PSC compulsorily retires four DIGs ‘for failing to uphold police tradition’ after Egbetokun’s appointment
The Police Service Commission (PSC) has directed four deputy inspectors-general of police to proceed on compulsory retirement. The affected DIGs are Dan-Mallam Mohammed, Moses Ambakina Jitiboh, Hafiz Mohammed Inuwa and Adeleke Adeyinka Bode. The PSC said the police officers, who were initially seniors in rank to Kayode Egbetokun, the acting IGP, failed […]
2023 Finance Act implementation, telecoms Q2 data… 7 business stories to track this week
Here are the seven top business stories you need to track this week — August 28 to September 1. FINANCE ACT 2023 TAKES EFFECT SEPT 1 From September 1, 2023, the Federal Inland Revenue Service (FIRS) will begin to charge the 7.5 percent value-added tax (VAT) on items excluded from building. […]
Newspaper Headlines: CCB begins assets verification of governors, ministers
Reports on possible flood disasters in some states and the unemployment data debate, dominate the cover pages of Nigerian newspapers. Source: Top Stories
Subsidy removal: FG can’t gag Obaseki from speaking truth to power, says Edo government
The Edo government says it is unfortunate that the federal government wants to gag Godwin Obaseki, governor of the state, over his opinion on the fuel subsidy removal. Obaseki had said that he was shocked to find out that the administration of President Bola Tinubu has no plan for post-subsidy removal. Responding […]
Tinubu: Servicing external debt with 90% of our revenue is path to destruction
President Bola Tinubu says servicing Nigeria’s external debt with 90 percent of the country’s revenue is not sustainable. Tinubu made the comment on Sunday in Abuja while declaring open the annual conference of the Nigerian Bar Association (NBA). On May 19, 2023, KPMG projected that Nigeria’s debt service-to-revenue ratio may exceed 100 […]
FG discovers illegal crude oil connection points in Abia, says $7.2m lost to theft monthly
The Nigerian National Petroleum Company Limited (NNPCL), on Sunday, says the country loses an average of $7.2 million monthly from illegal oil connections. The oil firm disclosed this following the discovery of an illegal connection in Owaza community, Abia state. The illegal connection was discovered on Saturday, by the oil theft situation […]
‘There’s crisis there’ — Angwe, ex-NNPP national legal adviser, dumps party
Bem Angwe, a former national legal adviser of the New Nigeria Peoples Party (NNPP), has resigned from the party. In a statement on Sunday, Angwe, the governorship candidate of the party in Benue state in the last general election, blamed “crisis and confusion” as some of the reasons that made him leave the […]
Elumelu: It’s ironic Nigeria has abundant gas but can’t optimally operate its power plants
Tony Elumelu, founder of the Tony Elumelu Foundation (TEF), has called for investments in Nigeria’s power sector. He spoke on Sunday in Abuja at the Nigerian Bar Association (NBA) annual general conference. Elumelu, who is also the chairman of Transcorp Power Limited, said it was “ironic” that Nigeria has abundant gas resources […]
Abia at 32: I’ll prudently manage state’s resources for residents’ benefit, says Alex Otti
Alex Otti, governor of Abia, says he will prudently manage the available resources to the benefit of the people and development of the state. In a statewide broadcast, on Sunday, to commemorate the 32nd anniversary of the creation of the state, Otti asked residents to support his administration’s “rebuilding agenda” by paying taxes […]
NAF air strikes destroy illegal refineries, oil-laden boats in Rivers
The Nigerian Air Force (NAF) says it has destroyed some illegal crude oil refining sites and boats in Rivers. In a statement, Edward Gabkwet, NAF spokesperson, said the attacks were carried out on Sunday on the sites located at Cawthorne Channels, Bille and Gogokori in Degema LGA of Rivers. He said a Cotonou […]