General

With bated breath, they wait endlessly hoping the prolonged strike would end soon. But there seems to be no end in sight. In the past five months, the lingering crisis between the federal government and the Academic Staff Union of Universities (ASUU) has put students at a disadvantage. As things stand, the Nigerian university educational […]

The World Bank says the current petrol subsidy regime poses an “existential threat” to Nigeria. According to PUNCH, Rajul Awasthi, senior public sector specialist, domestic resource mobilisation, World Bank, said this at a virtual pre-summit themed ‘Critical Tax Reforms for Shared Prosperity’. The event was organised by the Nigerian Economic Summit Group […]

Peter Obi, presidential candidate of the Labour Party (LP), says the federal government should restrict borrowings to a statutory 5 percent of the previous year’s revenue. Obi disclosed this on Thursday on his verified Twitter page, warning that Nigeria must limit borrowing for consumption. In 2020, the federal government exceeded 3 percent fiscal […]

The Defence Headquarters (DHQ) says two additional fighters of the Islamic State in West Africa Province (ISWAP), who are behind the attack on St Francis Catholic Church, Owo, Ondo state, have been arrested. On June 5, gunmen attacked the church, killing over 40 people. On June 9, Rauf Aregbesola, minister of interior, said […]

Last month, the Nigerian Civil Aviation Authority (NCAA) suspended Dana Airlines’ air transport licence (ATL) and air operator certificate (AOC) indefinitely. NCAA had said it suspended the operating licences after “discovering that the airline was no longer in a position to meet its financial obligations and to conduct safe flight operations”. In a document obtained by […]

Rotimi Akeredolu, governor of Ondo, says he won’t have any objection if Peter Obi, presidential candidate of Labour Party (LP), wins the 2023 election. Akeredolu spoke on Wednesday in an interview on Channels Television. Akeredolu is a member of the All Progressives Congress (APC) and Bola Tinubu, former Lagos governor, is the […]

Gbadebo Rhodes-Vivour, a former senatorial candidate of Peoples Democratic Party (PDP), has been declared the winner of the Labour Party (LP) governorship primary for Lagos. Rhodes-Vivour was declared winner of the LP substitution primary, which took place at Ikeja, Lagos, on Wednesday. He polled 111 votes to defeat Moshood Salvador, a former […]

President Muhammadu Buhari has reversed his authorisation of the acquisition of ExxonMobil Corporation assets by Seplat Energy Plc. In February, Seplat had agreed to acquire the entire share capital of MPNU from Exxon Mobil for $1.3 billion.  Garba Shehu, presidential spokesperson, disclosed this to Premium Times, on Wednesday.  Shehu said the […]

Ahmed Idris, suspended accountant-general of the federation, is seeking a plea bargain in a criminal suit preferred against him by the Economic and Financial Crimes Commission (EFCC). In May, TheCable had reported how Idris was arrested in Kano after he failed to respond to invitations by the commission to answer questions over the […]