Dangote Petroleum Refinery has switched to US dollar for payment for Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Aviation Turbine Kerosene (ATK). The company’s new policy, which took effect immediately, applies to both gantry and coastal product sales. Industry sources familiar with the refinery’s operations said the decision was driven by increasing foreign exchange exposure arising from the refinery’s crude procurement structure and persistent volatility in the foreign exchange market. A senior industry source said the refinery is now receiving a larger proportion of its crude oil supplies from the Nigerian National Petroleum Company Limited under dollar-denominated arrangements,…
Author: Daily News Hub
. Adeyemi urges President Tinubu to set up independent panel to investigate matter Independent Corrupt Practices and Other Related Offences Commission has begun investigations into the alleged Presidential Foreign Intervention Promotion Council scandal. This is as the man at the centre of the allegations, Adeniyi Adeyemi, urged President Bola Tinubu to set up a separate, independent panel to probe the matter. Today, police are also set to arraign Adeyemi before the Federal High Court in Abuja on a fresh charge marked FHC/ABJ/CR/562/2025. ICPC spokesman, John Odey, confirmed on Monday that the anti-graft had waded into the matter and could handle…
Prince Ademola Adeniyi, purported Director-General of the controversial Presidential Foreign Intervention Promotion Council, has expressed lack of confidence in the probe of the Independent Corrupt Practices and other related offences Commission. Adeyemi stated this just as he’s scheduled to be arraigned before the Federal High Court in Abuja, today (Tuesday). He spoke while featuring on Channels Television’s Politics Today, on Monday. He said the way forward to get to the roots of the crisis is for an independent panel to probe the matter. He said, “Government can’t probe Government. Are you telling me that the ICPC would indict Chief Femi…
Embattled Director-General of the disowned Presidential Foreign Intervention Promotion Council, Adeniyi Adeyemi, says he borrowed the N400m which he paid to secure his appointment letter, disclosing that his lenders have since petitioned the Economic and Financial Crimes Commission, demanding a refund. Adeyemi spoke on Channels Television’s Politics Today on Monday night, weeks after he accused the Chief of Staff to President Bola Tinubu, Femi Gbajabiamila, of collecting the same N400m through a proxy to facilitate the appointment. He said, “I borrowed this money. In fact, those that I borrowed this money from have reported to the EFCC. I borrowed this…
Gunmen have allegedly kidnapped the 60-year-old headmaster of Nomadic Basic School, Igbojaye, Budo Aare, in Itesiwaju Local Government Area of Oyo State, Kolawale Mathew Owoade, popularly known as Onaiye. The kidnappers have reached out to his family and have demanded a ransom of N30m for his release. The incident was said to have occurred on Saturday evening, July 11, 2026, between 5pm and 6pm. According to the victim’s son, Abiola Owoade, “The incident happened when my father was returning from his farm at Budo Aare within this local government area. “Shortly after the abduction, the kidnappers contacted the family using…
The principal of the secondary school abducted alongside teachers and pupils in Oriire Local Government Area of Oyo State, Mrs Rachael Alamu, has recounted the harrowing 56-day ordeal in captivity, revealing that children were beaten into silence, male teachers were chained and blindfolded, while the victims were repeatedly forced to embark on dangerous nighttime treks through forests to evade security operatives. Alamu spoke on Monday after she and the rescued teachers and pupils were formally handed over to Oyo State Governor Seyi Makinde at the Governor’s Office, Secretariat, Ibadan. The victims were abducted by gunmen on May 15, 2026, and…
Court of Appeal in Abuja on Monday upheld a Federal High Court judgment restraining the Independent National Electoral Commission from recognising or participating in state congresses conducted by committees appointed by the Senator David Mark-led caretaker leadership of the African Democratic Congress. The Appeal Court, in a two-to-one majority decision, dismissed the appeal marked CA/ABJ/CV/608/2026, affirming the April 29 judgment of Justice Joyce Abdulmalik, which barred the caretaker leadership from interfering with the tenure and functions of the party’s elected state executive committees. Justice Okon Abang, in the lead judgment held that there was no basis to set aside the…
The principal of Ahoro Esinle School in Oriire Local Government Area of Oyo State, Mrs Rachael Alamu, has explained why one of her first questions after regaining freedom was about her car, saying she initially believed it had been recovered by the police before learning it had been burnt by her abductors. Alamu spoke on Monday after she and the rescued teachers and pupils were formally handed over to Oyo State Governor Seyi Makinde at the Governor’s Office, Secretariat, Ibadan. Her explanation followed reactions to a remark she made shortly after regaining freedom, in which she asked about the vehicle…
Rescued principal of Community High School in Oriire Local Government Area, Mrs Rachael Alamu, on Monday, explained why the kidnappers killed two of the teachers abducted in the state. The two teachers killed were a Mathematics teacher, Mr Michael Oyedokun, who was beheaded in the kidnappers’ den and Mr Esiyan Adegboye, 49, who was shot dead during the invasion. Adegboye was buried in Ogbomoso on May 22. Alamu disclosed this known while speaking with newsmen on Monday during a reception for her, the other rescued children and teachers by Governor Seyi Makinde at the State Government House. According to her,…
Former Senate President and Chairman, Senate Committee on Defence, Ahmed Lawan, was on Monday snubbed by former First Lady and wife of late former President, Hajia Aisha Buhari, at an event put together to mark the one year remembrance of the late President in Abuja. According to a source in the know of what happened at the well attended event, ” as expected, on arrival at any event of such magnitude, invited guests would always want to exchange pleasantries with the host(s) of events, but the former Senate President met the shock of his life, as his attempt to exchange…