Tinubu Jets Out to France for a “Brief Work Stay”

President Bola Ahmed Tinubu has departed Abuja for France on a “brief work stay,” just days after returning from a three-day official visit to Equatorial Guinea. The President left the Nnamdi Azikiwe International Airport on Monday afternoon. Ajuri Ngelale, Special Adviser to the President on Media and Publicity, confirmed the President’s travel plans on Sunday. “The President will embark on a trip to France on Monday, August 19, departing from Abuja, the nation’s capital,” Ngelale...

FG to Commence Sale of Crude Oil to Dangote Refinery in Naira

The Federal Government has announced plans to start selling crude oil to the Dangote Refinery in naira from 1 October 2024. This decision was made at a meeting with the Technical Implementation Committee led by Minister of Finance, Wale Edun, on Monday. According to a statement by the Ministry of Finance, “The upcoming commencement of Naira payments for crude oil sales to the Dangote Refinery starting October 1, 2024” was discussed at the meeting. The...

President Tinubu Reduces Nigeria’s Delegation to UN General Assembly

President Bola Tinubu has directed a reduction in the size of Nigeria’s official delegation to the upcoming United Nations General Assembly, UNGA, meetings in New York, United States. Femi Gbajabiamila, Chief of Staff to the President, disclosed this during a one-day retreat organised by the State House management for heads of government agencies under its supervision in Abuja. He explained that the decision was part of the administration’s commitment to ensure prudent management of resources...

Chinese Firm Agrees to Release Seized Presidential Jet for Tinubu’s Trip

Zhongshan Fucheng Industrial Investment Co. Ltd, a Chinese company, has agreed to release one of the three presidential jets seized over a contract dispute with the Ogun State government. According to a spokesperson for the company, “Zhongshan has consistently sought to act reasonably and fairly in the course of a legal dispute with Nigeria which was not of its making.” The company’s gesture comes after a French court ordered the seizure of the jets as...

Nigeria’s Inflation Rate Drops to 33.40% in July

The National Bureau of Statistics, NBS, has announced a decline in Nigeria’s headline inflation rate to 33.40 per cent in July, representing a 0.8 per cent point decrease from the 34.19 per cent recorded in June. According to the NBS Consumer Price Index and Inflation Report for July, released on Thursday in Abuja, the year-on-year inflation rate in July 2024 was 9.32 per cent higher than the rate recorded in July 2023, which stood at...

Nigeria, Equatorial Guinea Sign Historic Gas Pipeline Agreement

President Bola Tinubu and his Equatorial Guinea counterpart, President Teodoro Obiang Nguema Mbasogo, yesterday signed a landmark agreement on the Gulf of Guinea Pipeline Project. Speaking at the signing ceremony, President Tinubu, who is on a three-day official visit to Equatorial Guinea, said that the agreement will open up new opportunities for gas exploration and employment. He added that they both discussed the “various areas of conflicts and what we can do to promote peace”...

Chinese Firm Seizes 3 Presidential Jets Over Contract Fallout with Ogun Government

A failed agreement between the Ogun State government and Chinese firm, Zhongshan, has taken a new twist with the seizure of three presidential jets belonging to the Federal Government of Nigeria. The dispute originated in 2010 when the Ogun State government entered into a contract with Zhongshan to manage an export processing zone. However, the relationship between both parties was strained, leading the state government to revoke the contract in 2016. Following the termination, Zhongshan...

NLC Accuses Federal Govt of Declaring “Hybrid War” on Organisation

The Nigeria Labour Congress, NLC, has accused the federal government of declaring a “hybrid war” on the organisation, following the recent raid on its secretariat by security personnel. Addressing a press conference at Labour House, Abuja, on Thursday, the Head of Information and Public Affairs, Benson Upah, stated that the government’s refusal to meet the congress’s demands, five days after they were made, was a clear indication of its intention to silence the organisation. Upah...

FG Slashes Import Duties on Food Staples to Combat Inflation

The Nigeria Customs Service, NCS, has begun the implementation of the zero per cent import duty and Value-Added Tax exemption on essential food items, as approved by President Bola Tinubu. According to a letter from the Ministry of Finance, dated 8 August 2024, the approval is aimed at reducing the high cost of food items in the Nigerian market. “This measure which is geared towards ameliorating the high cost of food items in the Nigerian...

Speaker Abbas Withdraws Bill Seeking 10-Year Jail Term for Not Singing Anthem

The Speaker of the House of Representatives, Abbas Tajudeen, has withdrawn the Counter Subversion Bill, which sparked widespread outrage and opposition due to its draconian provisions. The bill, introduced on 23 July 2024, proposed severe penalties, including fines and prison sentences, for various offences such as refusing to recite the national anthem, destroying national symbols, and undermining the Federal Government. According to the bill, “anyone found guilty of destroying national symbols, refusing to recite the...

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