The House of Representatives has passed a bill seeking to increase the 2024 Appropriation from N28.7 trillion to N35.055 trillion, representing a significant 22% boost to the nation’s budget. This bold move is expected to have far-reaching implications for the country’s economic growth and development. The resolution was passed during the consideration and adoption of…
Illegal refineries in Nigeria pose a severe threat to both human lives and the environment. According to reports by The PUNCH, from 2021 to 2023, at least 204 individuals lost their lives in explosions at these illicit sites. Workers at these locations often lack proper training and safety equipment, making them particularly vulnerable to accidents….
Aliko Dangote, Africa’s wealthiest man, has reportedly offered to sell his multibillion-dollar oil refinery to the state-owned energy company, NNPC Limited. This development comes as a new dispute with one of the key equity partners in the plant heats up, in the latest phase of a bitter row with regulatory authorities in Nigeria. Aliko Dangote’s…
A Nigerian TikToker, Junaidu Abdullahi, also known as Abusalma, has been locked in prison custody after posting a viral video calling for mass protest over hardship in the country. The TikToker’s arrest and subsequent remand have sparked outrage among his fans and human rights activists, who see the move as an attempt to stifle free…
The Nigerian Army has announced the successful destruction of a terrorist camp belonging to the Indigenous People of Biafra (IPOB) and the Eastern Security Network (ESN) in Ezere Forest, Imo. The operation, which extended into communities in Abia, resulted in the capture of a General Purpose Machine Gun (GPMG) and other items. This significant operation…
The Dangote Refinery, a $20 billion project, is set to rejuvenate Nigeria’s oil industry. With a capacity to refine 650,000 barrels of oil per day, it is poised to meet the country’s fuel needs and even export to other countries. The refinery is expected to reduce Nigeria’s dependence on imported petroleum products, a move that…
Actor Yul Edochie has appealed to Nigerians to be patient and not resort to protests, assuring them that President Tinubu is committed to addressing the country’s challenges. Yul Edochie’s plea comes at a time when many Nigerians are frustrated with the government’s handling of the economy, security, and other issues. The actor believes that President…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has announced that the country’s external reserves have increased to $36.89 billion as of July 16, 2024. This represents a significant rise from the $33.22 billion recorded at the end of December 2023. Cardoso attributed the growth to receipts from crude oil related taxes and…
Senator Adams Oshiomhole, a prominent figure in Nigerian politics, has urged for stricter penalties for engineers responsible for building collapses across the country. He believes that the current penalties are not sufficient to deter engineers from engaging in subpar work, which can lead to devastating consequences. Adams Oshiomhole’s call for harsher penalties is driven by…
In a landmark decision, President Bola Tinubu has approved a new national minimum wage of N70,000 for Nigerian workers. This announcement came during a meeting with leaders from the Trade Union Congress (TUC) and the Nigeria Labour Congress (NLC) in Abuja on Thursday. This was the second time in seven days that the parties convened…
