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The Soun of Ogbomosho, Oba Ghandi Olaoye, has expressed his happiness and satisfaction with the Court of Appeal’s judgment, reaffirming him as the Soun of Ogbomoso. PUNCH Online reports that the Court of Appeal in Ibadan, Oyo State, has upheld Oba Olaoye’s selection and installation as the Soun of Ogbomoso, overturning an earlier ruling that
The removal of fuel subsidies in Nigeria has significantly reduced cross-border smuggling of Premium Motor Spirit. This is according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari. Kyari stated this in an interview with Channels TV on Sunday, explaining that the subsidy created a price disparity between
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The removal of fuel subsidies in Nigeria has significantly reduced cross-border smuggling of Premium Motor Spirit. This is according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari. Kyari stated this in an interview with Channels TV on Sunday, explaining that the subsidy created a price disparity between
United States President, Donald Trump on Sunday said he had told the country’s Treasury to stop producing new pennies coins. According to Trump, the decision will help to cut down on government spending. “For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!”
Stop minting new pennies – Trump tells US Treasury
United States President, Donald Trump on Sunday said he had told the country’s Treasury to stop producing new pennies coins.
According to Trump, the decision will help to cut down on government spending.
“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote on his Truth Social platform as he returned to Washington from the Super Bowl.
“I have instructed my Secretary of the US Treasury to stop producing new pennies.
“Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” he added.
DAILY POST gathered that one-cent coin, also known as a penny, was first issued by the federal government in 1793.
However, the issue of eliminating the pennies was part of Trump’s election campaign.
Trump’s mega-billionaire ally Elon Musk’s Department of Government Efficiency, DOGE, had raised the prospect in a post on X last month highlighting the production cost.
The United States Mint reportedly lost $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.
Stop minting new pennies – Trump tells US Treasury
The Police Special Fraud Unit in Lagos State has arrested at least four serving members of the National Youth Service Corps and eight students from the Gateway Polytechnic, Sapaade, Ogun State for their alleged involvement in financial fraud across Lagos and Ogun states. PUNCH Online gathered on Monday that, in addition to the students and
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The Police Special Fraud Unit in Lagos State has arrested at least four serving members of the National Youth Service Corps and eight students from the Gateway Polytechnic, Sapaade, Ogun State for their alleged involvement in financial fraud across Lagos and Ogun states. PUNCH Online gathered on Monday that, in addition to the students and
