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GOVERNOR OBOREVWORI ANNOUNCES N14.5 BILLION PAID IN PENSION OBLIGATIONS

< 1 mn read Governor Sheriff Oborevwori of Delta State announced that his administration has paid over N14.5 billion towards various pension obligations. This commitment underscores the government’s dedication to ensuring prompt and sustainable payments to employees. During an interactive meeting with senior officials in Asaba, Oborevwori emphasized his administration’s resolve to make the 2025 budget reflective of community […]

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RIVERS STATE COURT ORDERS BELEMAOIL TO PAY $21.858 MILLION AND N10.81 BILLION TO BGP/CNPC

< 1 mn read A Rivers State High Court in Port Harcourt has ordered Belemaoil Producing Limited to pay $21.858 million and N10.81 billion to BGP/CNPC International Nigeria Limited for unpaid services related to a contract. BGP/CNPC, a Nigerian limited liability company, claimed in suit No. PHC/3442/S/2022 that a tripartite contract signed on February 4, 2019, obligated them to […]

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RAIL PASSENGER REVENUE INCREASES BY 19% IN Q2 2024

< 1 mn read Rail passenger revenue in Nigeria grew by 19% Quarter-on-Quarter (QoQ), reaching N1.69 billion in the second quarter of 2024 (Q2’24), up from N1.42 billion in the first quarter (Q1’24), according to the National Bureau of Statistics (NBS) Rail Transportation report. However, revenue from goods and cargo transported by rail fell by 11.5% to N537.35 million […]

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NIGERIA’S ECONOMIC REFORMS YIELD POSITIVE RESULTS, SAYS FINANCE MINISTER

< 1 mn read Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that the government’s economic reforms have resulted in a net inflow of $16.45 billion into the country’s foreign reserves in the first seven months of the year. Speaking at the 2024 Access Bank Annual Corporate Forum in Lagos, he emphasized plans […]

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NIGERIANS TURN TO NIGHT TRAVELS DESPITE SECURITY RISKS

< 1 mn read Despite heightened insecurity nationwide, more Nigerians are opting for “night travels” due to rising transport fares and other factors. With petrol prices reaching N1,000 per litre at many stations, travelers are seeking the most affordable options, which are typically offered by luxury bus companies operating at night. For example, a journey from Lagos to the […]

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SEC URGES GOVERNMENT-OWNED ENTERPRISES TO LIST ON NIGERIAN EXCHANGE LIMITED

< 1 mn read The Securities and Exchange Commission (SEC) is calling on Government-Owned Enterprises (GOEs) to list on the Nigerian Exchange Limited (NGX) as part of President Bola Tinubu’s Renewed Hope Agenda. SEC Director General Dr. Emomotimi Agama announced this in Abuja, stressing that such listings would enhance democratization, inclusiveness, and wealth creation for Nigerians. Agama pointed out […]

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EDO STATE GOVERNORSHIP ELECTION: CALLS FOR CREDIBLE VOTING AMID FEARS OF VIOLENCE

< 1 mn read As the Edo State governorship election unfolds, major political parties—the Labour Party (LP), Peoples Democratic Party (PDP), and All Progressives Congress (APC)—alongside the Christian Association of Nigeria (CAN) and former President Goodluck Jonathan, have urged the Independent National Electoral Commission (INEC) and security agencies to ensure credible voting. Concerns Over Violence Amid heightened fears of […]

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MAIDUGURI RESIDENTS PROTEST HIGH COST OF CANOE RIDES POST-FLOOD

2 mn read Residents of Maiduguri, Borno State, are expressing outrage over the steep prices charged for canoe rides, a vital means of transportation following recent floods that devastated the city. With many roads rendered impassable, canoes have become essential for moving both people and their belongings. Last week, local canoe owners generously volunteered their services to evacuate […]

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THE ECONOMIC CUL-DE-SAC: A CALL FOR FUEL SUBSIDY REFORM

2 mn read Ordinarily, a cul-de-sac refers to a street closed at one end, a term derived from the French meaning “bottom of a sack.” In the context of Nigeria’s economy, it symbolizes the dead-end created by the government’s policies of petrol subsidy removal and naira flotation. Under President Bola Tinubu’s administration, there appears to be a significant […]

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LAWYERS SECURE RELEASE OF SIX #ENDBADGOVERNANCE PROTESTERS IN KANO

< 1 mn read Mr. Deji Adeyanju, a lawyer representing #EndBadGovernance protesters, announced that the Citizens’ Liberties Committee of the Nigerian Bar Association (NBA) successfully secured the release of six protesters in Kano State. This development comes as 67 civil society organizations condemned attacks on civic space and democracy, emphasizing the Nigerian populace’s demand for good governance. Adeyanju reported […]

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AFRH: NIGERIA LAGS IN ASSISTED REPRODUCTIVE TECHNOLOGY STANDARDS

< 1 mn read The Association for Fertility and Reproductive Health (AFRH) has stated that Nigeria is still far from establishing globally competitive standards in Assisted Reproductive Technology (ART) due to inadequate data reporting and a lack of robust regulation. At the 14th Annual International Conference of the association held in Abuja, President Prof. Preye Fiebai highlighted the necessity […]

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CHANGAN AUTOMOBILE EXPANDS INTO EUROPE WITH AMBITIOUS EV STRATEGY

< 1 mn read China’s automotive giant, Changan, a key player behind the Avatr 07, is making significant strides in its global expansion. The establishment of Changan Automobile Deutschland GmbH in Munich underscores its commitment to entering the European electric vehicle (EV) market. This move aligns with Changan’s broader “Vast Ocean” strategy, aimed at positioning the brand as a […]

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SIGNIFICANT CHANGES IN NIGERIA’S ELECTRICITY SECTOR WITH THE ELECTRICITY ACT OF 2023

2 mn read The Electricity Act of 2023 represents a major shift from the previous Electricity Power Sector Reform Act of 2005 (EPSRA), consolidating various statutes and introducing crucial provisions related to regulatory frameworks, tariff regulation, market structure, consumer rights, investment incentives, and grid management. A key feature of the Act is the recognition granted to each federated […]

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NIGERIA’S INTRA-AFRICA TRADE SURGES

< 1 mn read Nigeria’s intra-Africa trade saw a remarkable 195 percent Year-on-Year increase in the second quarter of 2024, reaching N2.911 trillion, up from N985.17 billion in the same period last year. This growth is largely attributed to enhanced market access under the African Continental Free Trade Area (AfCFTA). According to the National Bureau of Statistics (NBS), this […]

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OSHIOMHOLE’S POLITICAL FAILURES

< 1 mn read Senator Adams Oshiomhole’s track record as a political leader raises serious questions about his judgment and accountability. By his own admission, he failed to effectively endorse and promote Godwin Obaseki during the governorship race in 2016. At that time, Obaseki was focused on his financial services company, Afrinvest, and was largely unrecognized as a viable […]

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FLOODING IN BORNO STATE

< 1 mn read The recent flooding in Borno State underscores a critical failure in policy implementation and infrastructure management. Governor Babagana Zulum’s admission that the Alau Dam’s structural faults were identified nine years ago, yet remain unaddressed, reveals a troubling pattern of neglect. The tragic consequences—over 30 lives lost, nearly 500,000 displaced, and significant property damage—could have been […]

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THE OKPAI POWER PLANT: A CALL FOR COLLABORATION, NOT CONFLICT

< 1 mn read The Okpai Power Plant in Delta State has recently become a focal point of debate, especially following Senator Ned Nwoko’s calls for its completion. While his passion for the project is understandable, it’s important to clarify the ownership and governance of this significant infrastructure. The Okpai Power Plant is a joint venture involving the Nigerian […]

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MEXICAN INDEPENDENCE CELEBRATED IN ABUJA: A TRIBUTE TO A NATION’S STRUGGLE

< 1 mn read The clatter in the hall fell silent as uniformed personnel marched in, their boots thudding against the floor. In a solemn ceremony marking the 214th anniversary of the Mexican War of Independence, a flag adorned with the green, white, and red stripes was presented to Alfredo Miranda, the Mexican Ambassador to Nigeria. This event took […]

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MRS. OBASEKI RESPONDS WITH DIGNITY TO UNCALLED-FOR ATTACKS ON WOMEN

< 1 mn read Senator Adams Oshiomhole recently directed disparaging comments at Mrs. Betsy Obaseki, the wife of Edo State’s governor, regarding her childlessness. Similarly, JD Vance in the U.S. has also targeted women without children, including Vice President Kamala Harris. These remarks reflect a troubling trend of belittling women based on their reproductive choices. In response, Mrs. Obaseki […]

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SURVEYORS URGE ADHERENCE TO ETHICAL STANDARDS, CALL FOR TECHNOLOGICAL ADVANCEMENT IN CADASTRAL PRACTICE

< 1 mn read The Association of Private Practising Surveyors of Nigeria (APPSN), a subgroup of the Nigerian Institution of Surveyors (NIS), has raised concerns over declining ethical standards within the surveying profession. During their 2024 Annual Professional Workshop and Luncheon held in Lagos, they stressed the need for concerted efforts to uphold the profession’s integrity and reputation. With […]

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