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Fire-Outbreaks: Oyo Central Senator Dr Akintunde Sympathizes with Victims in Oluyole and Ona Ara LGAs, Appeals To NEMA For Relief Materials To Victims  In a devastating turn of events, fire outbreaks occurred at Amuloko Market in Ona Ara LGA and Ire Akari Estate area in Soka Oluyole LGA, leaving behind destruction and despair. However, amidst the chaos, the Senator representing Oyo Central Senatorial District, Dr. Yunus Akintunde has expressed his sympathy and support for the affected communities. The fire outbreaks at Amuloko Market and Ire Akari Estate area have caused significant damage to properties and disrupted the lives of the residents. The flames engulfed buildings, leaving behind charred remains and a sense of loss. The exact cause of the fires is still under investigation, but the devastating impact on the affected individuals and businesses is undeniable. This is contained in a press release made available by Kunle Olatunji, the Special Assistant to Senator Akintunde on...

S'Court Affirms 5years Jail Term For Ex-lawmaker, Lawan Over #3m Bribery Saga The apex court, in a unanimous decision by a five-member panel, dismissed as lacking in merit, an appeal the former lawmaker, who has been in prison custody since 2021, filed to challenge his conviction. Lawan had among other things, contended that he was not allowed to make a plea of allocutus (plea for leniency) by the trial court before it jailed him. However, in its lead judgement that was prepared by Justice Inyang Okoro but read on Friday by Justice Tijjani Abubakar, the Supreme Court said it was “crystal clear that failure of the trial court to call for allocution, did not vitiate the sentence passed on the Appellant.” It will be recalled that a High Court of the Federal Capital Territory sitting at Apo had on June 22, 2021, sentenced the former lawmaker to seven years in prison. Trial Justice Angela Otaluka, found the four-term lawmaker for Bagwai/Shanono Federal Constituency of Kano State, guilty...

Fuel Price Is Coming Down-CBN The pump prices of Premium Motor Spirit (PMS) petrol will moderate this year as government and private-owned refineries begin operation, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso has said. Cardoso spoke on Wednesday, January 24, 2024 at the launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report in Lagos. He said the expected stabilisation or reduction in fuel costs is poised to have far-reaching implications across various sectors, contributing significantly to overall economic efficiency and resilience. While Dangote Refinery has already commenced production, the Port Harcourt Refinery is expected to begin production anytime from now. Cardoso said the apex bank, the Ministry of Finance and the NNPCL have collaborated to ensure that all FX inflows are returned to the Central Bank to boost reserves accretion. He described the naira, which exchanges around N1,370 to the dollar at the parallel market as undervalued...