In a move to stop further interference in how they spend the money belonging to their people, 16 state governments have are challenging the constitutionality of the law establishing the Economic and Financial Crimes Commission (EFCC). The states are contending that the constitution is supreme and that any law inconsistent with it is a nullity. The crux of their contention is that ”the federal government through the Nigerian Financial Intelligence…

The Minister of State Petroleum Resources (Oil), Heineken Lokpobiri, has denied reports that he directed the Nigerian National Petroleum Company Limited (NNPCL) to stop running its refineries and focus solely on equity participation in others. In a press statement on Wednesday, the minister stated: “My attention has been drawn to statements made by Engr. Kamoru Busari, Director of Upstream in the Ministry of Petroleum Resources, who represented me at a…

President Bola Tinubu has outlined his administration’s collective vision for Nigeria’s future, emphasising the importance of strengthening institutions and fostering a culture of accountability across all sectors. He reaffirmed his commitment to harnessing cutting-edge technologies to enhance transparency, efficiency, and productivity while building strategic partnerships to drive sustainable development. Speaking through Abubakar Bagudu, the Minister of Budget and Economic Planning, Tinubu made these remarks at the 54th Annual Accountants Conference…

President Bola Tinubu has reiterated his administration’s commitment to transformative reform initiatives, focusing on the digitization of revenue collection and streamlining government services. He further reiterated his administration’s introduction of a consumer credit system to stimulate manufacturing and improve access to goods and services. Additionally, he said a revamped mortgage system is underway to promote home ownership. Speaking at the 54th Annual Accountants’ Conference themed ‘Governance Reimagined: Mapping the Future”…

President Bola Tinubu has emphasised the indispensable role of accountants in fostering transparency, upholding integrity, and efficiently managing the nation’s resources. Speaking at the 54th Annual Accountants Conference themed ‘Governance Reimagined: Mapping the Future’ on Tuesday, Tinubu, represented by the Minister of Budget and Economic Planning, Abubakar Bagudu, highlighted the profession’s critical contribution. He noted that the expertise of accountants not only shapes Nigeria’s economic landscape but also strengthens the…

To avert another disruption in the academic calendar of universities, the Federal Ministry of Education has set up a 31-man panel to renegotiate the agreement entered into between the Federal Government and the Academic Staff Union of Universities (ASUU). According to the Director of Press, Federal Ministry of Education, Folasade Boriowo, the committee will be inaugurated next Wednesday. This development comes following a fresh strike threat issued by ASUU. Boriowo…

The federal government has disclosed plans by a consortium of investors from South Korea to build four 100,000-barrel capacity refineries in various locations in Nigeria. Making the announcement at the maiden edition of a summit organized by the Crude Oil Refineries Owners Association of Nigeria (CORAN) in Lagos on Tuesday, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said the Federal Government is encouraging investors to build refineries…

As Hurricane Milton strengthened into a Category 5 storm, US President Joe Biden has said those living in the storm’s path should leave immediately and it is a matter of “life and death.” Also, Florida Governor Ron DeSantis said residents have a short window to execute their evacuation plans ahead of Hurricane Milton’s landfall, expected tomorrow night. “You should be executing your plan now. If you’re gonna get out, get…

Prime Minister Benjamin Netanyahu seemed to confirm on Tuesday evening that Israel had successfully assassinated projected new Hezbollah leader, Hashem Safieddine, who was targeted in an airstrike in Beirut last Thursday, and claimed Israel has also killed the next in line for the job. In a video message addressed to the Lebanese public, Netanyahu said that Israel has “degraded Hezbollah’s capabilities; we took out thousands of terrorists, including (longtime Hezbollah…

The head of Hezbollah’s logistics headquarters, Suhail Hussein Husseini, was killed in an Israeli airstrike on Beirut on Tuesday. Making the announcement, the Israeli Defence Forces (IDF) said the headquarters that Husseini commanded oversees Hezbollah logistics and budgeting of its various units. According to Times of Israel, Hussein was also a member of Hezbollah’s Jihad Council, the terror group’s top military body. The IDF says, “Husseini played a crucial role…

Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a net exporter of petroleum products. Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, made this assertion during his keynote address at a summit held in Lagos by the Crude Oil Refinery Owners Association of Nigeria (CORAN). The…

The Federal Government has assured that the construction of the first 47 kilometers of the Lagos-Calabar Coastal Highway will be completed by May 2025. This announcement was made by the Minister of Works, Sen. David Umahi, during a recent inspection of a previously evacuated section of the road that had been restored from a dumping ground. Sen. Umahi expressed confidence in the construction company, Hitech, highlighting their capability to lay…