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A lot of people have expressed outrage as the Federal Government begins to construct an entrance and exit road for the second Niger Bridge at the head of the old Niger Bridge. Drivers plying the old Niger Bridge raised the alarm on Wednesday that the new exit road constructed at Oko Junction would create more […]

Chief Ayo Adebanjo, the leader of Pan Yoruba socio-political organisation, Afenifere has said that the much talked about inauguration and transition of power on May 29th cannot be when there is no successor. Adebanjo told Daily Independent on Wednesday that as long as the court has not decided who won the February 25 presidential election, […]

*N449.9m For Devt Of Master Plan For 17 Airports Nationwide The Federal Executive Council (FEC) rose from its weekly meeting on Wednesday with the approval of N3.4 billion for the construction of second runway for Nnamdi Azikiwe International Airport in Abuja. Briefing newsmen at the end of the Council meeting, presidential spokesperson, Mallam Garba Shehu, […]

The FCT Minister, Mohammad Musa Bello, Wednesday ordered the reopening of Garki International Market, six days after it was shut over poor sanitation. FCT Administration officials led by the Senior Special Assistant to the FCT Minister on Monitoring Inspection and Enforcement, Ikharo Attah, certified and reopened the market after a painstaking inspection of its sanitary […]

The Central Bank of Nigeria (CBN) has debunked reports suggesting that the Bank Verification Number (BVN) issued by the Bank in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) expires after a 10-year period. The bank in a statement issued by Isa AbdulMumin, the Acting Director, Corporate Communications, on Wednesday, said contrary to these claims, […]

Operatives of the Economic and Financial Crimes Commission, Benin Zonal Commander, have arrested a 26-year-old man, Precious Ojo, who is also known as Obago, for suspected internet fraud in Oghara, Delta State. The commission disclosed that the arrest of the suspect following a petition received from a United States of America citizen, on his fraudulent […]

The Lagos State High Court sitting at the Tafawa Balewa Square (TBS) will on July 5 commence the trial of the leader of an Igbo community in Ajao Estate, Lagos, Eze Ndigbo Fredrick Nwajagu, for alleged terrorism. Justice Yetunde Adeaanya fixed the date on Tuesday, May 9, following Nwajago’s arraignment and “not guilty” plea to […]

The United Kingdom Supreme Court on Wednesday ruled in favour of British multinational oil and gas company, Shell, over a 2011 offshore oil spill. The apex court ruled that it was too late for Nigerian claimants to sue Shell subsidiaries over a 2011 offshore oil spill. The case was one of a series of legal […]

A High Court of the Federal Capital Territory(FCT), has restrained Chief Victor Oye from parading himself as the National Chairman of the All Progressives Grand Alliance(APGA). Justice Mohammed Madugu sitting in Bwari division of the court equally restrained Oye from holding any meetings or gatherings, be it NWC, NEC etc, Congresses or Convention in the […]

NGX Rises over Sustain Demand for Banking Stocks The equities segment of the Nigerian Exchange (NGX) traded marginally higher following bargain hunting in ETI which appreciated by 7.1% and FBNH share price surge of 2.2% and other financial services stocks. As a result, the All-Share Index advanced by 0.1% to 52,605.78 points while the year-to-date return […]Read More

Nigeria’s Export Proceed Rises by 40% to $5.6bn – Emefiele The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said that export proceeds repatriation into the country increased by 40 per cent from three billion dollars in 2021 to 5.6 billion dollars at the end of 2022. Emefiele said this at the […]

Fed Suggests Inflation Will Slow as US Banks Tighten Credit Condition The United States Federal Reserve’s banking report released Monday came in just as expected. Lenders tightened credit conditions in the first quarter and expect to continue doing so throughout the year, the Senior Loan Officer Opinion Survey showed. Demand for loans is weakening. That’s […]