Maintenance costs incurred by airlines in Nigeria are expected to reduce by over $200 million annually as the Federal Government, Boeing, and the UK-based Cranfield University partner to set up a world-class Maintenance, Repair, and Overhaul (MRO) facility in Nigeria. President Bola Tinubu, who made this known last week during the maiden Nigerian International Airshow, …
The Supreme Court has struck out a suit filed by the Osun State Government seeking to compel the Federal Government to release withheld allocations due to the state’s 30 Local Government Councils. In a split decision of six to one, the seven-member panel on Friday ruled that the suit lacked merit, holding that the Attorney …
Before the Senate confirmed former Chief of Defence Staff, General Christopher Musa, on Wednesday as Minister of Defence, the Red Chamber witnessed hours of tense exchanges and a stark preview of the hardline security doctrine Gen. Musa intends to introduce into Nigeria’s fight against terror. Musa’s confirmation came through a unanimous voice vote after more …
The Federal Executive Council (FEC) has approved the 2026–2028 Medium-Term Expenditure Framework (MTEF) with a ₦34.33 trillion revenue target. The council approved the MTEF during its meeting on Wednesday, December 3, at the State House, Abuja, presided over by President Bola Tinubu. The Minister of Budget and Economic Planning, Atiku Bagudu, made this known to journalists. He …
The Central Bank of Nigeria (CBN) has limited weekly cash withdrawals for individuals to ₦500,000 and corporates to ₦5 million. It gave the directive to banks in a new revised set of rules, stating that the order will take effect from January 2026. This ends the previous special authorisation permitting individuals to withdraw ₦5 million …
The $5 billion Africa Energy Bank building is ready for use once the APPO and Afreximbank complete the administrative and regulatory processes, the Federal Government of Nigeria has said. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said during a recent inspection visit to the facility in Abuja. The bank has missed two …
The Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, says the Federal Government will soon publish the identities of individuals and networks behind the financing of terrorism in the country. Speaking during an interview on Television Continental on Sunday, Bwala said the Tinubu administration has begun taking “far-reaching decisions” on national security …
The Federal Government did not pay any ransom to secure the release of schoolchildren abducted in Kebbi and Niger states, the Senate spokesperson, Senator Yemi Adaramodu, has said. Adaramodu made the clarification on Friday during an interview on Channels Television’s Morning Brief, amid growing public speculation over the recent rescue operations. Adaramodu, who is representing …
The Nigeria Labour Congress (NLC) says its organs will meet today, November 22, to determine the next line of action as its one-month ultimatum to the Federal Government over the unresolved crisis in universities, polytechnics, and colleges of education expires. NLC’s acting Secretary-General, Benson Upah, confirmed the development in a brief chat with Newsmen, stressing …
— Union Accuses Officials of Treating Education as Non-Priority, Warns of Impending Showdown Over Salary Dispute The President of the Academic Staff Union of Universities (ASUU), Prof. Chris Piwuna, has accused the Federal Government of failing to prioritize education, saying officials do not regard the sector’s challenges as national concerns demanding collective responsibility. Speaking during …
