NEWS

FG May Reduce Price Of Fuel Pump Over Coronovirus & Global Oil Price Crash

Published

6 years ago

March 14, 2020

The federal government has hinted that it is engaged in consultations to decide whether or not petrol prices will be reduced for Nigerians in view of the global drop in crude oil prices caused by the Coronavirus pandemic.

Minister of State for Petroleum Resources, Timipre Sylva, announced this to State House correspondents after the Presidential committee on the impact of the Coronavirus outbreak on Nigeria’s economy presented an interim report to President Muhammadu Buhari at the Presidential Villa, Abuja yesterday.

The committee is chaired by the minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, and has other members as Sylva; the Central Bank of Nigeria governor, Godwin Emefiele; and group general managing director, Nigeria National Petroleum Corporation (NNPC), Mele Kyari; among others. Sylva was reminded by reporters that dwindling crude oil prices translate to lower domestic prices for huge importers of refined petroleum products like Nigeria, and a price slash had actually resulted in the past.

He said, “On when the price of PMS is likely to be reduced considering the drop the crude oil price, of course we are still consulting. We’ll get back to you, please be patient.” On her part, the minister of finance disclosed that the government had released N285 billion from the 2020 budget for capital projects. According to her ,another $220 million had also been released by government for counterpart funding. She said the committee would be back next week to brief the President on the necessary adjustments that would be made for the nation’s economy to run smoothly in spite of the global oil price crash.

According to her, government would continue to run normally, while investments especially in critical sectors should not cease. She said, “The Ministry of Transport, the Ministry of Works and Housing, Niger Delta, a number of ministries and agencies that have important infrastructure projects have got their funds. “Also this week we have been able to release to the Ministry of Transport the counterpart funding provided for in our budget that is required for the important railway projects that are currently ongoing.

The finances from the China EXIM Bank. “What we have been mandated to do is to ensure that the business of government continues to run as much as possible normally, that government agencies are funded but there must be continuous investments in critical infrastructure that would ensure continuous growth and also concentrate on programmes and project that will enhance employment of our people.

“We are looking at ways and means in which the revenue of government will be stabilized and that we are able to fund the states through the FAAC process at a level that is averagely expected and planned for by both the federal as well as the national budget.

On the issue of interest rate, the CBN governor, Godwin Emefiele, said “On the issue of interest rate, luckily, even before this time, I am sure most of you must have observed that interest rate has come down quite drastically and we are going to continue to ensure that it is not a temporary phenomenon, that it will be a phenomenon that will continue because we think and we believe that Nigerians, whether they are business people or private people who deserve to take credit should do so at a lowinterest rate so that they can use them for a good purpose, pay back those loans and also do good business.”

Entertainment

Shola Omoemi’s Birthday Turns into a Mega Celebration as She Gifts Over ₦2 Million to Fans

Published

4 months ago

August 9, 2025

Baba Blow

The gospel music world is still buzzing with excitement after the sensational gospel minister Shola Omoemi marked her birthday in a truly unforgettable way. Known for her soul-lifting songs and deep passion for touching lives, Shola once again proved that her ministry extends far beyond music, it’s about love, generosity, and impacting lives.
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‎On her special day, instead of simply receiving gifts and well-wishes, Shola decided to flip the script and pour out blessings on her fans. In a grand show of gratitude, she gave out over ₦2,000,000 to her loyal supporters across various platforms. From random cash giveaways to bank transfers and surprise alerts, fans couldn’t stop sharing their joy online as testimonies rolled in.
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‎The celebration went viral on social media, with positive comments flooding every corner of the internet. Fans hailed her as a woman with a heart of gold, praising her for using her birthday as a platform to uplift others in a time when many are facing financial challenges.

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‎The day wasn’t just about money; it was filled with music, prayers, and heartfelt moments. Shola Omoemi took time to appreciate God publicly for His grace upon her life, her growing ministry, and the countless testimonies her songs have inspired especially following the success of her latest album, IPE (Calling).
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‎Pictures and videos from the celebration showed a joyful Shola surrounded by family, friends, and fans both online and offline. Her warm smile, coupled with her generous acts, made this year’s birthday one of the most talked-about events in the Nigerian gospel scene.
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‎Industry colleagues, gospel artists, and church leaders also joined the conversation, applauding her for embodying the true meaning of giving and service in ministry. Many described her act as a reminder that success is not just about what you receive, but about how much you can give back to those who love and support you.
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‎In her own words, Shola Omoemi said:
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‎ “My life is a testimony of God’s grace. This birthday is not just mine, it’s for everyone who has supported me, prayed for me, and believed in my calling. I am blessed to be a blessing.”
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NEWS

EeZee Tee Refutes Apostle Anselm Madubuko’s Claims, Reaffirms Transparency and Catalogue Ownership

Published

11 months ago

January 21, 2025

Baba Blow

EeZee Tee Refutes Apostle Anselm Madubuko’s Claims, Reaffirms Transparency and Catalogue Ownership

Mercy Chinwo former label EeZee Conceptz has issued an official response to Apostle Anselm Madubuko’s press statement, rejecting claims of financial impropriety and non-cooperation during mediation efforts in its ongoing dispute with former artist Mercy Chinwo.

The label has strongly reaffirmed its transparency, contractual compliance, and rightful ownership of the music catalogue created during Mercy Chinwo’s time with the label.

In its response, EeZee Conceptz highlighted key inaccuracies in Apostle Madubuko’s account of events, asserting that the mediation process has been hindered by bias and misrepresentation of facts.

According to EeZee Conceptz, while the Apostle’s press statement attempts to frame the dispute as a financial issue, the real contention has always been the ownership of master rights.

“At the mediation meetings, the artists demanded the transfer of master rights to them, despite the clear terms of their contracts, which state that the music catalogue is owned by the label in perpetuity. These demands are not only legally unfounded but also go against the principles of fairness and respect for agreements,” the label stated.

The label emphasized that the artists are entitled only to royalties from the catalogue, which have been transparently accounted for.

“No funds were diverted by EeZee Conceptz. This entire campaign against the EeZee Tee is an orchestrated attempt to forcefully claim ownership of the music catalogue we fully funded and produced. This is a clear violation of the contract terms that both parties agreed to,” the statement added.

EeZee Conceptz also addressed allegations by Apostle Madubuko that it failed to cooperate with the audit process. According to the label, it submitted its financial records to Judikay’s personal auditors to commence the process but faced roadblocks when Apostle Madubuko stopped responding to follow-up attempts to schedule meetings for appointing mutually trusted auditors.

“Contrary to the Apostle’s claims, I personally called him several times, sent messages, and even visited his house twice in an effort to reschedule the meeting for appointing new auditors. He assured me he would revert, but to date, I have received no response,” said EeZee Tee, CEO of EeZee Conceptz.

The label further revealed that it endured undue hardship during the dispute, including the nine-day detention of its CEO in Ilorin, during which all personal and corporate accounts were frozen.

However, after extensive investigations into its books, no evidence of financial misconduct was found.

“Despite the ordeal I faced, including losing access to my family and business operations during my detention, our records were thoroughly investigated, and no wrongdoing was discovered. This is a testament to the transparency and integrity with which EeZee Conceptz operates,” the EeZee Tee stated.

EeZee Conceptz expressed disappointment in what it described as Apostle Madubuko’s biased handling of the mediation process.

“When men of God are entrusted with resolving conflicts, they must approach the matter with fairness, impartiality, and a commitment to truth.

Unfortunately, Apostle Madubuko has allowed bias to cloud his role, making false claims and failing to address breaches on the part of the artist,” the label said.

The label cited examples from the first mediation meeting, where it raised issues of one of the artists boycotting scheduled events and diverting funds to personal accounts in breach of her contract. According to EeZee Conceptz, the Apostle failed to address these breaches, further questioning the neutrality of the process.

Despite the ongoing challenges, EeZee Conceptz reiterated its commitment to fairness, integrity, and adherence to contractual agreements.

“Throughout our history, EeZee Conceptz has provided periodic financial reports to all our talents, ensuring full transparency. We remain steadfast in our commitment to uphold justice, protect the integrity of our contracts, and defend the investments we have made to support gospel creatives. We trust that the truth will ultimately prevail,” the label concluded.

Background

The dispute between EeZee Conceptz and Mercy Chinwo has gained significant public attention, centered around claims of unpaid royalties, fund diversion, and disagreements over the ownership of master rights.

In a press statement dated January 18, 2025, Apostle Anselm Madubuko detailed his involvement as a mediator, accusing EeZee Conceptz of various wrongs.

The label, however, has denied these allegations, maintaining that the real issue lies in attempts to unlawfully claim ownership of its music catalogue.

The label also revealed that its CEO, EeZee Tee, was detained for nine days during the dispute, during which its accounts were thoroughly investigated, and no wrongdoing was discovered.

The dispute has seen several failed mediation attempts, including multiple sessions where the focus shifted to the demand for master rights. EeZee Conceptz has maintained that it owns the catalogue in perpetuity and is only obligated to pay royalties to the artist under the terms of their agreement.

NEWS

Prophet Jeremiah Fufeyin’s Generous Act: Donates Over 30 Million Naira to Help Alleviate Soaring Food Prices in Nigeria (Watch Video)

Published

2 years ago

April 11, 2024

Baba Blow

Billionaire prophet and General Overseer of Christ Mercyland Deliverance Ministry in Warri, Delta State, Prophet Jeremiah Fufeyin, has given out over N30 million in charity to reduce the current economic crisis faced by the masses.

In a viral video on social media, Fufeyin, known for his philanthropic gestures, was seen giving out wads of cash to church members to ameliorate the rising price of food items in the country.

The humanitarian effort has caught the attention of netizens, capturing the hearts of many amid the current challenging times.

Fufeyin has emerged as a beacon of hope by extending a remarkable gesture of kindness towards struggling church members even as he stressed the need for well-meaning Nigerians to help assuage the challenges of the masses.

This spontaneous and substantial donation not only alleviated immediate concerns but also underscored Fufeyin’s deep empathy for those affected by economic hardship.

The response to Fufeyin’s act of benevolence has been overwhelmingly positive, with Nigerians taking to social media platforms to commend his compassion and selflessness. Amidst a climate of economic uncertainty and rising living costs, Fufeyin’s initiative has resonated deeply, sparking discussions about the importance of generosity and communal support during trying times.

Fufeyin expressed his motivation for the donation, citing a desire to alleviate the suffering of his church members and fellow Nigerians in tangible ways.

He emphasised the necessity of collective action in addressing societal challenges and urged others, particularly those in positions of influence, to contribute towards uplifting the less fortunate.

The impact of Fufeyin’s philanthropy extends beyond financial assistance, serving as a powerful reminder of the potential for positive change when individuals leverage their resources for the greater good of all.