President Bola Tinubu on Monday welcomed the imminent return of Petrobras, Brazil’s state-owned oil company, to Nigeria, five years after it suspended joint venture operations in the country. Speaking at a joint press conference in Brasília during his state visit to Brazil, Tinubu said Petrobras’ comeback would reignite economic cooperation in the energy sector between…
The Federal Government has accused the Central Bank of Nigeria (CBN) of misappropriating N2.73 trillion in interest payments on Ways and Means advances, spotlighting alleged irregularities in the management of public funds. This revelation came to light through the 2021 consolidated financial statement of the Federal Government, submitted to the National Assembly by the Auditor-General,…
The federal government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to shut down any filling stations profiteering from Nigerians by selling Premium Motor Spirit (PMS), also known as petrol, as high as N1,000 per litre. The NMDPRA alleged that several filling stations operated by independent marketers, have raised their prices…
The National Security Adviser, NSA, Mallam Nuhu Ribadu, yesterday, warned against payment of ransom to terrorists, kidnappers and other criminals. He gave the warning while receiving a fresh batch of over 60 rescued victims who had been in kidnappers’ den for over a month, following intense military pressure in Kaduna. The victims, among whom was…
The Federal Government has settled the outstanding minimum wage arrears for the staff of the Nigerian Meteorological Agency (NiMET), covering a period of 3 years and 9 months. This payment resolves a long-standing issue dating back to 2019, which had caused tensions between NiMet’s management, its employees, and labour unions. The Director General of NiMet,…
President Bola Tinubu has reiterated that he has no regrets about removing the fuel subsidy, emphasising that the decision was necessary to secure Nigeria’s financial future. Speaking on Monday during a live presidential media chat broadcast nationwide, Tinubu explained that the subsidy was draining the country’s resources and jeopardizing future investments. He said, “We are…
The Anambra State Police Command has confirmed the arrest of a notorious leader of the proscribed Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN), in Ozubulu, Ekwusigo Local Government Area. According to Zagazola Makama, a counter insurgency reporter, the operation took place on July 15 at about 2:00 a.m.,…
The Nigerian passport has recorded its highest ranking in five years, rising to 88th place out of 199 in the latest Henley Passport Index released on July 18. The index is updated regularly based on exclusive data from the International Air Transport Authority (IATA) and expert analysis on the latest shifts in passport power. Nigeria…
The Economic and Financial Crime Commission (EFCC) has begun investigation after being alleged of receiving sum of N15 million Naira from Okuneye Idris popularly known as Bobrisky. In a trending video, Martins Vincent Otse a.k.a VeryDarkMan revealed that Bobrisky said he paid N15 million to some EFCC officials to quenched his money laundering allegation. But…
The Nigeria Labour Congress, on Tuesday, warned that any attempt to interfere with Wednesday’s National Day of Protest and mourning could spark a nationwide indefinite strike. Acting General Secretary, Benson Upah, said in a statement that the union had received intelligence suggesting that unscrupulous agencies and desperate political hirelings might try to infiltrate or violently…