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 […]
The Nigerian Army has successfully rescued 12 teenage girls abducted by Boko Haram/ISWAP terrorists in Mussa District of Askira/Uba Local Government Area. The victims, aged between 15 and 20, were kidnapped on 23 November while harvesting crops on their family farms. They were freed on Saturday, 29 November, following a swift, intelligence-led operation by troops […]
The Presidency has dismissed recent comments credited to former President Olusegun Obasanjo, suggesting that Nigeria should seek foreign governments to help stabilise its internal security, describing the position as “ignoble, misleading, and unbecoming of a former leader who failed to act when terrorism first took root.” In a strongly worded response issued on X by […]
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 […]
Deputy President Kithure Kindiki has called on Kenyans to “rally behind their new leaders” as he congratulates the winners of Thursday’s by-elections in 22 constituencies. In a statement that emphasized unity following pockets of violence during the polls, Kindiki said the government is committed to inclusive development and “respectful politics across the country.” Kenya’s Commission […]
Former President Goodluck Ebele Jonathan is safe and has left Guinea-Bissau following a military coup that toppled the country’s government, the Federal Government confirmed on Thursday. The Ministry of Foreign Affairs spokesperson, Kimiebi Ebienfa, told journalists in Abuja, “Former President Goodluck Ebele Jonathan is very safe and out of Guinea-Bissau. He left with a special […]
Following the withdrawal of 11,566 policemen by the authorities, prominent Nigerians have revealed plans to apply to the Nigeria Security and Civil Defence Corps for orderlies and security escorts. The move, ordered by President Bola Ahmed Tinubu, is part of an aggressive push to redirect overstretched security manpower to escalating nationwide threats—including kidnapping spikes in […]
Former governor of Jigawa State, Alhaji Sule Lamido, has given the Peoples Democratic Party (PDP) a 10-day ultimatum to resolve its internal crisis in the interest of its members and Nigeria. Lamido issued the ultimatum while addressing Jigawa State stakeholders of the party at his residence in Kano on Thursday, and called for the dissolution […]
“It is regrettable that despite the efforts and numerous attempts by President Ramaphosa and his administration to reset the diplomatic relationship with the US, President Trump continues to apply punitive measures against South Africa based on misinformation and distortions about our country,” the South African Presidency said in a statement. In the lengthy post on […]
President Bola Tinubu has approved the constitution of the Nigerian side of the US-Nigeria Joint Working Group as part of steps to deepen collaboration in tackling security challenges in the country. The composition of the Joint Working Group was part of the agreement reached during the recent trip to Washington, DC, by a high-level […]
Guinea-Bissau’s military has sworn in General Horta Nta Na Man as transitional president and announced a one-year interim administration. This comes a day after senior officers said they had deposed President Umaro Sissoco Embalo, halted the election process, and formed the “High Military Command for the Restoration of Order.” His main rival, Fernando Dias, claimed […]