President Bola Ahmed Tinubu has authorized the Nigerian National Petroleum Company (NNPC) Ltd to allocate the 2023 final dividends due to the federation towards covering the cost of the fuel subsidy. The president has additionally approved halting the 2024 interim dividend payments to the federation to enhance the oil company’s cash flow. Although Tinubu announced…
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted a comprehensive assessment detailing the anticipated financial ramifications of adopting a new national minimum wage to President Bola Ahmed Tinubu. The minister submitted the document on Thursday, June 6, two days after Tinubu issued the directive to present a proposed new minimum…
President Bola Tinubu will today commission the southern Parkway from the National Christian Centre to Ring Road 1, executed by the Federal Capital Territory Administration under the supervision of it Minister, Barr Nyesom Wike. Tinubu, who departed Lagos on Tuesday, is scheduled to commission a number of other projects in the nation’s capital as part…
The Federal Government under President Bola Ahmed Tinubu has said the Kano-Daura rail project will be completed by 2025. The Minister of Transportation, Said Alkali, gave the assurance on Friday in Abuja during a media chat following an inspection tour of the ongoing Kano-Maradi and Kaduna-Kano rail projects. According to the minister, the project is…
Former Vice President Atiku Abubakar, on Sunday accused President Bola Tinubu of hastily awarding the Lagos-Calabar coastal highway project to Chagoury Group, citing the involvement of Tinubu’s son, Seyi, in the company. According to a statement published by his Media Adviser, Paul Ibe, Atiku stated that Seyi served on the board of CDK Integrated Industries,…
President Bola Tinubu has approved the appointment of Mr. Jim Ovia, CFR, renowned banker and businessman, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). This is contained in a statement issued by Ajuri Ngelale, Special Adviser to the President on Media & Publicity, on Friday. Ngelale noted that the President…
President Bola Ahmed Tinubu will depart Abuja on Tuesday, April 2, 2024, for Dakar, Senegal, to attend the inauguration of Senegal’s President-elect, Bassirou Faye. This was disclosed in a statement by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, titled ‘President Tinubu to attend inauguration of Senegal’s President-elect Bassirou Faye.’ Tinubu, who is the…
The Federal government under President Bola Ahmed Tinubu has released a sum of N90 billion to subsidise the 2024 pilgrimage to the Kingdom of Saudi Arabia. Recall that the NAHCON had, in December last year, fixed a fare of N4.9 million per pilgrim based on the exchange rate of N897 to a dollar. In announcing…
President Bola Ahmed Tinubu has directed the Comptroller General of Customs (CGC),Bashir Adewale Adeniyi of the Nigerian customs service to return all seized grains to their owners for onward retailing in the Nigerian market. The CGC disclosed this during a stakeholder meeting at Kwangwalam, a border town in the Maiadua Local Government Area of Katsina…
Qatar has rejected a business and investment forum trip of President Bola Tinubu to the Arab country. The Embassy of the State of Qatar in Abuja stated this in a letter dated February 22 2024 and addressed to the Protocol Department of the Ministry of Foreign Affairs in Nigeria. The visit of the President to…
