Author: Naija Daily News

By Deborah Nnamdi In a notable update, Dangote Petroleum Refinery has announced another cut in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol. The new rate stands at N835 per litre, down from the previous N865, reflecting a 3.5% reduction. This adjustment comes in response to a recent drop in global crude oil prices, which have fallen from over $70 to $64 per barrel in recent weeks. Earlier, the refinery had lowered its gantry price from N880 to N865 per litre, but the benefit was not passed on to consumers by oil marketers. With a processing…

By Deborah Nnamdi On Tuesday evening, suspected herdsmen launched a brutal assault on the Otobi Akpa community in Benue State, resulting in the deaths of at least 13 people, with dozens still unaccounted for and over 50 homes set ablaze. The attack began around 6:00 p.m. near the well-known Otobi junction, where more than 20 armed men, believed to be Fulani herdsmen, opened fire indiscriminately on residents. Tragically, many of the local youth vigilantes who might have resisted the attackers had traveled to Adim village to attend a burial, leaving the town vulnerable. The sound of gunfire sent residents fleeing…

…Thousands of investors defrauded as platform collapses By Douglas Maha, Abuja The Economic and Financial Crimes Commission (EFCC) has opened a major investigation into a cryptocurrency scam estimated at over ₦1.3 trillion, allegedly orchestrated through the now-defunct digital investment platform, CryptoBank Exchange (CBEX). According to the EFCC, the commission is working closely with the International Criminal Police Organisation (INTERPOL) to trace and apprehend both local and foreign suspects linked to the fraud. CBEX, reportedly operated by a group of foreign nationals alongside Nigerian collaborators, abruptly ceased operations on Monday, leaving thousands of investors locked out of their accounts. Many users…

The Minister of the Federal Capital Territory, Nyesom Wike, has stated that the suspended Governor of Rivers State, Siminalayi Fubara, has not apologised to him, making forgiveness an issue that hasn’t even begun. Speaking through his media aide, Lere Olayinka, Wike explained that forgiveness can only follow an acknowledgement of wrongdoing and a genuine request for pardon. This response comes following an appeal by Niger Delta ex-militant leader, High Chief Government Ekpemupolo, popularly known as Tompolo, who urged Wike to forgive Fubara amidst the ongoing political crisis in Rivers State. Tompolo had called for calm and unity, advising Wike to…

Photo: NBA President, Afam Osigwe There is a thin line between optics and integrity, and the Nigerian Bar Association, in its latest bewildering tango with the Rivers State Government, has gleefully somersaulted over it. Three hundred million naira. A “wilful gift.” No strings attached, we are told. This is from a state governed by constitutional chaos, where the executive and legislature now read like a script from a dystopian legal drama—except no one’s watching with popcorn anymore. We are all just tired. Let us be clear: the NBA is not a roadside trade union. It is the conscience of Nigeria’s…

By Douglas Maha, Abuja The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.578 trillion to the federal, state, and local governments as revenue generated in March 2025. This was confirmed during the committee’s April meeting held in Abuja. The figure represents a decline compared to the N1.802 trillion allocated in February 2025, marking the second consecutive month of reduced revenue distribution to the three tiers of government. According to the official communique issued after the meeting, the gross revenue available for March stood at N2.411 trillion. From this amount, N85.376 billion was deducted as the cost of…

The Rivers State Government has refuted claims by the Nigerian Bar Association (NBA) that the N300 million it received was an unconditional donation, unrelated to the hosting of the NBA’s Annual General Conference in the state. The government emphasized that it would pursue all legal avenues to recover the funds if the NBA failed to return the money voluntarily. In a statement issued by Hector Igbikiowubo, Senior Special Assistant on Media to the Rivers State Government, the administration maintained that official records indicate the N300 million was specifically allocated to support the hosting of the NBA’s Annual General Conference in…

Photo: President Bola Ahmed Tinubu Key PDP official in Delta launch campaign for Tinubu re-election By Ishemienor Uwagor with agency report Fear gripped the ruling People’s Democratic Party in Delta State and indeed, across the country following a striking statement by Prince Johnson Erijo, Chief of Staff to Governor Sheriff Oborevwori, suggesting that there is no vacancy in Aso Rock till 2031. The statement gave momentum to rumour that Governor Sheriff Oborevwori, whom Erijo said would get a second term, had concluded plans to defect to the ruling All Progressive Congress (APC). Delta and Rivers states are major financiers of…

There is growing confusion in Edo State following the alleged diversion of an undisclosed amount from Governor Monday Okpebholo, which was intended to cover the medical expenses of Umoru Abdulahi’s wife, Happiness, and their newborn daughter. The funds were meant to assist the family after they were unable to settle the bills for a Caesarean Section delivery. Happiness and her baby were held for 21 days at the University of Benin Teaching Hospital (UBTH) in Benin City due to the unpaid bills, prompting Abdulahi to appeal to the media for help. However, according to a statement released on April 12…

Angry investors stormed the CBEX office in the Oke Ado area of Ibadan, Oyo State, on Tuesday morning after the digital trading platform reportedly crashed, leaving many users with zero balances in their accounts. The incident occurred amid growing concerns over the platform’s operational integrity and the safety of users’ investments. CBEX had positioned itself as a secure and transparent platform for cryptocurrency and digital asset trading. It quickly gained popularity among Nigerians seeking alternative investment opportunities in the digital space. However, its sudden crash has cast serious doubts on the platform’s credibility, with users alleging deceptive practices and poor…