By Esther Ososanya The Federal Ministry of Finance, in partnership with the African Capacity Building Foundation (ACBF) Gates Foundation, has launched the Leadership Excellence in Africa’s Public Service (LEAPS) programme in Abuja, a transformative initiative aimed at strengthening institutional leadership across Nigeria’s public service. The launch marks a step toward improving economic governance by retooling …
By Rafiyat Sadiq The Senate has given the Nigerian National Petroleum Company Limited (NNPCL) a three-week deadline to respond to audit queries concerning N210 trillion recorded in its financial statements from 2017 to 2023. The Senate Public Accounts Committee, chaired by Senator Ahmed Wadada (Nasarawa West), issued the directive during a session with NNPCL’s Group …
By Esther Ososanya Africa’s richest man and industrialist, Aliko Dangote, has officially stepped down as Chairman of Dangote Cement Plc, the company he founded and built into one of the continent’s largest cement producers. The announcement was made on Friday in a statement issued by the company’s Group Chief, Branding and Communications Officer, Anthony Chiejina. …
By Esther Ososanya The Nigeria Customs Service (NCS) has uncovered a massive violation of the Temporary Admission Permit (TAP) scheme, with 223 companies defaulting in ways that could cost the nation over ₦379.6 billion in unpaid customs duties. In a statement issued Friday, July 25, the Service granted a 21-day grace period, beginning Monday, July …
By Esther Ososanya In a strategic push to stabilise Nigeria’s fragile power supply, the federal government has added 50.4 megawatts (MW) to the national grid with the commissioning of a high-capacity mobile substation in Eleyele, Oyo State. Power Minister Adebayo Adelabu, who led the commissioning on Thursday, said the substation was delivered through a partnership …
By Esther ososanya Residents under the Eko Electricity Distribution Company (EKEDC) should brace for 25 days of planned power outages as the company begins major maintenance works in collaboration with the Transmission Company of Nigeria (TCN). In an official notice posted Friday via its X account, EKEDC said the blackout will run daily from July 28 to August …
By Esther Ososanya The number of Americans applying for new unemployment benefits fell unexpectedly last week, providing fresh evidence that the U.S. labour market remains resilient, even as job growth cools and businesses grow more hesitant about hiring. Initial jobless claims dropped by 4,000 to a seasonally adjusted 217,000 for the week ending July 19, …
By Esther Ososanya Hon. Ikeagwuonu Ugochinyere, Chairman of the House Committee on Petroleum Resources (Downstream), has raised alarm over fresh political attempts to sack the statutory leadership of Nigeria’s key petroleum regulatory agencies, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). “We didn’t labour for two …
By Ososanya Esther The Nigeria Customs Service (NCS) has officially launched the B’Odogwu clearance platform, marking a major shift in port operations. The new system comes with a flat 4% Free On Board (FOB) charge, which replaces several older levies. Comptroller-General of Customs, Adewale Adeniyi, announced the change during a high-level stakeholders’ town hall in …
By Esther Ososanya Nigeria may be basking in the glow of global praise, but Central Bank Governor Olayemi Cardoso says it’s no time to relax. Speaking during the Monetary Policy Committee (MPC) meeting in Abuja, Cardoso acknowledged the International Monetary Fund’s (IMF) commendation of Nigeria’s recent fiscal and monetary reforms but issued a stern reminder,the …
