Court Orders CBN to Halt Financial Allocations to Rivers State Over Budget Violations

The Federal High Court in Abuja has ordered the Central Bank of Nigeria (CBN) to cease all financial allocations to the Rivers State government, citing constitutional violations by Governor Siminalayi Fubara. The judgement, delivered on October 30, 2024, follows a lawsuit filed by the Rivers State House of Assembly, which challenged the legality of the…

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FULL LIST: Firms that left Nigeria from 2020 to 2024 over economic challenges

In recent years, Nigeria has witnessed an increasing trend of multinational and local companies shutting down or relocating their operations due to economic challenges, currency volatility and rising operational costs. The latest company to announce its departure from Nigeria is South African grocery retailer Pick n Pay, which confirmed on Monday that it will exit the market…

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Ghana eyes fuel imports from Dangote refinery

Ghana could buy petroleum products from Nigeria’s Dangote Petroleum Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday. Chairman of the National Petroleum Authority, Ghana, Mustapha Abdul-Hamid, said this could end monthly fuel imports from Europe of $400m. He…

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President Tinubu

Tinubu Mobilises Military to Safeguard TCN Engineers Amid Northern Nigeria Blackout

In response to the ongoing blackout affecting Northern Nigeria, President Bola Tinubu has ordered the deployment of the Nigerian Army and Air Force to protect engineers from the Transmission Company of Nigeria (TCN) as they work to repair damaged transmission lines. This directive comes after weeks of power outages that have severely disrupted social and…

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Northern Governors Unite Against Tinubu’s Tax Reform Proposal, Citing Regional Disadvantages

The Northern States Governors’ Forum (NSGF), representing 19 northern states, has collectively rejected President Bola Ahmed Tinubu’s proposed tax reform bill, which includes a significant amendment to the distribution of value-added tax (VAT). The governors voiced their concerns during a strategic meeting held in Kaduna and issued a communiqué detailing their stance on the matter….

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Abia Rep Alex Ikwechegh Faces Backlash After Assaulting Abuja Driver

Nigerians are expressing outrage after a video surfaced showing Alex Ikwechegh, a member of the House of Representatives from Abia State, physically assaulting an e-hailing driver in Abuja. The incident occurred on October 27, 2024, at Ikwechegh’s residence in Maitama, where the driver had arrived to deliver a package. The Incident In the viral video,…

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