Illegal Oil Bunkering: Operational breakthrough by the troops of 6 Division, Nigerian Army, executed a successful clearance operation at Umuedeokwara Community, Odogwa Town in Etche Local Government Area of Rivers State. This decisive action led to the discovery and busting of a meticulously concealed illegal oil bunkering site. The operation was prompted by credible intelligence,…
In a shocking revelation, the Sokoto State Committee for the Review of Wasteful and Unnecessary Government Assets disclosed on Thursday that a staggering 745 government vehicles were taken by appointees of the immediate past governor, Aminu Tambuwal. The committee, led by Alhaji Jelani Kalgo, presented its findings to Governor Ahmed Aliyu, outlining a disturbing pattern…
FG’s Amendment of Charges Against Godwin Emefiele In a noteworthy turn of events, the Federal Government (FG) has intensified its legal pursuit of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Initially facing six charges, Emefiele now finds himself entangled in a web of 20 charges, reflecting a significant escalation in…
The Minister of the FCT, Nyesom Wike, has strongly advised against paying ransom to bandits and kidnappers, asserting that such actions only fuel the menace. This warning comes amid the federal government’s stance on crowdfunding for ransom payments, emphasizing the existence of laws prohibiting this practice. In a press briefing after the 2024 Federal Executive…
Ensuring Forex Market Stability: CBN’s Decisive Move Against Defaulters The Central Bank of Nigeria (CBN) is taking a bold step to address mounting concerns within the financial landscape by announcing its intention to prosecute forex defaulters. This strategic move is prompted by the escalating worries tied to the approximately $7 billion in matured forex forwards,…
Fuel Subsidy Removal and Savings The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, reveals that the removal of fuel subsidy and exchange rate unification will result in an annual savings of N8tn for the Federal Government. This significant financial gain opens avenues for impactful investment and addressing economic challenges. Oyedele…
In a devastating turn of events, the vibrant Nigerian city of Ibadan has been rocked by a massive explosion that claimed the lives of two individuals and left 77 others injured. The incident occurred overnight, plunging seven suburbs into chaos as rescue and recovery efforts are underway. The cause of the explosion remains shrouded in…
In a significant move to expedite the realization of presidential deliverables for the housing sector, the Federal Government inaugurated four Reform Task Teams on Tuesday. The Minister of Housing and Urban Development, Ahmed Dangiwa, spearheaded the inauguration, emphasizing the need to unlock the immense potential of the housing sector as a catalyst for inclusive economic…
In a decisive week-long offensive against terrorists in the northeast of Borno State, troops from Operation Hadin Kai have achieved significant success. The operation, part of Operation Desert Sanity III, commenced on December 7, 2024, and saw the neutralization of scores of Boko Haram/Islamic State of the West African Province (ISWAp) fighters. According to intelligence…
Abuja, Nigeria – In response to the growing security challenges plaguing sections of the Federal Capital Territory (FCT), Minister Nyesom Wike assured the public that the FCT Administration is actively taking steps to address the escalating situation. Speaking at a press conference held on Tuesday, the minister urged residents not to panic, emphasizing that the…
