News Editor

The governors, at the end of their meeting, endorsed the sharing of the VAT proceeds on the basis of 50 per cent equality, unchanged from what is currently in operation; 30 per cent derivation, from 20 per cent currently in operation and

Justice James Omotosho of the Federal High Court, Maitama, Abuja has fixed January 31, 2025, for the trial of the former Acting Accountant General of the Federation, Anamekwe Nnabuoku for alleged multiple financial frauds to the tune of N1.96billion, a statement by

The Minister of Information and National Orientation, Mohammed Idris, said the Abuja-Kaduna-Kano dual carriageway will be ready for use in 14 months. Idris made this known on Thursday at the inauguration of the rehabilitation of section 1 of the road (Abuja to

Eterna Plc announced the appointment of Mr Olumide Adeosun as the Managing Director/Chief Executive Officer of Eterna Plc, effective February 3, 2025.  Mr Adeosun succeeds Mr Abiola Lawal, who resigned from the Company effective January 31, 2025.  The Board extends its profound

The Federal Government has earmarked N64.88 billion for the maintenance of Nigeria’s roads in the 2025 budget, according to a proposal submitted by the Federal Roads Maintenance Agency (FERMA). The announcement was made during the agency’s budget defence session before the joint

The Organisation of the Petroleum Exporting Countries (OPEC) says the production of petroleum products by the Dangote Petroleum Refinery has reduced the importation of refined products from Europe. In its Monthly Oil Market Report published on January 15, 2025, the global body

Telecom operators (Telcos) would from Monday, January 27, disconnect nine banks from having access to its Unstructured Supplementary Service Data (USSD) code over their failure to pay the USSD services debts, which accumulated to over N200 billion as of October 2024. The

It was no surprise when news platforms ran the headline, “CBN FINES 9 Banks for Cash Scarcity in Their ATMs.” What’s shocking is how long it took—years of persistent failures and only after the Yuletide—for these sanctions to arrive. To be honest,

Due to increased demand typical of the festive season, Nigeria’s headline inflation rate rose slightly to 34.80% in December 2024, up from 34.60% in November 2024, according to the National Bureau of Statistics. The government agency shared this information in its latest

The Nigerian National Petroleum Company Limited (NNPCL) has remitted ₦10 trillion to the federation account, making it the highest taxpayer in the country, and remains the only company in Nigeria that publishes 100% of its account statements annually.E This is according to the

There was tension in Port Harcourt, the Rivers State capital, on Thursday as police barricaded part of the road leading to the People’s Democratic Party (PDP) Secretariat along Aba Road. The development came amid reports that the newly constituted Acting Executive Committee

The Defence Headquarters has vowed to combat terrorists and their collaborators in Nigeria. A DHQ spokesman Major General Edward Buba attributed the resurgence of attacks in Borno State to the influx of foreign agents who are reinforcing the terrorists terrorising the North-East.

President Bola Tinubu congratulates six distinguished Diaspora Nigerians named by President Joe Biden among the 400 recipients of the Presidential Early Career Award for Scientists and Engineers (PECASE) in the United States. This prestigious recognition, established by former President Bill Clinton in