Farouq Summoned by EFCC, The Economic and Financial Crimes Commission (EFCC) has issued a summons for former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Farouq, in connection with an alleged money laundering case involving N37,170,855,753.44 during her tenure. Despite citing health challenges and seeking a three-week extension, the EFCC has given her […]
In a recent revelation, the National Youth Service Corps Scheme (NYSC) addressed the issue of an Undercover Reporter Exposes mobilizing for the compulsory one-year program in 2019 and repeating the process in 2023. Mr. Eddy Megwa, the Director of Public Affairs at NYSC, explained on a Channels Television program that the reporter changed his email […]
In a significant development, the Nigerian National Petroleum Corporation Limited (NNPC) has announced that the test runs at the Port Harcourt Refinery, with a capacity of 60,000 barrels per day (bpd), are set to be completed by the end of this month. Femi Soneye, the spokesperson for NNPC, emphasized the importance of these tests, stating […]
The Petroleum Products Retail Outlets Owners Association of Nigeria PETROAN Seeks International Partnerships with proposals for the retail pump price of petrol to be set at N1,200 per litre. PETROAN’s National President, Mr. Billy Harry, revealed the association’s plans to collaborate with refineries in Kazakhstan and Houston to ensure a continuous supply of petroleum products […]
In a remarkable opening to the new year, investors on the Nigerian Stock Market Kicks Off, witnessing a collective gain of over N1.5 trillion within the initial two trading days. The NGX Market capitalization, reflecting the total investment value, rose from N40.917 trillion at the start on Tuesday to N42.429 trillion by Wednesday. The impressive […]
In a recent statement, former Nigerian President Olusegun Obasanjo Warns of Future Debt relief due to their substantial debt profiles. Obasanjo, who secured debt relief for Nigeria in 2003 during his tenure, highlighted alleged mismanagement of the relief funds by successive administrations, leading to the country’s current significant debt burden of N87.91tn as of September […]
The Nigeria Employers’ Consultative Association NECA Warns of Continued Economic outlook for the nation in the next six months. The umbrella organization for employers in the country anticipates little to no significant growth during this period, citing numerous challenges that have plagued the economy. In an exclusive interview with Vanguard, NECA’s Director-General, Adewale-Smart Oyerinde, highlighted […]
In a recent address, Abia Senate Committee on Privatization, Dr. Orji Uzor Kalu, appealed for patience with President Bola Tinubu, stating that he needs time to address Nigeria’s challenges. Kalu also warned of a potential N289 billion loss if the proposed National Population Census is not conducted. Speaking in Edda, Ebonyi State, Kalu absolved President […]
In a renewed clash, the Nigerian National Petroleum Company Limited (NNPCL) and fuel marketers, represented by the Independent Petroleum Marketers Association of Nigeria, find themselves at odds over the Fuel Subsidy Dispute. The confrontation comes amidst the devaluation of the naira against the United States dollar in both the official Investors & Exporters Window and […]
As Nigeria welcomed the dawn of 2024, Nigeria’s Governors Ring in 2024 shared messages of hope and commitment to overcoming challenges in the year ahead. President Bola Tinubu, during the signing of the 2024 appropriation bill, highlighted a significant N100 billion allocation for school feeding programs. The move aims to encourage school enrollment and address […]