandits killed 40 people during an assault on Zurak village, Plateau State, on May 24. On the same day, Boko Haram terrorists killed 10 people in Kuchi village. A few weeks later, on June 10, unknown gunmen killed at least 50 residents of Yargoje village in Katsina State.

    The killing spree reached a devastating peak on March 14, when 17 Nigerian Army officers were massacred during a peace-keeping mission in Okuama, Delta State. Among the fallen were the Commanding Officer of the 181 Amphibious Battalion, Lt Col Ah Ali, and several other military personnel.

    Students were also not spared, as the year saw numerous abductions. Nine students from the Confluence University of Science and Technology in Osara, Kogi State, were abducted on May 10, and 20 medical and dental students were taken from Otukpo, Benue State, on August 15.

    Northern Nigeria, especially Borno and Zamfara States, endured a wave of bombings that left over 18 people dead and more than 30 injured in different explosions.

    In response, the military launched major counter-terrorism operations. On May 21, Nigerian troops rescued 350 Boko Haram hostages, primarily women and children, from the Sambisa Forest in Borno State. Additionally, 974 terrorists were killed, 466 hostages were freed, and 1,157 terrorists from Boko Haram and ISWAP surrendered in February.

    Spiking inflation, naira devaluation, and CBN interest rate hikes

    A persistent trend throughout the outgoing year was the alarming spike in both nominal and food inflation, which stood at 34.60 per cent and 39.93 per cent respectively in November.

    The surge in inflation was largely driven by the soaring cost of food, which placed an immense strain on Nigerian households across the country.

    Similarly, the Naira endured frequent devaluations, becoming the third most devalued currency in Sub-Saharan Africa in 2024. According to the Dataviz Economic Explorer, from November 2023 to November 2024, the naira depreciated by a staggering 51.79 per cent against the US dollar, based on the official exchange rate.

    This devaluation significantly increased Nigeria’s external debt, which rose by approximately N30.03 trillion from 2023 to June 2024 when evaluated in Naira terms.

    In response to this economic turmoil and to combat the mounting inflation, the Central Bank of Nigeria raised the interest rate six times throughout the year, eventually placing it at 27.25 per cent. This represented a cumulative increase of 875 basis points by November.

    National Anthem Change

    On May 29, Tinubu signed into law a controversial change to Nigeria’s national anthem, returning to the old version titled “Nigeria, We Hail Thee,” which had been in use since the country’s independence in 1960. This replaced the version “Arise, O Compatriots,” which had been adopted in 1978.

    The decision to revert to the old anthem sparked mixed reactions across the country, particularly due to the swift pace at which the legislation was debated and passed by the National Assembly. The lawmakers’ performance further fueled public debate when they sang the chorus “On your mandate we shall stand” in unison before the president in the Red Chamber, intensifying perceptions of their rubber-stamp nature.

    Bobrisky and Simon Ekpa’s detention

    One of the year’s most talked-about stories centred on the imprisonment of controversial social media personality and cross-dresser, Idris Okuneye, popularly known as Bobrisky, as well as pro-Biafran activist, Simon Ekpa.

    Bobrisky’s trouble began on April 3, 2024, when he was arrested and detained by the Lagos Command of the Economic and Financial Crimes Commission. He faced accusations of mutilating naira notes worth N490,000 and engaging in money laundering.

    This arrest followed the viral circulation of a video showing Bobrisky spraying naira notes at the premiere of the movie Ajakaju at Film One Circle Mall in Lekki, Lagos, on March 24, 2024.

    After being arraigned on six counts at the Federal High Court in Lagos, Bobrisky was sentenced to six months in prison without the option of a fine for abuse of the naira.

    However, his imprisonment became even more controversial when, upon his release on August 5, he appeared at a celebratory party just hours after walking out of jail. Many Nigerians were shocked to see him looking more radiant than ever, sparking suspicions about whether he had truly served his time in a custodial facility.

    This episode spiralled into heated exchanges involving Bobrisky, social media activist Martins Otse (also known as VeryDarkMan), the EFCC, and renowned lawyer Femi Falana over allegations of unpaid debts. This saga remained one of the year’s most divisive topics.

    In another high-profile case, Simon Ekpa was arrested on November 21 in Finland, alongside four others, on charges related to terrorism, including inciting violence and financing terrorism.

    According to Finnish media outlet Yle, Ekpa was remanded in custody by the Päijät-Häme District Court, facing charges of incitement to commit crimes with terrorist intent. He was accused of orchestrating violent actions in Nigeria’s South-East region through social media from Finland.

    The Federal Government sought Ekpa’s extradition to Nigeria, but the Finnish District Court has set May 2025 for the hearing of his case.

    Dele Farotimi and Afe Babalola saga

    The dramatic feud between elder statesman Chief Afe Babalola and civil rights activist Mr Dele Farotimi dominated national discourse in the outgoing year. Babalola took Farotimi to court in both the Federal High Court in Ekiti State and the Ekiti State Magistrate Court, accusing him of defamation and cyberbullying. The revered legal icon claimed that Farotimi had besmirched his character in his book Nigeria’s Criminal Justice System.

    The case sparked widespread public outrage, with many questioning why Farotimi was being prosecuted in Ekiti, rather than Lagos, where he resides. The Ekiti Magistrate Court eventually granted Farotimi bail in the sum of N30m, with two sureties, but the controversy surrounding the trial continued to fuel heated debates across the nation.

    Fatal stampedes

    In just four days, a series of tragic stampedes across Nigeria claimed the lives of at least 70 people in Ibadan (Oyo State), Okija (Anambra), and Abuja. These fatal incidents sparked political outrage, with opposition parties accusing the current administration of failing its citizens. They described the stampedes as glaring signs of leadership failures and widespread poverty, drawing further attention to the nation’s deepening socio-economic crisis.

    Labour Unions Strike

    In June, the leadership of the Nigerian Labour Congress and the Trade Union Congress (TUC) declared a nationwide strike due to the government’s failure to raise the federal minimum wage following an increase in electricity tariffs. The unions demanded an increase in the national minimum wage from 30,000 naira to 494,000 naira, but the presidency dismissed these demands as “unreasonable.”

    The strike dominated national discourse for weeks, plunging the country into darkness as union workers shut down the national grid and the nation’s power supply, according to the Transmission Company of Nigeria. However, after a prolonged battle, both the labour leadership and the Federal Government reached an agreement on a N70,000 national minimum wage.

    Opposition Verbal War with APC Over 2027 Presidency

    Another major issue in the outgoing year was the series of verbal clashes between the All Progressives Congress and opposition parties, particularly the Peoples Democratic Party, regarding the 2027 presidency.

    The verbal war began when the Secretary to the Government of the Federation, Dr. George Akume, declared that there would be no vacancy in the presidential villa in 2027, claiming that the current administration had exceeded expectations.

    In response, the PDP and prominent Northern politicians, such as former Vice President Atiku Abubakar, condemned Akume’s assertion, arguing that the poor performance of President Tinubu’s administration would lead to its ousting in the next presidential election.

    Miss Universe Nigeria

    In August, Chidimma Adetshina, who represented Taraba State, was crowned Miss Universe Nigeria 2024. Her journey to the title was considered remarkable by many Nigerians, reflecting resilience and grace, reminiscent of the Miss Universe South Africa incident, where she was disqualified. While she will be representing Nigeria on the global stage in Mexico, her victory was undoubtedly one of the most talked-about events of the outgoing year.

  • Woman shocks internet, promises divorce if husband conducts DNA test on their newborn baby

    Woman shocks internet, promises divorce if husband conducts DNA test on their newborn baby

    Nigerian woman has sparked a heated debate online with her controversial statement, declaring she would divorce her husband if he conducted a DNA test on their child immediately after delivery.

    The lady shared her views on the social media platform X, formerly known as Twitter, in response to a man’s post detailing how he performed a DNA test on his daughter shortly after her birth.

    Woman shocks internet, promises divorce if husband conducts DNA test on their newborn baby
    Woman vows to divorce if husband conducts DNA test on newborn.

    Quoting the post, she expressed strong opinions on trust and the foundation of relationships.

    According to her, relationships should be rooted in trust, and she would never tolerate being with a man who felt the need to confirm paternity immediately after childbirth.

    Her statement read: “If I find out my husband did a DNA test after I just pushed a baby out, I’m leaving the hospital with my child and serving divorce papers.”

    She went on to address the argument about baby swapping in hospitals: “And for those saying babies are swapped at hospitals, yes, we know that. But before running the test, you should inform your wife.Doing such a test secretly only translates to accusing her of infidelity.”

    The lady further explained that suspicion in a relationship should be a dealbreaker:

    “If you feel suspicious about your wife cheating on you, just leave. Don’t inflict pain on yourself for life. You can’t be walking on eggshells with your life partner. If your immediate instinct is to run a DNA test after your wife just gave birth, then you shouldn’t be married to that person at all.”

    Finally, she added: “Whether you like it or not, you’d continue doubting that person for the rest of your life. God forbid I’m with a man who thinks I’d be so wicked as to let him father another man’s child.”

    Her post has since garnered mixed reactions, with some agreeing with her stance on trust while others argued the importance of paternity testing for peace of mind.

    See some reactions below:

    @amzee_stores: “yeah it’s weird, cause why are you doing that immediately your wife just gave birth? but what do you think is a better approach to things like this ?”

    @Opluisteren: “If the baby was taken away from you for a certain time, I think it’s ok cause babies can be switched at birth accidentally or on purpose.”

    @Themba_Wolfie: “Understandably so, I wouldn’t blame you. But after seeing our brothers, cousins, friends, and neighbors raising kids that aren’t their own. Ngeke, that DNA test needs to be done. If it means you leaving, then so be it. As long as we co-parent great.”

    @ShianthiEstrada: “Idk why men are crying on your mentions. I agree that they have all the right to make the paternaty test but you also have all the right to leave if you dont feel respected. If they think their wife are unfaithful, what are you doing with them?”

  • Man shares success story after 1 year in Lagos

    Man shares success story after 1 year in Lagos

    "Leave your comfort zone" - Man shares success story after 1 year in Lagos
    Screenshot

    A young Nigerian man shares an inspiring story on how relocating from his comfort zone in Awka Anambra state to Lagos made him successful after a year.

    In a video, @paschal_mbaka on TikTok detailed how he made the bold decision to leave his comfort zone a year ago with just N300,000 in savings.

    Paschal acknowledged that his journey would have been significantly tougher without the support of his cousin. He noted that while his savings were enough to survive initially, accommodation costs in Lagos could have made the experience much harder.

    Reflecting on the challenges he faced, Paschal shared:

    “If you don’t leave that small town you grew up in or went to university, you might never succeed. A year ago I was in Awka; I didnt have much going for me. My copywriting business wasn’t going well for me.

    “I sold everything; with 300 or 400K in my account, I moved in with my cousin in Lagos and started grinding like mad for one year. I found myself here today with a car, house, stable income and multiple clients,” he added.

    Paschal used his story to encourage others to step out of their comfort zones, emphasizing the importance of resilience and leveraging skills to achieve success.