The Federal Ministry of Finance has challenged recent reports, based on the World Bank’s October Nigeria Development Update, that interest payments consumed 124 per cent of Federal Government revenue in the first half of the year.
The Presidency has clarified Governor Seyi Makinde’s claim that the Federal Government is withholding N250 billion in NLNG dividends for each state of the federation, saying his view is false.
For decades, the NNPC Limited has occupied a central but complicated position in Nigeria’s economy. It is simultaneously a commercial enterprise, a custodian of the country’s interests in the petroleum industry and a strategic instrument of government energy policy. Reconciling these responsibilities with the discipline required of a modern commercial enterprise has remained a defining challenge.
50 persons have been officially confirmed dead, and 70 others are receiving treatment in four local hospitals following the explosion of a petrol tanker at Oluku along the Benin-Lagos Expressway in Ovia North-East Local Government Area of Edo State.
Nigeria opens the week with inflation easing, oil near $110 and a ₦1.75 trillion government bond auction. Here are the figures and developments to watch on Monday, October 19, and through the week.
Wike led a delegation comprising members of the Rivers State House of Assembly, including the Speaker, Martin Amaewhule, and chairmen of the 23 local government councils, to the meeting with Fubara and his supporters at the governor's private residence in Port Harcourt.
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, gave the directive in Abuja over the weekend while receiving progress reports from the Presidential Initiative on Compressed Natural Gas and Electric Vehicles and the Decade of Gas Secretariat.
In an interview with THEWILL on the decision of aggrieved candidates of parties to sue the Commission over the removal of their names in the published list of candidates for the Governorship and Assembly polls. He explained that the Commission did not disqualify candidates, but the political parties disqualified themselves by falling short of the Constitutional requirement, as affirmed by the Supreme Court judgement mandating them to submit a membership register that contains the names of their candidates.
President Bola Tinubu’s decision to stay back in Abuja, while members of the APC Presidential Campaign Council embark on campaigns for his re-election, may colour the presidential campaign as candidates of the opposition parties pounce on the idea.