By Olaide Ajibola, JKNMedia Reporter NIGERIA’S SENATE has leveled serious accusations against state governors, alleging widespread misappropriation of funds allocated to local government councils. The Senate claims that the local government system, once envisioned as a pillar of grassroots democracy, is effectively dead in the country du...
By Joke Kujenya, JKNMedia Reporter EMIRATES AIRLINES announced on Thursday the resumption of its services to Nigeria, effective October 1, 2024, coinciding with Nigeria’s Independence Day anniversary. The airline will use its Boeing 777-300ER aircraft to operate a daily service between Lagos and Dubai. The suspension of Emirates’ Dubai-Lagos f...
By Jemimah Wellington, JKNMedia Reporter THE FEDERAL Government of Nigeria has announced an ambitious goal of generating 10,000 megawatts through the Sustainable Power and Irrigation Project for Nigeria (SPIN) in partnership with the World Bank. The project aims to maximize the use of existing storage facilities for both irrigation and hydropo...
By Joke Kujenya LABOUR UNIONS, encompassing the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC), abruptly exited the ongoing minimum wage negotiations with the Federal Government on Wednesday. This development followed the FG’s proposal of a new minimum wage of N48,000, an offer labour representatives derided as ‘ri...
By Olaide Ajibola, JKNMedia Reporter THE FEDERAL Executive Council (FEC) has given its nod to the establishment of a Special Purpose Vehicle (SPV) aimed at securing funds for the ambitious rollout of 90,000 kilometers of fiber optic cables nationwide. This expansive project, revealed by Bosun Tijani, Minister of Communications and Digital Econ...
By Olaide Ajibola, JKNMedia Reporter PRESIDENT BOLA Tinubu has applauded the diligent efforts of the expert team behind Nigeria’s Extended Continental Shelf Project during the reception of the report by the High-Powered Presidential Committee (HPPC) in Abuja. Led by Professor Larry Awosika and Surveyor Aliyu Omar, he noted that the committee h...
By Jemimah Wellington, JKNMedia Reporter OVERALL INFLATION rate has surged to 33.69% in April 2024, marking a notable increase from the 33.20% recorded in March of the same year, as disclosed by the National Bureau of Statistics (NBS). Released in Abuja on Wednesday, the NBS’s latest report on the consumer price index revealed this conce...
By Joke Kujenya PRESIDENT BOLA TINUBU, in a virtual inauguration of three landmark gas plants on Wednesday, reaffirmed his administration’s commitment to enhancing the energy sector’s investment climate. The projects, which include the expanded AHL Gas Processing Plant, the ANOH Gas Processing Plant, and the 23.3km ANOH to Obiafu-O...
By Jemimah Wellington, JKNMedia Reporter THE RIVERS State Executive Council has greenlit a monumental infrastructure endeavour, approving a substantial contract for the construction of the main Trans-Kalabari Road project, set to transform transportation in the region. Valued at a staggering N225.1 billion, the project’s approval came du...
By Joke Kujenya A FEDERAL Capital Territory High Court in Abuja granted bail to the former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, in the sum of N300 million on Wednesday. JKNewsMedia reports that this decision came following his arraignment on allegations related to the unlawful redesign of the naira notes. [&helli...
