Tinubu: “Nigeria’s Fake Good Life Was Leading to Collapse Without Reforms”
President Bola Ahmed Tinubu, represented by Prof. Wahab Egbewole, Vice Chancellor of the University of Ilorin, addressed the combined convocation of the Federal University of Technology Akure (FUTA), emphasizing the urgent need to remove petrol subsidies and unify exchange rates. “The good life we thought we were living was a fake one, capable of leading […]
Governor Zulum Opposes Tinubu’s Tax Bills, Says They Will Cripple Northern Economy
Borno State Governor, Babagana Zulum, has called on northern lawmakers to reject President Bola Tinubu’s proposed tax reform bills, warning they would devastate the northern economy while disproportionately benefiting Lagos State. Speaking to the BBC, Zulum criticized the hasty approach to the legislation and expressed concerns that it would worsen poverty and hardship in the […]
Nigeria’s Ngozi Okonjo-Iweala Secures Second Term as WTO Director-General
Ngozi Okonjo-Iweala has been reappointed as the Director-General of the World Trade Organization (WTO) for a second term. Her current tenure, which began on February 15, 2021, will now extend beyond its scheduled end in August 2025. The 70-year-old Nigerian, who made history as the first woman and first African to lead the WTO, was […]
JUST IN: Senate Advances Tinubu’s Tax Reform Bills to Next Stage
The Senate has approved President Bola Tinubu’s four proposed tax reform bills for a second reading. Majority Leader Opeyemi Bamidele explained that the reforms aim to simplify tax collection, reduce burdens on small businesses, and address double taxation. The bills propose allocating 55% of VAT revenue to states and granting tax exemptions on salaries below […]
N110B Case: Former Kogi Governor Yahaya Bello Remanded by Court; Bail Decision Set for December 10
Justice Maryanne Anenih of the Federal Capital Territory High Court in Abuja has ordered the remand of former Kogi State Governor Yahaya Bello in EFCC custody. Bello, along with Shuaibu Oricha and Abdulsalam Hudu, faces 16 charges from the EFCC. The court will decide on his bail application on December 10, 2024.
JUST IN: Port Harcourt Refinery Petrol Costs ₦75 More Than Dangote Refinery
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) announced that petrol from the recently reopened Port Harcourt Refinery is priced ₦75 per litre higher than that produced by the Dangote Refinery.
2025 Budgets: Experts Warn Recurrent Costs Could Stifle Development
Thirteen Nigerian states have proposed a combined budget of ₦9.07 trillion for the 2025 fiscal year, with ₦3.87 trillion (42.7%) allocated for recurrent expenditure and ₦5.845 trillion (57.3%) earmarked for capital projects. Recurrent expenditure includes salaries and administrative costs, while capital spending focuses on long-term infrastructure and development. Highlights by State:• Lagos: ₦3.005tn; 41.3% for […]
Port Harcourt Refinery Finally Begins Crude Oil Processing
The Port Harcourt Refining Company (PHRC) in Rivers State has officially begun processing crude oil, marking a major milestone in Nigeria’s push for energy independence. This development was announced by Femi Soneye, Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL). “Today marks a monumental achievement for Nigeria as the Port Harcourt […]
‘That Is Not Who We Are’: Sanwo-Olu Suspends Aide Over Claims of Extra-Judicial Executions in #EndSARS Arson Case
Lagos State Governor Babajide Sanwo-Olu has suspended his Senior Special Assistant on Print Media, Wale Ajetunmobi, following a controversial tweet on his personal X account. The now-deleted post alleged that arsonists who burned down TVC during the 2020 #EndSARS protests were “hunted down and executed,” including a young trader allegedly found with an AK-47 rifle. […]
JUST IN: EFCC Arrests Former Kogi Governor Yahaya Bello
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Yahaya Bello, the former governor of Kogi State. Usman Ododo, the current governor of Kogi, reportedly brought Bello to Abuja this morning and called on the EFCC to take him into custody. Details to follow.