A Federal High Court in Abuja has granted former Minister of Power, Saleh Mamman, bail in the sum of N10 billion with two sureties in like sum. Mamman faces 12 counts of money laundering totaling N33 billion, as charged by the Economic and Financial Crimes Commission (EFCC). In a ruling delivered by Justice James Omotosho…
Thursday’s discussions between President Bola Tinubu and the Organized Labour on the new minimum wage were adjourned until next week to allow for broader consultations with all stakeholders. The leaders of the Nigeria Labour Congress (NLC), Joe Ajaero, and the Trade Union Congress (TUC), Festus Osifo, arrived at the State House around 2:00 pm and…
The Nigeria Deposit Insurance Corporation (NDIC) has called on law enforcement agencies to strengthen their collaboration to curb banking fraud in the country. This was emphasized by the Managing Director/Chief Executive of NDIC, Bello Hassan, at the annual capacity-building workshop for law enforcement agents in Lagos on Thursday. Represented by the NDIC Director of Communication…
The Federal Government has praised the contributions of platforms like Moniepoint in driving the growth of Nigeria’s informal sector. This commendation was made by Vice President, Senator Kashim Shettima, during the launch of the 2024 Nigeria Informal Economy Report, powered by Moniepoint in collaboration with the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN)…
Nigeria’s daily oil production rose by 25,000 barrels per day, climbing from 1.251 million barrels per day (mbpd) in May to 1.276 mbpd in July, according to the Organisation of the Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report for June, which cited direct communication with the Nigerian government. Despite the government’s efforts…
The MTN Foundation and the Musical Society of Nigeria (MUSON) recently celebrated the graduation of 29 young musicians from their esteemed scholarship program. The ceremony, held at the MUSON Centre in Lagos, highlighted the scholars’ exceptional talent and marked a pivotal moment in their musical careers. Since its inception in 2006, the MTN Music Scholarship…
In a statement released on Friday, the presidency announced that President William Ruto has “accepted the resignation” of Inspector General of Police Japhet Koome, who has served since November 2022. The resignation follows widespread criticism of the police’s handling of recent antigovernment demonstrations that resulted in the deaths of dozens of protesters. Deputy Inspector-General Douglas…
In a birthday message to Nobel laureate Wole Soyinka, who turns 90 on July 13, President Bola Tinubu announced the renaming of the National Theatre in Iganmu, Surulere, to The Wole Soyinka Centre for Culture and the Creative Arts. The announcement was made in a statement by Tinubu’s media aide, Ajuri Ngelale. “Today, I join…
Former Ogun State Governor and elder statesman under the All Progressives Congress (APC), Chief Olusegun Osoba, has criticized former President Olusegun Obasanjo’s handling of Nigeria’s power sector, suggesting that the $12 billion spent on debt repayment to the Paris Club could have been better utilized to address the country’s longstanding electricity challenges. Speaking on the…
