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…As PDP blasts APC over attack on NSE visit By Ismail Azeez, Osogbo The All Progressives Congress (APC), and Peoples Democratic Party (PDP) in Osun, have exchanged words over the Nigerian Society of Engineers (NSE) validation of Governor Ademola Adeleke’s Projects during the visit to the State. The APC State chairman, Sooko Tajudeen Lawal, in ...
The Court of Appeal in Abuja yesterday issued a directive for Yahaya Bello, the former Governor of Kogi State, to appear for trial. The Economic and Financial Crimes Commission (EFCC) had initiated proceedings in April to arraign Bello at the Federal High Court in Abuja. This action came in response to allegations of his involvement ...
By Seun Ibiyemi The Federal Government has revealed that it will commence selling crude oil to the Dangote Refinery in naira starting from October 1, 2024. This decision was made known by the Minister of Finance, Wale Edun during a meeting with the Implementation Committee in Abuja on Monday. The announcement was made via a ...
...Declares N2.1trn dividend ...Targets 2mbpd Crude Oil Production by Dec 2024 ...Appeals for calm amid fuel scarcity The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared a net profit of N3.3 trillion at the close of the financial year which ended in December 2023. This represents an increase of over N700 billion (28 percent) ...
By Matthew Denis The Nigeria Police Force has called Joe Ajaero, the President of the Nigeria Labour Congress (NLC), to answer questions regarding serious allegations including terrorism financing and cybercrime. The police issued a formal invitation to Ajaero, stating that he must appear for questioning on Tuesday, 20th August 2024, at 10:00 AM. The letter, ...
President Bola Tinubu on Monday sacked Jalal Arabi as the Executive Chairman of the National Hajj Commission of Nigeria over allegations of mismanaging Hajj subsidies to the tune of N90bn. Arabi’s sacking comes as he is being investigated by the Economic and Financial Crimes Commission for illegal withdrawal and alleged mismanagement of the 2024 Hajj ...
Ogun State has joined the league of rice-producing states in the country with the flagging off of the harvest of 200 hectares of farmland at Magboro Rice Farm in Obafemi-Owode Local Government Area of the state. The farm is the brainchild of the Ogun State Economic Transformation Project, supported by the World Bank and aimed ...
By Ismail Azeez, Osogbo The Adeleke family recently held a grand thanksgiving service in honour of their late matriarch, celebrating her life and legacy with a significant donation of N1 billion to the centenary Endowment Fund of the Cherubim and Seraphim Church. The event, marked by heartfelt tributes and elaborate ceremonies, reflects the family’s commitment ...
...Seeks review of Customs Act to affirm Ministries power to determine exchange rate By Esther Agbo The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over the unpredictable and prohibitive exchange rates used for cargo clearance in Nigeria, warning that this situation could jeopardise the ability of the Nigeria Customs Service to ...
Senator Ibikunle Amosun and Professor Pat Utomi have clashed over a contentious financial dispute involving Ogun State’s investments and a Chinese company’s legal actions. The conflict centres on a claimed breach of contract by the Ogun State Government that allegedly led to Utomi losing N200 million and business partners, amid controversial seizure of Nigerian presidential ...
…Tells NASS to ‘stop paying running costs into personal accounts’ A damning allegation of financial mismanagement has been levelled against the National Assembly (NASS) as a leading anti-corruption group, the Socio-Economic Rights and Accountability Project (SERAP), demands a probe into the body’s monthly running costs. According to SERAP, NASS members receive a staggering N21 million ...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has asserted that it is the largest contributor to the Federal Government’s tax revenue, amid recent criticisms and allegations of financial mismanagement. The national oil company has come under fire recently for failing to remit revenue to the Federation Account and owing a substantial debt of $6.8 ...
The Nigerian military has announced that its troops have neutralised 147 terrorists, apprehended 381 suspects, 23 perpetrators of oil theft and rescued 113 kidnapped hostages across the country in the last week. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, made this known while briefing journalists on the operations of the armed forces on ...
By Sodiq Adelakun Lagos State Governor, Babajide Sanwo-Olu, has launched the Lagos State Revenue Portal (LRP), a digital platform designed to simplify non-tax revenue payments for residents. The portal, which is part of the state government’s effort to make Lagos a smart city, will enable individuals and businesses to access various services related to revenue ...
Nigeria's inflation rate experienced a notable decline for the first time in 19 months, falling to 33.40 percent in July, according to the National Bureau of Statistics (NBS). This decrease, reported in the NBS Consumer Price Index (CPI) and Inflation Report, marks a 0.8 percentage point drop from June's 34.19 percent. Despite this decline, the ...
The Federal Government, through the Debt Management Office, on Wednesday announced plans to issue N500 million dollars local bonds to boost dollar liquidity. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said this on Thursday in Lagos at an investor meeting for the bond issuance. Edun assured Nigerians that the economy ...
…Ogun Govt flays seizure, says Zhongshan’s actions ‘fraudulent’ …An embarrassing leadership failure — Obi blasts FG Fresh concerns have arisen following the judgement of a Paris court ordering the seizure of three jets owned by the Government of Nigeria. The aircrafts include a Dassault Falcon 7X, a Boeing 737, and an Airbus A330—had either been ...
The Speaker of the House of Representatives, Abbas Tajudeen, has withdrawn the Counter Subversion Bill and other related draft legislations following widespread public concern. The decision was announced in a press statement on Wednesday, after extensive consultations with various stakeholders and a careful assessment of the nation’s current circumstances. The Counter Subversion Bill, which was ...
Consumer debts and vandalism of power infrastructure have been identified as factors hindering the growth of the power sector, Minister of Power, Oloye Adebayo Adelabu has revealed. The Minister disclosed this yesterday when he received members of the Civil-Military Cooperation (CIMICO), Civil Committee on Energy. Speaking, Adelabu blamed the current challenges facing the sector on ...
The Federal Government has warned those planning to unleash havoc in next month’s governorship election in Edo State to perish the thought. National Security Adviser (NSA), Nuhu Ribadu, gave the warning on Wednesday in Abuja at the third regular quarterly consultative meeting of the Inter-Agency Consultative Committee on Election Security (ICCES) hosted by the Independent ...
The Ogun State government on Tuesday has launched a health insurance scheme designed for the formal sector, comprising civil servants, public servants, and workers in the organised private sector, as part of activities lined up for the 2024 Public Service Week. It would be recalled that the State Governor, Prince Dapo Abiodun, launched the scheme ...
The Federal Government has initiated plans to set up an ammunition factory to bolster the nation’s defence system. This was disclosed at the signing of a Memorandum of Understanding (MoU) between the National Agency for Science and Engineering Infrastructure (NASENI) and the Ministry of Defence. During the MoU signing ceremony, the Executive Vice Chairman of ...
…Council of State warns against insurrection, supports democratic process …Finance Minister presents update on economy, highlights progress under Tinubu By Matthew Denis Amidst the skyrocketed inflation and the just concluded nationwide Hunger Protests, the National Council of State, consisting of former Presidents, Heads of State, top legislative leaders, and state governors, has unanimously passed a ...
