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The Federal Government has paid N333 billion to clear verified legacy debts owed to eight electricity generation companies. The cash disbursement covers 17 individual power plants across the country under the Presidential Power Sector Financial Reforms Programme. State administrators finalized the payout to relieve severe illiquidity across the domestic power value chain. The transaction completes…
The Nigeria Revenue Service has given large companies until 31 July to adopt electronic invoicing fully. Failure to integrate with the new digital platform carries steep financial and operational penalties. Taxpayers with annual revenues above N5 billion must route all transaction invoices through the state system. The directive cements a sweeping tax modernisation effort launched…
The federal government has filed a ten-count criminal charge against three men accused of kidnapping schoolchildren and teachers in Oyo State. The prosecution filed the case at the Federal High Court in Abuja following a sweeping counter-terrorism investigation. The state accuses the defendants of terrorism, kidnapping, concealment, incitement, and running illegal mining operations. Department of…
A combined force of military and police personnel has rescued four school kidnapping victims in Kogi State. The rescue occurred just hours after their abductors demanded a ten-million-naira ransom. The victims include the principal of Government Secondary School, Olowa, a National Examinations Council official, and two female candidates. Gunmen had snatched them on Tuesday evening…
The Senate Public Accounts Committee has ordered the external auditors of the Nigerian National Petroleum Company Limited to explain over 210 trillion Naira in unreconciled accounts. Lawmakers gave the independent audit firms exactly seven days to defend the financial statements they certified. The sheer scale of the unexplained figures threatens to overshadow the state oil…
President Bola Tinubu has declared that the state will bring the perpetrators of the Oriire school abductions to full justice following a successful military extraction. In an official briefing from Abuja, the president confirmed that a joint security operation successfully neutralised several terrorists and apprehended eight suspects. The tactical raid ended a tense 56-day captivity…
The Federal High Court in Abuja has dismissed a legal challenge by Air Peace Limited, ruling that the consumer protection agency has the explicit right to investigate airline ticket pricing. Justice Binta Nyako declared that the Federal Competition and Consumer Protection Commission acted squarely within its legal mandate when it demanded internal pricing data from…
A joint security operation in Zamfara State has rescued an electoral officer and recovered hundreds of rustled cattle following a series of fierce gun battles with armed bandits. Combined teams of police operatives and military personnel coordinated across three local government areas to suppress the latest insurgent incursions. The successful interventions offer a rare tactical…
A Federal High Court in Abuja has ordered the remand of Bello Bodejo, the national president of Miyetti Allah Kauta Hore. The Economic and Financial Crimes Commission arraigned the pastoralist leader on a 12-count charge involving money laundering and terrorism financing. The anti-graft agency accuses Bodejo of illegally receiving $ 2.63 million in cash. Justice…
Independent domestic fuel dealers are pushing for a full restoration of their direct importation rights, claiming they can lower pump prices below N800 per litre. Abubakar Maigandi, the national president of the Independent Petroleum Marketers Association of Nigeria, announced the target following an emergency meeting with state energy officials. The bold prediction reflects a growing…
