ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.

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 APC PRESIDENTIAL CAMPAIGN COUNCIL PRESS STATEMENT ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL At his press conference in Abuja on Friday, Alhaji Atiku Abubakar reiterated his proposed  “production subsidy” for locally refined petrol, which he said would reduce pump prices. He went further to ask President Bola Tinubu to slash the cost of diesel and petrol at the pump. That proposal raises important legal, fiscal and practical questions that he must answer. Section 205(1) of the Petroleum Industry Act 2021 provides that unrestricted free-market conditions shall determine wholesale and retail prices of petroleum products. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement on Saturday, explained that it neither fixes pump prices nor issues administrative price templates, except where the statutory conditions for intervention are met. The PIA provisions guide its function.  At the moment, “No such market fail...
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HOWARD STERN RENEWS SIRIUSXM DEAL FOR THREE YEARS. (PHOTO).

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Howard Stern renews SiriusXM deal for three years


Howard Stern has confirmed that he will remain with SiriusXM for another three years, extending his long-running tenure with the satellite radio network. The 71-year-old host made the announcement live on The Howard Stern Show, with the company confirming the extension but providing no further financial or contractual details. Stern previously renewed his contract in 2020 for five years, in a deal reported to be worth between $450 million and $500 million.

Stern has been a central figure at SiriusXM for more than two decades, having pioneered the move from terrestrial radio to satellite, setting a standard for high-profile talent seeking greater creative freedom. Earlier this year, he and fellow Sirius personality Andy Cohen staged a playful announcement suggesting Cohen might take over Stern’s show, feeding speculation about Stern’s future. Rumors of a potential cancellation circulated last summer, often amplified by outlets critical of Stern’s political commentary. Stern acknowledged that his unique work schedule, which includes summers off and limited studio appearances, influenced the recent negotiations. SiriusXM executives have consistently described Stern as a “core” part of their programming, expressing confidence in reaching agreements that support both the host and the network.

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