Author: Vardiafrica

The Senate Tuesday through its Committee on Public Accounts, gave the Nigerian National Petroleum Company ( NNPCL), three weeks to respond to queries raised against it in the audit reports of 2017 to 2023, alleging unaccountability of N210trillion .This is as the committee chaired by Senator Ahmed Wadada Aliyu ( Nasarawa West) , insisted that the amount in question , was neither stolen or missing but yet to be accounted for. The three weeks window for explanations was given to the Group Chief Executive Officer of NNPCL , Engineer Bayo Ojulari after accepting his apology for past failed appearances before…

The Corporate Affairs Commission (CAC) has announced plans to delist over 100,000 dormant companies from Nigeria’s official register, citing prolonged inactivity and failure to comply with statutory obligations outlined in the Companies and Allied Matters Act (CAMA) 2020. The regulatory crackdown forms part of CAC’s broader initiative to clean up the national corporate database, promote accountability in business operations, and align Nigeria’s compliance framework with global anti-money laundering and corporate transparency standards. In a public notice released this week, the Commission revealed that the targeted companies have either been inactive for 10 years or more, failed to file annual returns,…

The Federal Ministry of Art, Culture, Tourism, and the Creative Economy has announced a partnership with The Fashion Academy, Abuja, to launch a designer training programme under the Creative Leap Acceleration Program (CLAP). The initiative, unveiled on Monday, is aimed at empowering emerging designers, tailors, and creative entrepreneurs with technical and business skills to thrive in Nigeria’s expanding fashion industry. According to the ministry, the programme will provide training in two major areas: Pattern Making & Professional Sewing Techniques, and Fashion Business & Branding. Participants will receive hands-on training, mentorship, and business development support designed to help them grow their…

Appeal Court Rules FRSC Lacks Power To Seize Drivers’ Licences, Vehicles Without Legal Grounds, Awards N10Million To Nigerian Motorist In Appeal No: CA/OW/199/2022, between the Federal Road Safety Commission (FRSC), the Corps Marshal, and an FRSC officer identified by Uniform No. COSS 35 (1st to 3rd Appellants) and Mr. Shebbs Emmanuel Ugochukwu (Respondent), the Court of Appeal upheld the lower court’s ruling that the seizure of a driver’s licence, vehicle, or related documents without lawful justification constitutes a violation of fundamental human rights. The Imo State Division of the Nigerian Court of Appeal in Owerri has ruled in favour of…

President Bola Tinubu has conferred national honours on all members of the Super Falcons squad for winning the Women’s Africa Cup of Nations (WAFCON). The president also pledged the equivalent of $100,000 in naira to each of the 24 players and an additional $50,000 to members of the technical crew. Each player and official in the team will also be getting a three-bedroom apartment in the Renewed Hope Estate in the Federal Capital Territory. The Super Falcons won Nigeria’s 10th WAFCON title on Saturday in Morocco. The team came from two goals down to defeat the host country 3-2 in the final…

The Rivers State Independent Electoral Commission (RSIEC) has fixed August 30, 2025, for the conduct of local government elections in the state. Michael Odey, chairman of RSIEC, announced the new date on Monday during a stakeholders’ meeting held at the commission’s headquarters in Port Harcourt. The meeting also featured the unveiling of a revised timetable and guidelines for the polls. Odey explained that the election had to be rescheduled due to the state of emergency earlier declared in the state, which disrupted RSIEC’s initial preparations. He said the commission had reviewed the situation and decided to adjust the electoral calendar…

The federal government has mandated banks and financial institutions to begin reporting monthly transactions exceeding N25 million for individuals and N100 million for firms to the tax authorities. Under the new provisions of the Nigerian Tax Act, financial institutions are required to submit quarterly returns to the Federal Inland Revenue Service (FIRS). The agency will be renamed to the Nigeria Revenue Service (NRS) from January 2026, when the new tax system will take effect. “Every person who has an obligation to deduct and remit tax under this Act or any other Returns for tax legislation shall render monthly returns to the appropriate…

The Niger Delta Development Commission, NDDC, has celebrated 32 beneficiaries of its Post Graduate Scholarship Programme, who graduated with distinctions from Coventry University in the United Kingdom. The NDDC Managing Director, Dr Samuel Ogbuku, led a delegation of NDDC directors to join the students at their graduation ceremony in Coventry. In the team were the Directors of Education, Health, and Social Services, Dr. George Uzonwanne, Dr. Angela Awele Chukwudifu, and Deputy Director, Dr. Bomiegha Ehiokioya. Addressing the scholars at Coventry University, the NDDC Chief Executive Officer praised the scholars for being good ambassadors of the Niger Delta region, noting that no…

The Super Falcons of Nigeria have arrived in the country after winning the Women’s Africa Cup of Nations (WAFCON) in Morocco.  The team landed with the trophy at the Nnamdi Azikwe International Airport in Abuja around 2:10 pm on Monday. On Saturday, the Falcons produced a dramatic 3-2 victory over Morocco to win the continental crown for the 1oth time. Jennifer Echegini scored the all-important winning goal as the Super Falcons of Nigeria came from two goals down to win the final. The Falcons are expected to have an open-bus parade around the capital city with the newly won trophy. The victory…

Vice-President Kashim Shettima says the federal government is deploying artificial intelligence (AI) and other modern technologies to strengthen the country’s food systems. Shettima spoke on Monday at the opening session of the United Nations Food Systems Summit Stocktake (UNFSS+4) in Addis Ababa, Ethiopia. The summit builds on the 2021 UN Food systems summit and the first stocktake in 2023, with a focus on accelerating sustainable, inclusive and resilient food systems. The vice-president noted that food and nutrition are now central to the national development plan 2021-2025 and the Nigeria agenda 2050. “Food insecurity is no longer a shadow lurking in…