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...

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...

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...

The Rivers State Governor, Sir Siminalayi Fubara, has assured Rivers people that the ongoing political crisis in the state will emerge stronger after the crisis. Fubara disclosed this on Monday when he received Muslim leaders from 20 Islamic-based groups, including the Supreme Council for Islamic Affairs, at his private residence in Port Harcourt during the Eid-el-Fitri celebration. The Governor, while addressing the delegation, charged them and his supporters to trust in God’s process, saying: “This...

President Bola Tinubu has approved the extension of the tenure of the Comptroller-General of the Nigeria Immigration Service (NIS), Mrs. Kemi Nanna Nandap to December 31st, 2026. Recall that Mrs Nandap began her career in the Nigeria Immigration Service on October 9, 1989. The President appointed her as Comptroller-General on March 1, 2024, to serve till August 31, 2025. A press statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga...