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Policy and Regulations

Tinubu’s reforms drive surge in Nigeria’s mining sector – Alake

The Minister of Solid Minerals Development, Dr. Dele Alake, has stated that reforms introduced by President Bola Tinubu have greatly enhanced Nigeria’s mining sector. These changes have increased productivity and attracted more Foreign Direct Investments. A statement from the Minister’s Special Assistant on Media, Segun Tomori, indicated that Alake pointed out the sector’s fast growth. […]

featured Ports and Airports

Tinubu suspends airport cashless toll system over gridlock crisis

President Bola Tinubu has suspended the cashless payment system at airport toll gates nationwide due to severe gridlock that led to passengers missing flights. The announcement came from the Minister of Aviation and Aerospace Development, Festus Keyamo, on Wednesday following the Federal Executive Council meeting at the State House in Abuja. Keyamo stated that the […]

Banking featured

Defunct Heritage Bank depositors beg Tinubu, Cardoso for full refund

Depositors of the defunct Heritage Bank, whose funds remain trapped following the institution’s liquidation, have appealed to President Bola Tinubu and Central Bank of Nigeria Governor Olayemi Cardoso for urgent intervention. They demanded a swift and full reimbursement of all affected depositors’ funds. They also called for immediate bailout funds to be provided to the […]

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
featured Oil and Gas

Tinubu signals major overhaul of PIA with oil revenue order

President Bola Tinubu has signalled a broader overhaul of Nigeria’s petroleum governance framework following his executive order mandating direct remittance of oil and gas revenues into the Federation Account. According to The PUNCH, presidency sources confirm that beyond the immediate fiscal reset, preparations are underway for a comprehensive review of the Petroleum Industry Act to […]

Oil and Gas

Tinubu’s order stops NNPCL’s ₦2.1tn four-year deductions

President Bola Tinubu’s executive order has halted deductions by the Nigerian National Petroleum Company Limited for management fees and the Frontier Exploration Fund, stopping revenue streams that totaled about N2.076 trillion over four years, according to investigations by The PUNCH. An analysis of monthly earnings submitted to the Federation Account Allocation Committee, obtained by the […]

featured Oil and Gas

PENGASSAN to meet presidency over Tinubu’s ‘threatening’ executive order

The leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria has announced plans to meet with the Presidential Implementation Committee on Executive Order 9, which was recently signed by President Bola Tinubu. PENGASSAN has warned that the executive order poses a serious threat to the stability of the oil and gas industry, […]

News

Tinubu promises state police, to tackle unemployment

President Bola Tinubu on Monday expressed optimism that Nigerians should expect better days ahead, stating that the country has now emerged from its economic and security challenges. The President made the remarks while speaking at an interfaith breaking of fast event held at the State House Banquet Hall in Abuja. The gathering included 20 governors, […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Opinion

SERAP urges Tinubu to scrap unlawful phone tapping regime

The Socio-Economic Rights and Accountability Project has urged President Bola Tinubu to direct the Minister of Communications, Innovation and Digital Economy, Bosun Tijani, to immediately withdraw the Lawful Interception of Communications Regulations, 2019. SERAP described the regulations as “unconstitutional, unlawful and inconsistent with Nigeria’s international obligations.” The organisation also called on the President to initiate […]

Policy and Regulations

Tinubu signs order to end wasteful PIA deductions

President Bola Tinubu, on Wednesday, signed an Executive Order to boost oil and gas revenues flowing into Nigeria’s Federation Account by eliminating wasteful deductions under the Petroleum Industry Act. According to the statement issued by the Presidential spokesman, Bayo Onanuga, the Executive Order is anchored on Section 44(3) of the Constitution, which vests ownership, control, […]

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