A former Minister of Petroleum, Diezani Alison-Madueke, has requested to amend her suit before Justice Inyang Ekwo of the Federal High Court AbujaShe is challenging the order obtained by the Economic and Financial Crimes Commission (EFCC) for final forfeiture of her seized assets. At the Resumed hearing, Justice Ekwo asked her counsel if he had…
The Senate has granted approval to the ₦1.77 trillion ($2.2b) loan request of President Bola Tinubu . The Senate presided by Deputy Senate President, Barau Jibrin, approved the loan after the Senate Committee on Local and Foreign Debts chaired by Senator Wammako Magatarkada (APC, Sokoto North) presented the report of the committee. The request which…
The Lagos State Governor, Babajide Sanwo-Olu, has presented the sum of Three trillion ,five billion, nine hundred and thirty five million one hundred and ninety eight thousand four hundred and one naira (N3,005,935,198,401) before the state House of Assembly as a proposed budget for the year 2025. The budget which is tagged the “Budget of…
Simon Ekpa, a Finnish-Nigerian separatist agitator and self-proclaimed Prime Minister of the Biafra Republic Government In-Exile, has been arrested in Finland alongside four other individuals for alleged terror-related offenses. Local reports indicate that Ekpa was remanded in custody by the Päijät-Häme District Court on charges of public incitement to commit a crime with terrorist intent….
The Senate on Wednesday invoked Section 157(1), officially removing Yakubu Umar as the Chairman of Code of Conduct Tribunal. He was sacked over allegations of misconduct. Umar’s removal gives way to the official resumption of Abdullahi Bello as the new substantive Chairman of the Tribunal. 84 Senators, which constitute the two-thirds majority of the Senate,…
Governors on the Peoples Democratic Party platform will gather in Jos, Plateau State, on Saturday to address internal issues and the status of the country amid continuous internal conflicts within the party. The purpose of the gathering was to prepare for the party’s 99th National Executive Committee meeting, which is set for November 28. The…
Prior to the expected announcement of the ambassadorial list, the Federal Government started sending consular officials to diplomatic posts across the globe. In September 2023, 83 ambassadors were recalled; this action followed 14 months later. The 83 ambassadors, both career and non-career, were recalled from their positions in September 2023 as a result of a…
The Nigerian National Petroleum Corporation Limited (NNPCL) has announced the official unveiling of its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. According to the NNPCL, the development significantly boosts Nigeria’s attempts to generate revenue, produce crude oil, and promote economic progress. According to a statement released by…
The Senate will approve the $2.2bn (about N1.77tn) loan request of President Bola Tinubu today (Wednesday). This request, submitted by the President, is part of the external borrowing plan outlined for implementing the N28.7tn 2024 budget. In separate letters read during the Senate and House of Representatives plenary on Tuesday, Tinubu explained that the loan…
The Dangote Petroleum Refinery has begun the export of refined petroleum products to neighbouring West African countries, a sign to traders that the mega-refinery’s operations could soon potentially shake up regional fuel markets. A report by Bloomberg on Tuesday, quoting data sourced from Vortexa, Kpler, Precise Intelligence, a port report, and ship-tracking platform, said a…
