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Good morning! Here Are Some Major News Headlines In The Newspapers Today: NNPCL supported Dangote refinery establishment with $1bn loan – Official

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1. The Nigerian National Petroleum Company Limited has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the firm facilitated the $3bn Gazelle loan as a critical intervention to help stabilise the federation’s foreign exchange crisis.

 

2. The Federal Government on Monday announced the renaming of the University of Abuja to Yakubu Gowon University. Minister of Information and National Orientation, Mohammed Idris announced the name change shortly after the last Federal Executive Council meeting for the year 2024, chaired by President Bola Tinubu.

 

3. It was announced on Monday that President Bola Tinubu has postponed Tuesday’s scheduled 2025 national budget presentation to both houses of the National Assembly. The presentation has been shifted to Wednesday, 18th December, 2024.

 

4. Nigeria’s inflation rate has increased to 34.60 percent in November due to the economic hardship bedeviling the nation. Nigeria’s inflation rate for the month of November 2024 rose to 34.60 percent from 33.88 percent in October, indicating worsening hardship for Nigerians. This is according to the National Bureau of Statistics latest Consumer Price Index and Inflation for November.

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5. President Bola Tinubu’s government has announced a free train ride for any Nigerian wishing to travel to celebrate the Christmas festivities with their loved ones. Minister of Information and National Orientation, Mohammed Idris made the disclosure on Monday, while briefing State House Correspondents on the outcome of the Federal Executive Council meeting

 

6. The Chief of Defence Staff, CDS, General Christopher Musa, has ordered a thorough investigation into the deaths of two Okuama community leaders, Pa James Oghoroko and Denis Okugbaye, while in Army custody. The Director, Defence Information, Brig.-Gen. Tukur Gusau, disclosed this at the End-of-Year Briefing by the Strategic Communications Interagency Committee, SCIPC, Office of the National Security Adviser, ONSA, on Monday in Abuja.

 

7. Shell Petroleum Development Company of Nigeria, SPDC, on Monday said the reported oil leak from the Bonny Oil Export Terminal will not affect oil export. SPDC noted that the incident affected only a section at one out of the three loading buoys which had been isolated.

See also  BREAKING: Dangote refinery reduces petrol prices nationwide

 

8. At least one person has been confirmed dead following a tragic collision involving a J5 Ford bus and a Mercedes truck on the Lagos Third Mainland Bridge. It was gathered that the accident which occurred at Ilubirin, inward Sura on Monday morning, also left about four persons injured.

 

9. The Supreme Court on Monday in Abuja imposed a N5m fine on a former presidential candidate, Chief Ambrose Albert Owuru for harassing President Bola Ahmed Tinubu with frivolous and vexatious suit. Justice Uwani Musa Aba-Aji issued the order against the Owuru, who contested the 2019 presidential election under the platform of Hope Democratic Party HDP while dismissing his fresh suit that prayed for removal of Tinubu.

 

10. The Economic and Financial Crimes Commission, EFCC, says its operatives recently apprehended a total number of 792 suspects over cryptocurrency investment fraud, romance scam and other related offences. Wilson Uwujaren, Director of Public Affairs of the anti-graft agency made this known while briefing journalists in Lagos on Monday.

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UK unveils programme for Tinubu’s state visit

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The United Kingdom government has unveiled the programme for the state visit of President Bola Tinubu, scheduled to take place from March 17 to 19. 

According to the itinerary, the visit will be hosted at Windsor Castle and will include bilateral meetings, ceremonial events and engagements with members of the Nigerian diaspora.

Preparations for the visit are scheduled for March 17, with security sweeps, road closures and procession rehearsals taking place ahead of the president’s arrival.

Tinubu will officially arrive the UK on March 18 and will be received by Prince William and Catherine, Princess of Wales.

A ceremonial welcome will follow on Datchet road, including the playing of national anthems and a guard inspection.

The president will then proceed in a carriage procession to Windsor Castle, where he will be received by King Charles III and Queen Camilla.

The schedule also includes a formal reception, a 21-gun salute and a state luncheon at St George’s Hall.

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Later in the day, Tinubu is expected to hold bilateral meetings with UK officials focusing on trade, security, migration and port development.

The day will conclude with a cultural exchange event showcasing Nigerian artefacts, followed by a state banquet hosted at Windsor Castle.

On March 19, the Nigerian president will hold a private breakfast with the king and queen before departing for London.

While in London, Tinubu is expected to lay a wreath at the The Cenotaph in Westminster.

He will also meet with Keir Starmer, UK prime minister, at 10 Downing Street, for bilateral discussions and a woking lunch.

Other engagements include a meeting with members of the Nigerian diaspora and the signing of bilateral agreements at Buckingham Palace.

The visit will conclude with Tinubu’s departure from RAF Northolt for Nigeria.

The trip marks Nigeria’s first full state visit to the UK in 57 years.

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Four dead, many injured as truck runs into fully-loaded commercial bus in Lagos

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Four passengers have died while many others are seriously injured following a road accident involving a truck and a commercial mini bus along the Lekki–Epe expressway.

The Lagos State Traffic Management Authority (LASTMA) said the accident occurred “over the weekend” opposite Beechwood in Shapati, inward Ajah.

In a statement issued by Adebayo Taofiq, spokesperson of the agency, the traffic agency said the crash involved a HOWO truck with registration number KNN 313 YL and a Suzuki commercial mini bus popularly known as ‘korope’.

According to the agency, preliminary findings indicated that the driver of the truck lost control of the vehicle which then veered across the road, crashing into the oncoming commercial bus conveying passengers.

LASTMA said the impact of the collision killed four male passengers instantly, while four other occupants — two males and two females — sustained severe injuries after getting trapped in the wreckage.

The agency said its personnel arrived at the scene promptly and rescued the injured victims from the mangled vehicle with the support of other emergency responders and passersby.

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The injured passengers were taken to Hamon Royal Hospital for medical treatment, while the bodies of the deceased were deposited at the Shency Hospital morgue by an ambulance belonging to the Federal Road Safety Corps.

Officers of the Nigeria police force attached to the Elemoro police division also secured the accident scene and managed traffic during the rescue operation.

LASTMA added that the driver of the truck and his motorboy fled the scene after the crash.

Olalekan Bakare-Oki, general manager of LASTMA, expressed condolences to the families of the victims and wished the injured speedy recovery.

He also urged motorists, particularly drivers of articulated vehicles, to adhere to traffic safety regulations and exercise caution to prevent road accidents.

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ADC faction fixes April 3 for national convention

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A faction of the African Democratic Congress (ADC) has announced April 3 to 5 as the date for the election of new members of the national working committee (NWC).

In a statement issued on Sunday, the ADC faction said party executives at the ward, LGA, state, and national congresses will be elected through consensus.

In a timetable outlining activities leading up to the national convention, the party said ward congresses will take place on March 19, followed by LGA congresses on March 24, and state congresses on March 28.

The group said the decision was taken to promote unity, inclusivity, and internal cohesion.

“This decision is taken in accordance with the party’s constitution and the Electoral Act 2026 (as amended), in furtherance of its commitment to promoting unity, cohesion, and inclusiveness within the party,” the statement reads.

“The BOT/NWC believes that the consensus approach will foster greater cooperation, understanding, and collective leadership, ultimately strengthening the party’s ability to achieve its goals and objectives.”

The ADC faction also announced the commencement of a membership registration exercise for new members, which will run from March 14 to 25.

The party said new members are expected to register at their respective ward offices and obtain membership cards through the party’s continuous membership registration committee (CMRC).

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“This exercise is strictly for new members; existing members are not required to renew their membership at this time,” the party said.

The group said issues arising from the various congresses would be addressed accordingly, with petitions from the national convention expected to be resolved between April 6 and 10.

The party faction distanced itself from the ongoing electronic membership mobilisation, registration, and revalidation exercise being conducted by the ADC coalition led by David Mark

The group said the exercise does not follow the procedures outlined in the party’s constitution, adding that the official online membership registration portal would be released later through the party’s authorised channels.

The statement was jointly signed by Nafi’u Bala, the factional national chairman, and Rufus Ikanmi, secretary of the board of trustees (BOT).

The ADC coalition, led by Mark, had earlier  scheduled April 14 for the election of the party’s national officers. 

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