News

The 36 state governors, on Thursday, rejected allegations that state governments have failed to properly account for funds accruing to them following the removal of the petrol subsidy, setting the stage for a fresh confrontation over the management of additional public revenues since the controversial reform.

Ezekwesili made the allegation during an interview with News Central Television, where she questioned the effectiveness of the government’s response to insecurity and demanded greater accountability over the enormous resources reportedly committed to combating terrorism.

The development follows what FAAN described as “constructive engagements” with Bolt to establish an agreeable and sustainable operational framework for e-hailing services within the airport environment.

The warning follows the recent increase in the price of a 50kg bag of Dangote Cement to more than ₦15,000 in some locations, despite an ongoing investigation by the Federal Competition and Consumer Protection Commission (FCCPC) into pricing practices in the industry.

The Force, in a statement issued on Thursday by its Public Relations Officer, CSP Ani Iniedu, described the allegations as unsubstantiated and unfairly damaging to the institution, while challenging VDM to produce evidence to support his claims.

In a panel discussion on Africa’s infrastructure financing challenges, South African President Cyril Ramaphosa argued that the continent should not assume it needs foreign capital to fund major projects. Aliko Dangote offered a different perspective, arguing that the availability of money in African banks does not necessarily mean businesses can afford to use it.

The programme, unveiled on Wednesday at the Presidential Banquet Hall, State House, Abuja, includes the Household Prosperity and Empowerment Social Protection Project (HOPE-SP), alongside four other initiatives aimed at strengthening the country's humanitarian response and poverty-reduction architecture.

President Bola Tinubu has urged NLNG to increase domestic gas utilisation and ensure Nigeria’s gas wealth translates into more affordable cooking gas. NLNG says 100 percent of its cooking gas production already goes to the Nigerian market and...

The decision is expected to be formally announced later this week, potentially clearing the uncertainty that emerged after FTSE Russell placed Nigeria’s planned reclassification under further review in June.

The forum also urged governments and communities in the Southern states to prepare to resist any attempt to extend the policy beyond the proposed pilot areas.