The Senate Committee on Public Accounts has summoned former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, to explain an alleged ₦210 trillion flagged as unaccounted for in the company’s audit reports covering 2017 to 2023. Kyari was summoned alongside former Chief Financial Officer, Umar Ajia Isa, and former Group General Manager of National Petroleum Investment Management Services (NAPIMS), Bala Wunti. Chairman of the committee, Aliyu Wadada, issued the summons on Thursday after lawmakers reviewed the company’s audited financial statements. He said the former management team is expected to appear before the committee alongside…
Author: Abdallah el-Kurebe
Fridges are essential kitchen heroes, helping to keep our food fresh, save time, and prevent the risks of spoiled meals. But did you know that not everything should be chilled? While your milk might appreciate the cool temperatures, there are surprising foods that don’t belong in the fridge. Some of these items could even pose health risks when stored incorrectly. We’ve put together a list of foods you should avoid refrigerating—this knowledge could be a lifesaver! Potatoes When storing your spuds, keep them in a cool, dry spot in your kitchen (but not too cold! Whether you prefer them boiled,…
Nigeria’s stock market closed on a positive note on Wednesday as the benchmark index on the Nigerian Exchange Ltd (NGX) rose by 0.18 percent, driven by renewed investor interest in banking and financial services stocks. Data from the exchange showed that the All-Share Index (ASI) gained 343.9 points to close at 196,807.2 points, while market capitalisation climbed to about N126.3 trillion. The marginal gain reflects cautious optimism among investors as the market continues to trade close to the 200,000-point psychological mark. Trading activity, however, slowed compared to the previous session, with investors exchanging about 634 million shares during the day’s…
Airfares on key routes between Asia and Europe have skyrocketed by as much as 900%, with one-way tickets now fetching thousands of dollars, as travelers scramble for direct flights to dodge widespread closures of Middle Eastern transit hubs. The crisis, now in its fourth day, stems from US-Israeli strikes on Iran on February 28 that triggered retaliatory attacks, shutting civilian airspace over Iran, Iraq, Israel, Kuwait, Qatar, Syria, and Bahrain. Demand has flooded nonstop services from airlines like Singapore Airlines, Cathay Pacific, Thai Airways, and Air China, leaving economy seats sold out for days or weeks ahead. Thailand’s Civil Aviation…
Dangote Petroleum Refinery & Petrochemicals says it is strengthening its role as a stabilising force in Nigeria’s energy market amid disruptions in global refining operations triggered by tensions in the Middle East. The refinery reassured Nigerians that it remains committed to prioritising domestic supply as several refineries worldwide shut down or reduce output due to the ongoing conflict in the region. According to the company, the crisis has tightened global petroleum product availability, with some countries taking protective measures. China, for instance, has reportedly banned the export of gasoline and diesel, a move expected to worsen the global supply squeeze.…
Nigeria’s 36 state governments received a combined N551.77 billion as their share of Value Added Tax (VAT) revenue in January 2026, marking a sharp rise following the implementation of the Federal Government’s new tax sharing framework. Data presented by the Federation Account Allocation Committee (FAAC) showed that the amount represents a 30.4 percent increase compared with the N423.25 billion shared by states in December 2025. The increase comes as the country begins distribution under the newly introduced tax laws, which altered the VAT sharing formula among the three tiers of government. Under the revised arrangement, the Federal Government now receives…
A nutrition expert demonstrates healthy meal planning. New research shows Americans are more likely to trust food guidance when it is evidence-based, simple, and delivered by qualified professionals such as registered dietitians.
The Central Bank of Nigeria (CBN) has incorporated domestically refined gold, meeting London Bullion Market Association (LBMA) Good Delivery standards, into its foreign reserves, elevating total gold holdings to $3.5 billion. This move represents a key advancement in Nigeria’s reserve diversification efforts amid global economic uncertainties. Sourcing and responsible practices The gold was procured through the National Gold Purchase Programme (NGPP), managed by the Solid Minerals Development Fund (SMDF), engaging local miners across the country. The initiative adheres to strict responsible sourcing guidelines, including the Organisation for Economic Co-operation and Development (OECD) Due Diligence Guidelines and the World Gold Council’s…
Nigeria has emerged as Africa’s sprint champion in economic growth, hitting the $100 billion GDP milestone in a record 34 years since independence in 1960, according to new analysis of post-colonial economic trajectories. The data highlights how quickly select African nations scaled their economies to the nine-figure mark, measured from their independence dates. Angola follows closely, achieving the feat in 36 years by 2011 after breaking free from Portugal in 1975. Algeria took 43 years to reach it in 2005, post-1962 independence, while Morocco needed 52 years, crossing the threshold in 2008 from its 1956 liberation. Kenya joined the club…
Bauchi state government has announced plans to vaccinate 280,000 children aged five to 21 months against malaria as part of efforts to curb morbidity and mortality associated with the disease. The Executive Chairman of the , Dr. Rilwanu Muhammad, disclosed this during a stakeholders’ engagement meeting on the introduction of the malaria vaccine in the state. He commended the for selecting Bauchi among states in the second phase of the national malaria vaccine rollout, noting that the exercise will commence on Thursday, March 28, 2026. “Malaria remains a major public health challenge, contributing to miscarriages, anaemia, low birth weight and…