Court Nullifies Ararume's Removal As NNPCL Chairman, Awards N5bn Against Buhari   Justice Inyang Ekwo of a Federal High Court in Abuja, yesterday, set aside the removal of Senator Ifeanyi Ararume as the Non-Executive Chairman of the Board of the Nigerian National Petroleum Company Limited (NNPC...

Fuel Subsidy: FG To Begin 40% Pay Rise For Workers By April Ending   Barring any last-minute change of plans, the Federal Government will begin payment of the planned increase in civil servants’ pay by the end of this month (April), The PUNCH can report. The President,...

Buhari Says Marginal Oilfields Sale Generated N203bn   President, Muhammadu Buhari says the Federal Government under his watch made over N203bn from the sale of petroleum prospecting licenses to 161 firms in its last marginal fields bid round. “We implemented a marginal fields bid round and saw...

World Bank Loan Of $800m To Be Repaid Over 25 Years By FG   The $800m loan approved by the World Bank as a subsidy palliative is expected to be repaid by the new administration after President Muhammadu Buhari regime. The Minister of Finance, Budget and National...

Debt Servicing Increase By 14.68% In 2022 – DMO   Nigeria’s debt servicing bill went up by 14.68 per cent to N3.36trn in 2022, data from the Debt Management Office has shown. According to DMO, N2.93tn was spent on external and domestic debt servicing payments in 2021. Recall...

JUST IN: Buhari Fires NIPC Boss, Umar   President Muhammadu Buhari, on Thursday evening, terminated the appointment of Hajiya Saratu Umar as the Executive Secretary/Chief Executive Officer of the Nigeria Investment Promotion Commission, with immediate effect. The Special Adviser to the President on Media and Publicity, Femi...