MAGA Speaker Mike Johnson has raised eyebrows by publicly endorsing Texas Governor Greg Abbott’s controversial decision to defy both the Supreme Court and the federal government. This move has ignited a constitutional crisis, with prominent Republicans like Speaker Mike Johnson seemingly aligning themselves with what some are calling treasonous actions. The focal point of this…
Nigeria’s road infrastructure, the Minister of Works, Sen. David Umahi, convened a closed-door meeting with key figures from the business community, including prominent personalities like Alhaji Aliko Dangote and Chief Tony Elumelu. The meeting, held at the Federal Ministry of Works in Abuja on January 24, 2024, focused on devising innovative strategies to involve the…
The Federation Account Allocation Committee (FAAC) declared a remarkable distribution of N1.13 trillion in earnings for December 2023. This marked a substantial increase of N500 billion compared to the previous month’s allocation, demonstrating a positive financial trend. The committee, led by Dr. Oluwatoyin Madein, the Accountant General of the Federation, disclosed the breakdown of this…
Minister of Solid Minerals, Federal Republic of Nigeria, Dele Alake, disclosed that he has been receiving threats in connection with his stand on the issue of illegal mining and banditry. During a press briefing held at the explosion site in Ibadan, Oyo state, Minister Dele Alake expressed his commitment to transparency and highlighted the importance…
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,…
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…
In a strategic move set to reshape the energy distribution landscape in Nigeria, Eterna Plc has inked a pivotal deal with Dangote Petrochemical Refinery, securing its position as the official sales distributor for Dangote’s petroleum products within the country. The landmark agreement was unveiled through a corporate disclosure, signed by Mandella Golkus, the Company Secretary…
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…
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 significant move within the energy sector, Shell has officially confirmed reaching an agreement to divest its Nigerian onshore oil business, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to the Renaissance consortium. This consortium comprises four exploration and production companies based in Nigeria, along with an international energy group. The deal, while…
