The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the country has saved $20bn by abolishing the petrol subsidy and adopting market-based foreign exchange pricing. Edun said this at an event in Abuja marking the first 100 days in office of Esther Walso-Jack, Head of the Civil Service of the Federation. President Bola Tinubu had in May last year announced the removal of fuel…

Ojochenemi Onje, a BusinessDay newspaper’s defence correspondent was on Friday abducted. She was abducted by kidnappers commonly called “one chance operators” on her way from office in the Federal Capital Territory, Abuja. Meanwhile, she has regained her freedom from the kidnappers. The female journalist’s freedom was confirmed on Saturday morning by some of her colleagues. Though, it is not clear whether any ransom was paid to secure her release. No…

… Dismantles drug syndicate run by Chinese man The head of a cocaine distribution cartel, Ndive Maxwell Obinna, has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA. The 42-year-old was arrested with five of his associates at Ago Palace Way in Okota, Isolo, Lagos. A total of 2.412 kilograms of cocaine were recovered from them. Other members of the drug trafficking organization arrested along Obinna include:…

IA good news has come the way of Nigerians as the Dangote Petroleum Refinery announced on Sunday that it has reduced the price of its Premium Motor Spirit from N990 per litre to N970/litre. According to a Punch report, this is the amount marketers would buy the product from the refinery. The Group Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina, in a statement released on Sunday,…

The founder of INRI Evangelical Spiritual Church, Primate Elijah Ayodele has alerted Nigerian security operatives about an impending attack on traditional rulers in the country. In a statement signed by his media aide, Osho Oluwatosin, Primate Ayodele revealed that the terrorists are planning to kidnap Emirs and attack palaces across the country between December and February 2025. He added that there would also be a high influx of attacks on…

The oldest cleric in Nigeria, Thomas Oleghe, is dead. Oleghe, a Catholic priest, died at the age of 104. According to a statement by Gabriel Dunia, the Bishop of Auchi, Oleghe passed away at approximately 2:30 am on Sunday and will be buried on Wednesday, November 27, 2024. The statement read: “With gratitude to God for a life well lived on earth, I hereby inform you of the passing of…

Beauty queen, Chidimma Adetshina, who pulled out of the Miss South Africa competition when her nationality was questioned, said she wants to relocate to Nigeria, after coming second in the Miss Universe pageant while representing the West African country. Chidimma Adetshina, whose father is Nigerian, was crowned Miss Universe Africa and Oceania and was runner-up to Denmark’s Victoria Kjar Theilvig in Mexico on Saturday night. The 23-year-old law student withdrew…

A Nigerian woman has been arrested by the 444th Combat Brigade in Tripoli, Libya, during a sting operation for allegedly possessing approximately 2 kilograms of cocaine. It was gathered that the woman, in collaboration with foreign accomplices, attempted to distribute the drugs on the local market. Migrant Rescue Watch, a humanitarian monitoring group, disclosed the arrest on Saturday via their X (formerly Twitter) account. According to the report, the woman…

Vice President Kashim Shettima has paid glowing tributes to two distinguished elder statesmen from Katsina State, Alhaji Ahmadu Kurfi, former Executive Secretary of the Federal Electoral Commission (FEDECO), and Ambassador Ibrahim Zakari, former Director General of the Nigerian Intelligence Agency (NIA), both of whom passed away recently.   During a condolence visit to the families on behalf of President Bola Tinubu, Shettima described the deceased as titans of their generation whose…

Despite ongoing internal disputes within the People’s Democratic Party (PDP), Bauchi State governor, Bala Mohammed has reaffirmed the party’s unity, describing it as an indivisible entity dedicated to delivering good governance in Nigeria. Speaking during a strategic meeting of PDP governors held in Jos, Plateau State, on Friday, Mohammed, who also serves as the Chairman of the PDP Governors’ Forum, praised party stakeholders for their steadfast support. He emphasized that…

The Ebonyi State government has arrested six employees of the Ministry of Health for allegedly stealing government property. The suspects were reportedly apprehended on Saturday night at the ministry’s premises while attempting to move the items to points of sale. The governor of the state, Francis Nwifuru disclosed the arrests in a statement issued on Sunday by his Chief Press Secretary, Monday Uzor. Part of the statement read, “Ebonyi State…

The Auditor-General of the Federation’s ‘Annual Report on Non-Compliance and Internal Control Weaknesses’ has exposed irregular payments for contracts totalling over N197.72 billion across various ministries, departments, and agencies (MDAs), raising serious concerns about systemic lapses in financial compliance and procurement processes. The report covers activities between 2020 and 2021. They reveal violations of established financial regulations and procurement laws, with irregularities affecting multiple MDAs. The report was released to…