The battle against oil theft received a boost with two Federal High Courts, sitting in Abuja ordering the forfeiture of two bunkering vessels – MT Kali and MT Harbour Spirit – arrested by a private security firm, Tantita Security Services Nigeria Limited (TSSNL) in conjunction with government security agencies to the Federal Government. The courts also ordered the sale of …

The Federal Government, on Tuesday, announced that the $700 million Obiafu/Obrikom/Oben gas pipeline, popularly called OB3, would be completed in March 2024, a project that commenced in 2016. It announced this at the ongoing 7th Nigeria International Energy Summit in Abuja, where President Bola Tinubu also provided some explanations on why his government had to remove petrol subsidy despite how …

The latest Gross Domestic Product (GDP) numbers from the National Bureau of Statistics (NBS) have shown in many ways that the Nigerian economy is not only fast adjusting but also adapting to the national economic reforms being spearheaded by the President Bola Tinubu administration. The reformation is headlined by the twin policies of fuel subsidy removal and unification of the …

The Trade Union Congress of Nigeria (TUC) has asked the Federal Government to begin the importation of food in two weeks to mitigate the soaring prices of food across the country. During a press conference in Abuja on Monday on the economic hardship ravaging the country, TUC President, Comrade Festus Osifo said that Nigerians had never witnessed this level of …

The counsel for the Nigeria Labour Congress (NLC), Mr. Femi Falana has said the proposed nationwide protest by the union does not amount to contempt. According to the Senior Advocate of Nigeria (SAN), after withdrawing the contempt proceedings against the NLC and Trade Union Congress (TUC) for their protest on last 2nd August, the Federal Government’s subsequent threat of contempt …

A pan-Yoruba socio-political organisation, Afenifere has begged the Yoruba people not to participate in the protests breaking out from some parts of the country over the current economic hardship. The Yoruba people are indigenes of the six southwestern states of the country which include Osun, Ogun, Ondo, Lagos, Ekiti and Oyo. Although, residents of the Yoruba-identified states and others including …

The President of the Association of Road Transport Owners (NARTO), Yusuf Lawal, on Friday, said the union called off its industrial action following the intervention of the Federal Government. He noted that the union is offering its services at a loss due to the cost of subsidy removal and the rise in the cost of the dollar. The union, however, …

Scores of pro-democracy activists on Friday staged a solidarity march from the popular Unity Fountain to the National Assembly complex in Abuja to demand that the Nigeria Labour Congress (NLC) suspend its planned two-day protest and return to the negotiation table with the Federal Government. They also vowed to mobilise Nigerians against the unionists if the lawmakers couldn’t convince them …

The Anglican Bishop of Ikwerre Diocese, in River State, Dr Blessing Enyindah has called on President Bola Tinubu to as a matter of urgency address the increasing hardship facing Nigerians. Many Nigerians have been urging the government to find solutions to the continued increase in the prices of food in the country. During his sermon at the funeral service for …

A total revenue of N2.068 trillion was paid into the Federation Account last month, according to the Office of the Accountant-General of the Federation (OAGF). Deductions for the cost of collection were N78.412 billion; total transfers, interventions and refunds, N639.926 billion; and savings, N200.000 billion. After the deductions, the Federation Account Allocation Committee (FAAC) shared N1.149 trillion to the  three tiers …