Business

Ex-NNPCL CFO in Senate: N210trn not missing; says N2.9 billion, not N5.8 billion, was spent on registering a new company (see CAC, NRS links)

A former Chief Financial Officer (CFO) of the Nigerian National Petroleum Company Limited (NNPCL), Umar Ajiya, says there is no shortage of money, contrary to reports that the company could not heed the N210 trillion audit demands of the Auditor General of the Federation. Ajiya stated this on Wednesday before senators in Abuja, after presenting his report on the issues …

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Nelo Dreams and the RiFC Foundation promote safer streets through the mental health initiative

Post views: 45 By Silvernews As part of efforts to promote mental wellbeing and improve road safety, the Nelo Dreams Foundation, in collaboration with the RiFC Foundation, will host a targeted men’s mental health awareness program for commercial drivers, tricycle operators and motorcyclists in the Federal Capital Territory (FCT), Abuja. The programme, themed “Lead with your mind, not just …

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The proposal for a six-year mandate triggers negative reactions, analysts and citizens call it a “distraction”

Senate leader Opeyemi Bamidele’s proposal to introduce a single six-year term for Nigeria’s president and state governors has drawn sharp criticism from public affairs analysts and citizens, who have described the move as a misplaced priority amid pressing national challenges.. Bamidele on Monday unveiled plans to sponsor a constitutional amendment bill that seeks to replace the current two-term, four-year tenure …

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Senate criticizes SEDC chief for $153 million room rental, $2.5 billion in ‘implicit expenses’ – THISAGE

By Victor Osula, Abuja The South East Development Commission (SEDC) came under intense Senate scrutiny on Tuesday after lawmakers questioned financial records showing the agency spent 153 million naira on rent for a one-room liaison office in Abuja and listed another 2.5 billion naira as “implicit expenditure” without adequate explanation. The Senate Committee on the Southeast Development Commission, chaired by …

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Court adjourns property dispute case against Iyabo Obasanjo and others

The Federal High Court in Abuja on Wednesday adjourned to July 9 for hearing a suit filed against Senator Iyabo Obasanjo and others over an Abuja property. The case, which was before Justice Mohammed Umar as of March 30, had now been reassigned to Justice Inyang Ekwo, who had previously heard the case. The matter, which figured eighth in the …

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Nelo Dreams and the RiFC Foundation promote safer streets through the mental health initiative

Post views: 24 By Silvernews As part of efforts to promote mental wellbeing and improve road safety, the Nelo Dreams Foundation, in collaboration with the RiFC Foundation, will host a targeted men’s mental health awareness program for commercial drivers, tricycle operators and motorcyclists in the Federal Capital Territory (FCT), Abuja. The programme, themed “Lead with your mind, not just …

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Gumi: No one can stop me from traveling across Nigeria

Islamic cleric, Sheikh Ahmad Gumi, has said no individual or group has the authority to restrict his movements anywhere in the country, following renewed controversy over his visit to Ibadan, Oyo State, late last year. Gumi, who recently faced public criticism and allegations bordering on attempts to promote the “Islamisation” narrative in some parts of the South West, insisted that …

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ACF criticizes Tinubu, Atiku and Obi ahead of 2027, says no region can decide Nigeria’s presidency alone – THIS FACILITY

By Ayo Kehinde The Arewa Consultative Forum (ACF) has said no credible alternative has yet emerged ahead of the 2027 presidential elections, blaming President Bola Tinubu, former Vice President Atiku Abubakar and former presidential candidate, Peter Obi, while insisting that no single region, including the North, can independently determine the outcome of Nigeria’s presidential race. The position was expressed by …

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Nigeria’s trade balance jumps to N7.55tn as imports shrink, exports edge higher

Nigeria recorded a substantial improvement in its external trade position during the first quarter of 2026, with the country’s trade surplus almost doubling compared to the same period last year, according to newly released data from the National Bureau of Statistics. Latest figures show that the country posted a trade surplus of N7.55 trillion between January and March 2026, an …

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Police order demonstrations in Osun to be suspended

‎The Police Command in Osun State has ordered political parties to suspend planned demonstrations in Oriade Local Government Area to prevent a possible outbreak of violence. This is contained in a statement released by the Police Public Relations Officer, DSP Abiodun Ojelabi, in Osogbo on Tuesday. Ojelabi advised political parties to reschedule demonstrations previously scheduled for Wednesday in the area, …

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