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…As Security Forces eliminate 8,034 terrorists, rescue 7,967 hostages — ONSA reveals The National Bureau of Statistics (NBS) has revealed that Nigerians paid a staggering N2.3 trillion in ransom over a 12-month period, amidst the worsening security situation in the country. The data, which comes from the 2024 Crime Experience and Security Perception Survey (CESPS), ...
The Jigawa State Government has revealed it has saved over N3.7 billion following the identification of 6,348 ghost workers. This was disclosed by the Commissioner for Information, Youths, Sports, and Culture, Mr. Sagir Musa, in a statement issued on Tuesday. Musa explained that the ghost workers were uncovered after the completion of a comprehensive staff ...
..As asset recovery committee swings into action, decries cost of new vehicles ..Says misused Govt vehicles will be reallocated for public good The Edo State Government has issued a strong directive to the Peoples Democratic Party (PDP) candidate in the recent governorship election, Asue Ighodalo, and other prominent party members to return all government vehicles ...
The Economic and Financial Crimes Commission (EFCC) has made its largest single-day operation, arresting 792 suspects allegedly involved in cryptocurrency and romance scams in Lagos. The crackdown, which took place on December 10, 2024, occurred at a seven-storey building on Victoria Island, identified as a hub for fraud activities. The suspects include 158 foreign nationals, ...
By Sodiq Adelakun Lagos State Governor, Mr. Babajide Sanwo-Olu, has officially commissioned the newly reconstructed Babafemi Dada link road and bridge, along with the Yinka Folarin, Jamiu Lawal, and Shalom Academy Road Network, located in Alimosho Local Government Area. In his address to the gathered crowd, Governor Sanwo-Olu highlighted that responsive governance is defined by ...
The Ogun State Commissioner for Works and Infrastructure, Engr. Ade Akinsanya, has revealed that the Ogun Gateway Agro-Cargo Airport currently features the longest runway in Nigeria. He further stated that the airport is 95% complete and awaiting approval to begin its commercial operations. Speaking to journalists during a tour of the facility, Engr. Akinsanya confirmed ...
Shell’s investment in the Bonga North deep-water project, located off the coast of Nigeria, is expected to boost the country’s crude oil production by 100,000 barrels per day (bpd). Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced its final investment decision (FID) on the Bonga North project. The ...
By Seun Ibiyemi The Federal Government has approved free train rides nationwide for commuters from December 20, 2024, to January 5, 2025. This announcement was made by the Minister of Information and National Orientation, Mohammed Idris, during a press briefing following the Federal Executive Council (FEC) meeting, which was presided over by President Bola Ahmed ...
United Bank for Africa (UBA), through its corporate social responsibility arm, the UBA Foundation, has donated N500 million to the Lagos State Security Trust Fund (LSSTF) as part of its ongoing commitment to fostering a secure environment for individuals and businesses. The N500 million cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, by ...
...As Tinubu shifts 2024 budget presentation to NASS to Wednesday ...Inflation rises to 34.60%, highest in 26 years By Seun Ibiyemi and Matthew Denis The Federal Executive Council (FEC) on Monday approved the 2025 budget proposal. The Minister of Budget and Economic Planning, Senator Atiku Bagudu, disclosed this during a briefing with State House correspondents ...
...Calls for accountability in MDAs over widespread corruption revealed in 2021 auditor’s report Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu over “the failure to direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN to work with appropriate anti-corruption agencies to probe allegations ...
...Debate intensifies as Nigerians weigh in on ex-British Minister’s comments By Sodiq Adelakun Mixed reactions have trailed controversial comments made by Kemi Badenoch, the British Conservative Party leader, regarding her negative experiences with the Nigerian police. Speaking in a recent interview, Badenoch claimed that Nigerian police officers had robbed her family, describing her encounters as ...
The Dangote Refinery and Petrochemicals complex has been lauded as an extraordinary achievement, showcasing Nigeria’s technological advancements on the global stage. This praise was shared by a delegation from the Japanese business community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo. The Dangote Group also highlighted the growing global demand for its petroleum ...
...As Niger, Mali, Burkina Faso say ECOWAS exit is irreversible By Seun Ibiyemi and Sodiq Adelakun In a historic move, Nigeria has made its first full payment to the Economic Community of West African States (ECOWAS) in 19 years, contributing N85.54 billion and $54 million for the 2023 levy and part of 2024. This payment ...
...Orders pause on non-court-ordered structures ...As Wike vows to continue crackdown The Senate has initiated a probe into the recent demolitions in the Federal Capital Territory (FCT), following a contentious dispute regarding the actions of the Minister of the FCT, Nyesom Wike. The decision to investigate was made on Thursday after Senator Ireti Kingibe, representing ...
Seplat Energy Plc, a leading Nigerian energy company listed on both the Nigerian Exchange Limited and the London Stock Exchange, has successfully completed its acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. This landmark transaction marks a significant step in Seplat Energy’s growth, doubling the company’s production capacity and solidifying its position as Nigeria’s ...
The Governor of Ondo State, Hon. Lucky Orimisan Aiyedatiwa, has signed four new executive orders designed to foster a conducive environment for business growth, improve physical planning, and protect owners of landed properties. The first executive order focuses on the conduct of government business by various Ministries, Departments, and Agencies (MDAs) and aims to enhance ...
By Seun Ibiyemi The Director-General of the National Pension Commission (PenCom), Omolola Oloworaran, has announced that pension fund assets in Nigeria reached N21.92 trillion as of October 2024, although challenges continue to affect the industry. Oloworaran made this announcement on Thursday, highlighting that these challenges are being addressed through various initiatives, including a comprehensive review ...
Access Holdings Limited has informed the public and the Nigerian Exchange that its subsidiary, Access Bank Limited, is acquiring a 100% stake in South Africa’s Bidvest Bank. This comes two days after Access Holdings announced that Access Bank UK has established its first fully owned subsidiary in Malta to strengthen trade ties between Europe and ...
The Folorunsho Editor’s Poetry Prize 2024 has been awarded to Samuel A. Betiku and Marvellous Igwe for their exceptional works, 'Lances at the Hedges of Light' and 'New Man,' respectively. The winners were announced at the 14th Nigerian NewsDirect Lecture and Award Ceremony which took place at the Oriental Hotel, Lagos, drawing a distinguished audience of ...
The Gateway International Agro-Cargo Airport has been certified as world-class by a cross-section of regulatory agencies in the aviation industry, who visited the airport yesterday. The agencies involved in the inspection, including the Nigerian Civil Aviation Authority (NCAA), Nigerian Airspace Management Agency (NAMA), and the Nigerian Meteorological Agency (NiMet), unanimously deemed the airport to be ...
...Says ECOWAS will not tolerate unconstitutional govts in W’Africa In a firm stance towards restoring peace and stability in West Africa, Nigerian President Bola Tinubu has reiterated that the Economic Community of West African States (ECOWAS) will prioritise diplomacy over punitive measures in addressing the political crises in Mali, Niger, and Burkina Faso. Tinubu, who ...
…Says decentralising VAT collection will halve revenue for all states …Nigeria on threshold of fundamental economic reform through tax bills – Minister By Matthew Denis The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has urged the Supreme Court not to rule in favour of the States in the ongoing dispute over ...
