Connect with us

Business

Lagos Police arrests Masquerades for robbery 

Published

on

Some masquerades have been arrested by officers of the Lagos state police command after causing chaos at Elere area of Agege Lagos. 

According to the police officials, the masquerades were apprehended alongside other hoodlums for robbing members of the community and also causing breach of the peace in the area.

The masquerades who were not backed by the traditional ruler in the area tried to attack the policemen during their arrest, according to the police…

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

NNPCL Slams False Report on Petrol Imports, Sets Record Straight

Published

on

NNPCL Slams False Report on Petrol Imports, Sets Record Straight

NNPCL Slams False Report on Petrol Imports, Sets Record Straight

The Nigerian National Petroleum Company Limited (NNPCL) has firmly denied claims that it recently imported 200 million litres of Premium Motor Spirit (PMS), commonly known as petrol. The company further disclosed that it has not imported any volume of the product in 2025.

This clarification was issued by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, on Tuesday in Abuja in response to a report, alleging the company’s involvement in recent petrol imports.

Soneye criticized the report, attributing it to either “lazy and unprofessional journalism” or a “deliberate, sponsored attempt by economic saboteurs to mislead the public.”

“The report alleging that NNPC Limited imported over 200 million litres of PMS in February 2025 is a completely false, baseless, and reckless misrepresentation of facts. It is either the result of lazy and unprofessional journalism or a deliberate, sponsored attempt by economic saboteurs to mislead the public,” Soneye stated.

He emphasized, “Setting the Record Straight: NNPC Limited has not imported a single litre of PMS in 2025.”

NNPCL also clarified that it does not regulate the import operations of private marketers and stressed that attributing all petrol imports to NNPCL is both misleading and irresponsible.

“We do not control the import activities of private marketers, nor do we issue import licenses. Attributing all PMS imports to NNPC is not just misleading—it is outright deceptive and irresponsible journalism that ignores basic fact-checking principles,” Soneye explained.

He added that there is no legal barrier preventing NNPCL from importing PMS if circumstances necessitate such action. “While NNPC Limited has not imported PMS in 2025, let it be clear that there is no legal restriction preventing us from doing so if necessary. As Nigeria’s foremost energy company, we must ensure energy security. Should any supply shortages arise, NNPC Limited retains the full right and responsibility to step in and import to stabilize the market.”

NNPCL condemned the spread of misinformation, emphasizing that such reports distort market realities, mislead stakeholders, and do a “grave disservice to the public.” The company also vowed to take legal measures against those responsible for fabricating and spreading false information.

“NNPC Limited will not tolerate the spread of false and malicious reports aimed at undermining its reputation,” Soneye declared. “We will take all necessary legal measures to hold accountable those responsible for fabricating and disseminating falsehoods about our operations.”

He urged media organizations to uphold journalistic integrity by verifying facts before publishing misleading narratives.

“NNPC Limited remains committed to transparency and will not be swayed by attempts to manipulate public perception,” Soneye concluded.

Continue Reading

Business

Buratai Leads Nigeria’s Electric Vehicle Revolution with BYD Motors

Published

on

Buratai Leads Nigeria’s Electric Vehicle Revolution with BYD Motors

Nigeria’s journey toward sustainable mobility took a significant step forward as the Tukur Buratai Research Center hosted a groundbreaking exhibition by BYD Motors, a global leader in electric vehicle (EV) manufacturing. Former Chief of Army Staff, Lt.-Gen. Tukur Buratai (Rtd), who chairs the research center, reaffirmed his dedication to driving technological and environmental progress in the country.
Speaking at the event held in Gora, Buratai highlighted the urgent need to address cost barriers hindering EV adoption in Nigeria. “We are now more conscious of our environment and actively exploring alternative ways to power our vehicles and homes,” he stated, signaling the nation’s readiness to embrace green energy solutions.
The exhibition showcased BYD Motors’ ambitious plans for Nigeria’s EV sector, including discussions on setting up a local assembly plant. Two high-performance EV models were unveiled, boasting impressive driving ranges of 500km and 600km per charge. Each vehicle comes with a home charging kit capable of achieving a full charge in eight hours. BYD’s Technical Head, Mr. Rhak Argo, estimated that a full charge would cost approximately N14,000—sufficient for a week’s worth of travel.
Senator Abdulaziz Yari, the Special Guest of Honour, lauded Buratai’s leadership, describing him as a key figure in national development. He also acknowledged Buratai’s foundational role in combating banditry in Zamfara State. “The success we see today in the fight against banditry is built on the foundation laid by General Tukur Buratai,” Yari remarked.
Beyond EVs, the event also spotlighted other sustainability-focused projects, including the Ketti District property development—hailed as “Africa’s First Net-Zero Green City”—and an exclusive furniture exhibition in collaboration with the Nigerian Export Processing Zones Authority.
BYD Motors Nigeria’s Managing Director, Mr. Moses Ayom, reiterated the company’s commitment to establishing Nigeria as the regional hub for electric vehicles. “BYD stands for ‘Build Your Dream,’ and our mission is to help Nigeria align with the global shift toward electric mobility,” he said. He cited China’s rapid transition, where 85% of vehicles are already electric, with a national target of full EV adoption by 2030.
With discussions underway for a BYD assembly plant in Nigeria, the Tukur Buratai Research Center is positioning itself as a catalyst for innovation and sustainable development. This strategic collaboration is set to propel Nigeria into a leading role in the electric vehicle market across West Africa.
Buratai Leads Nigeria’s Electric Vehicle Revolution with BYD Motors

Continue Reading

Business

NIHOTOUR Nigeria, South African High Commission Deepen Collaboration on Hospitality, Tourism, and Cultural Exchange

Published

on

NIHOTOUR Nigeria, South African High Commission Deepen Collaboration on Hospitality, Tourism, and Cultural Exchange

 

 

 

 

The National Institute for Hospitality and Tourism (NIHOTOUR) has taken a significant step towards strengthening the bilateral relations between Nigeria and South Africa in the areas of hospitality, tourism, and travel. This follows a strategic visit by Professor Bobby J. Monroe The Consul General of the Republic of South Africa in Lagos Nigeria to NIHOTOUR headquarters abuja, where he engaged with the Director General/CEO of NIHOTOUR, Aare (Dr.) Abisoye Fagade, FIMC, on fostering deeper collaborations between Nigeria and South Africa.

 

NIHOTOUR Nigeria, South African High Commission Deepen Collaboration on Hospitality, Tourism, and Cultural Exchange

 

Speaking during the meeting, Aare Abisoye Fagade emphasized the importance of using the tourism potentials of nigeria and the viral Nigerian hospitality sector as seen with the recent surge in Lagos Nigeria’s Detty December, as a tool for enhancing security perceptions in Nigeria and for promoting peaceful coexistence between both nations. He highlighted how a robust cultural and training exchange between Nigeria and South Africa could contribute to eradicating xenophobia and strengthening ties between South Africans and their Nigerian counterparts.

 

“Tourism is not just about travel and hospitality; it is a bridge that connects cultures, fosters understanding, and drives economic growth. Through structured training, knowledge exchange, and mutual collaboration, we can dispel misconceptions, improve security narratives, and build a future where Nigerians and South Africans see each other as partners, not rivals,” he stated.

 

NIHOTOUR Nigeria, South African High Commission Deepen Collaboration on Hospitality, Tourism, and Cultural Exchange

 

Key Areas of Collaboration:

1. Hospitality & Tourism Training Exchange: Enhancing capacity building through joint training programs and certification initiatives between NIHOTOUR and South African institutions.

2. Cultural Diplomacy: Leveraging cultural tourism to promote stronger people-to-people connections and combat stereotypes.

3. Security and Perception Management: Showcasing Nigeria’s ongoing improvements in tourism security to attract South African tourists and investors.

4. Joint Tourism Development Projects: Encouraging cross-border investments in hospitality and tourism infrastructure.

 

Professor Monroe reaffirmed South Africa’s commitment to working closely with NIHOTOUR, stressing the need for Africa to unite through tourism and leverage its cultural diversity for economic prosperity.

 

NIHOTOUR remains dedicated to positioning Nigeria as a leader in tourism education, regulation, and sustainable development while fostering international partnerships that drive growth in the sector.

 

Both parties resolved to pursue vigorously the opportunities presented by this collaboration between NIHOTOUR and the South African mission in Nigeria.

Continue Reading

Cover Of The Week

Trending