Former Nigerian National Petroleum Company Limited Group Chief Executive Officer Mele Kyari appeared before the Senate Committee on Public Accounts on Tuesday, months after lawmakers threatened to compel his appearance over alleged financial irregularities. Kyari arrived at Hearing Room 4 of the National Assembly with a delegation of oil company officials. His appearance came amid […]
Former President Olusegun Obasanjo has recounted why he ventured into farming after leaving the Nigerian Army and how he was later arrested and imprisoned under the regime of former military Head of State, late Gen. Sani Abacha. Obasanjo also revealed that he rejected an offer of political asylum from the United States despite being warned […]
The Independent National Electoral Commission (INEC) has removed more than 1.6 million invalid entries from the national voters’ register and identified 54 personnel across 10 states allegedly involved in registration irregularities, warning that those found culpable would face disciplinary action and possible prosecution. The development comes as the judiciary prepares to handle disputes arising from […]
Kano State Governor, Abba Yusuf, on Monday unveiled a ₦50,000 monthly empowerment grant scheme for 5,200 women across the state as part of his administration’s efforts to promote women’s economic empowerment, self-reliance and improved household livelihoods. A statement issued on Tuesday by the Governor’s Chief Press Secretary, Mustapha Muhammad, said the governor unveiled the programme […]
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has defended his proposed ₦10 million reward for councillors who deliver their respective wards for President Bola Tinubu in the 2027 general elections, dismissing allegations that the offer amounts to vote-buying. Wike said the proposed reward was intended to encourage political mobilisation, commitment and hard work, […]
The perennial low capacity of local insurance underwriters currently accounts for Nigeria’s 90 per cent reliance on foreign insurance firms, which bill the aviation and maritime sector an estimated N500 billion yearly. Despite reforms in the insurance sector, estimates indicate that its penetration remains at 0.5 per cent – a far cry from Africa’s average […]
Former Vice President and African Democratic Congress presidential candidate, Atiku Abubakar, has rejected the Federal Government’s proposed $500m World Bank loan, arguing that the Bola Tinubu administration should not enter into a fresh debt commitment shortly before the 2027 presidential handover. Atiku’s position followed reports that the Federal Government is seeking the World Bank facility […]
Nigeria’s active telecommunications subscriptions rose to 200.3 million in September, crossing the 200 million mark for the first time since the NIN-SIM enforcement exercise led to mass line disconnections in 2024. Latest data from the Nigerian Communications Commission, NCC, showed that active lines increased by about 2.9 million, from 197.4 million in August. The September […]
The Nigeria Deposit Insurance Corporation has expressed concern over the refusal of some debtors of failed banks to repay outstanding loans, accusing them of deliberately frustrating recovery efforts through asset concealment, legal delays and intimidation. The corporation warned that such practices undermine efforts to recover funds belonging to depositors and delay the payment of outstanding […]
The Economic and Financial Crimes Commission is secretly investigating the 774 local government chairmen across the country over their management and spending of public funds since the councils gained financial autonomy. The investigation, which is being handled by the commission’s zonal directorates, is aimed at determining whether the councils have been accountable in the management […]
