admin

*Says APC Plot To Cause Truncate Judicial Process Will Fail The Labour Party (LP) has said that the fear of making it to Eagle Square for the swearing-in of the President-elect, Bola Tinubu was causing sleepless nights for the ruling All Progressives Congress (APC). It also pointed out that, the plot to truncate the Judicial […]

Shell Wins Case over Oil Spill in Nigeria Britain’s highest court ruled Wednesday it was too late for people in Nigeria’s Niger delta region to lodge pollution claims against energy company Shell PLC after a huge oil spill more than one decade ago. The Supreme Court said in a statement that its five judges “unanimously” […]

El-Rufai, Soludo, Sanusi Make Case for Subsidy Removal The Kaduna State Governor Malam Nasir El-Rufai and his Anambra counterpart, Prof. Charles Soludo, have urged the Federal Government to end the fuel subsidy regime which has negatively affected Nigeria’s economy. The governors made the call on Tuesday in Abuja during a panel session at the policy […]

Seplat Energy Pays Shareholder Special Dividend Mr Basil Omiyi, the Chairman of Board, Seplat Energy, said the company’s total revenue rose by 29.8 per cent to $951.8 million as at financial year ended Dec. 31, 2022. Omoyi said this during his address at the company’s 10th Annual General Meeting (AGM) held virtually on Wednesday with […]

EFCC Arrests ex-Power Minister over N22bn Fraud The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister of Power, Sale Mamman over alleged N22 billion fraud. Competent sources revealed that the former minister was arrested on Wednesday and detained at the EFCC headquarters, Abuja. The sources said that the arrest was in connection […]

NGX Falls by N216bn over Selloff in BUA Cement As the bears made a fresh appearance, the equities market lost N216 billion midweek due to a large selloff in BUA Cement, one of the Nigerian Exchange (NGX) trillion naira valuation gangs. Consequently, the All Share Index declined by 396.35 points or 0.75 per cent, to […]

Kaduna Generates N77.1bn IGR in 2022 The Kaduna State Government collected N77.1 billion as Internally Generated Revenue (IGR) in 2022, against the N88.5 billion budgeted The figure represents 87.1 per cent performance. This was announced in Kaduna on Wednesday at the presentation of Citizens Accountability Report (CAR) on the implementation of Kaduna State 2022 budget. […]

FG, IFAD Pledge to Scale Up ICT Projects for Food Security The Federal Government and the International Fund for Agriculture Development (IFAD), have reiterated commitment to scaling up Information Communications Technology for Development (ICT4D), to empower smallholder farmers. The programme will unlock potentials in the food systems and engender robust development in agriculture value chains […]

BVN Has No Expiry Date – CBN Says The Central Bank of Nigeria (CBN) said on Wednesday that the bank verification number (BVN) it issued to Nigerians has no expiry date. The apex said in a statement following reports suggesting that BVN issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) […]

FG to Pay N449.9m to Consultants to Develop Masterplan for Airports The Federal Executive Council (FEC) has approved N449.9 million for the engagement of consultants for the development of master plan for 17 airports in Nigeria. Garba Shehu, Senior Special Assistant to the President, Media and Publicity, briefed State House correspondents on Wednesday after the FEC […]

CRR Refund Boosts Liquidity as CBN Holds Auction Cash reserve refunds by the Central Bank (CBN) to Nigerian lenders boosted funding levels in the financial system, according to reports released by investment firms. Consequently, funding rates decline as deposit money banks play at the CBN standing lending facility reduced significantly. In April, local lenders borrowed […]

*Lists Edeoga’s Over-Voting Pus Contrary to allegations of over-voting in Owo and Ugbawka in Nkanu East Local Government Area in favour of the Peoples Democratic Party (PDP) in the Enugu 2023 governorship election, candidate of the party, Dr. Peter Mbah, has said arithmetical error by the Independent National Electoral Commission (INEC) deprived him of 1,072 […]