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House of Representatives Speaker, Femi Gbajabiamila has said President Muhammadu Buhari is expected to present the 2023 budget to the National Assembly in October. Gbajabiamila gave the hint on Wednesday after inspecting hearing rooms 028 and 234 of the House. The rooms will serve as the temporary chamber due to the ongoing renovation of the […]

The Nigerian Senate has stated that 400 out of 541 federal government ministries, departments and agencies will be scrapped in 2023 following a recommendation by the presidential committee on agency rationalisation. The Chairman of the Senate Committee on Finance, Senator Olamilekan Adeola on Wednesday at a 2-day interactive session with members of the Senate Committee […]

The Senate Adhoc Committee on Oil Theft said it had bugun investigations into oil theft and illegal bunkering activities in the Niger Delta region. Chairman of the Committee, Bassey Akpan, said this while answering questions from journalists on arrival at the Port Harcourt International Airport. Akpan said massive stealing of Nigeria’s crude oil, which had […]

The Nigerian National Petroleum Company Ltd will tomorrow seal a Memorandum of Understanding on gas pipeline project with National Office of Hydrocarbons and Mines of Morocco and the ECOWAS Commission. The MoU is expected to drive the execution of the 7,000km Nigeria-Morocco gas pipeline project. In preparation of the signing of the agreement scheduled to […]

The Nigeria Senate yesterday rejected the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) which proposed a N12.43 trillion deficit and N6 trillion tax and import duty waivers in the N19.76 trillion budget. The Upper Legislative Chamber of the National Assembly, also directed the Nigeria Customs Service (NCS) to carry out a downward […]

The Nigerian Government has revealed it has recovered the sum of N2.6 trillion revenue from oil firms through the Nigeria Extractive Industries Transparency Initiative (NEITI) intervention. This was disclosed by Dr Orji Ogbonnaya Orji, Executive Secretary of NEITI, on Tuesday in Abuja at its Civil Society Organisations (CSO) and media engagement on Extractive Industries Transparency […]

Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes of crude during the review month, the Organisation of Petroleum Exporting Countries has said. OPEC disclosed this in its September 2022 report, confirming the figures released recently by the Nigeria Upstream Petroleum Regulatory […]

The Lagos State Government (LASG) has served a seven-day ‘Removal Order’ notice to owners/drivers of trucks, tankers and trailers illegally parked under the Costain Bridge to Iganmu Area of the state. The state government gave the ‘Removal Order’ to those affected due to the level of degradation on the infrastructure in that axis prompting a […]

Nigerian stock Market closed flat as the key market indicator inched up marginally by 2.01bps amid negative market breadth. The NGX All-Share was flat to close at 49,627.72 basis points as against 0.14% loss recorded previously to close at 49,625.71 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records […]

The Court of Appeal sitting in Abuja, on Tuesday, reserved its judgement on an appeal the detained leader of the Indigenous People of Biafra, IPOB,  Nnamdi Kanu, filed to quash the terrorism and treasonable felony charge the Federal Government preferred against him. The IPOB leader, who is currently facing trial before the Federal High Court […]


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