Category: News
AMCON Commences Bankruptcy Proceedings Against Milan Industries Chairman and Directors Over N42 Billion Debt
The Asset Management Corporation of Nigeria (AMCON) has initiated bankruptcy proceedings against Rajesh Valecha, the Chairman of Milan Industries Limited, and four other directors of the company, citing an alleged failure to repay a staggering N42 billion debt. Alongside Rajesh Valecha, the other directors mentioned in the ongoing petitions held before two judges of the…
Federal Government Allows Domestic Refineries to Purchase Crude Oil in Naira or Dollars
In a move aimed at addressing the needs of local crude oil refiners and fostering a more flexible operating environment, the Federal Government announced on Monday that domestic refineries now have the option to purchase crude oil in either naira or dollars. The announcement came during a presentation in Abuja by the Nigerian Upstream Petroleum…
Governor Radda Enhances Security in Katsina with Armored Personnel Carriers
In a bid to bolster security measures and combat insecurity in Katsina State, Governor Malam Dikko Umaru Radda officially handed over 10 armored personnel carriers to security operatives in eight frontline local governments of the state. The ceremonial presentation took place on Monday, April 15, 2024, at the Katsina State Government House, marking a significant…
Katsina State Government Shuts Down Petrol Stations Over Smuggling Suspicions
In a bid to curb illicit activities linked to petrol smuggling and banditry, the Katsina State Government has taken decisive action by closing down three petrol stations in Katsina town. On Monday, April 15, 2024, a special task force committee led by Honorable Jabiru Abdullahi Tsauri, the Chief of Staff of the Katsina State Government,…
Nigeria Startup Portal Launched to Empower Tech Entrepreneurs
In a significant boost to Nigeria’s burgeoning startup ecosystem, the Honourable Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has officially launched the Nigeria Startup Portal. This pioneering initiative, part of the Nigeria Startup Act (NSA 2022), aims to provide crucial support and resources to startups and tech talent across the country. The…
President Tinubu Declares April 7 as National Police Day, Promises Transformation of Nigeria Police Force
In a landmark move aimed at revamping Nigeria’s law enforcement system, President Bola Ahmed Tinubu has declared April 7 as National Police Day and pledged a comprehensive overhaul of the Nigeria Police Force (NPF). This declaration underscores the government’s commitment to modernizing and professionalizing the nation’s security apparatus. Speaking at the inaugural Nigeria Police Awards…
Gateway Update: Ogun State Government Launches Weekly Television Programme
Ogun State residents and the general public are set to be informed and engaged with the launch of “Gateway Update,” a weekly television program by the Ogun State Government. The program is scheduled to air on Channels TV and TVC every Thursday from 6:30pm to 7:00pm, starting next week. Announcing the initiative, Hon. Kayode Akinmade,…
APC Ganduje Ward and Dawakin Tofa Local Government Dismiss Purported Suspension of National Chairman
In a joint press conference held today in Kano, the Ganduje Ward Executive Committee Members and Dawakin Tofa Local Government Executive Committee Members of the All Progressives Congress (APC) vehemently refuted the purported suspension of the National Chairman of the Party, Dr. Abdullahi Umar Ganduje. Addressing the media on behalf of the Ward and Local…
Nigeria Implements New Regulations to Boost Domestic Refining Capacity In a bid to enhance its domestic refining capacity and reduce dependence on imported refined products, Nigeria has introduced new regulations mandating local oil producers to prioritize supplying crude oil to domestic refineries. The regulations, initiated by the Nigerian Upstream Regulatory Commission, require all oil companies…
Federal Government Increases Spending on Fuel Subsidy, Says El-Rufai
In a recent statement, Governor Nasir El-Rufai of Kaduna State highlighted the Federal Government’s increased expenditure on fuel subsidy, pointing out that many Nigerians are unaware of the current situation. Addressing journalists in Maiduguri, the capital of Borno State, El-Rufai emphasized the necessity of fuel subsidy despite previous attempts to remove it. “Fuel subsidy is…