News

Wednesday, 15 January 2025 04:35

Nigeria Customs Service reports N6.1trn revenue collection in 2024

The Nigeria Customs Service (NCS) has announced revenue collection of N6.1 trillion for 2024, surpassing its target by N1.026 trillion. Comptroller General Adewale Adeniyi revealed these figures during a press briefing in Abuja on Tuesday, highlighting a 90.4% increase from the N3.2 trillion collected in 2023. The collection was broken down into three main components: - Federation accounts: N3.6 trillion - Non-federation account levies: N816.9 billion - Value-added tax: N1.6 trillion Notably, these results were achieved despite the government granting N1.68 trillion in concessions to support various economic sectors throughout 2024. Building on this, the federal government has set an…

Tuesday, 14 January 2025 04:44

Discrepancies emerge in Nigeria’s oil production figures as OPEC and FG report differing numbers

Conflicting reports on Nigeria’s crude oil production for late 2024 have highlighted discrepancies between data from the Organisation of the Petroleum Exporting Countries (OPEC) and Nigeria’s own authorities. According to OPEC’s Monthly Oil Market Report (MOMR) for December 2024, Nigeria’s average daily oil production, including condensates, rose by 152,000 barrels per day (bpd) in November 2024. This marked an 11% increase, bringing total production from 1.333 million bpd in October to 1.486 million bpd in November. The data suggested a significant recovery in output, with a month-on-month increase of nearly one million barrels. However, figures from the Nigerian Upstream Petroleum…

Monday, 13 January 2025 04:45

Nigerian Air Force, again, mistakenly kills 20 civilians in Zamfara airstrike

At least 20 people, including members of a local vigilante group, were killed in a misdirected airstrike by the Nigerian Air Force (NAF) in Maradun Local Government Area of Zamfara State. The area is the hometown of the Minister of State for Defence, Bello Matawalle. The victims, members of the Zamfara Community Protection Guard, were reportedly struck on Saturday night, January 11, in Tungar Kara, a community where the Air Force and local defenders were responding to a terrorist attack. A local resident, Salisu Maradun, explained that vigilantes and other residents had mobilized to defend the community and recover stolen…

Sunday, 12 January 2025 04:50

Army chief Oluyede announces major leadership restructuring. Here’s who’s where

The Nigerian Army has undergone a significant leadership reorganization under Chief of Army Staff Lt. General Olufemi Oluyede, who has appointed new commanders across multiple divisions and departments to strengthen operational and administrative capabilities. Key appointments include Major General OT Olatoye as GOC 82 Division and Commander of Joint Task Force South East Operation Udoka, and Major General EF Oyinlola as GOC 3 Division and Commander of Operation Safe Haven. Major General GM Mutkut takes over as Force Commander of the Multi-National Joint Task Force in Njamena. The restructuring confirms several acting appointments, including Major General AGL Haruna as GOC…

Saturday, 11 January 2025 05:06

US returns $52.8m in stolen assets to Nigeria

The United States government has repatriated $52.88 million to Nigeria from assets linked to former Petroleum Minister Diezani Alison-Madueke and her associates. The agreement was signed Friday in Abuja between Nigeria's Justice Minister Lateef Fagbemi and US Ambassador Richard Mills Jr. The recovered funds will support two major initiatives: $50 million will fund rural electrification projects through the World Bank, while $2.88 million will support counter-terrorism training programs across Africa through the International Institute for Justice. The assets were seized as part of a larger corruption investigation involving Alison-Madueke and Nigerian businessmen Olajide Omokore and Kolawole Aluko. US authorities found…

Friday, 10 January 2025 04:35

Rebased Nigeria’s GDP to capture prostitution, illegal refinery, drug dealings, others – NBS

The National Bureau of Statistics (NBS) has announced that Nigeria’s rebased gross domestic product (GDP) will include data on illegal economic activities such as prostitution, drug dealing, operations of illegal refineries, etc. The updated GDP figures, scheduled for release by the end of January, aim to provide a more comprehensive picture of the nation’s economy by capturing both formal and informal sectors. Speaking during a sensitisation workshop on GDP and consumer price index (CPI) rebasing in Lagos, Moses Waniko, technical assistant to the statistician-general, explained that the exercise would reflect economic realities previously omitted from official records. “Illegal activities such…

Thursday, 09 January 2025 04:32

‘Yahoo boy’, ‘japa’, li18 other Nigerian streetngos make it into Oxford English Dictionary

The Oxford English Dictionary (OED) has expanded its collection with 20 Nigerian words and expressions in its latest update, reflecting the growing global influence of Nigerian English and Pidgin. Among the newly added entries are “japa,” “agbero,” “eba,” “419,” “abi,” “suya,” and “yahoo boy.” These words capture diverse aspects of Nigerian culture, daily life, and street slang, further cementing Nigeria’s unique contribution to the English language. “Japa,” for instance, is defined as the act of fleeing or emigrating, particularly in search of better opportunities abroad, and is listed as both a noun and a verb. Similarly, “agbero” refers to touts…

Thursday, 09 January 2025 04:31

JAMB reports N22bn revenue, N6bn remittance to FG in 2024

The Joint Admissions and Matriculation Board (JAMB) has reported generating N22 billion in revenue for 2024, with N6 billion remitted to the federal government, according to the board's weekly bulletin. The majority of the funds were allocated to operational costs, with over N18 billion spent on conducting the Unified Tertiary Matriculation Examinations (UTME), compensating service providers, and covering essential expenses. The board's financial breakdown reveals N2.1 billion in staff claims and a N3 billion subsidy program that provided N1,500 per UTME candidate for registration costs. This latest remittance continues a pattern of significant financial contributions to the federal government that…

Thursday, 09 January 2025 04:30

Chad’s govt claims foiled attempt to destabilize country

Chad’s government announced that security forces thwarted an attempt to destabilize the country on Wednesday evening following gunfire near the presidential office in the capital, N’Djamena. Military personnel swiftly blocked off surrounding streets, and officials assured citizens that the situation was under control. In a video recorded at the presidential headquarters, government spokesperson Abderaman Koulamallah described the incident as minor and said calm had been restored. “It was a little incident … everything is calm,” he stated in the footage shared on Facebook. “This whole attempt at destabilisation has been thwarted.” The events unfolded during an official visit by Chinese…

Wednesday, 08 January 2025 05:13

573,000 apply for 3,927 Customs jobs

The Nigeria Customs Service (NCS) has reported an overwhelming response to its 2024/2025 recruitment drive, with 573,519 applications received in just one week after the portal opened. This comes after Federal Government approval to hire 3,927 officers, as confirmed by Finance Minister Olawale Edun. NCS National Public Relations Officer Abdullahi Maiwada provided a detailed breakdown of the applications across different positions: For Superintendent Cadre: - General Duty: 249,218 applicants - Support Staff (requiring HND or university degree): 27,722 applicants For Inspector Cadre (requiring NCE or National Diploma): - General Duty: 115,634 applicants - Support Staff: 12,952 applicants For Customs Assistant…

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Tuesday, 07 January 2025 04:59

Auditor-General Report alleges N514bn misappropriation by NNPCL

Tuesday, 07 January 2025 04:58

Former CBN employees challenge mass layoffs in court, seek N30.5bn in damages

Former employees of the Central Bank of Nigeria (CBN) have initiated legal proceedings against the apex bank, challenging their dismissal in a series of mass terminations conducted in early 2024. The case, filed at the National Industrial Court of Nigeria (NICN) in Abuja, represents 33 claimants led by Stephen Gana. The Legal Challenge The dismissed employees contend that their termination letters, issued under "Reorganisational and Human Capital Restructuring" on April 5, 2024, violated: - Section 36 of the Nigerian Constitution - CBN Human Resources Policies and Procedures Manual (HRPPM) - Nigerian labour laws - Their contractual rights The claimants are…

Monday, 06 January 2025 05:03

FG plans quarantine for China passengers amid new virus outbreak

The Federal Government of Nigeria has announced enhanced surveillance measures for inbound passengers from China in response to a surge in Human Metapneumovirus (HMPV) cases reported in the Asian nation. The measures, which include potential quarantine protocols, aim to curb the spread of the respiratory virus. HMPV, which primarily affects children and individuals with weakened immune systems, has caused a wave of respiratory infections across northern China this winter. The outbreak has overwhelmed hospitals and sparked public concern, with social media showing images of overcrowded healthcare facilities. John Oladejo, Director of Special Duties at the Nigeria Centre for Disease Control…

Monday, 06 January 2025 05:01

WAEC introduces ‘fast track’ resit exams for candidates

The West African Examinations Council (WAEC) has launched a new initiative allowing students to resit their WASSCE papers as early as January and February 2025. This new system, known as WASSCE PC1, eliminates the long wait for the next private examination cycle and offers a faster path for students to improve their grades. Announcing the initiative on JoyNews’ AM Show in Ghana, WAEC’s Head of Public Affairs, John Kapi, explained that students who identify the need to resit specific papers after receiving their results now have until January 8, 2025, to register online via WAEC’s website or accredited internet cafés.…

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