FG Denies Responsibility for Petrol Price Hike
Federal Government says it is not responsible for the recent hike in the pump price of petrol, as it can no longer fix prices of petroleum products. The Nigerian National Petroleum Company Limited had raised the pump price of petrol to over N1,000 across regions in the country, except for Lagos which is N998. Reacting […]
Federal Government Begins New Minimum Wage Payment
Civil servants under the federal government payroll will start receiving the new N70,000 minimum wage payment from yesterday, September 26. Spokesperson of the Office of the Accountant-General of the Federation, Bawa Mokwa, who stated this to journalists in an interview however did not state if the minimum wage would be paid alongside its arrears. This comes days after the Chairman, National Salaries, Incomes and Wages Commission, Ekpo Nta, confirmed that the government has approved the upward review of consolidated public service salary structure.
Nigerian Solicits Support From Finland
Nigeria has solicited the support of Finland in its pursuit of a permanent seat at the United Nations (UN) Security Council. Vice President, Kashim Shettima, who appealed for Finland’s support said Nigeria remains a super force in Africa and would do all within its reach to close cultural links and ties in the effort to reunite the Economic Community of West African States (ECOWAS) and further leave no stone unturned in the quest to stabilise Africa. Nigeria has already indicated interest in the UN’s Security Council seat following calls for reforms and expansion of the Council by some UN member countries. On his part, Finland President Alexander Stubb, expressed total support for the expansion and reconstruction of the UN Security Council, saying the dictates and dynamics of the modern world demand such change. In a related development at the meeting between Vice President Shettima and the African Union Chairperson, Moussa Faki Mahamat, VP Shettima stressed the need for consolidation of democracy as well as peaceful collaborations.
Police IG reads Riot Act ahead of Edo election
Ahead of the Edo State governorship election slated for September 21, 2024, the Inspector-General of Police (IGP), Kayode Egbetokun, has issued a stern warning to political actors, supporters, and voters, to play by the rules or face the full wrath of the law. Speaking at the Election Stakeholders’ Meeting in Benin City, Edo on Wednesday, Egbetokun revealed […]
VAT Remains 7.5% Reports Financial Minister
Nigeria’s value-added Tax rate remains 7.5 per cent and not 10 per cent, as suggested in some reports making the round. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, gave the clarification in a statement yesterday, saying neither the Federal Government nor any of its agencies will act contrary to what the laws stipulate. Addressing concerns over government actions perceived as burdensome, Edun reassured Nigerians that fiscal policies are designed to promote sustainable economic growth and alleviate poverty, not to hinder them.
FG Exempts Varsities’ Research Grants From TSA
President Bola Tinubu has approved the exclusion of third-party research grant funds of federal universities and research institutions from the Treasury Single Account. This is contained in a letter signed by the Acting Executive Secretary, National Universities Commission, Chris Maiyaki, to Vice Chancellors. Already, the Minister of Education, Prof. Tahir Mamman, has conveyed this directive to the Minister of Finance, Wale Edun, mandating the exemption, which grants universities and research institutions the autonomy to operate their endowment fund accounts in commercial banks.
Nigerian Gamers to Compete for $1 Million Prize
Omniverse Africa is excited to reveal that UEL Esports Inc., Unanimous Games and Game Evolution Esports will be premier partners for the Gaming Center at Omniverse 2025. This significant partnership will play a crucial role in delivering an exceptional gaming experience, highlighting Omniverse Africa’s dedication to innovation and excellence within the digital and creative ecosystems. UEL Esports Inc., renowned for its one of a kind, multi genre gaming league, cutting-edge advancement and visionary contributions, will be integral in shaping the Gaming Center, promising an immersive and dynamic environment for all attendees. Additionally, Game Evolution will serve as the gaming ecosystem and delivery partner for the center, ensuring top-tier experiences and seamless execution. In a major highlight of this collaboration, an exhilarating gaming tournament will be featured at the Gaming Center. This tournament, expected to be a central attraction of Omniverse 2025, will offer participants the chance to compete for a staggering prize pool of up to $1 million. Nigerian gamers will have the opportunity to vie for these substantial rewards and gain invaluable experiences that could propel their gaming careers to new heights. Charles Emembolu, Co-convener of Omniverse Africa, commented: “We are thrilled to partner with UEL Esports Inc., and Game Evolution towards the Omniverse 2025. This collaboration aligns with our vision to create a transformative and engaging gaming environment. We are excited to witness the innovation and talent that will unfold through this partnership.” The Honorable Minister of Arts, Culture, and Creative Economy, Hannatu Musa-Musawa, stated, “Omniverse Africa has taken a bold step to position Nigeria as a global leader in gaming by launching this major league with partners from Nigeria and USA. The Ministry stands behind this vision, and we look forward to fostering partnerships that will strengthen our creative economy and provide new opportunities for our youth,” Briant Biggs, CEO of Unanimous Games, USA, added, “This partnership offers an exciting opportunity to inspire and empower gamers globally. Omniverse 2025 is the perfect platform for this mission.” Titus Walker, CEO of UEL Esports Inc., also stated that “Becoming the premier partner for the Gaming Center at Omniverse 2025 is a remarkable opportunity for UEL Esports Inc. We look forward to showcasing our latest innovations and contributing to an exceptional event that will set new standards in the global gaming industry.” Kunmi Adebimpe, Founder of Game Evolution Esports, commented: “As the gaming ecosystem and delivery partner for the Omniverse Africa Gaming Center, Game Evolution is committed to bringing unparalleled experiences to the forefront. We are excited to collaborate with Omniverse Africa, UEL Esports Inc. and Unanimous Games to elevate the gaming experience and provide a platform for gamers to shine, globally.” Omniverse Africa, Africa’s premium platform for integrating digital andcreative ecosystems across the continent, will host its annual summit in Lagos, Nigeria, in February. The synergy between UEL Esports Inc., Omniverse Africa, Unanimous Games and Game Evolution promises to make Omniverse 2025 an extraordinary event, celebrating talent and innovation in the gaming world. Stay tuned for more updates on the tournament and how to participate, collaborate, compete or partner. The Omniverse Africa Summit 2025 promises a thrilling experience for gamers and enthusiasts alike. Join us on this exciting journey as we push the boundaries of gaming in Africa and beyond.
Family of Late Taiwo Akinkunmi Forced to Proceed with Burial
The family of the designer of the Nigerian national flag, Taiwo Akinkunmi, has beenforced to proceed with his burial after a year-long wait for a promised state funeralthat never materialised. Akinkunmi, who died on September 4, 2023, at 87, was supposed to be honouredwith a state funeral by the Federal Government. However, his son, Akinwumi […]
Nigerians in for Tougher Times as Petrol rises to N855 per Litre
Nigerians are in for tougher times, following the price increase of petrol to N855per litre by filling stations belonging to the Nigerian National PetroleumCorporation Limited in Lagos. The price adjustment comes amid the ongoing fuel scarcity rocking the country,and days after the NNPC admitted that its capacity to supply petrol to localmarketers is threatened by […]
Military Arrests 71 for Crude Oil Theft in August
In a bid to eradicate crude oil theft in the country, the military high command has said that it is monitoring the Prosecution of culprits perpetrating crude oil theft just as it arrested 71 persons involved in crude oil theft in the month of August alone. The Director Defence Media Operations (DDMO) Maj. Gen. Edward […]