The World Bank, yesterday, described the Budget 2025 key assumptions of 2.1 million barrels per day oil production and $73 per barrel price as ambitious given the current production level of 1.6mbpd and $60pb price at the international market. The Federal Government however disagreed, saying that the assumptions were based on the potentials of the…
Tragedy visited Plateau state on Monday evening as three persons lost their lives while four sustained degree of injuries as a trailer rammed into a tricycle. The incident happened along Farin Gada road in Jos North. Peter Yakubu, spokesperson of the state command of the Federal Road Safety Corp (FRSC), and Nura Ussaini Magaji, State…
The leader of the Indigenous People of Biafra, Nnamdi Kanu, will appeal against the life imprisonment and other jail terms handed down by Justice James Omotosho of the Federal High Court in Abuja, his former lawyer and consultant, Aloy Ejimakor, has said. Kanu was sentenced to life imprisonment on counts one, two, four, five, and…
GISTSMATE MEDIA reports that President Bola Ahmed Tinubu arrived in Brasilia, the capital of Brazil, on Sunday for a State visit. Tinubu visited Brazil at the invitation of President Luiz Inácio Lula da Silva, one of Nigeria’s biggest supporters and partners, Olusegun Dada, an aide to the presisent on social media said. According to Dada,…
Former Vice President, Atiku Abubakar has called on President Bola Tinubu’s administration to immediately release Abubakar Salim Musa, describing his arrest as part of a growing crackdown on dissent in Nigeria. Atiku made the call in a statement issued on Monday, following a report by Amnesty International Nigeria on the arrest of the young Nigerian…
President Bola Tinubu has extended his heartfelt congratulations to the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalisation of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on Tuesday. A statement by Special Adviser to the President (Information & Strategy), Bayo Onanuga on Tuesday, said the president acknowledged…
The Federal Capital Territory Administration (FCTA) has sealed a Federal Inland Revenue Service (FIRS) office in Abuja over alleged non-payment of ground rent spanning 25 years. This action was confirmed on Monday by the Senior Special Assistant to the FCT Minister on Media, Lere Olayinka, via his X (formerly Twitter) handle. According to him, the…
President Bola Tinubu says Africa holds a significant portion of the world’s mineral reserves, including 92 per cent of global platinum, 56 per cent of cobalt, and 54 per cent of manganese, yet underdeveloped. The President attributed the continent’s underdevelopment to the fact that the resources were primarily extracted and exported to foreign countries for…
There was commotion at the entrance of the federal ministry of finance in Abuja on Monday, when protesting local contractors prevented Doris Uzoka-Anite, the minister of state for finance, from accessing the complex. The protesters, under the aegis of the All Indigenous Contractors Association of Nigeria (AICAN), blocked the gate of the ministry over debt…
The Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB) has released the names of candidates shortlisted for the computer-based test (CBT) for the paramilitary agencies’ recruitment. This is contained in a statement by the secretary to the board, retired Maj.-Gen. Abdulmalik Jubril, on Wednesday in Abuja. The agencies are the Nigerian Correctional Service, the…
