Category: Nigeria news
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Unite to Defeat Terror, Nigerians Urged
Ekong Udoro, Chairman of the Grand Elders Council of Clans Club International, has warned that divisive rhetoric over Nigeria’s rising terrorism threat undermines national resolve. Speaking in Calabar during the club’s 38th Special Converge, themed “Back to Rutz: The Future, the Prospects”, Udoro called on Nigerians to unite behind government efforts to end killings by
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‘Nation in Free Fall’ – PRP Decries Insecurity, Demands Urgent Action
The Peoples Redemption Party (PRP) has raised the alarm over Nigeria’s deteriorating security situation, warning that repeated killings and abductions are pushing the country toward chaos. In a statement on Tuesday, PRP National Chairman Falalu Bello said the nation is steadily losing control over its internal security, noting that ordinary Nigerians’ lives are being wasted
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GenCos Reject FG’s 50% Debt Haircut Proposal
Power generation companies (GenCos) have rejected the Federal Government’s offer to forfeit 50% of the N5 trillion debt owed to them for electricity supplied to the national grid. The proposal, described as a 50% “haircut,” would have allowed the government to pay the GenCos about N2.4 trillion, representing roughly half of the total debt. Azura
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CBN Proposes 5-Year Ban for Serial Dud Cheque Issuers
The Central Bank of Nigeria (CBN) is set to introduce a policy that would impose a five-year ban on customers who repeatedly issue dud cheques. Under the proposed guidelines, a customer qualifies as a “serial dud cheque issuer” if they issue three cheques that are dishonoured due to insufficient funds. The announcement came via an
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Renaissance Advances Energy Security Advocacy at University of Ibadan
Renaissance Africa Energy Company Limited has extended its advocacy for energy security and industrialisation to the University of Ibadan, emphasizing education, youth empowerment, and community development. Speaking at the university’s alumni homecoming, Tony Attah, Managing Director and CEO of Renaissance, highlighted the critical link between energy security and economic growth. He stressed that addressing energy
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FOREX Gains Push NNPC Profit After Tax to N5.4 Trillion
The Nigerian National Petroleum Company Limited (NNPCL) has posted a profit after tax of N5.4 trillion for the 2024 financial year, marking a 63.6% increase from N3.3 trillion recorded in 2023. The company’s revenue also rose sharply to N45.07 trillion from N23.9 trillion the previous year, while profit before tax jumped to N9.55 trillion from
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UN Urges Nigeria to Stop Kidnappings, Prosecute Perpetrators
The United Nations has condemned the recent surge in mass kidnappings in north-central Nigeria and called on authorities to take urgent action to halt the attacks and bring perpetrators to justice. “We are shocked by the recent wave of abductions in north-central Nigeria,” UN rights office spokesman Thameen Al-Kheetan said in Geneva. “We urge Nigerian
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By Hakeem Baba-Ahmed
“Fear no forest because it is dense.” — African proverb It is hard to recall a period when Nigerians worried as much about the country’s future as we do today. For the first seven decades until independence, we were a British colony—a vast, diverse, and resource-rich entity shaped primarily for colonial profit. As we approached
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FIRS Clarifies Position on Xpress Payments
The Federal Inland Revenue Service (FIRS) has addressed recent claims that it appointed Xpress Payments as the sole channel for Treasury Single Account (TSA) collections, describing the allegations as misleading and a potential politicisation of administrative processes. In a statement signed by Arabinrin Atoyebi, Technical Assistant to the FIRS Executive Chairman, the agency clarified that
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School Abduction: Onanuga Accuses Niger CAN Chairman of ‘Playing Games’
Presidential aide Bayo Onanuga has accused Rev. Dr. Bulus Yohanna, chairman of the Christian Association of Nigeria (CAN) in Niger State, of withholding critical information regarding the abduction of students from St. Mary’s Private Catholic Schools in Papiri, Agwara LGA. Onanuga alleged that Yohanna’s actions are obstructing authorities from determining the true number of abducted
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