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FG Debunks Religious Genocide Claims, Says Terrorists Target All Nigerians

The Federal Government has dismissed claims that terrorists in Nigeria are carrying out a systematic genocide against Christians, describing the allegations as false, divisive, and harmful. In a statement issued on Sunday, the Minister of Information and National Orientation, Mohammed Idris, said portraying Nigeria’s security challenges as a religiously targeted campaign grossly misrepresents the reality. […]

PENGASSAN Shuts Down Oil Sector Over Sack of 800 Workers

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday barricaded the Abuja headquarters of the Nigerian National Petroleum Company Limited (NNPCL), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as a nationwide strike commenced. Union members, protesting the alleged illegal dismissal of […]

Court Bars Utomi’s Shadow Government, Declares Move Unconstitutional

The Federal High Court in Abuja has barred Professor Pat Utomi from establishing a “shadow government” in Nigeria, declaring the move unconstitutional and void. Delivering judgment on Monday, Justice James Omotosho upheld the Department of State Services’ (DSS) argument that Utomi’s plan posed a threat to national peace and security. The judge ruled that nothing […]

FG Intervenes as TUC, PENGASSAN Clash with Dangote Refinery over Sack of Workers

The Federal Government has stepped into the escalating dispute between Dangote Petroleum Refinery and organised labour, following the alleged dismissal of workers for joining the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). The Trade Union Congress of Nigeria (TUC) had on Sunday demanded the immediate and unconditional reinstatement of the affected workers, […]

Too Good to Be True? SEC Flags Fake Celebrity-Endorsed Investments

The Securities and Exchange Commission (SEC) has warned Nigerians against the growing menace of Artificial Intelligence (AI)-driven investment scams, even as it announced the adoption of an advanced surveillance system to detect fraud in real time. In a statement issued on Sunday, the commission said fraudsters were increasingly targeting unsuspecting investors with false promises of […]

PENGASSAN Shuts Down Operations Nationwide over Dangote Refinery Sackings

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed its members across the country to withdraw their services following the dismissal of more than 800 Nigerian workers at the Dangote Refinery. The directive was announced in Abuja on Sunday by PENGASSAN’s General Secretary, Mr. Lumumba Okugbawa, after an emergency meeting of […]

Showdown: PENGASSAN, Dangote Refinery Row Over Threat to Halt Crude Supply

A major industrial dispute is brewing between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Petroleum Refinery, following a directive by the union to halt gas and crude oil supplies to the facility. In a letter signed by its General Secretary, Comrade Lumumba Okugbawa, on Friday, PENGASSAN accused the refinery’s […]

PenCom reviews capital base of pension operators, sets 2026 compliance deadline

The National Pension Commission (PenCom) has reviewed the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs) as part of efforts to enhance the financial stability of the pension industry. The directive was contained in a circular signed by Mr. Saleem Abdulrahman, Director of the Surveillance Department at PenCom. The review, […]

FG introduces progressive Capital Gains Tax to boost investor confidence

The Presidential Committee on Fiscal Policy and Tax Reforms has announced a new Capital Gains Tax (CGT) regime on shares, aimed at reducing business risks, bolstering investor confidence, and creating a fairer tax system. The committee’s chairman, Mr. Taiwo Oyedele, disclosed this during a virtual market engagement with the Nigerian Exchange Group (NGX) on capital […]

PENGASSAN Issues Ultimatum to Dangote Refinery over Sacked Nigerian Workers

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued an ultimatum to the management of Dangote Refinery, demanding the recall of more than 800 Nigerian workers allegedly dismissed and replaced with foreign nationals. The union, in a statement signed by its General Secretary, Mr. Lumumba Okugbawa, and released in Abuja on […]

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