Tinubu Sacks CEO NNPCL, Dissolves Board

President Bola Tinubu has sacked the Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari and replaced him with Engineer Bashir Bayo Ojulari. Bayo Onanuga, Special Adviser to the President on Information and Strategy, announced this in a statement on Wednesday, added that the president also dissolved its board, removing the Chairman, Chief Pius Akinyelure. The Special Adviser said Tinubu invoked his powers under section 59(2) of the Petroleum...

Tinubu Signs Investment and Securities Act 2024 into Law

President Bola Tinubu has approved the amended Investment and Securities Act (ISA) 2024, a move that promises to strengthen Nigeria’s capital market and boost investor confidence. The Securities and Exchange Commission (SEC) announced the development, describing it as a game-changer for the financial sector. “The new Act also introduces transformative provisions to further align Nigeria’s market operations with international best practice,” the SEC stated. One key highlight of the new law is the enhanced regulatory...

Oyebanji Targeting 24-hour Flight Operation In Ekiti Airport

The   Ekiti State Governor, Mr. Biodun Oyebanji has announced that efforts are in place to ensure the Ekiti Agro-Allied International Cargo Airport runs 24-hour operation, in a bid to make the route competitive. He also expressed delight that the economy of the state has recorded significant improvement in the past two-and-a-half years, promising to do more in order to ensure a more sustainable development of the state and better living standard for the people....

Kogi  Govt Says Natasha’s Allegation Is Attempt To Manipulate Public Sentiment

The Kogi State Government has said that allegations by Senator Natasha Akpoti-Udughan, with regard to false alarm, is an attempt to manipulate public sentiment. It will be recalled that Uduaghan in her verified Facebook Page, early hours of Tuesday claimed that Governor Ahmed Usman Ododo, former Governor Yahaya Bello, and the Senate President, Godswill Akpabio should be held responsible if anything happens to her. The Commissioner for Information and Communications, Kingsley Femi Fanwo, had in...

…Fuel Prices May Drop to ₦750 Per Litre Before Year-End The National Institute for Policy and Strategic Studies (NIPSS) has described the removal of fuel subsidy by President Bola Tinubu as a necessary decision to save Nigeria’s economy, urging Nigerians to endure the hardship caused by the policy. The fuel subsidy removal, announced unexpectedly during Tinubu’s inauguration on 29 May 2023, led to a sharp increase in petrol prices, with the product now selling for...

Establishment Of Cultural Villages Nationwide Underway

The federal government has concluded plan to establish “Renewed Hope Cultural Villages” across the 36 states to promote Nigeria’s rich cultural heritage and boost the creative industry. In a statement, Abiola Abdulkareem, Special Assistant to Hannatu Musawa, the Minister of Art, Culture, Tourism, and Creative Economy, said the project is aimed at preserving Nigeria’s cultural heritage, promoting tourism, and driving economic growth. “The cultural villages will be established in collaboration with state governments, with the...

China Launches  Army, and Naval Force Drills Around Taiwan

As a stern warning, China’s military, on Tuesday, said it has kicked off joint exercises involving its army, navy, air force and rocket force around Taiwan. The People’s Liberation Army’s Eastern Theater Command said this in a statement on social media: “It is a stern warning and forceful deterrence against ‘Taiwan Independence’ separatist forces, and it is a legitimate and necessary action to safeguard China’s sovereignty and national unity, “The drills mainly focus on sea-air...

PDP Governors Harps On Peaceful Coexistence Among Nigerians

The People’s Democratic Party Governors’ Forum (PDP-GF) has enjoined Nigerians to continue to coexist peacefully. This is contained in a congratulatory message signed by the director general of the forum, Dr. Emmanuel Agbo to the Muslim Ummah on the completion of the Ramadan fast which culminated in the Eid-el-Fitr celebration. The governors tasked Nigerians to get involved in the process of peacebuilding to get the country to work for the good of all citizens. The...

Rivers Crisis: I Rejected ₦5bn Bribe to Impeach Governor Fubara — Edison Ehie

Edison Ehie, Chief of Staff to the suspended Rivers State Governor, Siminalayi Fubara, has alleged that he was offered ₦5 billion to support his principal’s impeachment but refused the offer. Speaking during a live interview on Channels TV on Sunday night, Ehie claimed that the bribe was proposed in October 2023. “I was approached with a N5 billion bribe against the governor, but I refused,” he said. “The bribe was for impeachment, but I turned...

Tinubu Reveals He Almost Quit 2023 Presidential Race

…Thanks Nigerians for Birthday Wishes President Bola Ahmed Tinubu has expressed his gratitude to Nigerians for their well wishes as he marked his 73rd birthday, while also revealing that he once considered withdrawing from the 2023 presidential race. Speaking at a special Iftar held in his honour at the Presidential Villa on Saturday night, Tinubu thanked guests for their presence and prayers, acknowledging the difficulties he faced on his journey to the presidency. The event...

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