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The House of Representatives has resolved to investigate the frequent collapse of the national grid with a view to proffering a lasting solution for the recurrent power outages. This was a sequel to the adoption of a motion sponsored by Hon. Billy Osawaru (APC, Edo) at plenary on Wednesday. The House insisted that sustainable energy […]

The Organisation of the Petroleum Exporting Countries (OPEC) has advised the Nigerian National Petroleum Company Limited (NNPCL) to increase oil production in order to take part in the $14 trillion investment opportunity in the global oil market in the nearest future. According to the Secretary General of OPEC, Haitham Al-Ghais, around $14trillion in investments will […]

Countering the minister, organised labour expressed outrage over President Tinubu’s approval for implementation of the Oronsaye’s report on public sector reforms, saying it will lead to massive job losses, among others. While the Nigeria Labour Congress, NLC, directed members in the public sector to furnish the national secretariat with impact analysis report focusing on the […]

West and Central Africa’s foremost airline, Air Peace, has gone live with its flight schedules for its London service billed to commence on March 30, 2024, with unbeatable fares. The airline disclosed this on Wednesday, February 28, 2024, in a news release issued to journalists. Air Peace stated that the flight schedules for the London […]

Legal luminary and Patron of the Judicial Staff Union of Nigeria (JUSUN), Chief Mike Ozekhome, has advised the embattled Chief Judge of Osun State, Justice Adepele Ojo, to “come down from her high horse” and resolve the ongoing judicial crisis in the state. Speaking on Politics Today on Channels TV on Tuesday, Ozekhome decried the […]

The Senate on Wednesday threw out a Bill which sought to include Anambra among States comprising the Niger Delta Development Commission (NDDC). The move and rejection led to disagreement between Senator Tony Nwoye (LP – Anambra North) and Senator Jibrin Isah popularly known as Echocho (APC – Kogi East). The Bill titled: A Bill for […]

The Edo State’s Deputy Governor, Philip Shaibu, said the Court’s decision will determine the Peoples Democratic Party candidate for the governorship election scheduled for September 21, 2024. On Tuesday, the PDP National Working Committee, led by the acting National Chairman, Umar Damagum, issued a Certificate of Return to Asue Ighodalo as the party’s candidate for […]

The minister for Women Affairs, Uju Kennedy-Ohaneye, has advised Nigerian women not to shout back at their husbands to allow peace reign in their matrimonial homes. The minister who stated during a Conference of Commissioners of State Ministries of Women Affairs in Nigeria, said avoiding trading words would prevent physical assault that may lead to […]

Super Eagles star, Victor Osimhen, has gifted a young boy who dressed like him and showcased similar football skills with N2.5m The boy, seen in a video wearing a mask resembling Osimhen’s, caught the attention of the footballer when popular Instagram blogger, Tunde Ednut, shared the clip on his page on Tuesday. Reacting to the […]

$26bn Illicit Flows Pass Through Binance Nigeria – Cardoso The Central Bank of Nigeria (CBN) governor Yemi Cardoso says over $26 billion in illicit flows has passed through the crypto platform Binance in the last one year.  Cardoso said this on Tuesday after the MPC meeting in Abuja. “We are concerned that certain practices go […]

NGX Slumps as Investors React to Aggressive Rate Hike The Nigerian Exchange (NGX) slumped on Tuesday as equities investors reacted negatively to aggressive interest rate hikes by the Central Bank. The market opened negative with N51 billion loss on Monday following a raft of selling rallies that started last week. Again, negative trading activities dragged […]

No Weekly FX Sales to Bureau De Change – CBN The Central Bank of Nigeria (CBN) has denied a move to return to weekly forex sales to Bureau De Change operators in the country.  In an official statement, the CBN said its attention has been drawn to a story making its rounds that the apex bank […]