Author: Vardiafrica

The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, has said Nigeria will be a net exporter of refined petroleum products by December this year, based on emerging indicators in the oil and gas sector. Kyari stated this on Monday at the National Assembly when economic stakeholders, including the Ministers of Finance, Wale Edun; Minister of Budget and National Planning, Atiku Bagudu; Minister of State Petroleum Resources (Oil), Heineken Lokpobiri; and the Governor of the Central Bank, Olayemi Cardoso, met with the Senate Committee on Finance led by Senator Sani Musa of Niger East. The emerging…

Donald Trump received a hero’s welcome Monday as he entered the Republican National Convention arena with a bandaged right ear in his first public appearance since being wounded in a weekend assassination attempt. Hours after winning the formal nomination to be the Republican presidential candidate and announcing right-wing Senator J.D. Vance as his running mate, Trump marched into Milwaukee’s Fiserv Forum flanked by aides and waved at supporters on the opening day of what is expected to be a triumphalist gathering. Trump, who is due to give a formal acceptance speech on Thursday, took his seat to the sound of…

Donald Trump on Monday named right-wing Ohio Senator J.D. Vance as his running mate in the US presidential election, rewarding a one-time harsh critic who became one of his most loyal supporters in Congress. Trump, 78, announced his pick on the first day of the Republican Party convention in Milwaukee, an extravaganza turbocharged by the attempted assassination of the former president. Seen as the standard-bearer for a new kind of populism that has come to the fore under Trump, 39-year-old Vance embraces the ex-president’s isolationist, anti-immigration America First movement. One of the least experienced VP picks in modern history, the…

Mohammed Idris, minister of information and national orientation, says an executive bill on the new minimum wage bill will be sent to the national assembly after President Bola Tinubu meets with organised labour on Thursday. On July 11, leaders of organised labour met with Tinubu at the presidential villa over the new minimum wage. Labour has insisted on a N250,000 minimum wage ahead of the meeting with the president. On June 3, the labour unions grounded the nation’s economy over the minimum wage dispute. The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) had proposed N494,000 as the new national minimum wage, citing inflation…

The Federal Government has allocated 20 trucks of rice to each 36 states of the Federation and the Federal Capital Territory (FCT), according to the Minister of Information and National Orientation, Mohammed Idris. “This is the first action the government is taking to alleviate the nation’s food crisis”, The minister said. Idris urged governors to ensure the most disadvantaged members of society receive the grains most effectively. He also said that the Tinubu administration was committed to ensuring that Nigerians have food. ”The Federal Executive Council (FEC) has asked the Presidential Committee on Compressed Natural Gas (CNG) to expedite action…

The Federal Government has secured an agreement with the United Arab Emirates (UAE), permitting Nigerian passport holders to obtain visas for travel to the UAE starting today, July 15, 2024. According to a monitored report from Channels TV, this announcement was disclosed by the Minister of Information, Mohammed Idris, during a briefing with State House correspondents after the weekly Federal Executive Council (FEC) meeting held in Abuja on Monday, July 15, 2024. This development follows the Federal Minister of Aviation and Aerospace Development, Festus Keyamo’s, statement in June that the UAE would soon lift the visa ban on Nigerian travellers. …

The Kano State High Court has issued a perpetual restraining order against the Emir of Kano Aminu Ado-Bayero, and four other emirs from Rano, Gaya, Bichi, and Karaye, preventing them from parading themselves as emirs. The case, brought forth by the Attorney General of Kano State, the Speaker of the Kano State House of Assembly, and the Kano State House of Assembly, sought to restrain Aminu Ado-Bayero and the four other dethroned emirs. The motion ex-parte was filed on May 27 by their counsel, Ibrahim Isah-Wangida Esq. Delivering the judgment, Justice Amina Adamu-Aliyu affirmed the legislative powers of the Kano…

Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024, according to the latest data from the National Bureau of State Statistics (NBS). This is an increase of 0.24% points when compared to the inflation figure for May 2024 released by the NBS. “In June 2024, the headline inflation rate increased to 34.19% relative to the May 2024 headline inflation rate which was 33.95%. Looking at the movement, the June 2024 headline inflation rate showed an increase of 0.24% points when compared to the May 2024 headline inflation rate,” the NBS said in its Consumer Price…

The Martin Amaewhule-led House of Assembly has shut down all expenditures of the Rivers State governor until Governor Siminalayi Fubara presents his budget before the House. This follows a seven-day ultimatum the lawmakers gave the governor to present his budget before the House. The Leader of the House Major Jack raised the motion informing the House about the expiration of the seven-day ultimatum given to the governor to present the 2024 budget before the House. After deliberation, the House voted to shut down the Rivers State Consolidated Revenue Account thus preventing Governor Fubara’s administration from spending any money on behalf…

The Inspector General of Police, Kayode Egbetokun has ordered the suspension of the proposed enforcement process on the Electronic Central Motor Registry Registration Process (e-CMR).  The process was initially scheduled to commence on the 29th of July, 2024. In a statement by the Force Public Relations Officer, Muyiwa Adejobi, the relaxation of enforcement is to allow for massive enlightenment to highlight the benefits and effectiveness of the e-CMR initiative, which is designed to ensure the safety and security of all types of vehicles, including motorcycles by collating data imputed into the system by vehicle owners, and acting on such to…