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Gabon’s Downstream Industry Sees String of New Investments Since the birth of Gabon’s petroleum sector, the country’s downstream industries have languished in the shadow of its more prolific upstream operations. Yet a slew of recent investments in refining, gas-to-power and associated infrastructure means that Gabon’s downstream industries are finally coming of age, with profound implications […]

Banks’ Liquidity Position Improves, Rates Decline Following improved liquidity in the financial system, borrowing activities of the Nigerian deposit banks in the Standing Lending Facility (SLF) of the Central Bank of Nigeria (CBN) have reduced drastically. The absence of liquidity pressures signifies banks will key into more business while meeting liquidity requirements. The apex bank’s […]

Zenith Bank Pays Shareholders N100.47bn Zenith Bank Plc has raised the bar with its skyrocketed dividend payment to shareholders following approval at its annual general meeting. At the 32nd annual meeting held virtually from the Civic Centre, Victoria Island, shareholders of the bank unanimously approved the proposed final dividend payment of N2.90 per share. This […]

Food Prices Soar in Nigeria – NBS The National Bureau of Statistics (NBS), said that prices of food items such as yam, beans and beef witnessed increases in March. This is contained in NBS Selected Food Prices Watch Report for March 2023 released in Abuja on Wednesday. The report said the average price of 1kg […]

FG Approves National Blockchain Policy The Federal Government on Wednesday in Abuja approved the implementation of the National Blockchain Policy for Nigeria. A blockchain is a decentralised, distributed and public digital ledger used to record transactions across many computers. Such records cannot be altered retroactively without the alteration of subsequent blocks and the consensus of […]

OBSCURE LEGAL FACTS BY AROME ABU In Nigeria, where a vehicle is detained following the commission of a traffic offence and the owner fails to reclaim it within 6 months, the seizing authority (Police, VIO, FRSC etc) may apply to the High Court for the forfeiture of, and eventual public auction of the vehicle. See […]

The Economic and Financial Crimes Commission (EFCC), and Independent Corrupt Practices and other related offences Commission (ICPC), have asked an Abuja Federal High Court to dismiss a suit by Minister of State for Labour, Festus Keyamo, seeking the probe and prosecution of former Vice President, Atiku Abubakar. In the suit filed on January 20, Keyamo […]

Attorney-General Abubakar Malami has filed a motion in court to extricate himself of any involvement in the tethering of Peoples Gazette’s website by the Buhari regime. Mr Malami said he was not carried along in the attack on the paper’s website, which began on January 26, 2021, barely four months after the paper commenced publication […]

Federal government yesterday insisted that its commitment to ameliorating the challenges encountered by Nigerians during the process of applying for , and obtaining the Nigerian passport by improving service delivery and streamlining of its operations has yielded tangible results. They explained that its stand and continuous call on citizens to assist in the reform process […]

The attorney-general of the federation and minister of justice, Mr Abubakar Malami, SAN, has withdrawn the N1.84 billion corruption charges filed against Nicholas Ashinze, a former military assistant to then National Security Adviser (NSA), Sambo Dasuki, and eight others. Malami withdrew the case at the Federal High Court in Abuja, immediately after taking over the […]

A 35-year-old suspected ritualist, Ifasoji Ayangbesan, has said his lawyer instructed him to source for the sum of N10 million to bribe the police in order to evade arrest. Ayangbesan who was accused of attempting to bribe policemen with N1 million to evade arrest over the alleged killing of one Adeyemi for a money ritual […]

A divorce-seeking woman identified as Temilade Raheed told a Mpo Grade A’ Customary Court in Ibadan, Oyo State that her husband, Adeboye Rasheed hates her for giving birth to three female children. According to Temilade in her testimony before the court, while seeking the dissolution of her marriage, urged the court to grant her application […]