New fuel price: DPR seals 10 petrol stations in Kwara

The Department of Petroleum Resources (DPR) on Tuesday shut down 10 petrol stations in Ilorin, the Kwara capital, for refusing to dispense fuel at the new rate of N87 per litre.

The Federal Government had on Sunday night reduced petrol pump price from N97 to N87 per litre.

The Operation Controller of the DPR in Kwara, Mr Amos Jokodola, who led the enforcement team, said the excuse given by the affected stations for failure to comply with government's directive was unacceptable.

Islamic bank to begin operation in Kwara, Lagos -- Jaiz Bank

The Jaiz Islamic Bank in Nigeria is set to open its branch offices in kwara and Lagos states.

Dr Mizanur Rahman, Representative of the Jaiz Islamic Bank in Nigeria, made the statement at the jointly organised thematic workshop on Development of Islamic Banking in Africa at the Alhikmah University in Ilorin.

The workshop was jointly organised by the Research and Training Institute (IRTI) in Saudi Arabia, the University of Ilorin and Al-Hikmah University.