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Comptroller-General of Customs, Bashir Adeniyi, has expressed optimism that the suspension of duties and taxes on imported food items will lead to a reduction in food prices. Speaking to the media at a security chiefs meeting in Abuja on Tuesday, Adeniyi underlined the Customs service’s commitment to enforcing government policies. Adeniyi explained that the suspension was aimed at addressing the …

Amid the ongoing tussle between Dangote Refinery and Nigeria’s oil and gas sector Regulatory bodies, concerns have been raised as international rating firm, Fitch Rating has downgraded Dangote Industries Limited, DIL to ‘B+(nga)’ from AA(nga) placing the company on Negative Watch. Some of the reasons for concern put forward by the rating agency for the downgrade include lower than expected …

Several developments have called into question the federal government’s intention to restart oil production at the 650,000 barrels per day (bpd) Dangote refinery in Lagos in recent weeks. The developments relate to the supply of crude to the refinery and the sale of refined products due to the wide exchange rate gap between the naira and the dollar. Several regulatory …

The Peoples Democratic Party (PDP) has accused the Nigerian government led by the ruling All Progressives Congress (APC) of orchestrating the killing of protesters by security forces in the ongoing #EndBadGovernance protests across the country. The opposition party, in a statement on its official X account on Tuesday, said the killing of civilians was unacceptable and could not be justified …

Former president Olusegun Obasanjo said secretive groups in Nigeria’s oil and gas sector would continue to derail the $20 billion Dangote refinery because those who “sell refined products to Nigeria” feel they will miss out on a lucrative opportunity. This was revealed in a recent documentary by Financial times titled “Nigeria’s struggle to break the ‘oil curse’. He made the …

The Kaduna State Government has reached a truce with the Kaduna Electricity Distribution Company (KAEDC) following a deadlock over a N600 million tax debt. The dispute, which escalated into a physical altercation with the sealing of the DisCo headquarters by the Kaduna Internal Revenue Service (KADIRS) and subsequent power outage to government facilities, has now been resolved. The crisis erupted …

Former Minister of Education, Oby Ezekwesili, has outlined three actions he believes the Federal Government should take to end the #EndBadGovernance nationwide protests which entered its sixth day on Tuesday. In a post on his verified X account on Monday night, Ezekwesili said that instead of showing off by security officials by attacking protesters, and also President Bola Tinubu’s order …

Minister of Agriculture and Food Security, Abubakar Kyari, said on Sunday that the Federal Government was forced to import food items due to the sluggish production season. The minister, who appeared on Channels Television’s programme, Sunday Politics in Abuja, assured Nigerians that food inflation would soon be a thing of the past. He stressed that Nigeria would soon experience a …

The Indigenous People of Biafra (IPOB) has sharply criticized those behind the “IgboMustGo” campaign in the South-West geopolitical zone, insisting that it is high time for a referendum to determine the Igbo’s exit from Nigeria. IPOB expressed disgust at the South-West authorities’ dismissive attitude towards the campaign and asserted that the Igbo people were settled and unaffected by such threats. …

Nigeria’s military announced Monday that people who raise Russian flags during ongoing nationwide protests are committing treason and will be “prosecuted.” Chief of Defence Staff General Christopher Musa made the remarks after a National Security Council meeting chaired by President Bola Tinubu at Aso Rock Villa, Abuja, stressing that the act was “totally unacceptable” and would amount to a treasonable …