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News
Federal Capital Territory (FCT) Minister, Ezenwo Nyesom Wike, has reiterated his commitment to tackling criminal activities in Abuja, emphasizing that improved security will lower the cost of living by enabling farmers to return to their fields. Speaking on Tuesday during the flag-off of the 9.8-kilometer Kabusa-Takushara road project, Wike assured residents that the road, featuring a two-lane, seven-meter carriageway with solar-powered streetlights, will be completed within six months. He also…
Governor Francis Nwifuru of Ebonyi State has suspended the Commissioner for Local Government and Chieftaincy Matters, Uchenna Igwe over allegations of gross misconduct and dereliction of duties. The announcement came during a media briefing on Tuesday, where Nwifuru cited Igwe’s failure to oversee the timely payment of local government pensions by council chairmen. This latest suspension marks the fourth within a week. On November 25, 2024, Nwifuru indefinitely suspended Chinedu…
Nigeria stands as the African leader in oil refining infrastructure, with nine refineries, more than any other nation on the continent. Africa’s role in the global energy market is significant, producing nearly 10 million barrels of oil daily as of 2024. Yet, the continent’s refining capacity has struggled to meet its fuel demands. Five nations which include Nigeria, South Africa, Ghana, Angola, and Sudan boast the highest number of oil…
The Ekiti State Commissioner of Police, Mr. Adeniran Akinwale, has defended the recent arrest of Lagos-based human rights activist, Dele Farotimi, for alleged cyberbullying and defamation. In an interview with a correspondent on Tuesday, December 3, Akinwale stated that Farotimi was arrested due to charges including defamation of character, cyberstalking, and other related offenses, which he claimed had been “fully established.” “We are investigating him. If the suspect is arrested,…
The Economic and Financial Crimes Commission (EFCC) has linked the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to a massive property in Abuja, consisting of 753 duplexes and other apartments. The property, located in the Cadastral Zone area of the capital, spans 150,500 square meters and was recovered following a court ruling on December 2, 2024. This marks one of the EFCC’s largest asset recoveries since…
Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), has hinted that his in-law, Pastor Bayo Adeyokunnu, might succeed the late Oba Adekunle Aromolaran as the Owa of Obokun of Ijeshaland in Osun State. Adeyokunnu, who serves as the Deputy Continental Overseer of RCCG in the United States, is reportedly being considered as a possible successor to the throne following the death of Oba Aromolaran…
The Federal Government has raised $2.2 billion in Eurobonds to fund the fiscal deficit in the 2024 budget. According to a statement by the Debt Management Office (DMO), the bonds will mature in the international capital markets in 2031 (6.5-year) and 2034 (10-year). The statement noted that the funds have $700 million and $1.5 billion placed in the 2031 and 2034 maturities, respectively. The 6.5-year and 10-year notes were priced…
Tax Reform Bills: Tinubu directs Justice Ministry, NASS to address ‘genuine concerns’ before passage
President Bola Tinubu has directed the Federal Ministry of Justice to work with the National Assembly to ensure that “genuine concerns” associated with the Tax Reform Bills are addressed before they are passed by lawmakers. Minister of Information and National Orientation Mohammed Idris disclosed this in a statement on Tuesday, December 3. “In line with the established legislative procedure, the Federal Government welcomes meaningful inputs that can address any grey…
Akpooh Edet, a 35-year-old suspect, has been apprehended by security operatives for staging his own abduction and demanding a ransom fee of N50 million from his boss. The male suspect works as a security guard at Rubber Estate in Ose River, Ovia South West Local Government area of Edo State. The Hope Newspaper reported that Edet was arrested after Edo Command of the Department of State Security (DSS) contacted the…
The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed its commitment to advancing local content development in Nigeria’s energy sector, aiming to foster sustainable growth and innovation within the industry. This commitment was expressed by the Group Chief Executive Officer (GCEO), Mele Kyari, during the 13th Practical Nigerian Content (PNC) Forum held in Yenagoa, Bayelsa State. Kyari, represented by Udobong Ntia, Executive Vice President of Upstream, emphasised that the forum…
The Economic and Financial Crimes Commission, EFCC, has explained why it did not mention the name of anyone linked to the 753 duplexes and other apartments on Plot 109 Cadastral Zone C09 it recovered in Lokogoma District, Abuja. The EFCC had described the recovery of the estates as ‘record-breaking’ after it got the court order to take over the property. The EFCC had described the owner of the estate as…
The police detective in Nyahururu has intercepted and seized 22,000 litres of ethanol moved from Malaba border towards Nairobi, the capital of Kenya. Through the Directorate of Criminal Investigation-Kenya (DCI) disclosure on their X page on Tuesday, it was revealed that two suspects, Victor Kitavi, the driver, and Dickson Wandera, were arrested after an attempt to flee the scene. The “uncustomed goods,” as described by DCI, were intercepted following an…
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