The House of Representatives is considering a constitutional amendment bill aimed at increasing the derivation fund from the current “not less than 13 percent” to not less than 50 percent for the development of all States and regions where mineral resources are extracted. The bill sponsored by Awaji-Inombek Abiante and eight other members of the…
The Federal Government has filed a six-count charge against nine defendants for allegedly publishing false information on October 16 that the Department of State Services (DSS) laid siege to the National Assembly with a view to effecting the impeachment of the Senate President, Godswill Akpabio. The charge, marked: FHC/ABJ/CR/555/2024 was filed before the Federal High…
Three bodies have been recovered following reports that an aircraft, with eight persons on board, ditched into the waters near Bonny Finima in the Atlantic Ocean. The accident occurred on Thursday 24th October 2024 around 11:22 am along the waterways in Port Harcourt. The helicopter, a Sikorsky SK76 with registration 5NBQG and operated by East…
The House of Representatives has asked the Central Bank of Nigeria(CBN) to make available more new notes of N200, N500 and N1,000 as well as begin a gradual withdrawal of the old notes from circulation. The House also asked the CBN to direct commercial banks to issue more new notes to customers and engage in…
Professor Humphrey Nwosu, the former Chairman of the National Electoral Commission (NEC) from 1989 to 1993, has passed away. Nwosu was instrumental in organizing Nigeria’s historic June 12, 1993 election. Nwosu died in a Virginia hospital in the United States at the age of 83, according to SaharaReporters. Appointed by the then military ruler, General…
Nigeria has officially joined BRICS as a partner country, alongside 12 other nations, further strengthening its economic ties with the intergovernmental bloc. This announcement was made at the ongoing BRICS summit in Kazan, Russia, held from October 22 to 24, 2024. Nigeria’s inclusion comes on the heels of a significant surge in foreign capital inflows…
President Bola Tinubu wielded his big stick on Wednesday, and like a surgeon in a theatre, he used his surgical knife, yanked off five ministers, redeployed 10 and appointed seven fresh nominees as ministers to replace the sacked ones as well as two others — Betta Edu who was initially suspended, and Simon Lalong who…
Hon. Kevin Solomon Olaolu, the Senior Special Assistant on Youths and Students Affairs to the Ondo State Governor has extended warm congratulations to Hon. Ayodele Olawande on his appointment as the Honourable Minister for Youths Development. In the wake of the recent Federal Executive Council reshuffle by President Bola Ahmed Tinubu, Hon. Ayodele Olawande, formerly…
Governor Seyi Makinde of Oyo State has warned the All Progressives Congress (APC) and its national chairman, Abdullahi Ganduje, ahead of the November 16 governorship election in Ondo State. Makinde, who is the chairman of the Peoples Democratic Party (PDP) in the Southwest said that the APC will face defeat in the election. Makinde’s remark…
Nigeria is now part of eleven African countries that have seen worsening governance levels in the last ten years dating back to 2014. A new report titled, “2024 Ibrahim Index of African Governance” published by the Mo Ibrahim Foundation saw Nigeria fall three places from 30th on the continent to 33rd. According to the report,…