The Nigerian National Petroleum Company (NNPC) Ltd has strongly refuted claims made in a viral video suggesting that its fuel does not last. The company described the allegations as false, misleading, and lacking any scientific or professional basis.

In an official statement, NNPC Ltd dismissed the video as the product of unverified and amateur research, emphasizing that its fuel is carefully formulated to ensure efficiency, durability, and environmental sustainability.

The company further clarified that a significant portion of the Premium Motor Spirit (PMS) sold at NNPC retail stations in Lagos—where the video originated—is sourced from the Dangote Refinery. The refinery adheres to strict industry standards, ensuring the quality of petroleum products supplied to consumers.

NNPC Ltd also condemned the video as an attempt by “economic saboteurs” to mislead the public and damage the company’s reputation. It warned that legal action would be taken against individuals or groups found spreading false information about its operations.

The company urged Nigerians to disregard the misleading video and rely on verified sources for accurate information. NNPC Ltd reaffirmed its commitment to ensuring the availability, affordability, and quality of fuel in line with global industry standards.

 The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has called for stronger economic ties between Nigeria, the Middle East, and the Nigerian diaspora community in the region. His remarks came during the inaugural Economic Policy Conference for Emerging Market Economies, organized by the Saudi Arabian Ministry of Finance and the International Monetary Fund (IMF) Regional Office in Riyadh.

Speaking on the theme “Policy Challenges Amid Structural Shifts in the World Economy,” Governor Cardoso highlighted Nigeria’s ongoing economic reforms and the CBN’s unwavering commitment to macroeconomic stability. He emphasized the importance of policy consistency and long-term resilience in fostering sustainable economic growth.

A key focus of his address was the role of digitalization in expanding financial inclusion across Nigeria. He underscored the impact of mobile money services and tech-driven financial solutions in reaching underserved communities, particularly women. “Digitalization is key to Nigeria’s financial inclusion efforts,” Cardoso stated, reaffirming the CBN’s strategy to leverage technology for broader economic participation.

Furthermore, the CBN Governor reaffirmed the bank’s recapitalization mandate, noting that the initiative is strengthening Nigeria’s financial sector and ensuring that banks are well-equipped to withstand future economic shocks.

Despite global economic uncertainties, Cardoso expressed confidence in Nigeria’s policy trajectory. “Nigeria’s tough but necessary policy decisions are paying off,” he concluded.

The AlUla Economic Policy Conference serves as a key platform for policymakers to address economic challenges and opportunities in emerging markets, with Nigeria positioning itself as a strategic player in global economic discussions.

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#AlUlaCEME2025 #NigeriaEconomy #FinancialInclusion #EconomicReforms #CBNCBN

 

The Nigeria Customs Service (NCS) has announced the suspension of the proposed 4% Free-on-Board (FOB) charge on imports as stipulated in Section 18(1)(a) of the Nigeria Customs Service Act (NCSA) 2023. The decision follows ongoing consultations with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, and other key stakeholders.

The suspension aims to allow for further engagement with stakeholders to refine the implementation framework of the new Act. It also coincides with the expiration of the contract agreements with service providers, including Webb Fontaine, who were previously funded through the 1% Comprehensive Import Supervision Scheme (CISS). This transition presents an opportunity for the Customs Service to reevaluate its revenue framework comprehensively.

Under the previous funding structure, the separation of the 1% CISS and the 7% cost of collection resulted in operational inefficiencies and funding gaps for customs modernization. The NCSA 2023 seeks to address these issues by consolidating “not less than 4% of the Free-on-Board value of imports” to ensure sustainable funding for critical customs operations and modernization initiatives. The suspension will allow the Service to optimize this transition for better efficiency and national interest.

The Act also empowers the NCS to modernize operations through various technological innovations. Section 28 mandates the development and maintenance of electronic systems for seamless information exchange between Customs, other government agencies, and traders. Already, the Service has deployed digital solutions like the B’Odogwu clearance system, improving clearance times and transparency. Other technological advancements authorized by the Act include the Single Window System (Section 33), Risk Management Systems (Section 32), Non-Intrusive Inspection Equipment (Section 59), and Electronic Data Exchange Facilities (Section 33(3)).

The suspension period will enable further engagement with stakeholders to ensure proper alignment with the Act’s provisions while securing sustainable funding for modernization efforts. The NCS remains committed to executing the Act’s directives in a way that best serves stakeholders, enhances trade facilitation, and supports revenue generation.

A revised implementation timeline will be announced upon the conclusion of stakeholder consultations.

 

 Nigerian presidential hopeful Peter Obi has emphasized the need for Nigeria to adopt proven development strategies, drawing inspiration from Indonesia’s economic and social progress. Obi recently embarked on a five-day study trip to Indonesia, engaging with top stakeholders on critical areas such as security, education, healthcare, and poverty alleviation.

Reflecting on Nigeria’s economic trajectory compared to Indonesia, Obi highlighted the stark contrast in progress over the past two decades. In 2004, Indonesia’s per capita income stood at $1,136, slightly ahead of Nigeria’s $963. However, by 2024, Indonesia’s per capita income has surged to approximately $5,000, while Nigeria’s remains at around $1,000. Likewise, Indonesia has improved its Human Development Index (HDI) from medium to high, while Nigeria still lags in the low category.

“Indonesia now has 98% health insurance coverage, while Nigeria has less than 10%,” Obi pointed out, emphasizing the urgency of adopting policies that have yielded success in comparable nations.

The former governor of Anambra State plans to share key insights from his trip over the coming days, reinforcing his long-held belief that learning from tested models is the key to sustainable development.

“A new Nigeria is POssible,” he concluded.

In a bold commitment to clean, chemical-free food, Ogbo Awoke Ogbo, business owner coach and CEO of Uncle Ogbo Probiotic Fufu, has detailed the rigorous journey behind the creation of his organic fufu. From planting to packaging, the process is a labor of love, dedication, and unwavering commitment to purity.

“The path to creating Uncle Ogbo’s Probiotic Fufu™ is not for the faint of heart,” Ogbo stated. “From the start, we vowed to plant cassava without a single drop of herbicide, pesticide, or synthetic fertilizer.”

The journey, as he describes it, is grueling—navigating unpredictable weather, coordinating with local farmhands, and making numerous trips to the farm in his Ford 250 turbo Lariat diesel. Each cassava root is handpicked, peeled, and fermented using lime fruit for two weeks before undergoing a weeks-long sun-drying process. The final steps—blending and packaging—are completed with precision, ensuring the product remains 100% organic.Ogbo Awoke Ogbo - Business Coach Africa

Despite the challenges, Ogbo remains steadfast in his mission, driven by the alarming rise of adulterated food products in the market. “Families unknowingly consume foods laced with chemicals—fufu whitened with detergent, palm oil dyed with toxic colors, and crops grown with profit as the sole motive,” he said. “This is why we do it—to offer an alternative that is pure and life-giving.”

The first batch of Uncle Ogbo’s Probiotic Fufu is a testament to nature’s unpredictability. “From an expected yield of 1,000 bags, we harvested just 61. It’s humbling, even laughable, but it reinforces how rare and precious purity truly is,” he shared.

Looking ahead, Ogbo is uncertain about continuing production unless demand proves strong. However, he is willing to forge ahead for consumers who prioritize their health and well-being.

For those interested, each 2kg bag of Uncle Ogbo’s Probiotic Fufu™ is available for N30,500. Shipping across Nigeria is facilitated by GIG Logistics, with costs varying based on location. Due to limited stock, orders can only be placed via WhatsApp at +2348088000111, ensuring a fair distribution process.

“This is a limited batch. Purity is priceless, and it’s worth every effort,” Ogbo concluded, reaffirming his commitment to redefining food standards in Nigeria.

 

Tony O. Elumelu, C.F.R., Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, has reiterated the critical role of peace and security in driving Africa’s economic transformation. During a recent visit to Ethiopia, Elumelu underscored the necessity of stability for fostering business growth, investment, and prosperity across the continent.

As part of this commitment, Africa’s Global Bank, UBA Group, has pledged $500,000 to the African Union (AU) Peace Fund, reinforcing its dedication to ensuring a secure future for Africa. According to Elumelu, peace is not merely an aspiration but a fundamental prerequisite for sustainable development.

“The AU Peace Fund plays a crucial role in conflict resolution, mediation, and securing a stable future for Africa,” Elumelu stated. “Without peace, there can be no progress. Our commitment at UBA Group extends beyond banking—we invest in Africa’s future, ensuring that businesses, communities, and nations thrive.”No alternative text description for this image

Elumelu emphasized that economic growth and security go hand in hand, noting that a conducive environment is essential for entrepreneurs to flourish and for youth to aspire to greater achievements. He urged businesses, governments, and individuals to recognize their role in fostering stability.

UBA Group has consistently demonstrated its commitment to Africa’s progress through various initiatives. During the COVID-19 pandemic, the bank contributed $14 million towards relief efforts, supporting healthcare systems and vulnerable communities. Its latest support for the AU Peace Fund is another step in its long-standing mission to uplift lives, empower businesses, and drive sustainable development.

“Development will come with peace. Every individual, business, and organization must play their part. We are honored to stand with the African Union on this journey,” Elumelu concluded.

As Africa continues to navigate socio-economic challenges, Elumelu’s call for peace-driven growth resonates as a clarion call for collective action, ensuring a stable and prosperous future for the continent.

 

 

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MENXTT TECHNOLOGY
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In a strategic move aimed at ensuring food accessibility and affordability for Nigerians, the Federal Government has announced plans to recapitalize the Bank of Agriculture (BOA). This initiative, as disclosed by the Minister of State for Agriculture and Food Security, Sen. Aliyu Sabi Abdullahi, CON, is part of broader reforms intended to strengthen the nation’s food security.

During a recent courtesy visit by the Emir of Borgu, Barr. Mohammed Sani Haliru, to his office in Abuja, Abdullahi emphasized the importance of sustaining agricultural productivity. “We are reforming the Bank of Agriculture to serve Nigerians. We are recapitalizing the Bank of Agriculture to make food accessible and affordable to Nigerians,” the Minister stated, highlighting the government’s resolve to support farmers and agricultural enterprises.

The recapitalization of BOA is expected to provide critical financial backing to farmers, improve mechanized farming, and enhance rural agricultural development. This move comes at a time when rising food prices and economic challenges are straining household incomes, making food security a national priority.

Beyond the BOA reforms, Abdullahi reassured that the government is intensifying efforts to develop cluster farms in Borgu Kingdom. His commitment to supporting agricultural expansion aligns with President Bola Tinubu’s broader economic diversification agenda, which prioritizes agriculture as a key driver of national growth.

The Emir of Borgu, in his remarks, reaffirmed his kingdom’s readiness to contribute to Nigeria’s food production capacity. “Borgu has the potential to feed the nation. If well tapped, our vast agricultural land can significantly support national food production,” he said, urging the Minister to prioritize the region’s agricultural potential.

He further expressed appreciation to President Tinubu for appointing a son of Borgu to such a critical position at a time when agriculture must be revitalized. His call for urgent attention to Borgu’s agricultural resources reflects a broader national discourse on harnessing local potentials to address food shortages and economic instability.

Similarly, Dr. Marcus Ogunbiyi, Permanent Secretary of the Federal Ministry of Agriculture and Food Security, assured the Emir that the ministry’s leadership remains fully committed to supporting the Minister’s success. “When the Ministers succeed, we have succeeded, and when they fail, we have failed. But I am confident that they will not fail,” he affirmed.

With the government’s renewed focus on agricultural reforms, the recapitalization of the BOA signals a crucial step towards strengthening food production, supporting farmers, and ultimately ensuring that no Nigerian is left behind in the quest for food security. The success of this initiative will depend on efficient implementation, transparency, and a robust framework to ensure that farmers at all levels can access the much-needed financial support.

The turbulent love story of Annie and Tuface Idibia has once again taken center stage, this time in the form of an emotional outpouring that has gripped social media and sparked heated debates. The celebrated couple, whose relationship has survived years of challenges, public scandals, and whispered infidelities, now finds itself in the throes of what appears to be an irreparable breakdown. But is this truly the end, or just another chapter in their complex love saga?

As the drama unfolds, veteran journalist Moji Danisa has weighed in with a mix of concern and skepticism, questioning the authenticity of an emotional letter circulating online, purportedly penned by Annie. The message, in which she reminisces about the sacrifices she made for Tuface’s early music career, has struck a nerve with fans and critics alike. In the letter, Annie allegedly reminds her husband of a time when she sold her late father’s motorcycle to finance his first song, painting a picture of unwavering devotion and sacrifice.

But Danisa is not entirely convinced. While acknowledging the deep emotional pain that comes with love lost, she suggests that Annie must now focus on herself rather than trying to hold on to a man who may already be emotionally detached. “Man wey run go, can still use his legs rub back. Just get well. Get out of rehab for the last time and get your life in order,” she advised, implying that self-healing is more important than clinging to nostalgia.

Beyond the personal heartbreak, Danisa hints at something more calculated—a deliberate attempt to paint Tuface in a negative light. She alludes to a “relentless propaganda machine” working against him, suggesting that the sudden media storm might not be entirely organic. In an era where public sympathy can be weaponized, it is not far-fetched to consider that Annie’s supposed letter—whether real or fabricated—may be part of a broader strategy to sway public perception.

The Fragility of Love in the Spotlight

This latest chapter in Annie and Tuface’s love story highlights a larger issue—the fragility of relationships in the age of social media and celebrity culture. Unlike ordinary couples who can navigate marital struggles in private, their every move is dissected by millions. Every emotional outburst, cryptic social media post, or teary interview becomes public fodder, further complicating an already difficult situation.

For years, Annie and Tuface have been Africa’s ultimate love story—the childhood sweethearts who defied the odds, built a family, and weathered multiple storms. But love, no matter how grand, can crumble under the weight of repeated betrayals, unfulfilled expectations, and emotional exhaustion.

In her supposed letter, Annie asks, “Have you forgotten so soon? What happened to ‘Together Forever’?” This painful question reflects a common reality in many relationships—the heartbreaking realization that love alone is sometimes not enough.No photo description available.

In many ways, celebrity couples are not just lovers; they are symbols of hope, aspiration, and even personal reflection for their fans. When a high-profile relationship crumbles, it forces many people to confront their own fears about love, loyalty, and loss. Perhaps that is why Annie’s message resonates so deeply—because at its core, it reflects a universal fear of being abandoned by someone we love.

Emotional Blackmail or Genuine Cry for Love?

One of the most striking points in Danisa’s response is her assertion that “emotional blackmail is the worst enemy of love.” This raises a difficult but necessary question: Is Annie’s emotional outpouring a genuine plea for her husband’s affection, or is it a subconscious attempt to guilt-trip him into staying?

Many relationships, especially long-term ones, come with deep-rooted emotional debts—sacrifices made, dreams postponed, and personal identities molded to accommodate a partner’s success. In Annie’s case, her reported reference to selling her father’s motorcycle to support Tuface’s career suggests a sense of entitlement to his loyalty, a feeling that he owes her not just love, but unwavering commitment as repayment for her sacrifices.

But as painful as it is, love doesn’t work that way. True love is freely given, not obligated by past sacrifices. If Tuface is indeed moving on, no amount of reminders about the past can force him to stay. Love must be nurtured in the present, not held hostage by history.

The Bigger Picture: The Public’s Role in Celebrity Breakups

While Annie and Tuface battle their personal demons, the public has also played a role in amplifying their struggles. Fans have long been emotionally invested in their relationship, turning their love story into a fairytale they refuse to see fall apart. This attachment has fueled constant scrutiny, with every disagreement, reconciliation, and public display of affection becoming headline news.

In many ways, celebrity couples are not just lovers; they are symbols of hope, aspiration, and even personal reflection for their fans. When a high-profile relationship crumbles, it forces many people to confront their own fears about love, loyalty, and loss. Perhaps that is why Annie’s message resonates so deeply—because at its core, it reflects a universal fear of being abandoned by someone we love.

What Next for Annie and Tuface?

As the dust settles, two possibilities emerge: reconciliation or closure.

If their love is still salvageable, they may find a way to rebuild away from the public eye, prioritizing their personal well-being over social media narratives. However, if their marriage has truly reached its breaking point, then Annie must embrace healing and self-discovery, rather than fixating on a love that may no longer serve her.

Regardless of what happens next, one thing is certain: love, when tested by fame, is never as simple as it seems.

The Nigeria Data Protection Commission (NDPC) has reaffirmed its commitment to ensuring data privacy in Nigeria’s gaming sector, following a strategic engagement with the Enugu State Gaming and Lotto Commission (ESGC).

During a courtesy visit to the NDPC headquarters, Prince Arinze Arum, Executive Secretary of ESGC, led a delegation to discuss enhanced data protection measures for gamers in Enugu State. The visit comes in the wake of the Supreme Court’s November 2024 ruling, which reaffirmed the authority of Nigerian states to regulate lottery and gaming within their jurisdictions.

Prince Arum emphasized that responsible and fair gaming cannot be achieved without proper data governance. He highlighted ESGC’s commitment to protecting gamers’ personal data and expressed the need for collaboration with the NDPC to enforce compliance with data protection laws in Enugu State.May be an image of ‎2 people, dais and ‎text that says "‎ΓΑ PROTECTION APROTECTIONCOMMISSION COMMISSION ปี NDPC NDPC DATA PROTECTIO DATAFROTECTIONACT TECTIO NIDERIA TIO ACT Jn 2023 د INE‎"‎‎

Responding to the delegation, Dr. Vincent Olatunji, National Commissioner/CEO of NDPC, stressed the importance of responsible gaming in Nigeria, where over 60 million citizens engage in various forms of gaming. He underscored the necessity for operators to uphold the rights of gamers, as this fosters trust and confidence in their services.

Dr. Olatunji also outlined key compliance measures that gaming operators in Enugu must adopt, including registering with the NDPC, appointing a Data Protection Officer, and implementing a robust privacy policy. To reinforce ESGC’s role in this regulatory framework, he pledged to provide free training on data protection and privacy, equipping stakeholders with the necessary expertise to safeguard gamers’ personal information.

The partnership between the NDPC and ESGC marks a significant step towards strengthening data security in Nigeria’s gaming industry, ensuring that players’ rights and privacy remain a top priority.