President Bola Ahmed Tinubu has explained that his administration maintains a strict policy against negotiating with criminals or paying ransom, saying the Federal Government recently rejected kidnappers’ demands for money and the release of detained members of their gang. The president stated this on Thursday at the State House, Abuja, while receiving traditional rulers from […]

The Federal Government has approved an upward review of hazard allowances and other earned benefits for members of the Non-Academic Staff Union of Educational and Associated Institutions in federal universities. Under the new remuneration package, laboratory hazard allowance for senior employees will increase by as much as N126,000 annually. The package takes effect retrospectively from […]

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and Director General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, will lead discussions on building resilient African economies at the 7th Africa Emerging Markets Forum. The forum will bring together senior policymakers, central bankers, ministers, development partners, private sector leaders and leading economists to […]

The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit, popularly called petrol, in naira, ending its brief dollar-denominated pricing regime, while increasing its ex-depot price by N140 per litre. The latest development comes one week after the 650,000-barrels-per-day refinery suspended truck loading of petrol and switched to dollar pricing, a decision that […]

The Senate has suspended further legislative action on a bill seeking to establish a Nigerian Coast Guard, opting instead for wider consultations amid concerns that the proposed agency could duplicate the responsibilities of existing maritime security institutions. The decision came during plenary on Wednesday after lawmakers debated the measure, which had already progressed through committee […]

The Senate has suspended further legislative action on a bill seeking to establish a Nigerian Coast Guard, opting instead for wider consultations amid concerns that the proposed agency could duplicate the responsibilities of existing maritime security institutions. The decision came during plenary on Wednesday after lawmakers debated the measure, which had already progressed through committee […]

The investigation into the controversial Presidential Foreign Intervention Promotion Council intensified on Wednesday as the Independent Corrupt Practices and Other Related Offences Commission commenced interrogation of the alleged founder of the disputed agency, Adeniyi Adeyemi, inside police detention. The PFIPC controversy erupted after allegations that Adeyemi presented himself as the Director-General of a presidential body […]

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