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The Criminal Justice Reform Committee in Gombe State has approved the release of 182 inmates across five custodial centres in the state. Speaking on Thursday after a three-day working visit to the facilities, Gombe State Chief Judge, Halima Mohammed, explained that no fewer than 141 inmates were released from the Gombe Minimum Custodial Centre. She […]

The immediate past Governor of Abia State, Dr Okezie Victor Ikpeazu, yesterday, said that he signed a law making it mandatory for female children to inherit their fathers’ property and own community land. He said his passion for women development came from his wife who was instrumental to the enactment of a law empowering female […]

The Ogun State Commissioner of Police, Abiodun Alamutu, said those behind Wednesday’s murder of the Director of Finance in Governor Dapo Abiodun’s office, Mr. Taiwo Oyekanmi, are in-house. Recall on Wednesday that Oyekanmi was gunned down while returning from the bank where he had taken a bullion van to withdraw some funds for the state. […]

Naira Reclaims Value, Black Market Rate Steadies Exchange rates closed in a mixed direction in the foreign exchange markets as demand for the US dollar was met with adequate supply. Data from the FMDQ platform showed the Naira strengthened against the greenback, trading at N831.47 to the dollar in the official market, from N881.88 per dollar. […]

Benchmark Yield Behind 16% as Nigeria Bonds Rally The average yield on Federal Government of Nigeria (FGN) bonds declined marginally as investors’ appetite for local bonds improved. Though real return remains exposed to higher inflation rate conditions, local banks and other authorised dealers with sizeable funds are betting large on government instruments. Yield on government […]

Equities Investors Gain N132bn in Latest Rally Halting the downtrend, equities investors gained more than N132 billion midweek due to buying interest in mid-cap stocks. Stock market performance indicators improved by 0.34% over a new bull run in the exchange. The positive performance was primarily driven by price appreciation in NESTLE (+9.52%), SEPLAT (+10.00%), TRANSCORP […]

NAICOM Decries High Numbers of Unpaid Claims by Insurance Companies The Commissioner for Insurance, Mr Sunday Thomas, says recent efforts by the National Insurance Commission (NAICOM) to review the status of claims in the books of insurance companies and findings during an onsite examination, reveal a worrisome number of outstanding claims. The commissioner also charged […]

Nigeria, US Collaborate on Mining Projects Funding The Nigerian authorities and those of the United States (US) on Wednesday held talks on how to fund mining projects in Nigeria. According to a statement by Mr Kehinde Bamigbetan, Special Adviser to the Minister of Solid Minerals Development, Dr Dele Alake, the talks held on the sidelines […]

NUPRC Intervenes in Chevron vs. Escravos Dispute The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has waded into the dispute between Chevron Nigeria Limited and communities within the company’s Warri exploration and production area, Delta State, over the Host Communities Trust Fund. The NUPRC urged both parties in the dispute to maintain the peace, pending the […]

Oil Theft: Security Firms Saves Nigeria $43.2m Daily Tantita Security Services Nigeria Ltd., a private security contractor with the Nigerian National Petroleum Company (NNPC) Ltd., says its activities in combating crude oil theft have saved Nigeria over $43.2 million daily. The Executive Director, Tantita Security Services Nigeria Ltd., Capt. Warredi Enisuoh, said this at the […]

Equinor Sells Oil Asset in Nigeria to Chappal Energies Equinor Nigeria Energy Company on Wednesday announced the sale of its Nigerian business, including its share in the Agbami oil field, to Nigerian-owned Chappal Energies. Nina Koch, Equinor’s Senior Vice President for Africa Operations, disclosed this in a statement in Lagos. Koch said that Equinor and […]

Tinubu Presents N27.5 Trn 2024 Budget to NASS President Bola Tinubu on Wednesday presented a budget of N27.5 trillion for 2024 to the National Assembly for approval. Presenting the budget tagged ‘’Budget of Renewed Hope’’, Tinubu said that it main focus was on national defence, internal security, local job creation and macro-economic stability. He said […]