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The Nigerian National Petroleum Company Limited says security operatives uncovered 218 incidents of oil theft in the Niger Delta region between 7 and 13 September. Also, the state-owned oil firm revealed that 31 persons were arrested in connection to oil theft in the period under review. This was made known in a visual report by the NNPC. The company noted that in Rivers State, four illegal pipelines said to be cleverly hidden and connected to a crude oil line were exposed. “Between September 7 and 13, 2024, a total of 218 incidences were recorded across several locations in the Niger…

The Secretary General of the Organisation of Petroleum Exporting Countries, Haitham Al Ghais, has blamed tax imposition by major oil-consuming countries, not oil prices as the primary driver of fuel costs. He disclosed this in a recent statement. His comments come as Nigeria experienced several petrol pump price hikes in the last one year. The latest was on Monday when the Nigerian National Petroleum Company Limited announced an additional pump price hike in its retail outlets between N950 per liter and N1,019.22. Speaking on the factors responsible for fuel price hikes, Al Ghais explained that the prices paid by consumers…

The National Pension Commission said that pension fund assets under the contributory Pension have risen to N20.79 trillion as of July 2024. The Acting Director General of the Commission, Omolola Oloworaran disclosed this on Wednesday at the Quarterly Consultative Forum for states and the Federal Capital Territory pension bureaus/boards/commissions in Lagos. Oloworaran also revealed that states had collectively remitted over N236.7 billion between January 2020 and the second quarter of 2024. “Pension fund assets under the CPS continue to grow, with total Assets under Management soaring to N20.79 trillion as of July 2024. “We are pleased to note the steady…

Some political parties in Enugu State on Wednesday signed the Peace Accord for the September 21 Local Government Elections in the state. The parties signed the peace accord during a “Stakeholders’ Engagement on the Enugu State 2024 Local Government Elections” organised by the ActionAid Nigeria. It was gathered that the Peoples Democratic Party (PDP), Labour Party (LP), All Progressives Congress (APC) and others were not present during the signing, while All Progressives Grand Alliance (APGA) and African Democratic Congress (ADC) declined due to absence of the ruling party at the meeting. Speaking at the event, Country Director of ActionAid Nigeria,…

Paris Saint-Germain needed a late dose of luck to beat Girona 1-0 in the UEFA Champions League on Wednesday night. The Ligue 1 champions toiled against the debutants at home for 88 minutes without finding the back of the net. However, Nuno Mendes’ low cross was fumbled into his own net by goalkeeper Paulo Gazzaniga. England Under-21 winger Jamie Gittens’ double set last year’s Champions League finalists Borussia Dortmund on their way to a 3-0 victory at Club Brugge. Serhou Guirassy scored the third from the penalty spot. Manchester City and Inter Milan played out a goalless draw at the…

Famous Nigerian comedians Basketmouth and AY Makun have officially settled their 18-year-long feud. DAILY POST recalls that the duo have been in the news over their lingering feud. However, Basketmouth, in an Instagram post on Wednesday, shared a light-hearted video of their recent interaction. The video, which signifies a major reconciliation between the comedians, captured the moment Basketmouth sought advice from AY following his discussion with actor Richard Mofe-Damijo, RMD. AY also shared the viral video on his page. Reacting to the development, many netizens, including celebrities and colleagues, have taken to the comment section to express their joy over…

Arsenal midfielder Jorginho has urged his teammates to learn from last season as they prepare to take on Atalanta in the Champions League on Thursday. Arsenal reached the Champions League quarterfinals last season under their manager Mikel Arteta. The Gunners lost 3-2 on aggregate against Bayern Munich. Speaking at his pre-match press interview, Jorginho said Arteta’s men need to learn the competition. The Italian said: “It’s different and it’s something that we need to learn. We need to learn the competition a bit more. We are getting better every day. This [Atalanta vs Arsenal] will be the first game of…

Super Eagles captain Ahmed Musa is attracting interest from Nigeria Premier Football League champions Rangers. According to reports, Rangers are weighing up a move for the former NPFL hotshot. The 31-year-old could have the chance of playing in the CAF Champions League if he links up with the Flying Antelopes. Ahmed Musa recently hinted at a possible return to the NPFL this week. The 31-year-old previously had two stints with Kano Pillars in the Nigerian top flight. Musa has been without a club since leaving Turkish Super Lig club Sivasspor early this year. NPFL: Ahmed Musa on Rangers’ radar

Rangers forward Onyekachi Okafor will miss their CAF Champions League second preliminary round reverse leg clash against Sagrada Esperanca, DAILY POST reports. Okafor has been ruled out of the game due to illness. The veteran forward didn’t make the trip with the rest of the team to Luanda on Wednesday. The Flying Antelopes contingent, which consisted of players and officials, departed the Murtala Mohammed International Airport, Lagos, on Wednesday. They are expected to arrive in Luanda on Thursday. The encounter will take place at the November 11 Stadium on Saturday. CAF Champions League: Okafor ruled out of Rangers vs Sagrada…

The Central Bank of Nigeria has fixed September 23 and 24, 2024, for its 297th Monetary Policy Committee meeting. The two-day event is scheduled for the bank’s headquarters in Abuja and is expected to roll out major monetary policies, including efforts to tackle inflation, which stood at 32.15 per cent in August. According to a statement from the apex bank on Wednesday, the meeting will focus on reviewing the country’s economic and financial conditions and determining the appropriate monetary policy direction for the short to medium term. “This is to inform you that the 297th meeting of the Monetary Policy…