Search Results for: Nigeria

Wale Edun, the Minister of Finance and Coordinating Minister of Economy, unveiled a remarkable surge in revenue generated by government-owned entities, ministries, departments, and agencies (MDAs) during February, totaling an impressive N835.70 billion. This represents a staggering 441.78% increase from the previous year’s earnings of N154.25 billion for the same period. The substantial growth in…

Governor Abdulrahman AbdulRazaq of Kwara State has thrown his weight behind the ambitious Lagos-Calabar Coastal Highway project, emphasizing its potential to bring about significant positive changes for the nation. The 700km highway, once completed, is expected to enhance transportation networks, boost economic activities, and foster regional integration along Nigeria’s coastal regions. During a visit to…

The Central Bank of Nigeria (CBN) is embroiled in controversy as a former employee, Mr. Monday Osazuwa, disclosed shocking details of his involvement in collecting substantial sums of cash on behalf of the former CBN governor, Godwin Emefiele. Testifying before the Ikeja Special Offences Court, Osazuwa revealed how he was directed by Godwin Emefiele to…

In a landmark verdict that has captured nationwide attention, cross-dresser Idris Okuneye, famously known as Bobrisky, has been sentenced to six months in prison without the option of a fine by Justice Abimbola Awogboro of the Federal High Court in Lagos. The judgement, delivered this morning, April 12, marks the culmination of a legal battle…

In a recent display of leadership, Lagos State Governor Sanwo-Olu undertook a visit to the site of the Dosumu Market fire, symbolizing a proactive approach to disaster management. This move not only underscores his personal commitment but also signals the government’s dedication to swift action in times of crisis. By promptly assessing the damage caused…

In a recent announcement by Minister of Power, Mr. Adebayo Adelabu, the Federal Government has reached a significant milestone in the implementation of the Presidential Power Initiative (PPI), commonly known as the Siemens power project. The minister revealed that five out of the planned 10 power transformers have been successfully installed and commissioned, marking the…

In a recent announcement, the Minister of Works, David Umahi, unveiled the Federal Government’s plan to construct the Lagos-Calabar coastal highway at a cost of N4 billion per kilometer. This statement comes amidst debates over the project’s estimated cost, with former Vice President Atiku Abubakar claiming it would amount to N8 billion per kilometer. Minister…

Alhaji Aliko Dangote, the Chairman of Dangote Group, outlined a promising prospect for Nigeria’s economy through reduced fuel prices. Dangote highlighted the imminent impact of the fully operational Dangote Petroleum Refinery, particularly in curbing the nation’s persistent inflation woes. He emphasized that the refinery’s provision of diesel at significantly lower prices would contribute to mitigating…