News – Page 39 – Democracy Radio

LONG QUEUES RETURNS TO PETROL STATIONS ACROSS NIGERIA, AS REPORT EMERGES OF NNPCL’S STRUGGLES TO PAY $6 BILLION PETROL PAYMENT BACKLOG.

Long queues are gradually returning to petrol stations across Nigeria, raising fresh concerns about shortages as the Nigerian National Petroleum Company Ltd (NNPCL) struggles with a staggering $6 billion petrol payment backlog. Reports say the NNPCL owes around $6 billion to international traders for imported petrol as traders said the state-owned company is taking more days to make payment instead of within 90 days. It quoted Reuters as saying that NNPC’s mounting debt, which includes overdue payments exceeding $4 billion-$5 […]

July 5, 2024 12

General

HOUSE OF REPRESENTATIVES LAUNCH PROBE INTO ALLEGED N1.5 BILLION DIVERSION OF CONTRACT FUNDS AT FEDERAL MINISTRY OF WOMEN AFFAIRS.

The House of Representatives has launched a probe into the N1.5 billion meant for the payment of contractors, but allegedly diverted by principal officers of the Federal ministry of women affairs. The House Committee on Women Affairs commenced the probe in Abuja against the backdrop of petitions by contractors over non-payment of contracts executed. Chairman of the committee, Representative Kafilat Ogbara, said the ministry initiated new contracts not captured in the 2023 budget and diverted N1.5 billion being funds for […]

July 5, 2024 15

General

THE SPEAKER OF THE HOUSE OF REPRESENTATIVES CONGRATULATES PRESIDENT BOLA TINUBU, ON HIS RE-ELECTION AS THE ECOWAS CHAIRMAN

The Speaker of the House of Representatives, Abbas Tajudeen, has congratulated President Bola Tinubu, on his re-election as the chairman of the Economic Community of West African States (ECOWAS). President Tinubu, who was first elected as ECOWAS chairman on July 9, 2023, got re-elected during the 65th Ordinary Session of the ECOWAS Authority of Heads of State and Government at the Presidential Villa in Abuja on Sunday. Speaker Abbas said President Tinubu’s re-election into the ECOWAS chairmanship was a testament […]

July 4, 2024 8

Featured

RUSSIA STRIKE KILLS 31 IN UKRAINE CHILDREN'S HOSPITAL

A children hospital has been seriously damaged in Kyiv by an early Monday morning barrage of Russian strikes on Ukraine. At least 31 people have been killed across the country, including 17 in Kyiv, during the rare daytime attack A doctor at the Ohmatdyt Children Hospital, Ukraine's biggest paediatrics facility told the BBC the moment the missile struck was "like in a film" with a "big light, then an awful sound" Ukrainian President Volodymyr Zelensky, who is visiting Poland where […]

July 4, 2024 4

General

PRO-WIKE RIVERS STATE HOUSE OF ASSEMBLY GIVES GOVERNOR 7 DAYS TO RE-PRESENT 2024 BUDGET

The Rivers State House of Assembly led by Martin Amaewhule has issued a 7-day ultimatum to Governor Siminalayi Fubara to re-present the 2024 budget to the House. The order follows the first sitting of the pro-Wike House on Monday after some months. The other House led by Victor Oko-Jumbo also held a parallel sitting. Fubara had earlier presented the budget to the House loyal to him when his current Chief of Staff Edison Ehie presided as the Speaker. Ehie and […]

July 4, 2024 8

Business

NIGERIAN NATIONAL PETROLEUM COMPANY LIMITED DECLARES STATE OF EMERGENCY ON CRUDE OIL PRODUCTION.

The Nigerian National Petroleum Company Limited says it has declared a state of emergency on crude oil production, adding that the move is geared towards increasing Nigeria’s oil production and growing its reserves. Group Chief Executive Officer of NNPCL, Mele Kyari, disclosed this in a keynote address at the opening of the 23rd edition of the Nigeria Oil and Gas Conference and Exhibition Week in Abuja, on Tuesday. According to Kyari, the NNPCL declared war on the challenges affecting crude […]

July 3, 2024 59

Uncategorized

HOUSE COMMITTEE INITIATES REVIEW TO ENHANCE EFFICIENCY OF GOVERNMENT AGENCIES

The House of Representatives says the aim of its Special Ad-Hoc Committee on Restructuring of Government Agencies and Commissions is to enhance efficiency of government agencies while meeting current day realities. Chairman of the Special Ad-Hoc Committee, Ibrahim Isiaka, who disclosed this on Tuesday, said the committee has commenced the process of reviewing the recommendations of the Steve Oronsanye Report and other white papers. The lawmaker and members of his committee who spoke in a press conference in Abuja, reassured […]

July 3, 2024 54

Uncategorized

CENTRAL BANK OF NIGERIA WARNS BANKS AGAINST CONTINUED REJECTION OF OLD SERIES AND LOWER DENOMINATIONS OF THE UNITED STATES DOLLAR.

The Central Bank of Nigeria has warned against the continued rejection of old series and lower denominations of the United States dollars by its regulated entities in Nigeria. The apex bank threatened to sanction lenders that rejected the currencies. This was contained in a circular dated June 27, signed by the acting director of the currency operations department, Solaja Olayemi. The circular directed at Deposit Money Banks, Bureau De Change operators and the general public cautioned against the continued rejection […]

July 3, 2024 23

Featured

SIERRA LEONE INTRODUCES NEW LAW BANNING CHILD MARRIAGE.

Sierra Leone has introduced a new law banning child marriage with much fanfare at a ceremony organized by First Lady Fatima Bio in the capital, Freetown. Invited guests, including first ladies from Cape Verde and Namibia, watched as her husband President Julius Maada Bio signed the Prohibition of Child Marriage Act into law. Anybody now involved in the marriage of a girl aged under the age of 18 will be jailed for at least 15 years or fined around $4,000 […]

July 3, 2024 53