EFCC denies sharing N54bn Emefiele’s associates forfeited

The Economic and Financial Crimes Commission (EFCC) has debunked an online report alleging that N54 billion forfeited by some associates of former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele was “shared” among certain ministers and aides of President Bola Tinubu in collaboration with its officials. EFCC’s position is contained in a Wednesday … [Read more…]

FG Approves Upward Review of Nigerian Passport Fees [PRESS RELEASE] 

As part of its efforts to maintain the quality and integrity of the Nigerian Standard Passport, the Federal Government has approved an upward review of the fees for the Passport effective from 1st September, 2024. 2. Based on the review, 32-page Passport booklet with 5 year validity previously charged at Thirty-five Thousand Naira (N35,000.00) will … [Read more…]

Nigeria’s Curious Next Steps – Oseloka H. Obaze

Oseloka Henry Obaze

The art and practice of good governance and nation-building is not for the apathetic, shortsighted or presumptuous. Only focused, selfless, visionary, adaptive and transformative leaders end up being great leaders and nation builders. For sixty-four years, Nigerian leaders have respectively offered platitudinous intent to make Nigeria great, and to restructure it for greater equity and … [Read more…]

Fuel scarcity: NNPC reports N9.3trn petrol imports

The Nigerian National Petroleum Company Limited (NNPCL) has reported N9.3trn petrol imports amid fuel scarcity. NNPC revealed that the Federal Government incurred a substantial debt of ₦5.1 trillion in under-recovery and energy security costs related to fuel importation for the year 2023. According to NNPCL’s financial statement for the fiscal year ending December 31, 2023, … [Read more…]

APC Chieftain, Ezeh, Lauds Minister Nnaji’s One Year in Office

JUST-IN: Ezeh-Led Enugu APC Youths Call For Dialogue, Reject Protest, Say One Year Insufficient To Judge President Tinubu

The acting youth leader of the All Progressives Congress, Enugu State chapter, Comrade Chidiebere Ezeh has lauded the Minister of Innovation, Science and Technology, Chief. Uche Nnaji on the commemoration of his one year in office. In a statement issued by him and made available to PACESETTER, Ezeh praised Nnaji’s “leadership acumen and unwavering commitment … [Read more…]

NNPCL repays 60% of $1.036 billion loan taken to buy stake in Dangote Refinery

The Nigerian National Petroleum Company Limited (NNPCL) has successfully repaid 60% of a $1.036 billion loan that it took in September 2021 to finance the acquisition of a 20% stake in the Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise (DPRP FZE).  As of December 31, 2023, NNPC has repaid $625 million of the principal … [Read more…]

NAF airstrikes kill 5 terrorist commanders, 35 fighters in Borno

The Nigerian Air Force said on Wednesday that its fighter aircraft of Air Component Operation Hadin Kai successfully executed an air interdiction mission on August 16, 2024, in Arina, Southern Tumbuns, Borno State, killing top terrorist commanders Munzir Arika, Sani Dilla, and several others. Air Vice Marshal Edward Gabkwet, Director of Public Relations and Information, … [Read more…]

JUST-IN: Police gun down several kidnappers in Enugu

A police detective has stated that no fewer than 27 kidnappers, including members of the Auto Pilot, also known as Unknown Gunmen, a notorious breakaway faction of the proscribed Indigenous People of Biafra (IPOB) loyal to the Finland based Simon Ekpa, which terrorized Enugu and its environs has been gunned down in shoot-outs with security … [Read more…]

Abia PDP slams Kalu over ‘number 6 position’ statement, says it represents APC’s disregard for Igbo

The Peoples Democratic Party, PDP, Abia State chapter, has slammed the Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu over his statement that as the number six citizen in Nigeria’s political hierarchy, he will not allow another party to win his state in 2027. The party stated that Kalu’s number six position is … [Read more…]