Author: Vardiafrica

Minister of Labour and Employment, Muhammad Maigari Dingyadi, has said that the oil industry is too vital to Nigeria’s economy to be subjected to industrial unrest or corporate policies that threaten peace and stability. Dingyadi stated this in his opening remark at the commencement of a conciliation meeting convened by the Federal Government to end the nationwide strike declared by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) against the Dangote Group. The meeting, which commenced at about 5:15 p.m., was attended by the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, senior officials of the Ministry,…

The Department of State Service (DSS) has issued a one-week ultimatum to human rights activist, Omoyele Sowore, demanding the retraction of what it described as a “false, malicious, and inciting” social media post about President Bola Tinubu. In a letter dated September 7, the service accused the human rights activist of making criminal and derogatory remarks against the President in a post on X (formerly Twitter) on August 26. DSS warned that failure by Sowore to comply with its demands will force it to “explore all lawful means” to protect national security and public order. Sowore, a former presidential candidate…

The Speaker of the House of Representatives, Abbas Tajudeen, has expressed concerns over Nigeria’s rising debt profile, warning that the country has exceeded its statutory threshold and now faces a serious threat to fiscal sustainability. Speaking on Monday at the opening of the 11th Annual Conference and General Assembly of the West Africa Association of Public Accounts Committees (WAAPAC) at the National Assembly, Abuja, Abbas said Nigeria’s debt under President Bola Tinubu had reached “a critical point” and called for urgent reforms in borrowing practices and parliamentary oversight. He described the breach of the debt limit as “a signal of…

The Second Africa Climate Summit opened Monday in Addis Ababa with a call from leaders to move from rhetoric to action, casting Africa not as a victim of climate change but as a driver of solutions and the next global climate economy. Opening the summit, Ethiopian Prime Minister Abiy Ahmed urged partners to replace aid with investment. “Too often, Africa’s story at climate summits begins with what we lack: finance, technology, (and) time. Let us begin instead with what we have,” Abiy said, pointing to Africa’s young population, vast arable land, and the fastest-growing solar belt on Earth. He highlighted…

‎The Central Bank of Nigeria (CBN) has tied the prospect of lower lending rates to a continued decline in inflation, saying the Bank’s policy reforms are already restoring stability to the financial system. ‎Governor Olayemi Cardoso made this clear at the European Business Chamber (Eurocham Nigeria) C-Level Forum in Lagos on Saturday. Speaking during a fireside chat moderated by Andreas Voss, Chief Country Representative of Deutsche Bank Nigeria, he said inflation, though still high, is on a downward trend due to collective efforts. ‎In a statement on Sunday, he explained that as inflation continues to ease, interest rates are expected…

The Nigeria Customs Service Board (NCSB) has approved a de minimis threshold value for low-value consignment imported through express shipments or by passenger baggage. The decision, which takes effect on Monday, September 8, 2025, was reached at its 63rd regular meeting held on Tuesday, September 2, 2025, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. The board said that the approval aligns with the best global practices that aim to simplify clearance processes for low-value consignments, enhance trade facilitation, and provide clarity for e-commerce stakeholders and travellers. The de minimis threshold is the…

The Nigerian Civil Aviation Authority (NCAA) has announced that it will publicly name and shame airlines that consistently violate aviation regulations, especially in cases involving flight cancellations, prolonged delays, and neglect of passenger rights. The announcement was made on Monday via a statement posted on social media by the NCAA’s Head of Public Affairs, Michael Achimugu, who said the move is part of a renewed enforcement strategy directed by the Federal Government and the Minister of Aviation and Aerospace Development. Achimugu emphasized that airlines are legally required to provide hotel accommodation for passengers stranded between 10:00 p.m. and 4:00 a.m.…

The Socio-Economic Rights and Accountability Project (SERAP) has initiated a lawsuit against the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) concerning its proposal to increase the salaries of political and public office holders. This includes the President, Vice President, Governors, their deputies, and members of the National Assembly. Last month, the RMAFC Chairman, Mohammed Shehu, disclosed the commission’s proposal to increase, claiming that the salaries for these office holders are “paltry.” Shehu stated that President Bola Tinubu currently earns N1.5 million monthly, a figure he described as laughable for a nation of over 200 million people, adding that the amount…

Russia fired its biggest-ever aerial barrage at Ukraine early Sunday, killing four people and setting the seat of the Ukrainian government in Kyiv ablaze in an attack President Volodymyr Zelensky warned would prolong the war. The Sunday attack was the first to hit Ukraine’s cabinet of ministers, a sprawling government complex at the heart of Kyiv. An AFP reporter saw the roof of the building in flames and smoke billowing over the capital. Drone strikes also damaged several high-rise buildings in Kyiv, according to emergency services. Russia has shown no sign of halting its three-and-a-half-year invasion of Ukraine, pushing hardline demands for ending the war…

Morocco became the first African nation to qualify for the 2026 Fifa World Cup courtesy of a routine 5-0 win over 10-man Niger in Rabat. The Atlas Lions, who made history in reaching the semi-finals at Qatar 2022, knew that three points would be enough to progress from Group E with two games to spare after Tanzania could only draw 1-1 in Congo-Brazzaville earlier on Friday. Niger’s Abdoul-Latif Goumey was sent off for his second bookable offence in the 26th minute and Ismael Saibari converted Youssef Belammari’s cross to open the scoring three minutes later. Saibari doubled the lead before the break…