Author: Moyosore Rokosu

President Bola Tinubu has formally inaugurated the board and management of the Nigerian National Petroleum Company Limited (NNPCL), seven weeks after their appointment on April 2, 2025. The brief swearing-in ceremony took place on Thursday afternoon at the Presidential Villa, Aso Rock, Abuja. Among those inaugurated were the non-executive chairman, Ahmadu Kida, and the Group Chief Executive Officer, Bashir Ojulari. Following the ceremony, President Tinubu proceeded to the All Progressives Congress (APC) National Summit held at the State House Banquet Hall. The newly inaugurated 11-member board comprises regional representatives and industry experts. Members include Adedapo Segun and Bello Rabiu (North…

Deyemi Okanlawon, a Nollywood star, has commented on the Economic and Financial Crimes Commission’s ongoing efforts to curb naira abuse. The movie actor acknowledged the significance of the EFCC’s action while questioning its focus, particularly in light of Nigeria’s ongoing battles with high-level corruption, in an interview with Nollywood On Radio. “Two things, I think that because something is cultural does not make it right. We have a culture that does not really emphasise on maintenance of things,” Deyemi Okanlawon said. Comparing the treatment of the naira to the general societal neglect for preservation, he said: “We have seen how…

Over 52,000 Nigerians migrated to the United Kingdom in 2024, according to new data from the UK Office for National Statistics (ONS), placing Nigeria among the leading sources of non-EU+ migration to the UK that year. The movement took place in the midst of a dramatic drop in net migration overall, which dropped by about 50% in the year that ended in December 2024. The predicted net migration was 431,000, a considerable decrease from the 860,000 recorded the year before. Of the Nigerians who relocated, the majority did so for employment or educational opportunities. Specifically, 27,000 individuals received work-related visas,…

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has supported 531 NYSC members with financial grants and business starter packs, demonstrating its dedication to youth empowerment and national growth. Each recipient was given a ₦531,000 stipend in addition to tools and equipment designed to help them start their own businesses. At an event in Abuja on Thursday, the project was publicly introduced. Mr. Roland Ewubare, the Group Chief Operating Officer of NNPC Ltd., delivered the items on behalf of Mr. Bayo Ojulari, the Group Chief Executive Officer. Speaking at the event, Ojulari described the programme as a strategic investment in…

Dangote Petroleum Refinery has reduced the pump price of Premium Motor Spirit (petrol) across the country, with prices now set between ₦875 and ₦905 per litre, depending on the location. An official notification issued on the refinery’s social media sites on Thursday announced the revised price structure, which represents a ₦15 reduction across all locations and linked retail outlets. All of the main gasoline marketers who work with the refinery, such as MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy, are affected by the price change. Previously, petrol retailed at ₦890 per litre in Lagos and up to…

Bruno Fernandes has indicated that he is open to leaving Manchester United if the club believes his departure would benefit their financial and sporting restructuring, especially in the wake of their disappointing Europa League final defeat. Brennan Johnson’s game-winning goal helped Manchester United lose 1-0 to Tottenham Hotspur in the Europa League final in Bilbao on Wednesday, marking yet another low point in the team’s season. The outcome increased the strain on the coaching staff and club hierarchy, casting doubt on the future of numerous important individuals, including Fernandes. The Portuguese playmaker, who has captained United during a turbulent campaign,…

Let’s be honest — seeing a low JAMB score can be devastating. This year, many Nigerian students were left shocked and disappointed when their results didn’t meet expectations, with JAMB later blaming technical glitches. Although a retake was announced for affected candidates, not everyone has the strength — mentally or emotionally — to go through that stress again. Maybe this was your second, third, or even fourth time writing JAMB. Maybe you’re feeling frustrated, lost, or like you’re not good enough. But let’s clear one thing up: failing JAMB is not the end of your journey. It doesn’t mean you’re…

The Central Bank of Nigeria (CBN) has introduced a draft regulatory framework designed to enhance the country’s anti-money laundering (AML) efforts by incorporating artificial intelligence (AI) and machine learning (ML) technologies. In a circular dated May 20, 2025, and directed to all regulated financial institutions, the CBN stated that the proposed guidelines are a response to the rapid digitalisation of the financial sector and the increasing complexity of financial transactions. The document, which is referred to as BSD/DIR/CON/AML/018/033, describes the minimal prerequisites for automated, intelligent AML systems. The new guidelines, according to the central bank, are intended to increase operational…

The Lagos State Government has disclosed that fire incidents across the state in 2024 led to the destruction of properties valued at approximately ₦19.52 billion. This was revealed by the Commissioner for Special Duties and Inter-Governmental Relations, Olugbenga Oyerinde, on Wednesday during a ministerial press briefing held in commemoration of the second anniversary of Governor Babajide Sanwo-Olu’s second term. Oyerinde said that 91 people were killed and 450 people were saved by emergency personnel from fire accidents. He went on to say that timely actions prevented the destruction of property worth over ₦117.12 billion. Highlighting the state’s efforts to improve…

The family of Nollywood actress and plus-size model Monalisa Stephen has announced that her burial will take place today, Thursday, May 22, 2025. On Tuesday, May 20, 2025, a poster announcing the funeral plans was posted on her verified Instagram profile. The final ceremonies were set for the morning, and a private burial was planned for the afternoon. Monalisa sadly passed away after a battle with low blood sugar and subsequent internal bleeding and the tragic news was announced by the Chief Executive Officer of Best of Nollywood (BON), Seun Oloketuyi, May 14, 2025, via an Instagram post. “We lay…