NewsReports

Barely two months after the September completion deadline flop, the Nigerian National Petroleum Commission has explained why it could not deliver the much-awaited Port Harcourt Refinery Company. In an interview with our correspondent on Monday, the NNPC Chief Corporate Communications Officer, Olufemi Soneye, said the company encountered risks and challenges while carrying out the rehabilitation, being a brownfield project. He …

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, on Monday, said the proposed tax reform bills before the National Assembly are not aimed to undermine any region of the country. Mr Oyedele, who disclosed this in Abuja, during an interactive session on the proposed Nigeria Tax Bill, 2024, organised by the House of Representatives, …

The loan, if approved, is intended to partly finance the N9.7trillion budget deficit for the year.  President Bola Tinubu has submitted a fresh external borrowing proposal to the National Assembly, requesting approval for N1.767trillion under the 2024 appropriation act.  The loan, if approved, is intended to partly finance the N9.7trillion budget deficit for the year.  The request was presented to …

Five persons were on Monday killed by yet-to-be-identified gunmen who opened fire on some residents and security operatives at Ukpo community in Dunukofia Local Government Area and Abatete community in Idemili North Local Government Area of Anambra State, the News Agency of Nigeria (NAN) has reported. This is just as the state police command has launched a manhunt for the …

President Bola Tinubu has lauded the creation of the Global Alliance Against Hunger and Poverty, championed by President Luiz Inacio Lula da Silva of Brazil. He described the alliance as pivotal in the global fight against hunger and poverty. PHOTO CAPTION L -R : First Lady of Brazil,Janja Lula da Silva; President of Brazil,Luiz Inacio Lula da Silva welcome Nigerian …

Special Adviser to President Bola Tinubu on Public Communication and Orientation, Sunday Dare, has responded sharply to recent criticisms from former President Olusegun Obasanjo, accusing him of perpetuating mischief and distorting facts in his comments. In a post on X (formerly Twitter), Dare defended President Tinubu’s administration and reaffirmed its commitment to progress, asserting that successive Nigerian governments, including Tinubu’s, …

Former president, Chief Olusegun Obasanjo, has said that the level of corruption in the country has passed the alarming and entered the fatal stage. He said this in his keynote address on the topic, ‘Leadership Failure and State Capture in Nigeria,’ delivered at the Chinua Achebe Leadership Forum, Yale University, New Haven, in the United States of America. The former …

The remains of the immediate past Chief of Army Staff, Taoreed Lagbaja, were buried at the military cemetery, Abuja on Friday. It was a state funeral. He passed on, on 5 November, in Lagos after a brief illness. Encomiums of the elegiac variety are being showered on him as one of the finest officers to have donned the country’s army …

President Bola Tinubu has felicitated the winner of Saturday’s Ondo State governorship election, Mr Lucky Aiyedatiwa of the All Progressives Congress (APC), while also commending the peaceful conduct of the process. However, the president urged all those dissatisfied with the outcome of the election to go to court. According to a statement issued by Bayo Onanuga, Special Adviser to the …

Mr Obasanjo described the 2023 general election as a “travesty”. Former President Olusegun Obasanjo has called for the dismissal of the Chairman of INEC, Mahmood Yakubu, and officials of the commission at all levels as part of a reform of the electoral process in Nigeria. Mr Obasanjo made the call in a paper he presented at the Chinua Achebe Leadership Forum, Yale University, …