Wednesday, March 19, 2025
The Senate had expressed displeasure at the performance of Nigeria’s electricity distribution companies, otherwise known as DisCos, and the Transmission Company of Nigeria, TCN, since the privatisation of the power sector. This is as the Red Chamber of the National Assembly described the privatisation of the power sector as a […]
The Federal Government has directed all Ministries, Departments, and Agencies to exclude new projects from their budget submissions for 2025 unless these can be linked to the completion of ongoing initiatives. This is according to the 2024 Federal Government Budget Call Circular document obtained by The PUNCH. The 2024 Budget […]
Four members of the house of representatives have defected from the Labour Party (LP) to the All Progressives Congress (APC). Tajudeen Abbas, speaker of the house, announced the lawmakers’ defection on the floor of the green chamber on Thursday. The lawmakers are Chinedu Okere (Owerri municipal/Owerri north/Owerri west federal constituency), […]
Borno State Deputy Governor, Alhaji Umar Usman Kadafur, and over 100 passengers narrowly escaped a tragic incident when a Max Air aircraft experienced an engine fire shortly after takeoff from Maiduguri International Airport, News360 Nigeria reports. The incident occurred around 7 p.m. on Wednesday when the aircraft, en route to Abuja, suffered […]
POSITION DOCUMENT ON MEASURES TO ADDRESS CORRUPT PRACTICES AND ENHANCE PASSENGER EXPERIENCE AT MMIA AND GAT The Federal Airports Authority of Nigeria (FAAN) is unwavering in its commitment to achieving world-class standards in service delivery, security, and passenger satisfaction across its managed airports. Following an emergency high-level meeting chaired by […]
Minister for Youth Development, Comrade Ayodele Olawande, today, inaugurated a Technical Committee for the establishment of Youth Bank. The Committee comprised representatives from the Bank of Industry, Central Bank of Nigeria, the Federal Ministry of Finance, Nigeria Sovereign Investment Authority, as well as nominated officials of the Ministry of Youth […]
BREAKING: Former Central Bank Governor Emefiele Is Nigerian ‘Top Brass’ Who Owns 753 Duplexes In Abuja Estate Forfeited To EFCC A former governor of the Central Bank of Nigeria, [b]Godwin Emefiele, owns the large estate in Abuja with 753 duplexes forfeited to the Nigerian government through the Economic and Financial […]
The Kano State House of Assembly on Monday rejected the Tax Reform bills currently under consideration at the National Assembly. At a plenary, presided over by the Speaker, Isma’il Falgore, the lawmakers kicked against the bills after extensive deliberation. The Majority Leader, Lawan Husseini (ANPP-Dala) introduced a motion of ‘urgent […]
Nigeria secures $2.2bn Eurobonds to finance 2024 budget deficitThe Debt Management Office (DMO) says Nigeria has successfully priced $2.2bn in Eurobonds that will mature in 2031 (6.5 years) and 2034 (10 years) in the international capital markets. In a statement on Monday, the DMO said the bond has $700m and […]
The Minister of Interior, Olubunmi Tunji-Ojo, has ordered an investigation into allegations of salary deductions affecting paramilitary officers in the country. According to an online report, some officers expressed concerns over deductions from their salaries by the Integrated Payroll and Personnel Information System. They equally complained about delays in the […]