Author: statereporter
President Bola Tinubu may present the 2025 budget proposal approved by the Federal Executive Council (FEC) to the National Assembly today, Friday, 15th November. Recall the federal government has proposed the sum of ₦47.9 trillion as the budget for the 2025 fiscal year. The figure, which includes new borrowings of ₦9.22tn, was approved by the Federal Executive Council (FEC) during its meeting on Thursday at the Aso Rock Villa in Abuja. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this to State House correspondents after the FEC meeting presided over by President Tinubu on Thursday. Bagudu also disclosed…
Victor Osimhen scored a crucial second-half header to salvage a 1-1 draw for the Super Eagles against the Benin Republic in their 2025 Africa Cup of Nations (AFCON) qualifier on Thursday at the Stade Felix Houphouet-Boigny. Despite already qualifying for the tournament following Libya’s 1-0 victory over Rwanda, Nigeria fought hard to secure a point against a Benin side determined to boost their own chances for AFCON. Benin, managed by former Super Eagles coach Gernot Rohr, showed their intent early, pressing for the win they needed to improve their standing in Group D. The Super Eagles, led by the return…
The Nigeria Customs Service (NCS) has achieved a significant milestone, reaching its 2024 revenue generation target of N5.07 trillion, as announced by Comptroller General Bashir Adeniyi. The milestone was reached on November 12, 2024, with over a month still remaining in the fiscal year. Adeniyi disclosed the achievement during the Comptroller General of Customs’ Conference held in Abuja on Wednesday, highlighting the success as a result of strategic planning and enhanced collaboration. According to Adeniyi, the NCS collected precisely N5,079,455,088,194.38 by 13:10 hours on November 12, exceeding initial projections by 10 percent. “This exceptional performance—projected to exceed our target by…
The Nigerian National Petroleum Company (NNPC) Limited has appointed Adedapo Segun as its new Chief Financial Officer (CFO), marking a key addition to the company’s leadership team. In a statement released by NNPCL spokesperson Femo Soneye on Wednesday night and made available to Okay.ng, the company announced Segun’s elevation from his previous role as Executive Vice-President (EVP) of Downstream Operations, where he contributed significantly to the company’s success. NNPC also named Isiyaku Abdullahi as Segun’s successor in the downstream arm, and appointed Udobong Ntia as the new EVP of Upstream Operations. The company emphasized that these appointments reflect its commitment…
The Economic and Financial Crimes Commission (EFCC) has barred former Delta State Governor, Dr. Ifeanyi Okowa, from leaving the country following the seizure of his passport as part of his bail conditions. Okowa, who was reportedly detained by the EFCC last week over allegations of diverting N1.3 trillion in public funds, was granted administrative bail on Sunday. The EFCC had allegedly summoned Okowa to its Port Harcourt office last Monday, where he was detained in connection with funds earmarked for oil-producing states under the 13 per cent derivation allocation. The funds said to have been misappropriated between 2015 and 2023…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a planned reduction of ₦50 per litre in the price of Premium Motor Spirit (Petrol) for consumers. This development follows a new agreement between IPMAN and Dangote Refinery, as confirmed by IPMAN’s National President, Abubakar Maigandi, during an interview with Channels Television on Tuesday. Maigandi, while speaking on Channels TV, disclosed that Dangote Refinery has set a price template of ₦940 per litre for depot purchases and ₦990 per litre for truck purchases for IPMAN members, a move expected to bring down petrol prices across the country. Maigandi explained that…
Google has launched its latest broad core algorithm update for November 2024, as part of its ongoing efforts to refine search quality and deliver more relevant results. The update, which was announced on Google’s official X (formerly Twitter) account, aims to reassess and improve the way content is evaluated and ranked across all regions and languages. “Today we released the November 2024 core update. We’ll add it to our ranking release history page in the near future and update when the rollout is complete,” Google stated. Broad core updates, unlike targeted algorithm adjustments, affect search rankings globally, with potential impacts…
Justin Welby, the Archbishop of Canterbury, has announced his resignation following the release of the Makin Review, which revealed severe shortcomings by the Church of England in handling historic abuse allegations involving the late John Smyth. In a heartfelt statement on Tuesday, Welby expressed deep regret over the church’s prolonged inaction and apologized for the pain inflicted on survivors. State reporters informed that the Makin Review exposed a “conspiracy of silence” within the church regarding Smyth’s abuses. Welby acknowledged that he had initially believed in 2013, upon learning of the allegations and police notification, that appropriate actions would follow. “It…
The Nigeria Deposit Insurance Corporation (NDIC) has announced that the sale of assets belonging to the defunct Heritage Bank Plc will commence on December 4, 2024. In a statement issued on Sunday, Bashir Nuhu, NDIC’s Director of Communication and Public Affairs, disclosed that the corporation has initiated the process to sell off the bank’s landed properties. Nuhu noted that the asset sale is in line with NDIC’s statutory role as the liquidator of failed banks, as stipulated under Section 62 (1)(d) of the NDIC Act, 2023. The goal of the liquidation process is to ensure the timely payment of dividends…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has successfully reached an agreement with Dangote Refinery to lift petroleum products directly, ensuring a steady and affordable supply across the country. In a briefing held in Abuja, IPMAN President Abubakar Garima highlighted that the agreement will bolster partnerships between the association and Dangote Refinery, enabling a more reliable distribution of products at affordable prices. Garima urged IPMAN members to support this new collaboration, emphasizing its potential to contribute to Nigeria’s economic growth. “After meeting with Aliko Dangote and his management team in Lagos, we are pleased to announce that Dangote Refinery…