By Damilola Adeleke A Federal High Court in Kaduna has issued an interim forfeiture order on N1.37 billion, which was allegedly misappropriated from the Kaduna State Government and funneled into a private account. The funds were initially allocated for the now-abandoned Kaduna light rail project but were reportedly diverted during the tenure of former Governor […]
By Damilola Adeleke In a significant overhaul, the Central Bank of Nigeria (CBN) has appointed 16 new directors to lead key departments, effective March 3, 2025. This strategic move aims to enhance oversight and operational efficiency within the apex bank. The newly appointed directors and their respective departments are as follows: Banking Supervision: Akinwunmi Olubukola […]
Strong indications suggest that the price of Premium Motor Spirit (PMS), commonly known as petrol, could reduce to as low as N500 per litre by 2025, according to industry experts. The Federal Government’s deregulation of the downstream petroleum sector has introduced healthy competition, eliminating monopolistic practices and creating room for price reductions. The reopening of […]
NIGERIA – Human rights lawyer Femi Falana (SAN) has attributed the cancellation of a Public-Private Partnership (PPP) arrangement for the management of Nigeria’s Port Harcourt, Warri, and Kaduna refineries under former President Umaru Musa Yar’Adua to questionable circumstances surrounding the deal initiated by ex-President Olusegun Obasanjo in 2007. In a statement on behalf of the […]
The Federal Government has settled for Wednesday, 18th December 2024, to present the 2025 budgetary estimates of N47.96 trillion to the National Assembly. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Monday while briefing journalists at the end of the cabinet meeting, presided over by President Bola Tinubu at the Council […]
