President Bola Tinubu has approved the appointment of Thompson Oludare, as the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC). The president also approved the appointment of Kabir Kataka as the Executive Director at the NDIC. These appointments were contained in a letter addressed to the leadership of the Nigeria Senate. Tinubu in the…
The Debt Management Office (DMO) has announced that the Federal Government has successfully recorded a total of N2.205 trillion subscriptions through the Sovereign Sukuk since its debut in 2017, representing an oversubscription of 735%. This is according to a new circular issued on Wednesday, 28 May 2025 by DMO. DMO had announced the issuance of…
The presidency on Wednesday dispelled widespread misconceptions surrounding President Bola Ahmed Tinubu’s recent correspondence to the National Assembly regarding Nigeria’s 2025–2026 borrowing plan. Contrary to reports suggesting that the President is seeking to borrow a lump sum of $20 billion, the special assistant to the president on social media, Dada Olusegun, clarified that the communication…
The Federal Government of Nigeria has announced a monthly stipend of N45,000 for students enrolled in technical colleges across the country, in a move to revamp the Technical and Vocational Education and Training (TVET) sector. The initiative was disclosed by the Executive Secretary of the National Board for Technical Education (NBTE), Prof. Idris Bugaje, during…
The four tax reform bills submitted by President Bola Ahmed Tinubu in October 2024 are now ready for presidential assent following the harmonisation of the versions of the bills passed by both chambers of the National Assembly. At plenary on Wednesday, the House of Representatives considered the report of the conference committee, which harmonised the…
The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has donated three acres of land to the International Council for Ifa Religion for the construction of the World Ifa Temple. This was aimed at promoting its activities and establishing the largest pilgrimage site for Yoruba traditional worshippers across the world. The ICIR announced this in…
Over 24 hours after President Bola Ahmed Tinubu’s directive to unseal properties confiscated due to non-payment of ground rent, the national headquarters of the main opposition party, Peoples Democratic Party (PDP), is still under lock and key. On Monday, officials of the Federal Capital Territory Administration (FCTA) embarked on mass sealing of properties, triggering outcry….
An Ikeja Special Offences Court on Tuesday sentenced Mamman Ali and Christian Taylor to 14 years’ imprisonment each over a N2.2 billion oil subsidy fraud. Ali, son of a former National Chairman of the Peoples Democratic Party (PDP), Ahmadu Ali, and Taylor were charged by the Economic and Financial Crimes Commission (EFCC). The EFCC charged…
President Bola Tinubu has restated his administration’s unwavering commitment to fighting corruption and recovering looted public funds, declaring that there will be no safe haven for corruption in Nigeria. Tinubu made the declaration on Tuesday at the Ministry of Justice Asset Recovery Summit in Abuja with the theme “Synergising Towards an Effective Assets Recovery and…
The villagers of Eziagu in Enugu have uncovered a horror hidden behind the flashy lifestyle of a so-called Billionaire. What appeared to be a soakaway pit in his home turned out to be a mass grave—filled with the decomposing remains of his victims, including pregnant woman. Witnesses claim the estranged billionaire buried them alive for…