Author: Anule Emmanuel
President Bola Tinubu on Thursday pledged that the Nigerian National Petroleum Company (NNPC) Limited will be restructured and prepared for a public listing. The President told Nigerian Exchange Group executives that recent economic indicators and rising expert confidence point to brighter prospects for the country. A statement by his Special Adviser on Information and Strategy Bayo Onanuga said the President who praised the reforms of his administration said the government has aligned policy with global best practices and set the stage for sustained growth. Speaking at the Presidential Villa Abuja after receiving NGX board members led by Chairman Dr. Umaru…
The Independent Corrupt Practices and Other Related Offenses Commission (ICPC) on Thursday said it has uncovered two additional sham government bodies linked to a self‑styled Director-General Adeniyi Matthew Adeyemi who operated a fake agency under the presidency. Dr. Musa Adamu Aliyu, chairman of the ICPC disclosed this while briefing State House Correspondents after submitting an interim report to President Bola Tinubu at the Presidential Villa, Abuja. Following public outcry of the alarming revelation on the existence of the fake agency, President Tinubu had ordered the ICPC to carryout full investigation of the matter, giving the agency 30 days, which expires…
The Central Bank of Nigeria (CBN) on Thursday reiterated its pledge to safeguard monetary and financial stability, signaling it will persist with measures designed to rein in inflation, steady prices and underpin sustainable growth. The declaration followed a one-day stakeholders’ fair in Bauchi intended to broaden financial inclusion, raise public understanding of the bank’s functions and gather feedback on its policies and services. In a statement, the apex bank said its actions remain focused on preserving macroeconomic balance while supporting the broader economy. The bank’s Acting Director of Corporate Communications and Investor Relations, Hakama Sidi‑Ali, speaking through the CBN’s Bauchi…
President Bola Tinubu on Thursday ordered the Economic and Financial Crimes Commission (EFCC) to ask a court to lift an order that froze the bank accounts of the Osun State government, saying the timing of the anti-graft action risked creating the impression of federal interference in an approaching state election. In a statement which he personally signed, President Tinubu said he was “deeply embarrassed” not by the EFCC’s exercise of its statutory mandate but by when the agency secured the injunction—on August 5, 2026. He said the actions by the EFCC and any other federal agency are often attributed to…
The Minister of Solid Minerals Development has urged calm after an earth tremor rattled parts of the Federal Capital Territory, saying initial readings indicate no danger to life or property. The Nigerian Geological Survey Agency recorded the tremor at 11:23:27 a.m. on August 4 at its Seismic Monitoring Station in Utako, the agency said. The event, measured as originating about 1 kilometer below ground and propagating roughly four kilometers in five seconds, was characterized as a light surface tremor equivalent to I–II on the Mercalli scale, which the agency said typically causes shaking and alarm but not structural damage. Alake…
President Bola Tinubu on Wednesday hailed the rescue of 308 persons abducted in separate attacks across Kwara and Niger States. The President has called the operation a demonstration of improving security coordination under his administration. A statement by the Special Adviser to the President on Information and Strategy Bayo Onanuga said 163 of the freed were taken from Woro community in Kaiama Local Government Area of Kwara State, while 145 were abducted in Niger State. According to Onanuga, the victims were recovered from the Kainji Lake National Park forest in New Bussa, Niger State, after an intelligence-driven operation led by…
The Presidency on Wednesday declared that President Bola Tinubu’s economic reforms have significantly support s in lifting corporate earnings in the first half of 2026. Special Adviser on Information and Strategy Bayo Onanuga in a statement said the presidency bold interventions including currency unification, energy-sector approvals and fiscal adjustments were key drivers of stronger results on the Nigerian Exchange. The presidential spokesman credited the administration’s 2023 decision to unify the foreign‑exchange market with improving price discovery and allowing companies with significant dollar exposure to translate foreign revenue into naira more accurately. He said export-oriented oil and gas firms such as…
A senior lawyer at Baze University, Abuja, Barrister Saifuddeen Coomassie on Monday praised President Bola Tinubu as a selfless reformer, arguing that the President is more interested in enacting long-term changes to secure Nigeria’s future than in clinging to power. Coomassie, who has stood as a staunch defender of President Tinubu’s sweeping economic reforms, insisted the measures lay bare a leader driven by a relentless, long-range vision for the nation—willing to risk short-term unpopularity and partisan convenience to secure the country’s future rather than his own political fortune. The UK-trained lawyer and academic told reporters in Abuja that President Tinubu’s…
Governor of Kaduna State Uba Sani on Tuesday said the 2027 presidential election was effectively settled, predicting that President Bola Tinubu will capture at least 95 percent of votes from the North. Speaking at the inauguration of a 122‑kilometre road linking Kaduna and Birnin Gwari, Governor Sani described the endorsement as a response to what he called sustained federal investment in the State. He pointed to a slate of national projects, including work on a Western Bypass and a planned restart of construction on an Eastern Bypass, as evidence of Kaduna’s elevated status under President Tinubu’s administration. “We have to…
President Bola Tinubu on Tuesday approved an upward review of 80, 50, and 30 percent respectively for personnel of the Armed Forces. Bayo Onanuga Special Adviser on Information and Strategy to the President in a statement said decision will lead to increase in the service personnel wage bill from about N660 billion to N924 billion a year. The adjustment, effective September 1, will cover roughly 250,000 military personnel, the statement said. Under the new scale, officers above the rank of colonel will receive a 30% increase; Brigadier and Generals will also receive a 30 percent rise; personnel from colonel down to…