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With a few days left to the commencement of the Presidential Election Petition Tribunal (PEPT) proceeding, Labour Party has raised the alarm over a plot by a breakaway faction of the party to scuttle its ongoing suit against the candidate of the All Progressives Congress (APC), Bola Tinubu. Acting National Publicity Secretary of the party, […]

The Police Service Commission (PSC) has approved the appointment of 12 Commissioners of Police to different State Commands across the Country. The new Commissioners of Police are; Mohammed Usaini Gumel posted to Kano State Command; Haruna Gabriel Garba; Federal Capital Territory, FCT Command Abuja; Tajudeen A. Abass, Delta Command; Oladimeji Yomi Olarewaju, Ogun Command; Taiwo […]

The Speaker of the Ondo State House of Assembly, Mr Bamidele Oloyelogun, on Tuesday, was arraigned before the state High Court, Akure, by the Economic and Financial Crimes Commission over alleged fraudulent practices. Oloyelogun was arraigned alongside the lawmaker representing the Akoko South-West Constituency 2, Mr Felemu Bankole, and a staff of the Assembly, Mr […]

Nigeria will get doses of the RTS, S/AS01 malaria vaccine by April 2024, Minister of Health, Dr. Osagie Ehanire, has assured. The Minister, who announced this on Tuesday during a briefing to commemorate World Malaria Day, said that the government has successfully submitted its application for the RTS,S vaccine allocation to GAVI. Ehanire, who was […]

A magistrate’s court in Abuja, on Tuesday, rescheduled the trial of a pastor of the House on the Rock Refuge Church, Uche Aigbe, who faces charges of illegal possession of firearms. The court adjourned the case until 2 May due to the absence of a defence lawyer, who had sent in a letter to request […]

Price of 5kg Cooking Gas Rises to N4,610.48 in March The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N4,600.57 recorded in February to N4,610.48 in March 2023. This is contained in the Bureau’s “Cooking Gas Price Watch’’ for March 2023 released on Monday in Abuja. The […]Read More

Transcorp Spikes to N100bn as Femi Otedola Buys More Shares Hope for capital gain beckons on shareholders with a flood of ecstasy in the stock market after billionaire Femi Otedola shows interest in Transnational Incorporation Plc (Ticker; Transcorp). The Otedola’s effect drove bargain hunting on the conglomerate company shares, pushing its market valuation higher by […]

NNPC Spends $1bn on AKK Gas Pipeline Project, Says Kyari The Nigerian National Petroleum Company Limited (NNPC Ltd) says it has so far spent over 1.1 billion dollars on the ongoing construction of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and Station project from its cash flow. The NNPC Limited GCEO, Malam Mele Kyari said this on […]

Liquidity: Nigerian Banks Borrow N1.82trn from CBN Stressed by sustained liquidity pressures in the system, a number of Nigerian deposit money banks (DMBs) continue to take refuge under the apex bank’s standing lending facility to meet their daily cash demand. In total, Nigerian lenders borrowed more than N1.8 trillion from the apex bank to close […]

FBNH Rallies Ahead of 2022 Earnings Release FBN Holdings’ share price gathered momentum in the stock market ahead of its full year earnings expected to be submitted to the Nigerian Exchange (NGX). In the tier-1 banking class, it is only FBNH that has not submitted its results due to undisclosed issues. Data from the local […]

Equity Tracker: Fidelity Bank Spikes to N168bn Fidelity Bank Plc has added weight in terms of market valuation following strong bargain hunting on its shares in the local bourse, according to MarketForces Africa’s equity tracker record. Year-to-date data showed that Fidelity Bank’s share price has gained 33.95%, a level strong enough to eliminate inflation rate […]

US Dollar Mixed ahead of Q1 GDP Data The US dollar was mixed against its major trading partners early Monday – down versus the European currencies, up versus the yen and Canadian dollar — as markets prepare for a busy data schedule this week amid the absence of comments from Federal Reserve officials during the […]