Atiku: I’ll drop my case against Tinubu’s academic records when s’court rules
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in the 2023 elections, says he will only “drop” his case against President Bola Tinubu’s academic records after the supreme court verdict. Abubakar spoke on Thursday at a press conference in Abuja. He asked Peter Obi, presidential candidate of the Labour Party […]
Naira, Angola’s kwanza worst performing currencies in Africa, says World Bank
The World Bank has described the naira and the kwanza of Angola as the “worst performing currencies” in Africa so far in 2023. The organisation said both currencies have depreciated by nearly 40 percent. The bank said the decision of the Central Bank of Nigeria (CBN) to remove trading restrictions on […]
Producers of Johnnie Walker to establish Nigerian entity as Guinness stops sale of whisky
By April 2024, Guinness Nigeria will stop the importation and sale of Johnnie Walker, Baileys and other Diageo products — a move that will wipe off 6 percent of the Nigerian brewer’s total revenues. In a statement released on Thursday to the Nigerian Exchange Limited (NGX), Guinness Nigeria said it will no longer […]
Supreme court to rule on Nnamdi Kanu’s detention Dec 15
The supreme court has fixed December 15 to deliver judgment on appeals regarding the continued detention of Nnamdi Kanu, leader of the proscribed Indigenous People Of Biafra (IPOB). A five-member panel of the apex court led by Kudirat Kekere-Ekun, fixed the date for judgment after counsels for the federal government and Kanu adopted […]
Kachikwu: I NEVER took any bribe from Diezani or her ally
Emmanuel Ibe Kachikwu, former minister of petroleum resources, says he never received any bribe from Diezani Alison-Madueke or any of her allies as alleged by prosecutors in a UK court. TheCable had reported that Kachikwu was mentioned in the criminal charges against Alison-Madueke, former minster of petroleum resources, who was accused of receiving […]

N180bn for Delta, Akwa Ibom got N130bn — how six-month N544bn derivation fund was shared
The nine oil producing states shared N544.9 billion from the federation account, through the 13 percent derivation formula, in the first half of 2023. National Bureau of Statistics (NBS) data showed that Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Edo, Imo, Ondo, and Rivers were states that received the funds. The 13 percent […]
EXCLUSIVE: Ibe Kachikwu, ex-minister, named in Diezani’s UK ‘bribery’ case
Ibe Kachikwu, a former minister of state for petroleum resources, has been mentioned in the criminal charges levelled against Diezani Alison-Madueke. Alison-Madueke, who was Nigeria’s minister of petroleum resources between 2010 and 2015, is charged with receiving bribes in the form of cash, luxury goods, flights on private jets and the use of […]
CPPE, MOMAN CEOs back call for sale of refineries, say ‘competent managers needed’
The call for the sale of Nigeria’s refineries has received support from economic and oil experts, who believe the plants will perform better under the management of the private sector. On Tuesday, Taiwo Oyedele, the chairman of the presidential committee on fiscal policy and tax reforms, urged Nigerians to demand that the refineries […]
FG issues two-week timeline for passport processing
Bumi Tunji-Ojo, the minister of Interior, has issued a two-week timeline for the processing of the Nigerian passport. Speaking at a press conference in Abuja on Wednesday, the minister said the Nigeria Immigration Service (NIS) has cleared over 204,000 backlog of passport applications in the last three weeks. He apologised to Nigerians […]
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