NewsReports

Edo State Government has said efforts are being made to create the conducive environment to attract investors to expand the 350,000mt per annum aquaculture subsector to diversify the state’s economy. Functioning Permanent Secretary, Ministry of Agriculture and Natural Resources, Peter Aikhuomobhogbe Uidia, disclosed this during a virtual engagement with Edo indigenes in the Diaspora. Stating that the state is seeking …

*Bank to deliver 40m doses of J&J vaccines to Nigeria by 2022 Nigeria’s Vice President, Yemi Osinbajo (SAN) has commended the African Export-Import Bank (AFREXIM) for its efforts in stimulating and developing African trade, including its many engagements in Nigeria. Prof. Osinbajo made the observation today at the Presidential Villa while interacting with a delegation from the bank led by …

…Says: company’s reaction to its recent report was spurious, diversionary …Must deliver proper work to restore polluted environment in Ogoniland By Bob MajiriOghene Etemiku Nigeria’s foremost environmental advocacy group, Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN), has condemned the response by the Hydrocarbon Pollution Remediation Project (HYPREP) to its recent report: No Clean Up, No Justice: a decade of …

Nigeria’s 36 state governments have jointly sued the federal government at the Supreme Court over alleged illegal diversion of over N1.8 trillion in recovered loot. Also allegedly diverted by the federal government, according to the plaintiffs, are N450 billion worth of non-cash assets recovered proceeds of crime since 2015. The plaintiffs alleged that, instead of paying the cash into the …

The President of the United States, Joe Biden, on Monday, defended his administration’s decision to pull out of Afghanistan. Mr Biden, a day after Taliban militants seized control of the country, said he stood firmly by his decision to withdraw troops from Afghanistan, adding that there was never going to be a right time to do that. He argued in a …

The Federal Government may soon end the fuel subsidy regime with the signing of the Petroleum Industry Bill by the President, Major General Muhammadu Buhari (retd.), on Monday. The PUNCH gathered on Monday that the government’s position of fuel subsidy would form the major item during the Minister of State for Petroleum Resources, Chief Timipre Sylva’s press conference on the petroleum …

The Federal Government plans to borrow about N4.89tn from internal and external sources to finance the deficit in its proposed 2022 budget of N13.98trn due to dwindling revenue. The Minister of Finance, Budget and National Planning, Zainab Ahmed, made this known in Abuja on Monday at an interactive session organised by the House of Representatives’ Committee on Finance on the …

• OPEC says it will open door to new investment• Host communities kick, decry exclusion• PDP decries Presidential assent despite outcry, seeks urgent amendment After five decades of operating an obsolete Petroleum Act, President Muhammadu Buhari, yesterday, signed into law, the Petroleum Industry Bill (PIB), not minding the controversial sections and criticisms that trailed the bill. Working from home in …

The Taliban has renamed Afghanistan the ‘Islamic Emirate of Afghanistan’ after its fighters swept into the capital, Kabul, a bustling metropolis of six million that has turned into a male-dominated city without police or traffic controls. An image grab taken from Qatar-based Al-Jazeera television on August 16, 2021, shows Members of Taliban taking control of the presidential palace in Kabul after …

The Peoples Democratic Party (PDP) has advised President Muhammadu Buhari to immediately forward to the National Assembly an amendment bill to the new Petroleum Industry Act. The party gave the advice in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, on Monday in Abuja in reaction to the signing of the Petroleum Industry Bill (PIB) into law by …