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The House of Representatives Special Ad Hoc Committee on the Restructuring of Government Agencies and Commissions yesterday began the process of reviewing the recommendations of the Steve Oronsanye Report. The Oronsaye Report, submitted to the Federal Government in 2012 under the Goodluck Jonathan administration, sought to reduce the cost of governance through the merger, abolition and relocation of several government …

A worrying trend in Nigeria’s economic landscape has been revealed. Despite generating over $1 trillion in revenue from oil and gas over the past 40 years, the country is still burdened with a public debt of $91.46 billion (N121.67 trillion) as of March 31, 2024. This paradox raises questions about the management of oil wealth and its impact on the …

  Some youths from the Ijaw Youth Council, IYC and Onuebum community in Ogbia Local Government Area of ​​Bayelsa State on Tuesday barricaded the site of an oil well project in OPL 2005, located in the community. According to the youths, the project owner, Sterling Oil Exploration and Energy Production Company Limited (SEEPCO), has ignored the state government’s directive to …

In an attempt to address the long-standing problem of pending pension payments, the Federal Government has directed the calculation of outstanding pensions for serving federal civil servants. According to a memo obtained by our correspondent, the initiative was a collaborative effort between the Office of the Head of the Civil Service of the Federation and the Ministry of Finance. This …

Former senator representing Kaduna Central in the National Assembly, Shehu Sani, has commended the planned move by the governors of the South-East region to meet with President Bola Tinubu in a bid to find a political solution that will ensure the release of the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu. Governors under the auspices of the …

Here are the top 10 stories making headlines across the country. 1. Hopes for new Southeast Asian states after bill passes first reading A bill proposing the creation of a new state in Nigeria’s southeast passed its first hurdle in the House of Representatives on Tuesday. Read more 2. Imo Assembly thrown into chaos as four members suspended amid impeachment …

The Netherlands Entrepreneurial Development Bank (FMO) and Nigeria’s First City Monument Bank (FCMB) today signed a $25 million NASIRA guarantee agreement. The guarantee will enable FCMB to expand its financing to farmer, youth and women-owned SMEs without requiring collateral, targeting a client group that banks typically consider too risky. Funded by the European Commission, NASIRA is one of the most …

The Nigerian Academy of Letters (NAL) has responded to a recent press report that the views expressed by individual speakers at the June 27 virtual roundtable on the Nigerian national anthem represented the official position of the Academy. In a statement, NAL Secretary, Professor Olakunbi Olasope, clarified that the views shared during the roundtable were solely those of the individual …

A director of the Bureau of Public Procurement (BPP), Isaiah Yusuf, on Tuesday testified against former aviation minister, Hadi Sirika, in his trial for alleged N2.7 billion fraud at a Federal Capital Territory (FCT) High Court, Abuja. Yusuf, who testified as the fourth prosecution witness, said the former minister’s company was not among the five firms listed as bidders for …

The Namibian government has decided to reduce the price of petrol by 80 Namibian cents per litre (around $0.044). Similarly, 50ppm diesel will be rented at 60 Namibian cents per litre, and 10ppm diesel at 70 Namibian cents per litre from Wednesday. The country’s Ministry of Mines and Energy (MME) announced this in a statement on Tuesday. The ministry said …