Business Archives - Page 7 of 32 - Independent Digital News Network

₦58.4 Trillion 2026 Budget Passes Second Reading Without Debate in House

Nigeria’s House of Representatives passed the ₦58.4 trillion 2026 budget through second reading without debate, a rare legislative moment that raises questions about oversight, executive–legislative balance, and pre-2027 politics. While leaders cite macroeconomic gains, the silence on the floor is as consequential as the numbers themselves.

Zamfara Governor Dauda Lawal Receives Super Eagles Coach Eric Chelle for Sports Development Talks

Noble Onyeagoro5 months ago5 months ago0

Zamfara State Governor Dauda Lawal Dare met with Super Eagles head coach Eric Chelle on January 28, 2026, to discuss strategies for enhancing sports development in the state. The focus was on promoting youth participation in sports, with plans for a revamped sports complex and stadium nearing completion to serve as a hub for community and grassroots athletics.

UK Prosecutors Say Diezani Spent £2m at Harrods as Trial Continues

IDNN5 months ago5 months ago0

UK prosecutors have told a London court that former Nigerian oil minister Diezani Alison‑Madueke spent about £2m at luxury retailer Harrods, as proceedings in her corruption trial continued. The allegation forms part of a wider case examining the movement and use of funds prosecutors say were illicitly obtained.

FG Begins ₦4tn Power Sector Debt Settlement as Five GenCos Sign Agreements

IDNN5 months ago5 months ago0

The Federal Government has launched a ₦4 trillion power sector debt settlement programme, with five electricity generation companies signing agreements under a bond-backed framework. Officials say the move is aimed at clearing long-standing arrears, restoring liquidity across the market and unlocking fresh investment in Nigeria’s fragile electricity value chain.

Diezani Alison-Madueke Faces UK Trial Over Alleged Luxury Bribes

IDNN5 months ago5 months ago0

Former Nigerian petroleum minister Diezani Alison-Madueke is at the centre of a UK corruption trial alleging she accepted luxury bribes, including high-value properties and designer goods, in exchange for oil contracts. Prosecutors say the case exposes how global financial systems were used to move illicit wealth, reviving scrutiny of Nigeria’s oil-era corruption and cross-border accountability.

FCT Strike Fallout: Wike Confirms ₦12bn Salary Approval as NLC Warns Against ‘Scapegoating’

IDNN5 months ago5 months ago0

The fallout from the suspended FCT workers’ strike deepened on Tuesday after FCT Minister Nyesom Wike confirmed a ₦12bn salary approval, while the Nigeria Labour Congress warned against scapegoating officials. Labour leaders insisted the dispute stemmed from delayed implementation, as court-ordered mediation moves the parties back to negotiations.

JOHESU Strike: Why Health Workers Are Split Over Salary Structures

IDNN5 months ago5 months ago0

The ongoing JOHESU strike has exposed deep divisions within Nigeria’s health sector over salary structures, with the Nigerian Medical Association rejecting claims backed by NLC and TUC. At the centre of the dispute are longstanding differences between CONHESS and CONMESS pay frameworks, raising broader questions about equity, roles, and remuneration across public hospitals.

NAFDAC Explains Sachet Alcohol Ban, Clarifies Scope and Timeline

IDNN5 months ago5 months ago0

The National Agency for Food and Drug Administration and Control has clarified the rationale, scope and timeline of the sachet alcohol ban, amid widespread public confusion. The regulator stressed that the policy is driven by public health concerns and is being implemented in phases, with engagement ongoing to balance health priorities and economic realities.

National Grid Collapses Again, Second Time in Four Days

IDNN5 months ago5 months ago0

Nigeria’s national electricity grid has collapsed again, marking the second system failure in four days and renewing concerns over the fragility of the country’s power infrastructure. The incident triggered widespread outages across several states, raising questions about grid stability, operational resilience, and the pace of long-promised reforms in the electricity sector.

NULGE FCT Joins JUAC, Begins Indefinite Strike

IDNN5 months ago5 months ago0

The Nigeria Union of Local Government Employees in the Federal Capital Territory has joined the Joint Union Action Committee in an indefinite strike, escalating labour unrest within the FCT. The unions say the action follows unresolved disputes over workers’ welfare, outstanding entitlements and compliance with agreements, raising concerns over service delivery across local government councils.