President Bola Tinubu is preparing to shake up his cabinet ahead of Nigeria’s Independence Day celebrations on October 1, 2024. Sources within the presidency have revealed that the Tinubu cabinet reshuffle is a response to growing criticism over the administration’s handling of the economy and governance. Several ministries, including Petroleum Resources, Power, Transport, Water Resources,…
Jelfah invests N24bn, as Enugu divests 60 per cent equity stake Enugu State Government and Jelfah Nigeria Ltd have signed a N40bn deal for the revitalisation of the long-moribund and state-owned Sunrise Flour Mills, Enugu. The deal, which was signed at the Government House, Enugu, today, saw Jelfah acquire 60 per cent equity stake in…
The PDP postpones NEC meeting for the second time, shifting the party’s 99th National Executive Committee meeting to October 24, 2024. The postponement, which has sparked internal discontent, was originally set for September 26 but has been delayed due to unresolved congress issues in eight states. According to the National Working Committee (NWC), the postponement…
Three major oil marketers are preparing to bring in about 141 million litres of Premium Motor Spirit (PMS), commonly known as petrol, into Nigeria this week. This comes as the Federal Government’s decision to fully deregulate the downstream oil sector continues to reshape the country’s petroleum landscape. According to industry sources, the three marketers are…
N1.203 Trillion Revenue Shared Among Federal, State, and Local Governments for August 2024 In a bid to sustain the fiscal operations of all tiers of government, the Federation Accounts Allocation Committee (FAAC) has disbursed N1.203 trillion in revenue for August 2024. This distribution, which was revealed in the committee’s September meeting in Abuja, was shared…
Debt Pressures Mount as 20 Nigerian States Borrow N446bn Amid Shrinking Revenues Twenty Nigerian states have borrowed a fresh N446.29 billion to navigate growing fiscal challenges as their revenues continue to plummet. Despite an increase in statutory allocations from the Federation Account, the financial strain from existing debt servicing has left state governments struggling to…
Federal Capital Territory Minister, Nyesom Wike, recently held a private meeting with the PDP Board of Trustees (BoT), fueling speculations about ongoing efforts to address the crisis within the party. The meeting, led by Senator Adolphus Wabara, took place in Abuja, where Wike and the BoT gathered behind closed doors to discuss key issues plaguing…
INEC Declares Julius Abure’s Removal as Labour Party Chairman Amid Allegations of Misconduct The Independent National Electoral Commission (INEC) has confirmed that Julius Abure has been removed as Labour Party chairman, citing multiple violations of party rules. INEC’s decision follows allegations of misconduct and non-compliance with electoral guidelines under his leadership, prompting the electoral body…
Looking for the best reliable used cars for your budget? Whether you’re searching for a car that won’t break the bank or one that offers lasting value, finding a dependable vehicle is crucial. In this guide, we’ll explore ten used cars that combine reliability with affordability, ensuring you get the most value for your money….
IPMAN Criticizes NNPCL Over Higher Pricing of Dangote Refinery Petrol Than Imported Products The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed concerns over the pricing strategy of the Nigerian National Petroleum Company Limited (NNPCL) regarding petrol sourced from the Dangote Refinery. According to IPMAN, it makes no sense for NNPCL Dangote petrol pricing…
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