FEC receives N3trn subsidy bill for 2022 from NNPC
The federal executive council (FEC) says it has received a bill of N3 trillion from the Nigerian National Petroleum Corporation (NNPC) as payment for petrol subsidy in 2022. This is coming after the federal government proposed an 18-month extension for the implementation of the petroleum industry law to cater for subsidy shortfall. Zainab Ahmed, […]
Petrol subsidy to bite harder as oil price rises to $90 per barrel
Oil prices rose on Wednesday to $90 a barrel for the first time since October 2014. Over the past months, oil prices have continued to surge as countries relaxed lockdowns and dropped travel restrictions. The current price is higher than the $62 per barrel oil benchmark in the 2022 budget signed by […]
Court rules: FG’s deduction from federation account to fund police illegal
A federal high court in Abuja has declared that the direct deduction of funds from the federation account to fund the Nigeria Police Force (NPF) is illegal. In a judgment delivered on Wednesday, Ahmed Mohammed, the presiding judge, held that the provisions of section 4(1)(a) (b) of the Police Trust Fund Act 2019, […]
Nnamani: Whoever Ugwuanyi chooses will be next Enugu governor… that’s our tradition
Ken Nnamani, former senate president, says it is up to Ifeanyi Ugwuanyi, governor of Enugu, to choose his successor. In a statement issued on Wednesday, Nnamani, who is a former governor of the state, said it has been the norm in Enugu since 1999 for […]
‘The party doesn’t believe in me’ — Biodun Olujimi pulls out of Ekiti PDP guber primary
Biodun Olujimi, senator representing Ekiti south, has pulled out of the Peoples Democratic Party (PDP) primary election in Ekiti state. Olujimi, who was one of the top contenders in the race, said she was disenfranchised by the party. She said: “I came to drop my letter that I was pulling out of […]
FAKE NEWS ALERT: APC has not zoned presidential ticket, says Buni
The All Progressives Congress (APC) has not zoned its presidential ticket and national working committee (NWC) offices to any region or zones, Mai Mala Buni, national chairman of the party’s caretaker committee, has said. On Tuesday night, a list was circulated on social media which suggested that the APC had zoned its presidential […]
Okorocha declares intention to run for president in 2023
Rochas Okorocha, senator representing Imo west, has declared his intention to run for president in the 2023 general election. Okorocha’s intention was stated in a letter read by Senate President Ahmad Lawan on the floor of the upper legislative chamber on Wednesday. The former governor of Imo state said he would formally […]
‘Don’t blame Buhari for the mess you put Benue’ — presidency hits Ortom
The presidency has asked Samuel Ortom, governor of Benue, not to blame President Muhammadu Buhari for the challenges experienced in the state. In a recent interview with Arise Television, Ortom had said the All Progressive Congress (APC) has ruined Nigeria and that citizens regret voting Buhari into power. On the allegations of […]
EXTRA: Reps majority leader welcomes 28th child — expects to have 30 by 2023
Ado Doguwa, the majority leader of the house of representatives, has welcomed his 28th child. Doguwa disclosed this while speaking on the floor of the house during plenary session on Tuesday. Ndudi Elumelu, minority leader of the house, had congratulated Doguwa on the birth of his child. Responding, Doguwa said: “This […]
Avoid loan sharks, leverage on microfinance banks, Emefiele tells Nigerians
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigerians should beware of illegal money lenders, known as loan sharks. Emefiele said this on Tuesday at the end monetary policy committee meeting in Abuja. Loan sharks offer loans at extremely high rate returns, strict terms of collection upon failure, and […]