The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has urged collective action to strengthen the fight against corruption in the oil and gas industry. Gbenga Komolafe, Chief Executive Officer of NUPRC, made the call in Abuja during a workshop organized by the commission to highlight the damaging impact of corruption on Nigeria’s economy and explore strategies…
The Nigeria Labour Congress (NLC) has criticized Ebonyi State Governor, Francis Nwifuru, for threatening to dismiss workers who joined an ongoing strike over the non-implementation of the new minimum wage. In a statement issued on Monday, NLC President, Comrade Joe Ajaero, described the governor’s stance as counterproductive. He directed workers and affiliate unions in Ebonyi…
The Presidency has dismissed allegations that the proposed tax reform bills before the National Assembly are designed to favor Lagos and Rivers States. According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, the reforms aim to simplify Nigeria’s complex tax system and enhance the overall quality of life for Nigerians. Clarifying…
Nasarawa State’s organized labour is preparing for an indefinite strike following the state government’s delay in implementing the newly approved national minimum wage. The Chairman of the Nigeria Labour Congress (NLC) in Nasarawa, Comrade Ismaila Okoh, revealed this during a telephone conversation with Radio Nigeria. He stated that despite multiple discussions, including meetings chaired by…
Vice President Kashim Shettima has lauded the growing trade volume between Nigeria and China, highlighting its significance as one of the highest in Africa. Speaking during a meeting with a Chinese delegation led by Zhang Qingwei, Vice Chairman of the Standing Committee of the National People’s Congress, at the Presidential Villa in Abuja, Shettima emphasized…
President Bola Tinubu has emphasized the critical role of the creative economy in driving his administration’s economic diversification agenda, pledging to position Nigeria’s creative sector as a global powerhouse. Speaking during the launch of the 2024 Abuja International Carnival at Eagle Square, Abuja, President Tinubu, represented by Vice-President Kashim Shettima, highlighted the carnival as a…
The Senate has officially confirmed Omolola Oloworaran as the Director General of the National Pension Commission (PenCom). Her confirmation came during plenary following the adoption of the Senate Committee on Establishment and Public Service’s report. President Bola Ahmed Tinubu had earlier forwarded her nomination to the Senate, seeking her confirmation after several months of acting…
The Governor of Benue State, Hyacinth Alia, has approved a new minimum wage of ₦75,000 for workers across the state, surpassing the federal minimum wage of ₦70,000 recently announced by President Bola Ahmed Tinubu. The decision was made public during a meeting with representatives of organized labor at the State Secretariat on Monday. The announcement…
Indications have emerged that President Bola Tinubu may present Nigeria’s 2025 budget to a joint session of the National Assembly in the first week of December 2024, even as crucial budget templates remain incomplete as of mid-November. In response to concerns about the budget’s timing, the Senate Finance Committee clarified that determining the presentation date…
President Bola Tinubu has arrived in Riyadh, Saudi Arabia, to attend the highly anticipated Joint Arab-Islamic Summit, where leaders from across the Middle East and the Islamic world will convene to address urgent issues is affecting the region, including the ongoing conflict between Israel and Palestine. The summit, which will open on Monday, November 11,…
The Federal Inland Revenue Service (FIRS) has opened its recruitment portal for Tax Officer positions, accepting applications from 12:00 am on November 2, 2024. In a statement posted on X (formerly Twitter) on Friday, FIRS announced it is seeking to fill Officer I and Officer II roles in multiple locations across Nigeria. The agency encourages…
Written and compiled by Michel Josephine P. The Polytechnic Ile-Ife, Osun State Osun State, Nigeria has recently unveiled an ambitious agricultural initiative aimed at revitalizing its local economy and enhancing food security. This program, launched by the state government, seeks to empower farmers, attract investments, and promote sustainable agricultural practices. Agriculture has always been a…
A high-level delegation from Burundi has arrived in Nigeria, seeking to strengthen business ties and attract Nigerian investments to Burundi. Led by Ambassador Liberat Mfumukeko, Senior Advisor on Missions of the Presidency of Burundi, the delegation engaged with the Nigerian business community in Abuja, extending an invitation for investments in various sectors. Ambassador Mfumukeko highlighted…
President Bola Tinubu has named Mr. Joseph Olasunkanmi Tegbe as the Director-General and Global Liaison for the Nigeria-China strategic partnership. This follows the agreements made during Tinubu’s recent visit to China in early September. Tegbe, a 1988 first-class graduate in civil engineering from Obafemi Awolowo University, will report directly to the President. A fellow of…
The Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery are currently at odds over the pricing of Premium Motor Spirit (PMS), commonly known as petrol, produced by the refinery. NNPCL had claimed that the refinery was selling petrol at ₦898 per litre, but Dangote Refinery has refuted this, stating that a final price has…
Vice President Kashim Shettima has reiterated President Bola Tinubu’s commitment to revolutionizing Nigeria’s digital economy, emphasizing that the administration remains on track and fully supported by strategic initiatives and partnerships. During a courtesy visit by the management of Odua Investment Company Limited, led by its Chairman, Otunba Bimbo Ashiru, at the Presidential Villa in Abuja,…
Former All Progressives Congress (APC) presidential aspirant, Moses Ayom, has lauded President Bola Ahmed Tinubu’s efforts in enhancing Nigeria’s economic partnership with the People’s Republic of China. Ayom, a prominent international businessman with a focus on bolstering Nigeria-China relations, praised the recent Memorandum of Understanding (MoU) signed in Beijing, which focuses on the peaceful use…
Nigeria is taking significant steps toward being removed from the Financial Action Task Force (FATF) grey list. A high-level inter-agency delegation from the country presented a progress report to the FATF’s International Cooperation Review Group during a meeting held in Brussels, Belgium, on Tuesday, September 3, 2024. The Nigerian delegation, led by the Chief Executive…
The National Association of Nigerian Students (NANS) has disassociated itself from a widely circulated notice claiming that the student body is organizing nationwide protests on September 15, 2024, in response to the recent fuel price hike. Speaking to Newsmen, NANS national president, Comrade Lucky Emonefe, clarified that no such protest has been planned, labeling the…
Nigerian Breweries (NB) Plc has announced plans to raise N599.1 billion from its existing shareholders through a rights issue. This follows the approval from shareholders in April 2024, as well as regulatory clearances from the Securities and Exchange Commission (SEC) and NGX Regulation Limited. The company is offering 22.607 billion ordinary shares at 50 kobo…
The surge in food prices has become a significant concern globally, exacerbated by factors such as climate change, geopolitical conflicts, and economic instability. As the cost of basic food items continues to rise, the importance of embracing agriculture has never been more evident. This article explores why fostering a robust agricultural sector is essential in…
Senator Heineken Lokpobiri, Minister of State for Petroleum Resources, has called on Nigerians, especially the youth in the Niger Delta region, to remain calm and refrain from joining the proposed nationwide protest. In a statement issued by his Special Adviser on Media and Communications, Nneamaka Okafor, the Minister expressed his understanding of the frustrations and…
The Federal Government has clarified recent media reports regarding the reduction in allowances for students abroad under the Bilateral Scholarship Agreement. In a meeting with the leadership of the National Association of Nigerian Students (NANS) in Abuja, the Minister of Education, Professor Tahir Mamman, explained that the changes in allowances were due to fluctuations in…
Billionaire businessman Femi Otedola has highlighted the critical importance of supporting Aliko Dangote amidst his ongoing dispute with Nigeria’s regulatory authorities in the petroleum sector. Otedola, a close associate of Dangote, stressed the significance of backing visionaries like Dangote to foster and sustain the nation’s economic growth. In a post on X on Tuesday afternoon,…
Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources, has convened a high-level meeting with key stakeholders in the oil and gas sector to address and resolve the ongoing issues surrounding the Dangote Refinery. Aliko Dangote, President of Dangote Petroleum Refinery, has faced challenges with the government over his Lagos refinery project. Dangote had…
The Academic Staff Union of Polytechnics (ASUP) has suspended its planned industrial action. The union had previously opposed the Scheme of Service issued by the National Board of Technical Education (NBTE) for polytechnics across the country. In a statement by ASUP President Comrade Shammah Kpanja, the union expressed its concerns over the NBTE’s scheme, which…
Sinoma International Engineering Company, a prominent Chinese green energy firm, has shown interest in establishing a renewable energy technology manufacturing industry in Nigeria’s Evergreen City. The company’s Chairman, Mr. Yin Zhisong, revealed this during a dinner in Beijing, China, hosted for Chief Ajuri Ngelale, Nigeria’s Special Presidential Envoy on Climate Action. Chief Ngelale informed reporters…
The Special Presidential Envoy on Climate Action, Chief Ajuri Ngelale, has initiated discussions with global stakeholders to explore new opportunities for climate finance and risk mitigation platforms aimed at boosting renewable energy technology manufacturing in Nigeria. Chief Ngelale held a virtual meeting with the Managing Director of the Bank of Industry, Dr. Supo Olusi, and…
President Bola Tinubu is in discussions with the leadership of organized labour to resolve ongoing issues regarding the National Minimum Wage. A meeting was held on July 10 after the tripartite committee, established by the President to negotiate with labour, failed to reach an agreement. The government is proposing a National Minimum Wage of ₦62,000,…
The Federal Government has called on the newly reconstituted NEITI Board to enhance the agency’s commitment to domestic resource mobilization for Nigeria. Senator George Akume, Secretary to the Government of the Federation and Chair of the NEITI Board, issued this directive during the opening session of the NEITI Board retreat in Lagos. He urged the…
Africa’s richest man, Aliko Dangote, announced that the Nigerian National Petroleum Company (NNPC) Limited no longer holds a 20 percent stake in Dangote Petroleum Refinery. During a press briefing at the refinery on Sunday, Dangote revealed that NNPC’s stake has been reduced to 7.2 percent due to their failure to pay the remaining balance of…
