The supreme court has ruled that the federal government should henceforth pay allocations directly to local government councils from the federation account. Delivering judgment in the suit on Thursday, a seven-member panel of justices held that state governments have continued to abuse their powers by retaining and using the funds […]
Business
EFCC witness admits that Emefiele’s wife is not the beneficial owner of CBN contractors/companies
At the resumed hearing of the case against former CBN governor, Godwin Emefiele at Lagos High Court, presided over by Justice ABDULRAHMAN Oshodi, the EFCC presented Mrs Ifeoma Ogbonnaya, a graduate of Archeology and Tourism and an account officer at Zenith Bank. The witness was asked by Olalekan Ojo (SAN), […]
FG Targeting December To Complete Refineries Repairs – Senate Committee
How has it been as a member of the Red Chamber of the National Assembly? It has so far been good carrying out our legislative duties in the Senate. I belong to several committees. I am the Chairman, Senate Committee on Niger Delta, and I am also the Vice Chairman, […]
Food Prices To Crash In 180 Days – Agriculture Minister, Abubakar Kyari
AS Nigerians hit the streets to protest hunger, the Minister of Agriculture and Food Security, Sen Abubakar Kyari, Wednesday, disclosed that in 180 days food prices will crash. Kyari stated this on his social media handle, where he unveiled measures that will be implemented over the next 180 days. He said: […]
Paris Saint Germain Signs Jennifer Echegini
Paris Saint-Germain is delighted to announce the arrival of Joe Echegini to its women’s team. The Nigerian international striker has signed with the Parisian club until June 2027.🔴🔵 Jennifer Onyi Echegini (JOE) was the best young player in Serie A last season, despite only arriving at Juventus in January. Before […]
NNPC Eyes Fresh $2 Billion Oil-For-Cash Loan Deal In Two Months
Nigeria’s state-owned oil company, the Nigerian National Petroleum Company (NNPC), is considering securing a new $2 billion loan using crude oil pre-payments as collateral, according to findings by BusinessDay. Mele Kyari the group general manager said the company wanted a loan against 30,000-35,000 barrels per day of crude production, but […]
How Lagos Turns ‘paupers’ Into Mega Millionaires
In Lagos, dreams come true. Servants become masters, and vagrants become homeowners. Such transformation can happen in a matter of years, or even months. Zion Orubebe left his Rivers State home for Lagos in 2015. He had graduated from Rivers State University in May 2013 but was jobless for two […]
Suspension Of Taxes On Imported Food Commodities Not Yet Official
The presidency says the suspension of taxes on importation of food commodities is not yet official. In a chat with TheCable on Monday, Bayo Onanuga, presidential spokesman, said the measures are still under consideration. “The measures are not yet official,” he said. In a statement released earlier, Abubakar Kyari, minister of agriculture […]
Queues Spread As Petrol Hits ₦1,100/Litre In Abuja, Others
The queues for Premium Motor Spirit, popularly called petrol, persisted in Abuja and neighbouring states on Monday, as it also spread to Lagos and other regions across the country, with marketers stating that the situation might drag till the weekend. As motorists spend hours in queues at the few filling […]
FG Seeks China Funding For Ibadan-Abuja, Kaduna-Kano Rail Projects
The minister also hinted that the ministry was working with security agencies to deploy surveillance and ensure that rail infrastructures are not vandalised. The Nigerian government is planning to seek funding assistance from the Chinese government for the construction of the Ibadan-Abuja and Kaduna-Kano rail projects. The Minister of Transportation, […]