OVER 25 MILLION PHONES STOLEN IN ONE YEAR- FG. (PHOTO).

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 Over 25 million phones stolen in one year – FG The Crime Experience and Security Perception Survey report of the National Bureau of Statistics, a Federal Government agency, shows that Nigeria recorded 25.35 million phone theft cases between May 2023 and April 2024. According to the report, this was the most common type of crime within the period under review. The report read, “The number of crimes experienced by individuals in Nigeria was analysed over a period of time. The results show that theft of phones (25,354,417) was the most common crime experienced by individuals, followed by consumer fraud (12,107,210) and assault (8,453,258). However, hijacking of cars (333,349) was the least crime experienced by individuals within the reference period.” It also noted that most phone theft cases occurred either at home or in a public place, and about 90 per cent of such cases were reported to the police. Despite the high rate of the incident being reported, only about 11.7 per cent of t...
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FG COMMENCE CRUDE OIL SALE TO DANGOTE REFINERY OCTOBER 1.(PHOTO).

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FG to commence crude oil sale to Dangote refinery October 1


The Federal Government has announced that the sale of crude oil to the Dangote refinery in naira will begin on October 1. This decision was reached during a meeting with the technical implementation committee led by Wale Edun, the minister of finance on Monday. 


At the meeting, the committee reviewed progress on key initiatives, including the upcoming commencement of Naira payments for crude oil sales to the Dangote Refinery starting October 1, 2024. Stakeholders such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Central Bank of Nigeria (CBN), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the African Export-Import Bank (Afreximbank) have been assigned key roles to ensure smooth implementation.


The executive chairman of the Federal Inland Revenue Service (FIRS) and chairman of the technical subcommittee, Zacch Adedeji, confirmed that the first premium motor spirit (PMS) delivery from Dangote is expected next month under existing agreements.


The minister stressed the need for transparency and directed the technical subcommittee to finalize the details of the arrangement. The committee has also been tasked with preparing a report for President Bola Tinubu, confirming that his directives are on track for implementation from September.

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