Governors from several states have demanded a return of their entire equity interests in the $10 billion National Integrated Power Projects, which are managed by Niger Delta Power Holding Company. The governors under the Nigeria Governors’ Forum, its umbrella organization, also stated that the Federal Government need to reimburse an adequate rate of return for…
Yahaya Bello, the former governor of Kogi State, is accused of stealing N80.2 billion through fraud. The Economic and Financial Crimes Commission stated on Wednesday that Bello had mocked the Nigerian legal system by neglecting to appear in court to face his charges. This was said by Mr. Effa Okim, the acting zonal director of…
The Federal Government started negotiations with the World Bank just a few weeks after approving a special purpose entity to facilitate the supply of an extra 90,000 km of fibre optic cable. This was revealed on Tuesday by Bosun Tijani, the Minister of Communications and Digital Economy, during the announcement of the start of Nigeria…
The Organization of Petroleum Exporting Countries reports that in May 2024, Nigeria’s crude oil production fell to a historic low of 1.25 million barrels per day. According to Channels Television’s coverage of the OPEC monthly oil market report for June, the nation’s average daily output in May was 1.25 million barrels per day (bpd), a…
The ₦62,000 government and private sector proposal and the ₦250,000 organized labour demand are expected to be decided upon by the President. Organized labour has received assurances from President Bola Tinubu that the National Assembly will soon consider an executive measure establishing a new national minimum wage for workers. On June 12, 2024, Tinubu announced…
According to President Tinubu’s remarks on Democracy Day, An executive law on the new national minimum wage for workers will soon be brought to the National Assembly for passage. The Nigeria Labour Congress (NLC) has criticized President Bola Tinubu’s remarks on the subject and advocated that N250,000 be the minimum salary. The Federal Government received…
During a 2024 Democracy Day event in Eagle Square, Abuja, Tinubu slipped while getting on top of the vehicle. However, he rapidly regained his equilibrium and carried on with the day’s activities. In response to the widely shared video of him falling at Eagle Square in Abuja on Wednesday, President Bola Tinubu declared that democracy…
