The Lagos State chapter of the Peoples Democratic Party (PDP) has declared its intent to contest the recent ruling by the Appeal Court, which upheld Governor Babajide Sanwo-Olu’s victory in the March 18 gubernatorial election. Speaking to journalists in Lagos, Hakeem Amode, the PDP Publicity Secretary in Lagos, revealed the party’s decision to pursue further…
The total public debt for Nigeria’s 36 states and the Federal Capital Territory stands at N9.17 trillion, as reported by the Debt Management Office (DMO). In response to concerns over alleged mismanagement of public funds, the Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank to suspend loans to Nigeria’s states. In a…
The Federal Government of Nigeria is embarking on an initiative to bolster job creation and provide robust support to Micro, Small, and Medium Enterprises (MSMEs). Plans are underway to raise £200 million from philanthropic organizations, a strategic move to fuel economic growth across the nation. Temitola Adekunle-Johnson, Senior Special Assistant to the President on MSMEs…
President Bola Tinubu has ushered in a new era for the Nigerian National Petroleum Company Limited (NNPCL) by approving the appointment of a revamped Board and Management team, effective December 1. This strategic move aligns with Section 59 (2) of the Petroleum Industry Act, 2021. Chief Pius Akinyelure takes the helm as the Non-Executive Board…
The Federal Executive Council (FEC) has granted approval for the 2024 appropriation bill, endorsing a revised budget of N27.50 trillion, reflecting a substantial increase of N1.5 trillion from the initial estimate. The government’s original proposal of N26.2 trillion underwent scrutiny, prompting a reassessment of the Medium Term Expenditure Framework (MTEF) approved by the National Assembly….
A political storm has erupted in Delta State over the cost of four road projects awarded to Julius Berger Nigeria PLC in Warri and Effurun metropolises. Governor Sheriff Oborevwori disclosed a cumulative contract sum of N77,997,159,339.91 for the projects, emphasizing their importance in easing traffic congestion and enhancing infrastructure. However, the Delta State APC, led…
In a significant breakthrough, the Imo State Police Command has apprehended 18 individuals suspected to be members of the proscribed IPOB/ESN. This development is linked to the tragic incident involving the killing of the Divisional Police Officer (DPO) in charge of Ahiazu Mbaise and an Inspector of Police at BOEK Petroleum Filling Station, Ahiara Junction,…
The Nigerian Naira experienced intraday fluctuations, reaching a high of N1130 against the U.S. dollar, signaling volatility in the official market. Despite the initial depreciation, the currency closed unchanged in the parallel market. This depreciation followed a recent gain against the dollar in the official market, where the exchange rate reached N814.60/$1 on Thursday. However,…
Former Vice President Atiku Abubakar has expressed dissatisfaction with the management of the American University of Nigeria (AUN), which he founded 19 years ago. Speaking at an event marking this year’s celebration of the institution’s Founder’s Day, Atiku revealed his frustrations, stating that the university has not firmly established itself as he envisioned. During the…
A wave of insecurity continues to grip Imo State in Nigeria’s South-east as gunmen launched a deadly attack, killing two police officers at Ahiara Junction in Ahiazu Mbaise Local Government Area. The assailants struck on Monday during the visit of the newly appointed Commissioner of Police in the state, Danjuma Aboki, to officers in the…