Author: Vardiafrica

The Federal Government and the Central Bank of Nigeria have signed a Memorandum of Understanding to institutionalise coordination between fiscal and monetary authorities and strengthen Nigeria’s macroeconomic management framework. The agreement was signed in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and the CBN Governor, Olayemi Cardoso. The MoU provides a structured framework for regular consultation, information sharing and coordinated policy assessment between the Federal Ministry of Finance and the central bank. Under the framework, both institutions will strengthen collaboration on government cash management, debt issuance planning, liquidity forecasting, macroeconomic analysis and periodic…

The Managing Director of the Niger Delta Development Commission, NDDC, Dr Samuel Ogbuku, says the Commission will continue to invest in education, including building hostels, school facilities and equipment for educational institutions in the Niger Delta region. Ogbuku, who made this known during the World Literacy Day celebration in Port Harcourt, Rivers State, said it was important to keep empowering people in the region to become self-reliant and better prepared for sustainable livelihoods. The NDDC Chief Executive Officer, represented by the Director of Education, Dr Awele Chukwudifu, emphasised that education and literacy would equip people in the region to contribute…

French President Emmanuel Macron hosted President Bola Tinubu to a private dinner at the Élysée Palace in Paris on Thursday night, reaffirming Nigeria-France bilateral ties. The ‌⁠‍‍⁠⁠‌⁠‍‍⁠‍‍‌‌engagement reflected the enduring relationship between the two countries and their shared commitment to strengthening bilateral cooperation, according to the presidency. Presidential Spokesperson, Bayo Onanuga, disclosed this in a post on X on Friday. “French President Emmanuel Macron received President Bola Ahmed Tinubu for a private dinner Thursday night at the Élysée Palace, reflecting the enduring relationship between Nigeria and France and their shared commitment to strengthening bilateral cooperation,” Mr Onanuga said. The engagement…

The Minister of Interior, Olubunmi Tunji-Ojo, has ordered the immediate suspension of the Niger State Commandant of the Nigeria Security and Civil Defence Corps, Suberu Aniviye, following the deaths of over 30 suspected illegal miners in the state. The minister also ordered a full investigation into the incident, which reportedly occurred at the M.I. Wushishi/Lukoto axis of Minna, the state capital, in the early hours of Thursday. The suspension order was contained in a statement issued on Friday by the minister’s Special Adviser on Media and Publicity, Alao Babatunde. According to the statement, the suspected illegal miners were arrested during…

Federal government has set up a technical sub-committee to review the 2025 Tax Acts, tasking the body to search for possible implementation ambiguity, unintended consequences, where compliance can be simplified, and areas of improved investment and competitiveness. Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, who inaugurated the Technical Sub-committee on Fiscal Policy and Tax Reforms in Abuja, Thursday, said the exercise sought to review the implementation of existing fiscal and tax reforms and develop proposals that respond to current economic realities. Oyedele said the subcommittee will review key areas of the tax regime, such as…

The National Agency for Food and Drug Administration and Control, NAFDAC, has destroyed expired donated medicines valued at N59 million at the Igwuruta dumpsite along the Eneka-Igwuruta Road in Rivers State. NAFDAC said the medicines were brought into Nigeria from the United States through the Nigerian Ports Authority Area 1 Port in Port Harcourt, where they were intercepted by the agency’s inspectors working with officials of the Nigeria Customs Service. The expired products were contained in a 40-foot container and included antidepressants, anti-ulcer drugs, painkillers, hypertension medicines and medical consumables. Speaking during the destruction exercise on Sunday, NAFDAC Director for the…

The Nigeria Security and Civil Defence Corps has commenced an investigation into the deaths of some suspected illegal miners arrested during enforcement operations in Niger State. The suspects were arrested during coordinated operations conducted by the Niger State Command in the M.I. Wushishi/Lukoto axis on September 15 and 16, 2026, as part of efforts to curb illegal mining activities in the state. The development followed reports that no fewer than 33 suspected illegal miners were feared dead after being detained at an NSCDC facility in Minna. The deaths were reportedly discovered in the early hours of Thursday, with the Niger…

It was a celebration of literary culture and journalistic excellence at the Conference Centre of the Nigerian Content Tower (NCT), Swali, Yenagoa, on Tuesday, as leading lights of the Association of Nigerian Authors (ANA), Bayelsa State Chapter, their counterparts of the Nigerian Institute of Public Relations (NIPR) and Nigeria Union of Journalists (NUJ), as well as academics and university undergraduates converged for the 5th Edition of the Book Reading Programmme organised by the Nigerian Content Development and Monitoring Board (NCDMB). The event featured a veteran of the pen profession and strategic communication professional, Mr. Paul C. Nwabuikwu, and his 2025…

The federal government has suspended the implementation of the concession arrangement for Kings College, Lagos, with the old boys’ association of the school for two weeks. TheCable understands that the two-week suspension of the implementation was part of resolutions reached at the end of an emergency meeting held by Tunji Alausa, minister of education, with labour unions at the ministry on Wednesday. The parties at the meeting also agreed on the immediate suspension of all industrial action over the King’s College concession. It was also agreed that no staff would be victimised for participating in any industrial action over the…

The management of local airline Air Peace has described as “inaccurate” a flight delay report recently released by the Nigeria Civil Aviation Authority (NCAA). The Authority had in its August 2026 summary of domestic airline flight disruption operations said Air Peace recorded 1,330 delayed flights out of 1,864 flights operated during the month. The report, however, did not detail reasons for the delays. In a firm response, the local airline, in a statement signed by its Chief Operating Officer, Oluwatoyin Olajide, Air Peace claimed that the report contained fundamental data inaccuracies regarding its operational volume and mischaracterised the root causes…