History was made in Ekiti on Wednesday as Governor, Biodun Oyebanji led other dignitaries to receive the first commercial flight at the Ekiti Agro-Allied International Cargo Airport, in Ado Ekiti, describing the project as a major milestone in the state’s quest for economic growth and enhanced connectivity. The United Nigeria aircraft with registration number 5N-BWY…
Protesting contractors President Bola Tinubu has expressed strong displeasure over the growing backlog of debt, estimated at about N1.5 billion, owed to federal contractors. In response, the president has established a high-level committee to address the bottlenecks and secure funds for repayment. The president’s anger over the outstanding payments was disclosed by his Special Adviser…
E&P Limited (NEPL), the flagship upstream subsidiary of NNPC Limited, achieved a record production level of 355,000 barrels of oil per day, its highest daily output since 1989. The milestone marks a significant step forward for Nigeria’s upstream sector and reflects the company’s ongoing transformation anchored on efficiency and discipline. The figures show genuine transformation:…
For decades, the Nigerian National Petroleum Company was the black box of the nation’s economy. Revenues flowed in, deductions went out, and only a handful of insiders could explain how the numbers moved. Public complaints about opacity swirled constantly, and mistrust hardened into a national reflex. That posture is beginning to shift. The turning point…
The federal government received N360.29bn from electronic money transfer levies between January and October 2025, based on a Federal Inland Revenue Service document seen by The PUNCH on Friday. The amount was more than double the N170.92bn generated in the same period of 2024, showing an increase of N189.36bn (110.8 per cent). The monthly figures…
The Supreme Court has struck out a suit filed by the Attorney General of Osun State against the Attorney General of the Federation (AGF), over the withheld local government allocations in the state. The apex court held that the Osun state Attorney General has no legal right to have instituted the case on behalf of…
By Sebastine Ebhuomhan When President Bola Ahmed Tinubu appointed Chief (Dr.) Dennis Brutu Otuaro on 14th March 2024 to administer the Presidential Amnesty Programme (PAP), he had great expectations. The official announcement reflecting the president’s infallible wisdom underlined that Dr. Otuaro “had previously served as a top-level executive of the Niger Delta Development Commission (NDDC)…
Tinubu President Bola Ahmed Tinubu has approved the establishment of the National Tax Policy Implementation Committee (NTPIC) and named the chairman and members. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known on Friday in a statement. According to Onanuga, the committee would be chaired by Joseph Tegbe. The…
FirstBank, West Africa’s premier financial institution and financial inclusion services provider, is to host SMEConnect Webinar scheduled to hold on Wednesday, 26 November. The SMEConnect webinar is one of the ways FirstBank delivers its capacity building of its value propositions to small and medium-sized enterprises (SMEs). It is designed to empower SMEs with the knowledge,…
The federal government is projecting nearly $1bn (about N1.49tn) in annual revenue from electricity exports to 15 West African Countries under the Economic Community of West African States sub-region from June 2026. The earnings are based on what a full 600 megawatts export capacity is capable of generating at the prevailing regional tariff, as Nigeria…
