Lagos State Governor, Babajide Sanwo-Olu, has commended President Bola Tinubu for the bold move to remove fuel subsidy, estimating that it will save Nigeria approximately $2.5 billion in budgetary expenditure. In an interview on Sky News, UK, Sanwo-Olu highlighted the unprecedented audacity of the President in taking such a step, emphasising the potential redirection of…
The Nigerian naira experienced a significant surge against the US dollar, closing at N791.75/$1 in the official market on November 17, 2023. This substantial appreciation of 6.24% brought relief to experts who anticipated a positive impact from the Central Bank of Nigeria’s (CBN) recent move to clear a portion of its foreign exchange (FX) backlog,…
The Federal Government has reversed its decision to automatically deduct 40% from the Internally Generated Revenue (IGR) of tertiary institutions. President Bola Ahmed Tinubu announced the cancellation of the policy at the 75th Founder’s Day ceremony of the University of Ibadan. Tinubu, represented by the Minister of Education, Tahir Mamman, referred to the policy as…
The High Court of the Federal Capital Territory has remanded 13 members of the Petroleum Tanker Drivers (PTD) branch of the National Union of Petroleum and Natural Gas Workers (NUPENG) in Kuje prison. This follows their arraignment on a five-count criminal charge for the alleged attempted murder of the national president of NUPENG, Williams Akporeha,…
A total of 613 family members of deceased police officers, who sacrificed their lives in service to the country, have received death benefits amounting to N2,276,110,966.80. The Inspector-General of Police, Kayode Egbetokun, presented the Settlement Group Life Assurance and IGP Family Welfare Scheme benefits to the beneficiaries. The Life Assurance Scheme is funded by the…
In October 2023, Nigeria experienced a surge in security incidents, recording 935 incidents, 1,127 fatalities, and 518 abductions, according to a monthly security report by Beacon Consulting Ltd. The report, covering the period October 1–31, 2023, highlighted a significant increase in security challenges compared to previous months. The North-East region recorded the highest number of…
The Appeal Court has affirmed the decision of the tribunal led by Justice Oluyemi Akintan Osadebay to sack the Governor of Kano State, Nasir Yusuf Gawuna, on the grounds that he was not eligible to contest the election. The lower court had declared 165,663 votes of Yusuf invalid, reducing his total votes to 853,939, while…
In a show of solidarity, residents of Kogi State gathered at the Independent National Electoral Commission (INEC) headquarters in Abuja to express their unwavering confidence in the electoral process and support for Governor-elect Usman Ododo. The protestors, comprised of Kogi indigenes, issued a stern warning to individuals posing as opposition parties in the state, cautioning…
In the past three days, Operation Delta Safe has intensified its air operations, targeting and destroying six illegal refining sites and five Cotonou boats in Rivers State, Nigeria. Air Commodore Edward Gabkwet, the spokesperson for the Airforce, reported that on November 12, intelligence indicated the presence of three active Illegal Refining Sites (IRS) and two…
Legal challenges have emerged over the appointment of Ola Olukoyede as the Chairman of the Economic and Financial Crimes Commission (EFCC) in Nigeria. Victor Opatola, an Abuja-based legal practitioner, has filed a lawsuit against the federal government and the National Assembly, specifically contesting the validity of Olukoyede’s appointment. In the suit filed at the Federal…