- Economy
NNPCL, SEEPCO subsidiaries begin oil production at OML 13 in Nigeria
By Innocent Raphael The flagship upstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), alongside Natural Oilfield Services Ltd. (NOSL), a subsidiary of Sterling Oil Exploration & Energy Production Company Ltd. (SEEPCO), have announced the successful initiation of oil production at Oil Mining Lease (OML) 13 located in Akwa Ibom State, Nigeria. The commencement of oil production was disclosed to…
Read More » - Economy
Tinubu’s tax reforms committee to submit report to NASS September
The Presidential Fiscal Policy and Tax Reforms Committee says it will transmit its policy recommendations to the National Assembly by the end of Q3 2024. These include new National Tax and Borrowing Policies to be implemented in September and new proposals to amend the Constitution, which would take effect from 2025. The committee led by Taiwo Oyedele announced that his…
Read More » - News from States
Niger Govt secures N500bn loan to construct 1000 kilometres roads
Niger State Government has said it had secured a ₦500bn loan for the construction of 1000 kilometres roads across the state. The State Governor, Umaru Bago disclosed this while performing groundbreaking for the construction of an 84-kilometre dual carriage Minna-Bida road. Bago assured that the projects will be completed in 24 months. The road is a major economic route linking…
Read More » - Economy
Nigeria’s manufacturing export sector plunges from N2.trn to N778.4bn- World Bank
Nigeria’s revenue from the manufacturing export sector has plunged by 166 per cent to ₦778.4bn from the ₦2.trn height reached in 2019. A newly published report ‘Africa Pulse’ by the World Bank revealed that the trend since 2019, has been downwards recording a significant decline to ₦960.7bn attributed to COVID-19 in 2020, while a minor recovery was recorded in 2021…
Read More » - Politics
Defection: Falana says 25 Rivers lawmakers have lost legislative seats
By Innocent Raphael Human rights lawyer, Femi Falana SAN, has declared that members of the Rivers State House of Assembly who switched allegiance from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC) last year have lost their seats. WesternPost had reported that the defection of about 25 assembly members believed to be loyalists of the Federal Capital…
Read More » - Uncategorized
Rivers Assembly screens commissioner nominee
The Pro-Fubara sect of the Rivers State House of Assembly is set to commence the screening process for a commissioner nominee appointed by Governor Siminalayi Fubara. This decision marks the first responsibility to be undertaken by the recently formed leadership of the group headed by Victor Oko-Jumbo. In an official communication, the Clark of the group, G. M. Gillis-West, said…
Read More » - Politics
Rivers Crisis: Tinubu’s intervention is ‘Extra Legal’ – Falana
A human rights lawyer, Femi Falana SAN, has described President Bola Tinubu’s intervention in the political crisis going on in Rivers State as ‘Extra Legal’. Tinubu waded into the crisis in Rivers State involving Governor Simi Fubara and his predecessor Nyesom Wike, leading to a peace path between the parties late last year. But Falana said there is no provision…
Read More » - National News
NLC, TUC to picket NERC, DisCos nationwide monday
The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) will picket the office of the Nigerian Electricity Regulatory Commission (NERC) and distribution companies (DisCos)’s premises nationwide on Monday over the hike in electricity tariff. The unions made this known in a joint statement by NLC’s Ag General Secretary Chris Uyot and his TUC counterpart Anka Hassan, on Sunday.…
Read More » - Crime & City Diary
BREAKING: Security Agencies rescue 17 abducted commuters in Katsina
A combined security force has rescued 17 abducted passengers mostly males from the clutch of violent extremists in the Solar General Area of Batsari Local Government Area of Katsina State. A military source said the success followed a distress call received on May 11, 2024, at about noon. He said the Nigerian Army Team 9 Troops, in collaboration with the…
Read More » - Homeland News
Sanwo-Olu holds closed door meeting with Harry, Meghan
….thanks couple for working with Nigeria’s military on mental health By Adeola Ogunrinde Lagos State Governor, Mr. Babajide Sanwo-Olu, on Sunday held a closed door meeting with the Duke and Duchess of Sussex, Prince Harry and Meghan Markle, in Marina. Prince Harry, accompanied by his wife, Meghan, is on a three-day visit to Nigeria to promote the Invictus Games, which…
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