The Oyo State Government under Governor Seyi Makinde spent ₦683.7 million in 2025 to procure one Toyota Camry and one Toyota Hiace 10-seater bus, according to the state’s audited financial statements for the year ended December 31, 2025. The expenditure was recorded under a budget line for “Advertisement And Publicity Awareness For The Public,” with…
The chair of First HoldCo Plc, Femi Otedola, has increased his holding in the financial services group through recent direct and indirect share acquisitions, according to regulatory filings at the Nigerian Exchange. Mr Otedola procured 39.3 million shares at N31 per unit in his personal name, valuing the transaction at N1.2 billion, a corporate disclosure…
Starting in January 2026, the Nigerian government plans to introduce a new petrol consumption tax, which will alter the way citizens pay at the pump. Under this policy, Nigerians will now pay a 5% levy — roughly ₦500 for every ₦10,000 spent on petrol. According to officials, the move is part of efforts to push…
•Racketeering takes centre stage •Shortfall rises 53% to 6.47 million •200,000 meters already supplied – Minister’s aide By Ediri Ejoh AS Nigerians struggle with crippling power supply across the country, access to prepaid meter has taken the center stage as customers battle bottlenecks that force them to keep ‘night watch’ for portals to be opened and…
Foreign Institutional Investors (FIIs) turned net buyers on Tuesday after a gap of one month, buying domestic equities worth Rs 694.57 crore. The last time they had purchased Indian equities was on February 19 when they bought shares worth Rs 8,216 crore. The FIIs complemented the domestic institutional investors (DIIs) who purchased shares worth Rs…
A review of Borno State’s approved 2025 budget by SaharaReporters reveals that the Government House has allocated N1 billion for generator fuel in the upcoming fiscal year. This breaks down to approximately N83.3 million per month and N2.7 million daily, based on a 30-day month. Additionally, assuming fuel costs N1,000 per litre,…
Sister Wives stars Kody Brown and Robyn Brown bought a $2.1 million mansion in Flagstaff, Arizona. And some headlines suggest this house purchase is a violation of a court order. There’s even some outrageous talk he could go to jail over it. That’s all nonsense. We’ll explain why it’s hysteria. Kody and Robyn bought the…
The World Bank has ranked the Nigerian government as weak in terms of cutting wasteful expenditures. According to the World Bank’s Nigeria Development Update seen by SaharaReporters, the global financial institution said the current administration led by President Bola Tinubu must start “cutting wasteful expenditures that are not essential such as purchase of vehicles, external…
Major oil marketers are to begin the direct purchase of Premium Motor Spirit, popularly called petrol, from the Dangote Petroleum Refinery between Thursday and next week as the Nigerian National Petroleum Company Limited pulls out as sole off-taker of the product from the $20bn plant. Multiple sources from NNPC and the Major Energies Marketers Association…
Nigerian oil company, Oando Plc, has been shortlisted by the Trinidadian government as one of three final contenders to take over the country’s state-owned refinery, Petrotrin. The defunct company is a state-owned oil company in Trinidad and Tobago. The Trinidadian Finance Minister, Colm Imbert, disclosed this during a presentation of its national budget held on…
