Year: 2024
Nigeria Launches New Fiscal Incentives to Revitalise Oil & Gas Sector, Aiming to Attract $10 Billion Investment
In a significant move aimed at reviving Nigeria’s oil and gas industry and bolstering its contribution to the economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister of the Economy, presided over a signing ceremony endorsing the Consolidated Guidelines for the implementation of Fiscal Incentives for the Oil & Gas Sector. The ceremony took…
EFCC Investigates Contracts Awarded to Brother of Former Aviation Minister
In a recent development, the Economic and Financial Crimes Commission (EFCC) has launched an investigation into contracts awarded to a company allegedly connected to the brother of Nigeria’s former Minister of Aviation, Hadi Sirika. The EFCC’s probe revealed that Engirios Nigerian Limited, a company purportedly linked to Sirika’s brother, was awarded four significant contracts during…
Former Cameraman Sues Megan Thee Stallion Over Alleged Sexual Incident and Fat-Shaming
In a startling turn of events, hip-hop sensation Megan Thee Stallion is facing legal action from her former cameraman, Emilio Garcia, who alleges he was subjected to a distressing and humiliating experience while working with the rapper. According to court documents filed in Los Angeles County Superior Court on Tuesday, April 23, Garcia claims that…
EFCC Files Fresh Charge Against Godwin Emefiele: Alleges Printing of N684.5m with N18.9bn
In a dramatic turn of events, the Economic and Financial Crimes Commission (EFCC) has filed a fresh charge against the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. The charge, lodged at the High Court of the Federal Capital Territory, accuses Emefiele of approving the printing of a staggering N684,590,000 at the…
Cult Clash Update: Itire Residents Urged to Exercise Caution Amid Escalating Tensions
Following yesterday’s disturbing incident at Itire bus stop, Ajegunle, Lagos, where two individuals were attacked in a violent clash between rival cult groups, fresh developments have emerged regarding the situation. Reports now confirm that one of the individuals involved in the altercation, who was tragically eliminated, was affiliated with the Eiye cult group. The incident,…
Ekiti State Polytechnic Gets New Governing Council to Drive Development
Today marks a significant milestone in the journey of repositioning the Ekiti State Polytechnic, Isan Ekiti, as the institution inaugurates its new Governing Council. The constitution of this council, comprising individuals of impeccable credentials and track records, signals a renewed commitment to excellence and progress in the academic landscape of the state. In his address…
Kogi State Assembly Calls for Removal of Yahaya Bello’s Name from EFCC’s Wanted List
In a surprising turn of events, the Kogi State Assembly has formally requested the removal of former Governor Yahaya Bello’s name from the list of individuals wanted by the Economic and Financial Crimes Commission (EFCC). This comes amidst Bello’s refusal to appear before the anti-graft commission and his reported resistance to arrest, following accusations of…
Minister of Power Vows to Address Non-Performing Contracts and Improve Power Distribution
The Minister of Power, Chief Bayo Adelabu, has expressed concern over the non-performance of contracts within the power sector, particularly highlighting the case of Messr Zigglass. The company, awarded a contract worth $200 million (equivalent to N32 billion) in 2021 to supply three million meters, has failed to deliver a single unit. Speaking on the…
Yahaya Bello Declines EFCC’s Invitation for Interrogation: EFCC Chairman Reveals
In a startling revelation, the Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, disclosed how former governor of Kogi State, Mr. Yahaya Adoza Bello, declined invitations for interrogation regarding his alleged involvement in money laundering. Addressing media executives at the EFCC Corporate Headquarters in Abuja on Tuesday, April 23, 2024,…
Dangote Refinery Slashes Diesel and Aviation Fuel Prices Amid Economic Pressures
In a move aimed at providing relief to consumers, Dangote Petroleum Refinery has once again reduced the prices of diesel and aviation fuel, following its recent price drop just two weeks ago. Effective immediately, the price of diesel has been lowered to N940 per litre, while aviation fuel will now be sold at N980 per…