News

Tinubu signed an executive order to cut the cost of the oil sector, increase investor confidence

In a brave step to rejuvenate the Nigerian oil and gas industry, Bola President Ahmed Tinubu has signed a new executive order aimed at reducing production costs and offering performance -based tax incentives to submit operators. This initiative, announced on Saturday by the President’s Special Advisor on Energy, Olu Verheijen, explained the administrative sustainable effort to position the sector for …

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Nigeria: judicial workers declare strike at national level

The union of the judicial staff of Nigeria (Jusun) ordered its members to start a strike on a national level from midnight on June 1, 2025. The directive was contained in a circular signed by its acting general secretary, MJ Akwashiki. The union ordered all the federal chapters of the Union to stay at home as of June 1, 2025. …

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Naira closed the dollar with a dollar in an official window

The Nigerian currency, Naira, was closed flat against the US dollar on the official market on Friday. Nigerian central bank data (CBN) shows that Naira is closed on N1, 586.15/$ 1 is the same as N1, 586.15/$ 1 which is traded on Thursday. This is not a loss or profit for local currencies. In the black market, Naira obtained N5 …

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Because Tinubu signed the executive order on mountain oil operations

President Bola Tinubu has signed the order of “Operating Operations upstream (incentives for cost efficiency), 2025”, to put an end to the high operating costs in the oil and Nigerian gas sector, compared to the global average. This is contained in a document obtained by our correspondent from the special consultant office to the president for energy in Abuja. According …

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REP Dumps PDP for APC in Cross River

A member of the House of Representatives from Obudu/Obanliku/Bekwarra Federal Constituency at Cross River State, Mr. Peter Akpanke, has defected from the Democratic Party (PDP) of the people to the Congress of All Progressive (APC) in the state. Akpanke confirmed the change during media briefing by Cross River APC Caucus at the National Assembly on Friday in Calabar. Also read: …

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The Dogana intercepts 39,425 liters of smuggled petrol

The national coordinator “Operation Whirlwind” General Customs Controller Hussein Ejibunu, Zonal Coordinator Zone’a ‘del Nigeria Customs Service (NCS), Controller Charles Orbih, representative of the Federation’s Lawyer Office, Mrrs Abidemi Aluko, the representative of the National Excome Celetion, the Zonal Lagos, the Zonal Office, the lake, the lake, the lake. The lake, the zonal office, (Nmdpra) and Patrick Musa, during the …

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Simon Ekpa appeared in the Finnish court on charges of terrorism

A faction leader from the Biafra indigenous people (IPOB), Simon Ekpa, on Friday appeared at the Päijät-Häme District Court on Friday for the preparation hearing on his allegations of terrorism. EKPA was arrested by the Finnish security agency with the other four in November last year due to incitement for financing violence and terrorism in the southeast of Nigeria. Prosecutors …

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