The sudden resignation of the Minister of Defence, Mohammed Badaru Abubakar, may signal further exits from the Federal Executive Council in the coming weeks. Badaru’s exit on Monday has already intensified speculation about an imminent cabinet shake-up. Although it is not for anyone to predetermine the President’s next move, strong indications suggest that more ministers […]

President Bola Tinubu met on Tuesday with Abia State Governor Alex Otti at the Presidential Villa in Abuja amid efforts aimed at securing the release of Nnamdi Kanu, the detained leader of the banned Indigenous People of Biafra (IPOB). The meeting followed closely on the heels of Governor Otti’s recent visit to Kanu at a […]

The Nigerian National Petroleum Company Limited is burdened with crude-backed loan obligations estimated at N8.07tn, according to an analysis of its 2024 financial statements and capital-commitment disclosures. The liabilities stretch across multiple forward-sale and project-financing arrangements that are expected to be serviced through substantial crude oil and gas deliveries. The commitments have become a major […]

The Federal Government has reportedly proposed a 40 per cent salary increase for lecturers under the Academic Staff Union of Universities, sources familiar with the development told our correspondent in Abuja. The proposal comes as ASUU leadership prepares to return to the negotiation table with the Federal Government delegation headed by Yayale Ahmed. The union’s […]

Tax Identification Numbers (TINs) are not required for strictly personal bank accounts under Nigeria’s new tax reforms; they become mandatory only if the account is used for business transactions, the Presidential Committee on Fiscal Policy and Tax Reforms has clarified. Chairman of the tax reforms committee, Taiwo Oyedele, who made this known, advised bank customers […]

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