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In a move to enhance Nigeria’s economic growth, the Nigeria Export Processing Zones Authority (NEPZA) and the House of Representatives Committee on Public Accounts have resolved to strictly enforce regulations guiding operations within Free Trade Zones. This decision aims to ensure prompt and full remittances into the Federation Account, promoting transparency, accountability, and fiscal […]
The All Progressives Congress (APC) has issued a scathing response to former Vice President Atiku Abubakar’s criticisms of President Bola Ahmed Tinubu’s administration, describing his remarks as rooted in “political envy” and “deliberate blindness.” Reacting to Atiku’s recent comments that questioned the effectiveness of Tinubu’s economic policies, the APC declared that “only those who […]
Stanley Nwabali, the Super Eagles goalkeeper, is currently going through a difficult times as he prepares to lay his parents to rest. Chief Nwabali Godspower Onyekamu and his wife, Mrs. Grace Nwabali (née Mmai), passed away, leaving their son in a state of immense sorrow. The footballer took to social media to express […]
Abdulsamad Rabiu, Chairman of BUA Group, one of Nigeria’s largest conglomerates, recently reflected on this dramatic shift in the country’s foreign exchange landscape, submitting that the new ways are better and easier for entrepreneurs. “Every two weeks, we would go to Abuja to seek allocations. It was exhausting and inefficient… Today, I have […]
An elite group of Nigerian Army Special Operations Forces (SOF) operators has successfully eliminated Abu Fatima, a high-profile terrorist leader with a whopping 100 million naira bounty on his head. The operation, which was carried out in the early hours of yesterday, has sent shockwaves through the terrorist network and is being hailed […]
In a significant ruling, a three-judge panel led by Justice Biobele Abraham Georgewill has overturned a decision by a lower court in Kano, which had invalidated the composition of the Kano State Independent Electoral Commission (KASIEC) and a local government election held on October 26, 2024. The appellate court determined that the Federal High […]
The Ondo State Government has come under fire for approving a staggering N8.168 billion for the construction of 32 units of four-bedroom terrace residential buildings for cabinet members, with each unit costing a whopping N281 million. The project, awarded to Cosgrave Investment Ltd., an Abuja-based construction firm, is expected to take 18 months to […]
The Nigerian Education Loan Fund (NELFUND) has achieved remarkable strides in its nationwide deployment of student loans, distributing N56.85 billion to 298,124 scholars across 198 educational institutions. As per the status report, the fund has allocated N30.17 billion directly to institutions for tuition fees and N26.67 billion to students for maintenance allowances. […]
A high-stakes legal battle is unfolding in Abuja, where SunTrust Bank’s Managing Director, Halima Buba, and Executive Director, Innocent Mbagwu, are embroiled in a $12 million financial scandal. The Economic and Financial Crimes Commission (EFCC) has accused the duo of conspiring to launder millions of dollars through complex transactions, in alleged contravention of Nigeria’s […]
The Lagos State Government is poised to initiate construction on the Omi Eko water transport venture this June. The €410 million ($464 million) undertaking aspires to mitigate the city’s persistent traffic congestion by developing inland waterways. This project is anticipated to augment urban mobility, invigorate economic activity, and foster environmental sustainability. Project […]
