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Incident Overview Tension escalated at Ladoke Akintola University of Technology (LAUTECH) in Ogbomoso, Oyo State, following a tragic incident where a security agent fatally shot a student and injured two others. This event occurred on Tuesday, leading to widespread unrest and protests among the student body. The incident reportedly happened when the security officer was called to intervene in a disagreement between two individuals at the university. Student Protests and Response In response to the shooting, LAUTECH students swiftly mobilized, expressing their grief and outrage by locking the school gates and staging a protest. They demanded justice for the deceased…

Strategic Price Cuts to Boost Economic Relief In a notable move aimed at alleviating economic strain, the Dangote Petroleum Refinery has announced further reductions in the prices of diesel and aviation fuel, setting new benchmarks at ₦940 and ₦980 per liter respectively. This adjustment marks the third major price reduction in less than a month, following a previous decrease to ₦1,000 for diesel. These changes underscore the refinery’s commitment to supporting economic stability in Nigeria. Volume-Based Pricing and Strategic Partnerships The latest pricing strategy introduces a volume-based discount system, where the price of ₦940 per liter is available to customers…

Strategic Unbundling and Sale of Electricity Distribution Companies In a significant move to overhaul Nigeria’s electricity distribution framework, the Federal Government has commenced the unbundling of 11 electricity distribution companies (DisCos), aiming to boost operational efficiencies across the sector. This announcement was made by Nigeria’s Minister of Power, Adebayo Adelabu, during a meeting with the Senate Committee on Power in Abuja. This strategic initiative seeks to restructure the DisCos into more manageable entities along state lines, reflecting a concerted effort to enhance service delivery and accountability in power distribution. The Impetus for Restructuring Minister Adelabu emphasized that the size of…

On a routine flight from Abuja to Lagos, a Dana Air aircraft experienced a significant but non-fatal incident when it skidded off the runway at Lagos’ Murtala Mohammed Airport. The aircraft, bearing the registration number 5N BKI, was carrying 83 passengers at the time of the mishap. Fortunately, there were no injuries reported as all passengers were safely disembarked from the aircraft. What is a Runway Excursion? A runway excursion, the type of incident experienced by the Dana Air flight, occurs when an aircraft veers off or overshoots the runway during landing or takeoff. These incidents can be triggered by…

Historic Departure: Emeka Ihedioha Leaves PDP In a significant political development, Emeka Ihedioha, the former deputy speaker of the House of Representatives and one-time governor of Imo State, has announced his resignation from the Peoples Democratic Party (PDP) after an extensive 26-year tenure. This resignation marks the end of an era for Ihedioha, who has been a pivotal member of the party since its inception in 1998. Reasons Behind the Resignation Ihedioha’s departure from the PDP was detailed in a heartfelt letter addressed to the national chairman of the party, where he expressed his concerns about the PDP’s current trajectory.…

The Accusations: VeryDarkMan’s Claims of Fraud In a surprising turn of events, Hilda Baci, a Guinness World Record holder and esteemed chef, finds herself at the center of fraud accusations made by the influencer known as VeryDarkMan. The controversy began when VeryDarkMan accused Baci of defrauding her followers by allegedly collecting fees for an online cooking class and failing to enroll the participants. This online cooking class, praised for its comprehensive culinary training, reportedly left some students out despite their payment, sparking significant backlash. VeryDarkMan, in a detailed video, asserted that Baci’s actions could be classified as “obtaining under false…

Governor Seyi Makinde of Oyo State has officially inaugurated a state-of-the-art fish and poultry feed plant in Ibadan. This €25 million initiative, spearheaded by Skretting Nigeria Limited, a subsidiary of the globally renowned Nutreco company based in the Netherlands, is poised to address the escalating costs of animal feeds – a critical challenge that has long burdened local farmers and threatened the sustainability of the region’s agricultural sector. The Launch of the Feed Plant The launch ceremony was a momentous occasion, marked by the presence of Governor Makinde himself, who underscored the timeliness and importance of this new facility amidst…

In a region where remote and rural areas have long grappled with the challenges of limited connectivity, a transformative solution is emerging from the skies above. Africa’s rural regions are increasingly benefiting from enhanced connectivity thanks to innovative satellite technologies like Starlink, developed by the pioneering aerospace company SpaceX. The collaboration between Africa Mobile Networks (AMN) and Starlink represents a significant leap forward in addressing the digital divide that has historically plagued remote areas across the continent. Starlink’s Impact on AMN’s Operations AMN, a leading provider of mobile network services across Africa, has recently activated its first base station that…

Former Vice President Atiku Abubakar paid a visit to the residence of suspended Senator Abdul Ningi, offering his unwavering support and urging the National Assembly to take a firm stance against governmental oppression. This gesture comes amidst the ongoing controversy surrounding Ningi’s three-month suspension from the Senate, a decision that has sparked widespread debate and concern within Nigerian political circles. Background on the Suspension The suspension of Senator Abdul Ningi, representing the Bauchi Central constituency, was handed down on March 12, 2024, by the Senate leadership. This move followed Ningi’s allegations that the budget passed by the National Assembly had…

The Nigerian currency, the Naira, has experienced a tumultuous week, marked by a significant devaluation against the US dollar in the official foreign exchange market. On Monday, the Naira plunged to an unprecedented level of N1,234 against the greenback, a substantial depreciation from the previous rate of N1,169.99/$1 recorded just last Friday. This shift, amounting to a staggering N65 or 5.26% decline, has sent shockwaves through the financial sector and sparked concerns among economic analysts and market watchers alike. Current Exchange Rate Dynamics The week commenced on a promising note for the Nigerian forex market, with the Naira displaying signs…