The Supreme Court has struck out a suit by the 36 state governments seeking to among others, compel the federal government to account for its earnings from the sale of liquefied natural gas, natural gas liquids and related products since 1999. In a unanimous judgment, a seven-member panel of the court, presided over by Justice […]
•Simon Ekpa The federal government will likely apply for the extradition of Simon Ekpa, the leader of the Eastern Security Network, the paramilitary organisation of the Indigenous People of Biafra, IPOB. The Director of Defence Information, Brig Gen Tukur Gusau, who gave the indication yesterday, said Ekpa, a self-proclaimed disciple of IPOB l...
The Federal Ministry of Education has announced the reappointment of Professor Joseph Ikechebelu as the new acting vice-chancellor of the Nnamdi Azikiwe University, Awka (NAU). Ikechebelu’s reappointment as the new vice-chancellor of the university was announced in a letter on Wednesday by the Permanent Secretary, Ministry of Education, Nasir ...
The Minister of Education, Dr. Tunji Alausa, announced today, Wednesday, November 20, the removal of Ohieku Salami from his position as pro-chancellor and chairman of the governing council of the Federal University of Health Sciences in Otukpo, Benue State. The decision was made due to actions considered “unbecoming of his office” and violatio...
•Naira notes A total sum of N1.411 trillion, being October 2024 Federation Accounts Revenue, has been shared among the Federal Government, States and Local Government Councils. A statement by the Office of the Accountant General of the Federation today, said the revenue was shared at the November 2024 meeting of the Federation Accounts Allocat...
•NYSC members The federal government has lifted the ban restricting the posting of members of the National Youth Service Corps to the public sector, allowing for corpers to now be posted to private sector organisations, including banks and oil and gas companies. According to a memo issued by the Minister for Youth Development, Ayodele Olawande...
•Governor Biodun Oyebanji of Ekiti State The Ekiti State Government and labour leaders in the state have signed a Memorandum of Understanding for the payment of N70,000 wage approved by the federal government. Addressing journalists today at a brief ceremony in Ado-Ekiti, the Head of Service, Dr Folakemi Olomojobi confirmed that the payment wo...
The federal government has spent $1.36 billion to service outstanding debts owed to 12 international and multilateral creditors in the first six months of 2024. This is according to an analysis of data from the public debt reports released by the Debt Management Office. The figure for payments made between January to June 2024 represents [&hel...
•FEC meeting The Federal Executive Council (FEC) yesterday approved a budget proposal of N47.9 trillion for the 2025 fiscal year and borrowing of N13.8 trillion. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this while briefing State House correspondents, at the end of the Council meeting, presided over by President Bol...
•US dollar notes The federal government spent a voluminous $3.58 billion servicing the country’s foreign debt in the first nine months of 2024. Data sourced from the Central Bank of Nigeria (CBN) report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56 billion spent during the same [...

