NewsReports

To revitalise Nigeria’s oil and gas sector, President Bola Tinubu on Wednesday signed executive orders aimed at attracting investments, optimising resources, and diversifying the nation’s economy. Nigeria, as Africa’s largest oil producer, has long sought to leverage its vast oil and gas resources for economic development. However, challenges such as bureaucratic bottlenecks, contracting delays, and low local participation have hindered …

The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has said the N22.7tn printed by the Central Bank of Nigeria through Ways and Means overdraft for the Federal Government from 2015 to 2023, under former President  Muhammadu Buhari, threw the country into the current inflation.  Edun, who made the lamentation on Wednesday during an interface with the Senate …

The Lagos State Police Command and the National Emergency Management Agency have placed their operatives on red alert against any attack on warehouses and shopping malls. The command’s spokesperson, Benjamin Hundeyin, confirmed this to the News Agency of Nigeria on Thursday. File (Credit: Olatunji Obasa) Hundeyin said that the command had tightened security around the different shopping malls and government …

The trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, continued on Thursday before Justice Hamza Muazu of the Federal Capital Territory High Court in Abuja as a forensic analyst confirmed that the documents used to request the payment of $6.2million for foreign election observers were forged. The witness, Bamaiyi Meriga, called by the Economic and Financial Crimes …

Governor Sim Fubara of Rivers State said he is willing to give up his office for a lasting peace to reign in the state. Fubara stated this in an interview with AIT on Thursday. He said, “No sacrifice will be too big for me to pay for the success of this administration. The reason is very simple, it is not …

A woman has committed suicide after dropping three of her children at a police facility in Enugu State, south-east Nigeria. The incident, PREMIUM TIMES gathered, happened on Saturday. How it happened The yet-to-be-identified woman was said to have walked into Ogui Police Divisional Headquarters in the Enugu North Local Government Area of the state and dropped the children without speaking to …

‘Wilful non-performance won’t be tolerated’ Distribution Companies, TCN  summoned Electricity Distribution Companies (DisCos) are to be held accountable henceforth for poor power supply in the country, the Federal Government said yesterday. Tough sanctions, including licence revocation, await them, Power Minister Adebayo Adelabu threatened. “Moving forward, I’m committed to holding all distribution companies accountable for their performance. “Wilful non-performance will not be tolerated, …

The operatives of the Benue State Police Command have busted a nine-man arms manufacturing syndicate based in Amahundu, Nanev, Kwande Local Government Area of the state.  Among the suspects apprehended from the operational base of the syndicate was a Cameroonian national.  Parading the suspects Wednesday at the Command headquarters in Makurdi, the Commissioner of Police, Emmanuel Adesina, said the gang …

This hostile situation was what dissuaded many locals from farming, leading to a shortage of food items in Nigeria’s markets nationwide. A report has explained how local farmers in Northern Nigeria pay as much as N100,000 to bandits and terrorists to access their farmland during the planting or harvest season. The details of this are contained in a recent report …

•say more Nigerians will lose faith in your government •affirm that “No labourer can live in Nigeria with a wage of less than N100,000” Members of the House of Representatives on Wednesday tasked the Federal Government on the need to accede to clarion call by the Nigeria Labour Congress (NLC) by providing living wage for workers across the country. This …