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See new price as Dangote Refinery Reduces Fuel Price

By Kayode Sanni-Arewa
Dangote Petroleum Refinery has lowered the ex-depot price of petrol (PMS) from N950 to N890, effective Saturday, 1st February 2025.
This move follows positive trends in the global energy market and a drop in international crude oil prices.
The reduction is expected to reduce the cost of goods and services, benefiting the economy.
The refinery urges marketers to ensure these savings are passed on to consumers, supporting Nigeria’s goal of becoming self-sufficient in refined petroleum products under President Bola Ahmed Tinubu’s leadership
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Lenten Season: Deputy Speaker Urges Christians To Pray for Nigeria, Forgive One Another

News
Tinubu endorses three fresh appointments

President, Bola Tinubu has appointed two new Permanent Secretaries to fill vacancies in the Federal Civil Service.
The announcement was made by Eno Olotu, Director of Information and Public Relations in the Office of the Head of the Civil Service of the Federation, in Abuja on Wednesday confirming Adeladan Olarinre and Mukhtar Muhammed, represent Oyo State and the North-West geopolitical zone, respectively.
According to reports, the appointments followed a thorough and open selection process, ensuring that the administration’s focus on merit, competence, and excellence in the civil service was maintained.
The new Permanent Secretaries are expected to bring their knowledge and experience to their new positions, contributing to the improvement of public service delivery and supporting the government’s development goals.
Meanwhile, President Bola Tinubu on Monday also approved the appointment of Martins Imonitie as the chief executive officer (CEO) of the Nigerian Mining Corporation.
The announcement came after the federal executive council (FEC) meeting, which was presided over by the president.
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How Nigeria Lost N120 Bn To Illegal Charter Operations-Report

A newly released report by the Ministerial Task Force on Illegal Private Charter Operations has exposed a staggering N120 billion revenue loss for the Nigerian government over the past decade.
The losses stem from a combination of illegal charter operations, regulatory gaps, and lax enforcement by the Nigerian Civil Aviation Authority (NCAA).
Aviation Minister Festus Keyamo and reviewed, paints a picture of widespread security vulnerabilities, interagency coordination failures, and outdated policies crippling the aviation sector.
“Over the past decade, Nigeria lost an estimated N120 billion in statutory revenue from the sector due to regulatory loopholes,” the report stated.
It further named prominent entities such as Arik Air Ltd, BUA International Limited, Dominion Air Limited, Executive Jets Services, Max Air Ltd, the Rivers State Government, Julius Berger Nig. Ltd, and Nestoil Plc as involved in charter operations.
To address the crisis, the task force recommends a series of corrective measures, including the immediate closure and overhaul of the General Aviation Terminal in Abuja to rectify critical security deficiencies.
The controversial 22-year aircraft age limit, widely seen as hindering industry growth, is also slated for repeal.
The report further calls for a significant strengthening of the NCAA’s oversight capabilities to ensure strict compliance with aviation regulations. A new licensing framework for air charter brokers is also proposed to increase transparency and accountability within the sector.
“By implementing these measures, Nigeria can restore regulatory integrity, enhance safety, and position its aviation sector for long-term sustainability and global competitiveness,” the report concluded.
However, the task force’s findings and proposed solutions have drawn sharp criticism from aviation experts who question the government’s ability to enforce meaningful change.
John Ojikutu, aviation security expert and CEO of Centurion Security Limited, dismissed the task force’s efforts as “a waste of time,” placing the blame squarely on the NCAA’s failure to enforce existing regulations.
“Most of these charter aircraft are owned by political office holders or people who have something to do with it. It’s an indictment on the NCAA. When you’re talking about enforcement of regulation, it’s the NCAA,” Ojikutu asserted.
He also raised serious concerns about the regulation of foreign-registered aircraft operating within Nigeria.
“Most of these charter flights are foreign-registered aircraft. Have you been able to identify them? Who brought them in? What is the regulation on foreign-registered aircraft operating in this country? In my days, they could not operate for more than three months. There were specific airports they had to go to. If you brought them in, they had to stay at the customs airport. That was the law in those days,” he explained.
Ojikutu reiterated that powerful figures are shielding illegal flights, making effective enforcement a daunting challenge. “They are being protected,” he emphasized.
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