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NNPCL Approves USD Revenue Transfer To CBN

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In a significant development, the board of directors of the Nigerian National Petroleum Company Limited (NNPC Ltd) has approved the transfer of revenue in US dollars to the Central Bank of Nigeria (CBN).

Mele Kyari, the Group Chief Executive Officer, made the announcement on Thursday, highlighting that the CBN has established a dedicated department specifically for handling transactions related to the sale of crude oil by the NNPC Ltd.

Kyari disclosed that the decision to transfer a substantial portion of the state oil company’s earnings to the CBN received the green light from the company’s Board.

He said, “We welcome the governor of the CBN and his senior management team to NNPC Ltd. We understand very clearly that this review of our decision to move significant portions of our revenues to the CBN is very timely.

“We made that decision in line with the directives of our Board of Directors to maintain safe obligor limits with commercial banks. And for us to do this, we do need additional support, particularly from the CBN to achieve this.

“We are a very huge company, our transaction and liquidity levels are very high, and perhaps we are the largest business in this country. We are also happy that the CBN has created a robust digital platform for our transactions.”

“It has created a department that will deal with NNPC issues and will create no hindrance to our operations. We will continue to collaborate with the CBN to ensure that further improvements are received so that this relationship serves the best interest of our company and, of course, our country.”

On his part, Cardoso noted that the CBN has implemented internal procedural adjustments to ensure its readiness for the substantial task entrusted to the bank by the national oil company.

He said “We are looking forward to further collaboration with NNPC and I have absolutely no doubt in my mind that this effective collaboration will work in the best interest of NNPC and Nigeria in general.”

“We have come to this particular stage where the NNPC has made the decision to move a respectable part of its business to the CBN.

“I also want to say that we have restructured and strengthened our internal processes such that we will be very capable of taking on this enormous responsibility that will be placed in the central bank.” he added

International News

Turkish Airlines Resumes Flights To Damascus After 13-Year Hiatus

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In a historic move, Turkey’s national flag carrier, Turkish Airlines, has resumed flights to the Syrian capital Damascus after a 13-year suspension.

The first flight, carrying 349 passengers, departed from Istanbul International Airport on Thursday morning, according to Turkey’s state news agency Anadolu.

The resumption of flights marks the end of a pause dating back to April 2012, when the airline suspended operations due to the onset of the Syrian civil war.

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The decision comes as relations between the two nations improve and reflects a growing trend of Syrians returning to their homeland after years of displacement.

Turkey, which hosts approximately 3 million Syrian refugees—the highest number worldwide—has witnessed many Syrians preparing to return home.

Anadolu reported that several passengers on Thursday’s flight were traveling to Syria for the first time in over a decade.

“I feel like I’m in a dream,” said Ahmet Kiraz, a passenger who had lived in Turkey since 2012. Kiraz expressed his disbelief at finally being able to return home, a moment he had thought might never come.

Images from the scene showed travelers boarding the plane with the Syrian flag draped across their shoulders, a symbol of both pride and a longing for their homeland.

Turkish Airlines announced plans to operate three flights per week to Damascus, with further details expected to be disclosed later in the day.

 

 

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International News

Turkish Model Arrested Over Plan To Sleep With 100 Men In 24 Hours

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A 23-year-old Turkish OnlyFans model, Ezra Vandan, also known as Azranur AV, has been detained in Istanbul for publicly announcing her plan to engage in sexual activity with 100 men within 24 hours.

The announcement, made on social media, sparked outrage and led to her arrest by the Istanbul Security Branch Directorate’s Morality Bureau.

Vandan had shared her intentions on January 14, 2025, posting a photo of herself in red lingerie with the caption: “My goal is to break a Turkish record first, then a world record! I’m starting with 100 men in 24 hours.”

She reportedly planned to live-stream the event, which was widely criticised as “obscene” and “damaging to societal morals.”

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According to reports, the post drew the attention of authorities, who initiated an investigation and apprehended her while she awaited a cosmetic surgery operation in Atasehir. Footage captured her being escorted down the stairs of a hospital by female officers, her wrists bound behind her.

In a controversial twist, Vandan allegedly uploaded a revealing image taken during her arrest by a police officer, captioning it, “I had the photo taken by one of the officers, he didn’t object much.”

Her husband, Pedram Behdar Vandan, 25, was also briefly detained but later released.

The Istanbul 6th Criminal Judgeship of Peace has charged Vandan with obscenity, resisting an officer on duty, and slander, stating that her actions and posts were “damaging to moral values” and “provocative to society.”

Defending herself in court, Vandan argued that her posts were personal and did not harm anyone. “I do not deserve to be judged,” she said.

The case has reignited debates in Turkey about personal freedom and societal values.

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International News

Train Accident In Maharashtra Claims 11 Lives After Panic Over Fire Alarm

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Eleven passengers tragically lost their lives on Wednesday in Maharashtra, India, after jumping off a moving train amid fears of a fire, only to be struck by an oncoming train.

The incident occurred in Jalgaon district, approximately 400 kilometres from Mumbai, and has once again highlighted safety issues in India’s extensive railway network, which serves millions of passengers daily.

Ayush Prasad, a senior district official, confirmed the fatalities and stated that five other passengers are receiving medical treatment. “People were run over by a train,” he said, without clarifying if the fire alarm was genuine or false.

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According to a spokesperson for Indian Railways, the chaos began when someone activated the “alarm chain” on the Mumbai-bound train, prompting several passengers to disembark. Tragically, they were struck by a train traveling in the opposite direction.

India’s interior minister, Amit Shah, expressed his grief over the incident, saying, “Deepest condolences to the families of those who lost their lives in this accident.” Maharashtra’s chief minister, Devendra Fadnavis, described the tragedy as “deeply disturbing” and said he was “deeply saddened by the tragic loss of lives” in a post on X (formerly Twitter).

Despite efforts to modernise the railway infrastructure with a $30 billion investment aimed at improving safety and connectivity, accidents remain a significant concern. Official records indicate that an average of 20,000 people died annually in rail-related accidents between 2017 and 2021.

In 2023, one of the country’s deadliest rail disasters claimed nearly 300 lives when a passenger train collided with a stationary goods train, leading to further collisions.

India continues to grapple with balancing its rapid economic growth with ensuring the safety of its ageing railway network.

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