Category: News

  • Court Grants Odey Oyama Bail After 144 Hours in Detention

    Court Grants Odey Oyama Bail After 144 Hours in Detention

    Odey Oyama, alongside four others, was arrested by the Cross River State Police Command on January 14, 2025, for allegedly inciting native unrest in Effi Community. Charged with Case No MC/20C/2025, the defendants appeared before Magistrate Okoho Bassey, who emphasized the court’s duty to uphold citizens’ rights when guilt is unproven. The court set bail…

  • NBMA Approves Safe GMO Importation Guidelines

    NBMA Approves Safe GMO Importation Guidelines

    The National Biosafety Management Agency (NBMA) has officially validated its National Biosafety Guidelines on Low-Level Presence (LLP) to ensure the safe importation of Genetically Modified Organisms (GMOs) into Nigeria. Speaking on January 22, 2025, in Abuja, NBMA Director-General, Dr. Agnes Asagbra, reiterated the agency’s dedication to protecting human health, animals, plants, and the environment. “We…

  • U.S. Withdrawal from WHO Could Impact Nigeria’s Health Sector

    U.S. Withdrawal from WHO Could Impact Nigeria’s Health Sector

    Health experts in Nigeria have raised concerns over the potential impact of the United States’ withdrawal from the World Health Organisation (WHO) on the country’s health sector. The decision, made by U.S. President Donald Trump, could reduce funding for critical health programs in Nigeria, experts warned during a meeting in Abuja on January 22, 2025.…

  • Nigeria’s VAT Revenue Hits N1.78 Trillion in Q3 2024, Up 14.16%

    Nigeria’s VAT Revenue Hits N1.78 Trillion in Q3 2024, Up 14.16%

    Nigeria’s Value Added Tax (VAT) revenue reached N1.78 trillion in Q3 2024, marking a 14.16% quarter-on-quarter growth from the N1.56 trillion recorded in Q2, according to the National Bureau of Statistics (NBS). Local VAT payments accounted for the largest share, contributing N922.87 billion, while foreign VAT payments added N448.85 billion. Import VAT rounded off the…

  • Nigeria’s Debt Reaches N142.3 Trillion Amid Rising Borrowing

    Nigeria’s Debt Reaches N142.3 Trillion Amid Rising Borrowing

    Nigeria’s total public debt soared to N142.3 trillion by September 30, 2024, reflecting a 5.97% increase from June, the Debt Management Office (DMO) reports. The surge, equivalent to N8.02 trillion, was attributed to significant domestic borrowing and the naira’s depreciation, which dropped from N1,470.19/$ in June to N1,601.03/$ in September. Federal Government bonds, which rose…

  • Eno Supports Seplat Energy Expansion in Akwa Ibom

    Eno Supports Seplat Energy Expansion in Akwa Ibom

    Governor Umo Eno of Akwa Ibom State has pledged full support for Seplat Energy Group’s operations, reinforcing the State’s commitment to fostering investor-friendly policies. During a courtesy visit to the Government House in Uyo by Seplat’s Board and Management, Governor Eno lauded the company for its recent acquisition of Mobil Producing Nigeria Unlimited (MPNU) from…

  • Nigeria Extends Condolences to Turkey Following Deadly Hotel Fire

    Nigeria Extends Condolences to Turkey Following Deadly Hotel Fire

    The Nigerian government has conveyed heartfelt condolences to Turkey following a devastating fire at the Grand Kartal Hotel in the Kartalkaya Ski Resort, Bolu Province. The tragic incident claimed 76 lives and left over 50 injured. Key Details: The Nigerian government joins the international community in mourning the tragic loss and standing in solidarity with…

  • Lagos Assembly Urges Sanwo-Olu to Enforce Environmental Protection Law

    Lagos Assembly Urges Sanwo-Olu to Enforce Environmental Protection Law

    The Lagos State House of Assembly has called on Governor Babajide Sanwo-Olu to enforce the Environmental Management Protection Law (2017) to curb vandalism and scavenger activities threatening public infrastructure. During the plenary in Ikeja on January 21, 2025, Speaker Mojisola Meranda expressed concern over increasing cases of theft and destruction of vital infrastructure, including manhole…

  • Nigeria Leads Africa as Top Oil and Gas Investment Hub

    Nigeria Leads Africa as Top Oil and Gas Investment Hub

    Nigeria emerged as Africa’s top destination for upstream oil and gas investments in 2024, according to Wood Mackenzie. The country secured three out of four Final Investment Decisions (FIDs) announced by global energy giants, amounting to $13.5 billion. Major projects include Shell’s $122 million Iseni Gas Project, TotalEnergies’ $566 million Ubeta Gas Project, and the…

  • Women Thrive in Cross River Bee Farming Project

    Women Thrive in Cross River Bee Farming Project

    DEVCON-PADIC Africa, an environmental NGO, has concluded a two-year project aimed at empowering women and community members in Cross River State through bee farming and sustainable practices. Funded by global partners like FAO, ECOWAS, and SIDA, the initiative focused on improving livelihoods and preserving forest ecosystems. Speaking at a Project Lessons Sharing Workshop held in…