10 Essential Things To Know This Thursday Morning

10 Essential Things To Know This Thursday Morning1.Independent oil marketers in Abuja on Wednesday raised petrol prices to match what they paid when purchasing from Dangote Refinery and Petrochemical Company. Inspections showed that many stations adjusted their prices to an average of N1,200 per liter.....KINDLY READ THE FULL STORY HERE▶

2.Thirteen ex-Boko Haram fighters, who had surrendered and been integrated into military operations in Borno State, have fled with weapons and motorcycles provided by the government. They were part of the larger group of former fighters and their families who had previously surrendered.

3.The Court of Appeal in Enugu upheld a tribunal decision removing Hon. Simon Atigwe, the representative for Igboeze North/Udenu federal constituency. The court ruled that Atigwe, of the Peoples Democratic Party (PDP), was not validly elected based on votes cast in the rerun election.

4.The Nigeria Labour Congress (NLC) and the Organized Private Sector demanded an immediate reversal of the petrol price hike implemented by the Nigerian National Petroleum Company Limited (NNPCL). NLC President Joe Ajaero called the price hike an unacceptable anomaly.

5.Under President Bola Tinubu’s leadership, the Nigerian government has secured $6.45 billion in loans from the World Bank over the past 16 months. This figure includes a recent $1.57 billion loan approval for various national projects and is expected to grow.

6.The Senate on Wednesday supported the Supreme Court’s ruling that granted financial independence to Nigeria’s 774 Local Government Areas. The Senate opposed actions by some governors seeking to force local councils to transfer their allocations to state-controlled joint accounts.

7.Soldiers from Ojo Cantonment Barracks, led by an unidentified driver, fatally stabbed a policeman, Saka Ganiyu, at Volks Bus Stop in Lagos. The incident occurred after the soldier, who was driving a bus against traffic, was stopped by traffic enforcement officers.

8.An Ekiti State High Court in Ado Ekiti sentenced three individuals to death by hanging for armed robbery. Alexander Solomon, Desmond Peter, and Eric Tile were found guilty, while a fourth defendant, Promise Shie, was acquitted due to insufficient evidence.

9.Senator Mohammed Ndume, former Chairman of the Senate Committee on Army, stated that Nigeria’s military is inadequately equipped to defeat Boko Haram or banditry. He also denied social media rumors that his convoy had been ambushed by Boko Haram terrorists.

10.The Naira depreciated further yesterday, reaching N1,625.13 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the exchange rate rose from N1,561.76 per dollar the previous day, reflecting a N63.37 drop in the Naira’s value.

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