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FG Revokes 1,633 Mining Licenses Over Non-Payment of Fees

The Federal Government has taken a firm stance by revoking 1,633 mineral titles as mining companies failed to meet the mandatory annual service fees of N1,500 per cadastral unit. During a press briefing in Abuja on Tuesday, Minister of Solid Minerals Development, Dele Alake, announced the revocation, spanning Exploration Licences, Quarry Licences, Small Scale Mining […]

Buhari Reflects on Presidency, Acknowledges Challenges

In an interview yesterday, Nigeria’s immediate past President, Muhammadu Buhari, asserted that he gave his best during his eight-year tenure but expressed uncertainty about achieving the anticipated results. Addressing various topics, Buhari shed light on his decisions, challenges faced, and the state of the nation. Buhari discussed his endorsement of the controversial naira redesign policy, […]

Minister Explains FG’s Position on Borrowing for 2024 Budget

The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, provided insights into the government’s cautious approach to borrowing for the 2024 Budget. Edun stressed the need to prioritize revenue generation and reduce the current high deficit financing. Appearing before the joint Senate Committee on Finance, Appropriations, National Planning, Local and Foreign […]

Government Making Progress Against Insecurity, Oil Theft Says Ribadu

The National Security Adviser (NSA), Mallam Nuhu Ribadu, highlighted the government’s progress in addressing security challenges, particularly oil theft, banditry, and kidnapping. Speaking at the 19th All Nigeria Editors Conference in Uyo, Akwa Ibom State, Ribadu emphasized the commitment of the Bola Ahmed Tinubu Administration to tackle these issues hindering Nigeria’s economic development. Ribadu pointed […]

FG Stresses Inevitability of Reforms Despite Short-term Challenges

Minister of Finance and Coordinating Minister of the Economy, Olawale Edun, emphasized the necessity of ongoing reforms initiated by the Tinubu Administration, acknowledging the temporary hardships they might cause. Edun assured that delaying or avoiding these reforms would have been costlier for the country in the long run. He emphasized the administration’s commitment to sustaining […]

Fuel Subsidy Removal, Food Prices Push Inflation Up to 27.33%

The National Bureau of Statistics (NBS) reported a significant rise in the Consumer Price Index (CPI), a measure of price changes for goods and services. In October, it surged to 27.33%, marking a 0.61% increase from the previous month’s 26.72%. Dr. Isa AbdulMumin, the spokesperson for the Central Bank of Nigeria (CBN), expressed optimism about […]

Super Eagles Camp Ready for World Cup Qualifier

The Super Eagles camp in Uyo is prepared for the upcoming 2026 FIFA World Cup qualifier against Lesotho at the Godswill Akpabio Stadium. All 23 invited players have arrived in Uyo. The latest additions, including Moses Simon, Ademola Lookman, and others, were received at the Victor Attah International Airport and taken to the team’s camp […]

CBN Extends Use of Old Naira Notes

The Central Bank of Nigeria (CBN) has decided to extend the legal tender status of old N200, N500, and N1000 notes indefinitely. The initial deadline of December 31, 2023, has been removed. In a statement on Tuesday, Dr. Isa AbdulMumin, the Director of Corporate Communications, revealed that the CBN is working to overturn existing court […]

Buhari’s Policies Bankrupted Nigeria, NSA Insists

In a significant address at the Chief of Defence Intelligence Annual Conference, National Security Adviser (NSA) Mallam Nuhu Ribadu asserted that Nigeria faced severe financial constraints due to the alleged bankruptcy left by former President Muhammadu Buhari’s administration. Ribadu, speaking on behalf of the President Bola Tinubu-led government, acknowledged the daunting task of rebuilding a […]

ASUU Joins Nationwide Strike Called by NLC and TUC

The Academic Staff Union of Universities (ASUU) has instructed its members to participate in the nationwide strike declared by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC). ASUU’s National President, Emmanuel Osodeke, issued a circular on Monday, directing members to commence the strike at midnight, aligning with the broader industrial action. In […]

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