ABUJA(Sundiata Post) – The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has decried the magnitude of stealing by corrupt elements in the country. He said anytime he checks case files and sees the amount stolen,…
ABUJA(Sundiata Post) – The currency in circulation (CIC) in the country has surged to N19.1 trillion over the past five months, despite the Monetary Policy Committee’s (MPC) tightening stance, according to recent data from the Central Bank…
ABUJA(Sundiata Post) – Chairman of the Dangote Group, Aliko Dangote, has criticised the Central Bank of Nigeria’s (CBN) decision to raise the interest rate to almost 30 percent. In a keynote address at the opening of a three-day National…
The Nigerian National Petroleum Company (NNPC) Limited has declared a state- of- emergency on crude oil and gas production in the country. The goals, according to the Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari, are to…
ABUJA(Sundiata Post) – Senate President Godswill Akpabio has called on Nigerians to rally around President Bola Tinubu for the success of his administration. Tinubu was sworn on last May but since his government’s stoppage of fuel subsidy…
ABUJA(Sundiata Post) – The House of Representatives has introduced a bill seeking to a create Etiti State, from the South East, with the capital at Lokponta. The proposed legislation, which is sponsored by by Amobi Ogah and four others was…
ABUJA(Sundiata Post) – President Bola Tinubu has approved a new withholding tax policy, replacing the old policy established in 1977. Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele announced this on…
ABUJA- The Organisation of the Petroleum Exporting Countries (OPEC) says energy demand will rise by an estimated 23 per cent by 2025. OPEC says the rise will be fueled by a world economy that is expected to double in size, growing from …
By Kayode Adebiyi According to World Bank Food Security report of June 3, 2024, domestic food price inflation remains high in low- and middle-income countries. The bank said inflation higher than 5 per cent is experienced in 59.1 per cent…
BAYELSA(Sundiata Post) – Sterling Oil Exploration and Energy Production Company Limited (SEEPCO) oil field has been shutdown by some aggrieved youths of the Ijaw Youths Council, IYC, and Onuebum community, in Ogbia Local Government Area of…
ABUJA(Sundiata Post) – The European Union, EU has confirmed that the Nigerian Federal Government has cleared an outstanding debt amounting to $850 million owed European airlines. The confirmation was given on Tuesday. Samuela Isopi, the EU…
The Central Bank of Nigeria (CBN), on Tuesday, vowed to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars. In a circular issued by the Ag. Director of Currency Operations…
ABUJA(Sundiata Post) – Petrol is selling at about N937 per litre in Jigawa State. This is according to the latest report of the National Bureau of Statistics (NBS). The report ‘Premium Motor Spirit (Petrol) Price Watch (May 2024)’, said on…
ABUJA(Sundiata Post) – The Federal Government of Nigeria has cleared a backlog of debts amounting to $850 million owed to European airlines. This development was announced by the European Union Ambassador to Nigeria and ECOWAS, Samuela…
The Supreme Court has sacked Micheal Onakoya as Orijeru of Igbooye land, Epe, Lagos. The court dismissed an appeal filed by the monarch who contested the decision of the Lagos Division of the Court of Appeal that confirmed his removal as…
A bill to alter the 1999 Constitution as amended to create Etiti state in the southeast scaled through the first reading in the House of Representatives on Tuesday, July 2. Sponsored by Hon. Amobi Ogah, Hon. Miriam Okinawa Onuoha, Hon.…
LAGOS(Sundiata Post) – The maid of the former Chief Executive Officer of Nigerian e-commerce giant, Konga, the late Nick Imudia (names withheld), has disclosed the last conversation she had with her boss before news of his death was…
ABUJA(Sundiata Post) – Following the breakdown of negotiations between the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC) and the Federal Government over the proposed minimum wage, available data has shown that 28 states may…
KADUNA(Sundiata Post) – The Federal Government has identified lack of access to affordable housing finance as one of the major causes of housing deficit in Nigeria, saying 80 per cent of the citizens cannot afford a mortgage as a measure…
Zamfara state governor, Dauda Lawal, has extended a warm reception to Dr. Maryam Ismaila Keshinro, the recently appointed Federal Permanent Secretary representing the state. Keshinro was among the eight new federal permanent secretaries…
ABUJA(Sundiata Post) – Ogranised Labour has been told to immediately mobilise and declare a nationwide strike over the minimum wage and the recent hike in electricity tariff. The call was made by the Campaign for Democratic and Workers’…
ABUJA(Sundiata Post) – Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has called on financial regulators in West Africa to tighten regulations of fintech and Non-Bank Financial Institutions (NBFIs) in a bid to ensure…
ABUJA(Sundiata Post) – The Federal Ministry of Works has announced the termination of contracts with three companies. The companies are – Mothercat Ltd, Dantata & Sawoe Construction Ltd, and RCC Ltd. FG said it terminated the contracts due…
By Doris Esa By most accounts and evidently, headline inflation is pushing food prices almost beyond the reach of average Nigerians. Data from the National Bureau of Statistics (NBS) indicates that food inflation rate in May 2024 increased…
State Government has rejected the proposed plan by the Transmission Company of Nigeria (TCN) and Benin Electricity Distribution Company (BEDC) to put the state in blackout for nine hours daily for two months effective from July 1. The…
KANO- Gov. Abba Yusuf of Kano State has directed the office of the state Attorney-General and Commissioner for Justice to block legal loopholes exploited by drug traffickers to escape justice. Yusuf spoke during a visit to the Kano Road…
NOTHING is wrong with President Bola Ahmed Tinubu. He is in robust health to the shock of those who were predicting that he was susceptible to not finishing the presidential race as it raged in 2023. Tinubu, I repeat, is fine. He cannot…
The Dauda Lawal-led Zamfara State Government has rejected the federal permanent secretary appointed by President Bola Ahmed Tinubu on Friday night. SundiataPost reports that Tinubu had on June 28 approved the appointment of Maryam Ismaila…
The Presidency has dismissed the claims of a non-profit organisation, BudgiT, that the administration of President Bola Tinubu, plans to run four budgets within a fiscal year. SundiataPost recalls that the Senate resumed plenary on…
ABUJA(Sundiata Post) – Nigeria’s number one man, President Bola Tinubu has signed an Executive Order to eliminate tariffs and taxes on imported pharmaceutical ingredients, with the aim to increase local production of healthcare products.…