#featured

Governor Seyi Makinde of Oyo State has acknowledged the importance of the recent Supreme Court ruling on local government autonomy, but said the ruling did not address the real problems in the state. According to him, the decision was only a diversion of the issue, because the issue of regional autonomy was only one part of a larger puzzle. The …

In a significant legal victory for Nigeria, the UK Court of Appeal has ruled that Process and Industrial Developments Limited (P&ID) must pay the country’s legal costs associated with a failed gas processing contract dispute, and crucially, those costs must be paid in British Pounds Sterling (GBP). This was stated in a statement by the Special Assistant to the President …

In an effort to address the persistent problem of oil theft in the Niger Delta, the Federal Government of Nigeria (FG) has awarded a $21 million contract for the measurement of 187 crude oil flow stations. This initiative, approved by the Federal Executive Council (FEC), is a significant step towards increasing transparency and accountability in the national oil and gas …

Here are the top 10 stories making headlines across the country. 1. Tinubu named the National Theatre after Wole Soyinka as a birthday present President Bola Tinubu on Friday announced that the National Arts Theatre, Iganmu, Lagos, will henceforth bear the name of Nobel Laureate, Professor Wole Soyinka.Read more 2. NBS SURVEY: Nigerians paid N721 billion in cash bribes to …

The equity market reversed four consecutive days of losses this week, with investors booking profits of N172 billion at the close of trading on Friday. This follows the growth in share prices of CUTIX, LEARN AFRICA, and CAVERTON, among others, on the trading floor today. After five hours of trading in the capital market, equity capitalization increased to N56.4 trillion …

President Bola Tinubu on Friday announced that the National Arts Theatre, Iganmu, Lagos, will henceforth bear the name of Nobel Laureate, Professor Wole Soyinka. Tinubu stated this in a statement issued to celebrate the 90th birthday of the renowned playwright and literary icon. The President praised Soyinka’s outstanding literary achievements and his unwavering commitment to human dignity and justice. Tinubu …

Here are the top 10 stories making headlines across the country. 1. Minimum wage: Tinubu meets labour leaders, talks to continue next week President Bola Tinubu and trade union leaders met on Thursday to discuss a new minimum wage for workers in the country. Read more 2. The military says it has uncovered planned attacks on critical infrastructure. Nigerian authorities …

Investors in the Nigerian equity market lost N188 billion at the end of trading on Thursday. This follows the fall in the value of shares of IKEJA HOTEL, HONEYWELL FLOUR, and SEPLAT among others on the trading floor today. After five hours of trading in the capital market, equity capitalization declined to N56.2 trillion from N56.4 trillion posted by the …

The Supreme Court ruled Thursday morning that the state governor’s action to withhold funds budgeted for local government administration was unconstitutional. The Court ruled that the Federal Government must pay sums due to the credit of Local Governments in the Federation directly to the Local Government Areas administered by democratically elected officials. READ ALSO: Supreme Court to rule on local …

To get water, residents are forced to use unsafe water supplies and poor sanitation to survive. Although billions of naira have been injected to provide drinking water to the people of Anambra State over the past few years by successive governments, many residents still struggle daily to access clean and drinkable water. THE GLORY OF CHIDALU report Visits to at …