Politics

Former presidential candidate and Taipei mayor Ko Wen-je has been indicted on corruption charges, with prosecutors seeking up to 28.5 years in prison. The 65-year-old politician is accused of accepting $500,000 in bribes related to real estate dealings during his mayoral tenure and misreporting campaign finances from his recent presidential bid. Ko, who has denied the allegations, was arrested in September and remains in detention. He is among 11 individuals being prosecuted, including several members of his Taiwan People's Party who face charges of misappropriating political donations. The indictment comes after Ko's significant showing in January's presidential election, where he secured over 25% of the vote, finishing third behind the ruling Democratic People's Party candidate Lai Ching-te, who received 40%. Ko had positioned himself as an alternative to Taiwan's two main parties, criticizing the DPP's approach to Beijing relations while […]

NNPC has reduced petrol prices to N965 in Abuja and N925 in Lagos, marking the second price cut in two weeks. This adjustment appears to respond to similar price changes by the Dangote refinery. The new prices are already in effect at various NNPC stations across Abuja, including Wuse Zone 1, Wuse Zone 4, Mabushi, and Lugbe retail stations, though long queues persist. Independent and major marketers continue to sell at higher rates between N1,030 and N1,070. IPMAN has assured sufficient petrol stock for the Christmas season, with its Publicity Secretary, Mr. Chinedu Ukadike, highlighting how deregulation allows market forces to determine prices. The association encourages its members to align with new market rates for competitiveness. MRS Oil Nigeria Plc has implemented a nationwide petrol price of N935 following its partnership with Dangote Petroleum Refinery. The refinery reduced its ex-depot […]