The Federal Government of Nigeria is set to enact a groundbreaking economic measure designed to invigorate revenue streams beyond the oil sector. In a strategic move to mitigate the nation’s reliance on oil, subject to volatile global prices, this initiative marks a pivotal shift towards economic diversification. Wale Edun, serving as both the Minister of…
In a recent development concerning the Lagos-Calabar Coastal Road project, the Minister of Works, Dave Umahi, has vehemently refuted claims made by former Vice President Alhaji Atiku Abubakar regarding the project’s scope and economic significance. Dave Umahi, while visiting the ongoing rehabilitation of the Enugu-Port Harcourt dual carriageway, criticized Atiku’s analysis as a distortion of…
In a bid to address the dynamics of petrol pricing, oil marketers have engaged in deliberations with Dangote Refinery, proposing a benchmark price of N550 per litre for petrol within the Lagos region. Alhaji Abubakar Migandi Garima, President of IPMAN, revealed that these discussions are centered around various factors including pricing mechanisms, profit margins, and…
In a recent gathering of the organized private sector in Abuja, Allen Onyema, the CEO of Air Peace, commends President Tinubu for his instrumental role in bolstering Nigeria’s business environment. With a strategic vision, President Tinubu has implemented measures that have significantly enhanced the ease of doing business across various sectors. Allen Onyema’s remarks underscore…
The Federal High Court in Lagos has handed down a conviction to the renowned social media influencer Bobrisky for Naira abuse, subsequent to his admission of guilt. Bob, known for his extravagant and daring persona, confessed to the court that he had been unaware of the legislation prohibiting mishandling the Nigerian currency. Despite his plea…
The Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) has embarked on an investigation into the activities of Idris Okuneye, popularly known as Bobrisky, over allegations of Naira abuse. The 31-year-old social media influencer and controversial figure came under scrutiny following a viral video depicting him spraying and flaunting wads of new…
In a significant development for Nigeria’s fuel market, the Dangote Petroleum Refinery has commenced the distribution of diesel, leading to a notable drop in prices across various regions. Previously priced at approximately N1,700 per liter, diesel now stands at around N1,350 per liter in select areas, thanks to the refinery’s entry into the market. An…
The sudden passing of Dr. Paul Akintelure has sent shockwaves throughout Ondo State, particularly within the political circles of the All Progressives Congress (APC). As an astute politician and one of the frontline governorship aspirants of the APC, Akintelure’s death leaves a void in the political landscape of the state. His contributions to the party…
The Nigeria Police Force reiterates its unwavering commitment to combatting the detrimental phenomenon of jungle justice, underscoring its detrimental impact on the efficacy of the legal system. Jungle justice, characterized by mob-driven extrajudicial retribution, poses a significant threat to the rule of law and undermines the principles of justice and fairness. By forcefully condemning this…
In a bid to address the longstanding issues plaguing Nigeria’s power sector, Power Minister Adebayo Adelabu has affirmed the commitment of the federal government to implement long-term solutions. Speaking to the press after a meeting with members of the All Progressives Congress (APC) at the Oyo State party headquarters in Ibadan, Mr Adebayo Adelabu reassured…
