Month: July 2024
House of Representatives Calls for Suspension of NMDPRA Chief Executive Amid Investigation
Abuja, Nigeria – In a decisive move, the House of Representatives has called for the suspension of the Chief Executive of the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) pending a thorough investigation into allegations against the Authority. The decision came after Honorable Esosa Iyawe raised a motion of urgent public importance regarding the need…
National Assembly Approves Amendment to Finance Act, Introducing 70% Tax on Banks’ FX Profits
Abuja, Nigeria – In a significant legislative move, the National Assembly has approved an amendment to the Finance Act that imposes a 70% tax on substantial foreign exchange (FX) profits earned by banks in 2023. The decision was finalized on Tuesday during the plenary sessions of both chambers, following the review of the Joint National…
President Tinubu Signs North West Development Commission Bill into Law
Abuja, Nigeria – President Bola Ahmed Tinubu has officially approved and enacted the North West Development Commission Bill, creating a new body aimed at addressing the development needs of the North West zone. The announcement was made by Barau Jibrin, the Deputy President of the Senate, during an evening meeting at his office within the…
PRESS RELEASE: Stop Telling Lies, African Democratic Congress ADC Ogun State tells Ladi Adebutu
The African Democratic Congress (ADC) Ogun State strongly refutes Hon. Ladi Adebutu’s claim that members of our esteemed party have decamped to his camp or his party, the People’s Democratic Party (PDP). As the official spokesperson of the ADC Ogun State, I, Hon. Olumide Onabajo, want to clarify that no member of our party has…
FG Allocates N438 Billion to States and FCT for NG-Cares Program
Abuja, Nigeria – In a major move to bolster economic resilience and support vulnerable communities, the Federal Government has allocated N438 billion to the 36 states and the Federal Capital Territory (FCT) under the Nigeria Community Action for Resilience and Economic Stimulus (NG-Cares) Program. The NG-Cares Program, formerly known as the Nigeria COVID-19 Action Recovery…
Minister of State Petroleum Resources Hosts Crucial Meeting with Dangote, NMDPRA, NUPRC, and NNPC Leadership
Abuja, Nigeria – Distinguished Senator Heineken Lokpobiri, the Honourable Minister of State Petroleum Resources [Oil], hosted a high-level meeting with key stakeholders to address and resolve ongoing issues surrounding the Dangote Refinery. Attending the meeting were prominent figures in Nigeria’s oil and gas sector: The stakeholders expressed their gratitude to the Honourable Minister for his…
BREAKING: Joe Biden Officially Endorses Kamala Harris for President
Washington, D.C. – In a surprising turn of events, President Joe Biden has officially endorsed Vice President Kamala Harris for President. The announcement came during a speech to fellow Democrats, where Biden revealed his decision not to seek re-election and instead focus on his duties for the remainder of his term. “My fellow Democrats, I…
Dangote Clarifies Incentives and Monopoly Concerns at Refinery
Lagos, Nigeria – In a recent statement, Aliko Dangote, Chairman of Dangote Group, addressed concerns about incentives and monopoly at the newly established Dangote Refinery. Speaking on Thursday, Dangote emphasized that no incentives were collected from the Federal Government of Nigeria or Lagos State for the refinery project. “In the refinery, we did not, and…
Ogun State Set to Register Additional 100,000 Farmers Under OGFIMS
Abeokuta, Nigeria – The Ogun State Government has announced plans to register an additional 100,000 farmers under the Ogun State Farmer Information Management System (OGFIMS), raising the total number of registered farmers to 160,000. Hon. Bolu Owotomo, Commissioner for Agriculture, disclosed this initiative during an OGFIMS workshop focused on the registration exercise for farmers and…
Ogun State Approves Construction of Additional Roads in Ifo LGA
Abeokuta, Nigeria – The Ogun State Executive Council has given the green light for the construction of additional roads in Ifo Local Government Area, as part of ongoing infrastructure development efforts. Engr. Ade Akinsanya, the Commissioner for Works and Infrastructure, announced the approval during a press conference on Thursday, providing updates on various road projects…