Nigeria

Business & Economy Editors' Pick News Nigeria

Revenue crisis: States broke, can’t pay salaries, execute projects – BH investigation

2 years ago7613 min

The bleak economic situation in Nigeria has had a negative impact on the federation’s 36 states, with many of them currently struggling to finance governance and execute projects due to months of dwindling revenue, according to Business findings. According to findings, with the exception of Lagos, Rivers, Anambra, Delta, Kaduna, Kano, and a few others, virtually all of the 36 states of the federation are currently broke and are not earning the necessary revenue to...

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Business & Economy News Nigeria

Five African presidents join Buhari to commission Dangote refinery today

2 years ago8211 min

President Muhammadu Buhari will commission Dangote Petroleum Refinery & Petrochemicals alongside counterparts from Ghana, Togo, Senegal, Niger, and Chad in a historic event that will positively transform Nigeria’s oil and gas sectoral landscape. The Dangote Refinery, founded by Africa’s richest man, Aliko Dangote, is set to open today, May 22. The petroleum refinery, with a capacity of 650,000 barrels per day (bpd), will be built on 2,635 hectares of land in the Dangote Industries Free...

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News Nigeria Politics

Tribunal Set to Give Judgment on Live Broadcast of Proceedings Today

2 years ago4984 min

The Presidential Election Petition Tribunal will decide today whether its proceedings will be broadcast live. This comes as the Peoples Democratic Party (PDP), the Labour Party (LP), and the All Progressives Congress (APC) are at odds over live broadcasting of the tribunal’s sessions. The PDP and LP strongly support the live broadcast, claiming that it will dispel any doubts about the judiciary’s transparency and ensure fairness in the process. The APC, on the other hand,...

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News Nigeria

N22.7trn Ways & Means: House of Reps rejects $15m bribe from executive

2 years ago803 min

The House of Representatives has refuted claims that the executive branch of the government paid $15 million to support President Muhammadu Buhari’s request to restructure the N22.7 trillion in Ways and Means advances obtained from the Central Bank of Nigeria (CBN). Rep. Benjamin Kalu, spokesman for the House of Representatives, said in a statement on Friday that the allegations were not only false but also baseless and unfounded. He called the report malicious. He clarified...

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News Nigeria Politics

APC reverses Goje’s expulsion for anti-party activities by Gombe ward

2 years ago832 min

The ruling All Progressives Congress has overturned former Governor Danjuma Goje’s expulsion for anti-party activities. Goje, a senator representing Gombe Central, was kicked out of the ruling party’s Kashere ward in Gombe State. Other expelled members included Yunusa Abubakar, a lawmaker representing Yalmatu Deba Federal Constituency, and Bulus Amos, a senator representing Gombe South. The expulsion was later confirmed by the party’s state executive. However, APC National Publicity Secretary, Felix Morka, issued a statement in...

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News Nigeria Politics

Drama unfolds at Appeal Court as Apapa, Labour Party officials clash

2 years ago793 min

On Wednesday, the acting chairman of the Labour Party, Lamidi Apapa, and the Director General of Peter Obi’s presidential campaign council, Akin Osuntokun, clashed at the Appeal Court. Apapa and Osuntokun were seen arguing over a seat at the Presidential Election Petition Court (PEPT) in Abuja in viral videos. The Labour Party has been embroiled in a leadership battle, with Apapa appointed as acting chairman last week pending the outcome of the party’s leadership lawsuit...

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Education News Nigeria

Vice President Osinbajo Charges Universities in Nigeria With Funding, Marketing

2 years ago997 min

Prof. Yemi Osinbajo, Nigeria’s Vice President, has challenged universities in Nigeria to work aggressively to raise funds and market their institutions, claiming that no government in the world can fund universities to the extent that is required. On Tuesday, he issued the challenge at the Kessington Adebukunola Adebutu Foundation, KAAF, Auditorium, Department of Human Nutrition and Dietetics, University of Ibadan. Sir Kessington Adebutu, a Nigerian philanthropist, donated the auditorium. Insisting that government budgeting would not...

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News Nigeria

May 29 presidential inauguration: We’ll defend democracy at all cost-IGP

2 years ago877 min

Usman Baba Alkali, the Inspector General of Police (IGP), has assured that the inauguration ceremony for the President and state governors on May 29, 2023, will be held as planned. As a result, he has insisted that the police, working with other security agencies, will defend Nigeria’s democracy at all costs. “The inauguration ceremonies at all the national and State levels of government are a critical constitutional requirement for the sustenance of our political order...

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Business & Economy News Nigeria

Emefiele urges risk professionals to expand scope of practices

2 years ago705 min

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has urged risk professionals in the financial industry to broaden their risk management practices in the face of emerging risks. Emefiele stressed the importance of financial institutions adapting and evolving their risk management frameworks to effectively address emerging risks and challenges during the inauguration of the Chartered Risk Management Institute of Nigeria (CRMI), formally known as the Risk Management Association of Nigeria (RIMAN). He stated...

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Metro News Nigeria

In Borno, eight soldiers escape death as ISWAP kill three IDPs

2 years ago913 min

At least eight soldiers were reportedly injured in a recent clash with terrorists from the Islamic State West Africa Province (ISWAP) in Damboa Local Government Area, Borno State. In addition, three internally displaced persons (IDPs) were killed and others were injured in separate attacks by the assailants. The latest attack comes just days after ISWAP allegedly used RPGs to injure scores of servicemen and civilians during an operation at Talala enclaves of the dreaded group...

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