Lack of Crude Supply Halts Funding for Nigerian Modular Refineries
International financiers poised to fund the construction of approximately 20 modular refineries in Nigeria have withheld their financial support, citing the lack of guarantees for crude oil supply to these facilities once they are completed. This development poses a significant setback for Nigeria’s efforts to boost its domestic refining capacity and reduce its dependence on […]
Federal Government Plans to Suspend Import Duties on Essential Items to Combat Inflation
The Federal Government is reportedly preparing to suspend the payment of import duties on staple food items, drugs, and other essential goods for an initial period of six months. This initiative, aimed at curbing inflation, is detailed in an Executive Order titled “Inflation Reduction and Price Stability (Fiscal Policy Measures) Order 2024,” The PUNCH reports. […]
Senator Ninji back to duties after a three-month suspension
Senator Abdul Ningi, representing Bauchi Central, has resumed his legislative duties in the upper chamber after a three-month suspension, over budget padding claims. Upon his return today, Senator Ningi speaking at plenary, expressed his appreciation to the Senate for recalling him from suspension after spending 75 out of 90 days slammed on him on March […]
Minister of works in shock as Vandalization continues
Minister of Works, Engr. David Umahi has expressed shock that reports of vandalization are still being recorded despite the presence of the private security outfit deployed by the Federal Ministry of Works to man the area. The reaction followed the minister’s receipt of a report on the activities of vandals of the expansion joints on […]
INEC extends voters registration for Edo
Following a review meeting held with stakeholders, the Independent Electoral Commission (INEC), said it has extended voters’ registration for Edo and Ondo States respectively. Registration was earlier slated to end on the 5th of June, 2024 in the two states. However, a statement by the commission said following appeals by stakeholders, the date has been […]
Organised labour suspends nationwide strike
Organised labour has agreed to postpone the nationwide strike for the next five days. According to Vanguard, this will allow uninterrupted meetings with a government committee about raising the minimum wage. According to a labour source, the decision came after a productive meeting between union leaders and government officials, including the head of the civil […]
NDIC begins verification of customers of Heritage Bank for repayment of deposits
The Nigeria Deposit Insurance Corporation (NDIC) has said that it has started the liquidation process of Heritage Bank Plc following the revocation of its banking license by the Central Bank of Nigeria (CBN). Its Director of Communication & Public Affairs, Bashir Nuhu, in a statement yesterday noted that the corporation is currently verifying to pay […]
Minister of Information appeals to Labour to call off strike
The Minister of Information and National Orientation, Mohammed Idris, appealed to Organised Labour to call off the ongoing strike and return to the negotiation table in the best interest of the country. Idris, made this appeal on behalf of the Federal government, accompanied by the Minister of State for Labour, Hon Nkeiruka Onyejeocha and the […]
ANC party loses Absolute Majority in South African election
South Africa’s ruling party, the African National Congress says it would enter talks with other parties to form a new government, after losing its three-decade-old absolute majority in the last election. With 99.91 percent of the votes from Wednesday’s election counted, President Cyril Ramaphosa’s had only 40.2 percent, a slump from the 57.5 percent it […]
Lagos ends 25% fare discount on state-owned transport services
The Lagos Metropolitan Area Transport Authority (LAMATA) says the 25 per cent discount on fares for regulated public bus, ferry and train services has ended. Recall that Governor Babajide Sanwo-Olu, on February 23, announced a 25 per cent discount on the fares to mitigate the impact of the removal of petrol subsidy on Lagos residents. […]
