News

The Federal Government has reiterated its tough stance against financial institutions that fail to comply with windfall taxes on foreign exchange profits earned in 2023. This came as the Minister of Finance, Wale Edun, and the Chairman of the Federal Inland Revenue Service (FIRS), Zack Adediji, met with the National Assembly finance committee to discuss amendments to the 2024 Finance …

  US Secret Service director Kimberly Cheatle was grilled by a bipartisan House Committee over the attempted assassination of Donald Trump. The grilling of the Secret Service chief has triggered a strong bipartisan demand for Cheatle’s resignation Cheatle said the shooting was “the most significant operational failure at the Secret Service in decades” Cheatle faced questions from lawmakers for nearly …

Former Senate President Ali Ndume, despite being dismissed from office, continues to speak out against what he sees as irregularities in the current government. Borno Senator on Monday, reiterated his claim that President Bola Tinubu was inaccessible to lawmakers and party chieftains. Ndume was sacked last Wednesday and replaced by Senator Tahir Monguno, following a directive from the national chairman …

Minister of State for Petroleum Resources [Oil] Heineken Lokpobiri has intervened in the ongoing dispute between Dangote Group Chairman and CEO, Aliko Dangote and regulatory authorities in the oil and gas sector over issues surrounding the Dangote Refinery and Petrochemical Plant. Dangote and Nigeria’s oil industry regulatory authorities such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and …

Nigerian currency, naira started the week on a positive note against the US dollar on Monday, July 22, 2024. The local currency plunged by N96 to trade at N1,500/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.596/$1 traded on Friday, July 19, 2024. The intraday high and low …

FCT Commissioner of Police, Bennett Igweh, has urged residents and indigenes not to participate in the upcoming nationwide protests scheduled for August 1, citing potential security risks. Speaking to journalists in Abuja on Monday, Igweh stressed the efforts made by the police to maintain security in the FCT, and expressed fears that the protests could undermine those efforts. “I want …

EDO 2024: Transforming Politics for the Common Good In today’s world, political power is often abused for personal gain, leaving the majority to suffer. But Senator Monday Okpebholo is on a mission to change this narrative. He believes that political power should be a tool for the common good, uplifting the greatest number of people. Imagine a government that prioritizes: …

Rivers State Governor Siminalayi Fubara has called on traditional rulers to cooperate with the government in curbing crude oil theft and promoting economic stability and progress in Nigeria. Speaking at the 117th/118th Joint Quarterly General Meeting of the Rivers State Council of Traditional Rulers in Port Harcourt on Monday, Governor Fubara stressed the critical role of traditional leaders in ensuring …

The Edo State government has issued a stern warning, warning that interference by the opposition All Progressives Congress (APC) in the upcoming governorship election on September 21, 2024, could trigger a national crisis. In a statement released on Monday by Crusoe Osagie, Special Assistant on Media Projects, and signed by Commissioner for Communications and Orientation Chris Nehikhare, the government clarified …

US President Joe Biden has announced that he is ending his presidential re-election campaign. He made the announcement via his social media account on Sunday, July 21, just four months before Election Day. Biden, 81, wrote in a statement shared on X: “While it is my intent to seek re-election, I believe it is in the best interests of my …