Business

The Senate Committee on Public Accounts on Thursday summoned the former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and his management team over an alleged N210 trillion discrepancy in its financial statements. The chairman of the committee, Senator Ahmed Wadada, announced the call at a press conference in Abuja. Wadada said the development …

The Human Rights Committee has renewed its call for the establishment of state police across Nigeria, saying the current centralized police structure has become excessive and ineffective in addressing growing insecurity. In a statement jointly signed by its National President, Comrade Yinka Folarin, and Secretary General, Comrade Idris Afees Olayinka, the civil rights group described the initiative as a vital …

By Ayo Kehinde The Federal Executive Council (FEC) has approved road infrastructure projects worth over ₦1.2 trillion across the country, including the demolition and redesign of the Carter Bridge in Lagos, as part of efforts to modernize Nigeria’s transport network and boost economic connectivity. Briefing State House Correspondents after the Federal Executive Council meeting chaired by President Bola Tinubu on …

Nigeria’s foreign exchange reserves recorded a sharp increase by the end of 2025, with net reserves reaching $34.80 billion, according to Central Bank Governor Olayemi Cardoso. In a statement issued by the CBN on Monday, Cardoso explained that gross and net reserves showed “significant increases by the end of 2025, reflecting stronger external sector fundamentals and ongoing policy reforms.” He …

COAS directs NASME to intensify mission-oriented training for more effective combat The Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, has tasked the Nigerian Army School of Military Engineering (NASME) to support rigorous, mission-oriented training in order to produce highly competent engineers capable of providing effective combat support in theaters of operation. The COAS gave the directive on Wednesday, …

Investors lost $101 billion on Wednesday as sell-offs in key stocks pushed the Nigerian stock market back into negative territory after two days of gains. Massive profit taking in Dangote Sugar, Jaiz Bank, CAP, Union Dicon Salt and Haldane McCall weighed on the overall market performance. At the close of trading, the market capitalization of the Nigerian Exchange Ltd. (NGX) …

Post views: 58 Ralph Nweke, secretary of the Anambra State Football Association, ANSFA, has been appointed as the football coordinator of the Tinubu Suport Organisation, TSO, in line with President Bola Ahmed Tinubu’s renewed hope agenda, Silvernews.com.ng reports. The appointment by the TSO Management is in accordance with the TSO National Football Tournament scheduled for April 2026. Nweke has …

Minister of State for Finance-designate, Taiwo Oyedele, has announced that 12 states have enacted the new Federal Government Tax Harmonization Act, introduced as part of the ongoing fiscal reforms. Speaking in Abuja on Wednesday at the graduation of 5,900 entrepreneurs trained by the MTN Foundation, Oyedele explained that 13 other states had submitted the law to their Houses of Assembly, …

The Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, has expressed opposition to the proposed law on the protection of human rights defenders, arguing that existing Nigerian laws already provide adequate guarantees for fundamental rights. Fagbemi’s position was expressed through the Chief of State, Reuben Imarha, on Wednesday at a public hearing at the Human Rights Committee …

By Ayo Kehinde President Bola Tinubu, on Wednesday, ordered the immediate suspension of the cashless payment system recently introduced at airports across Nigeria, following widespread complaints of traffic jams and inconvenience. The Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this to State House correspondents at the end of the meeting of the Federal Executive Council (FEC), chaired by …