President Ahmed Tinubu has urged accountants to share their unique insights, forge new connections, and develop actionable plans to lead Nigeria towards a future where governance is synonymous with integrity, transparency, and accountability. He expressed concern that decades of underinvestment have limited the economy from delivering on its potential, stressing […]
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Africa Spending Future Oil Proceeds In Advance, Says Dangote
Nigerian billionaire and Chief Executive Officer of the Dangote Refinery, Aliko Dangote, has disclosed that his $20 billion refinery was built without receiving any incentives from the Federal Government. He, however, noted that the FG needs to provide incentives to investors to make Nigeria a top refining hub. “We built […]
Bar EFCC, NFIU From Probing Our Accounts – 16 States To Supreme Court
• ‘Law on anti-graft agency defective’ • Apex court fixes Oct. 22 for hearing The Supreme Court is set to determine the powers of the Economic and Financial Crimes Commission (EFCC) to investigate states. It has scheduled a hearing for October 22. Sixteen state governments are challenging the constitutionality of […]
Hajj Fare To Hit N10m As NAHCON Announces End To Subsidy
The National Hajj Commission of Nigeria (NAHCON) has stated that the federal government will not subsidise hajj payment for pilgrims in 2025. Daily Trust reports that government subsidy is mostly in the form of concessionary rate which allows pilgrims to access dollars at a reduced rate from the Central Bank […]
NAFDAC Staff Begin Indefinite Nationwide Strike
The Staff of National Agency for Food and Drug Administration and Control NAFDAC commenced an indefinite nationwide strike today, following the expiration of a 14-day ultimatum issued to management. The decision to down tools was confirmed after a congress of NAFDAC staff convened on Friday, October 4, 2024 over unresolved […]
World Bank Okays $1.57 Billion Loan For Nigeria
The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal Government in strengthening human capital through better health for women, children and adolescents. It added that the approved projects would also help […]
Police Seal Edo Deputy Governor’s Office Amidst Political Tensions
The office of the deputy governor of Edo State, on Osadebe Avenue, Benin, the state capital, has been sealed off by stern-looking policemen who were spotted there on Sunday. The sealed office was the one Philip Shaibu was relocated outside the Government House in the height off his face off with Governor Godwin […]
Is Petrol 40% Cheaper In Nigeria Than In Saudi Arabia As Claimed By Dangote
By Bunmi Aduloju On September 23, Aliko Dangote, the founder of Dangote Petroleum Refinery, said petrol is about 40 percent cheaper in Nigeria than in Saudi Arabia. Dangote spoke during an interview with Bloomberg TV. Speaking about the subsidy situation in Nigeria, the billionaire entrepreneur said it is the right […]
Tinubu Wasn’t The Person Who Removed Fuel Subsidy – Dogara
Former Speaker of the House of Representatives Yakubu Dogara on Friday said President Bola Tinubu didn’t remove the subsidy on fuel even though he made the announcement. Dogara said there was no provision for fuel subsidy in the budget before Tinubu made the announcement. Featuring on Channels TV, the former Speaker […]
Petrol Prices Expected To Change As Marketers Quote New Landing Cost
A significant drop in the landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has sparked anticipation of a potential reduction in the pump price of the commodity. According to the Major Energies Marketers Association of Nigeria (MEMAN), the landing cost has plummeted to N981 per litre, a […]