Category: News
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Tinubu Defends Fuel Subsidy Removal, Claims Previous Economic Prosperity Was Illusory
President Bola Tinubu has declared that the economic wellbeing Nigerians previously experienced was artificial and destructive, defending his administration’s controversial decision to remove fuel subsidies as a critical intervention to prevent national economic catastrophe. Speaking during the combined 34th and 35th convocation ceremonies at the Federal University of Technology Akure (FUTA) in Ondo State, Tinubu,…
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Tinubu to Co-Chair Nigeria-South Africa Bi-National Commission Meeting in Cape Town
President Bola Tinubu is set to depart France on Monday for Cape Town, South Africa, where he will co-chair the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) alongside South African President, Cyril Ramaphosa. The Presidential BNC, scheduled for Tuesday, December 3, will be preceded by a ministerial meeting on Monday at the South…
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Nigeria and France Sign MOU to Jointly Develop Critical Minerals
Nigeria and France have signed a Memorandum of Understanding (MOU) to jointly develop and diversify critical minerals in both countries. The agreement was signed during President Bola Ahmed Tinubu’s official visit to France. The Minister of Solid Minerals Development, Dr. Dele Alake, signed for Nigeria, while the Inter-Ministerial delegate for Critical Ores and Metals of…
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Borno Governor Expresses Concerns Over Tax Reform Bills, Warns of Negative Impact on the North
Governor Babagana Umara Zulum of Borno State has expressed his strong disapproval of the tax reform bills recently transmitted to the National Assembly by President Bola Ahmed Tinubu. In an interview with BBC Hausa service, Zulum warned that the proposed legislation would drag the northern part of the country backward and negatively impact other regions…
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World Trade Organization Reappoints Ngozi Okonjo-Iweala as Director General
The World Trade Organization (WTO) has unanimously reappointed Dr. Ngozi Okonjo-Iweala as its Director General for a second term during a special meeting of the WTO’s General Council on Friday. Okonjo-Iweala, who made history in 2021 as the first woman and the first African to lead the 164-member organization, will continue to serve in this…
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Tinubu, Macron Strengthen Economic Ties at Nigerian-French Business Council
In a high-profile meeting with French President Emmanuel Macron, Nigerian President Bola Ahmed Tinubu has affirmed his country’s strong commitment to enhancing cooperation in key sectors such as food security, energy, solid minerals, education, and defense. The joint press conference held at the Palais des L’Élysée on Thursday saw President Tinubu highlighting the vast, yet…
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Senator Ndume Criticizes Timing of Tax Reform Bills
In a pointed critique, Senator Ali Ndume, who represents Borno North Central Senatorial District, has expressed his opposition to the Tax Reform Bills that have been passed for a second reading in the Nigerian Senate. Speaking as a guest on Channels Television’s Politics Today programme, Ndume, the former Senate Chief Whip, argued that the timing…
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TCN: ₦8.8bn Spent Repairing Vandalized Power Transmission Towers
The Nigerian Federal Government has disclosed a staggering financial and operational challenge in the power sector, revealing that it has expended approximately ₦8.8 billion to repair transmission towers deliberately destroyed by vandals and bandits across the country. At a Quarterly Power Sector Working Group meeting in Abuja, the Managing Director and Chief Executive Officer of…
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Ex-Kogi Governor Yahaya Bello Pleads Not Guilty to 16-Count Charges by EFCC
The immediate past Governor of Kogi State, Yahaya Bello, and two others have pleaded not guilty to 16 charges brought against them by the Economic and Financial Crimes Commission (EFCC). Bello, the primary defendant, firmly denied the allegations before Justice Maryann Anenih as they were read out in court. His lawyer, JB Daudu, SAN, then…
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Port Harcourt Refinery’s Petrol Price Higher Than Dangote’s, Says PETROAN
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has disclosed that the price of Premium Motor Spirit (PMS), commonly known as petrol, produced by the recently activated old Port Harcourt Refinery is ₦1,045 per liter, ₦75 higher than the price charged by the Dangote Refinery. Dr. Joseph Obele, the Public Relations Officer of…