Nigeria News
EPL: Leicester City must beat Ipswich Town – Ndidi
Wilfred Ndidi says it is important for Leicester City to secure maximum points in their Premier League clash against Ipswich Town. Steve Cooper’s side will be up against the Tractor Boys at the Portman Road on Saturday. The Foxes have recorded just one win in the Premier League this season. Leicester lost 3-1 at home […]
EndBadGovernance: Detaining minors condemnable — Natasha
Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, has strongly condemned the detention of minors involved in the recent #EndBadGovernance protests, describing it as “inhumane and unjust”. She called on the Chief Justice of the Federation, Justice Kudirat Kekere-Ekun, to investigate the detention order granted by Justice Obiora Egwuatu of the Federal High Court. According […]
Politics
INEC explains silence on Rivers Assembly crisis
The Independent National Electoral Commission, INEC, says its silence on the controversy trailing the Rivers Assembly is due to the several conflicting court judgments on the crisis in the Assembly. Recall that the leadership of the faction loyal to Governor Siminalayi Fubara wrote the commission to conduct a by-election to fill the position of the […]
Business
Tinubu hails ex-FirstBank MD, Adeduntan, for service
President Bola Tinubu on Friday congratulated the retired Group Chief Executive Officer of First Bank Nigeria Limited, Dr Adesola Adeduntan, for his service at Nigeria’s oldest bank. The President’s good wishes were contained in a statement signed by Special Adviser to the President (Information & Strategy), Bayo Onanuga. This weekend, First Bank is set to […]
Vessels with 40.76m litres of petrol, others arrive Nigeria
The Nigerian Ports Authority said that two vessels with 40,766,400 litres of Premium Motor Spirit, popularly known as PMS, arrived at Tincan Island Ports in Lagos State on Friday. NPA added that 10 vessels with different commodities including used vehicles, would arrive at the port between Friday, November 1, 2024, to November 8, 2024. The […]
$5bn Africa Energy Bank begins operation January – FG
The Federal Government has announced that the much-anticipated $5bn Africa Energy Bank is set to commence operations on January 28, 2025, marking a significant milestone in efforts to enhance energy access and development across Africa. A Nigerian delegation led by the Permanent Secretary of the Federal Ministry of Petroleum Resources and Executive Board Member representing […]
ZENITH BANK RECORDS REMARKABLE TRIPPLE-DIGIT TOPLINE GROWTH AS PBT HITS N1.0 TRILLION IN Q3 2024
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of 118% from N1.33 trillion reported in Q3 2023 to N2.9 trillion in Q3 2024. This performance underscores the Group’s resilience and market leadership in spite of the challenging macroeconomic environment. According to the […]
Vitafoam grows turnover by 56% to N82.6 billion
Vitafoam Nigeria Plc grew its turnover by 56 per cent to N82.58 billion as the foams and household materials group continued to expand its market share. Key extracts of the interim report and account for the 12-month period ended September 30, 2024 released at the Nigerian Exchange (NGX) showed that total sales increased from N52.99 […]
SEC reviews curriculum on capital market studies
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has set up a committee to review curriculum already approved by the National Universities Commission (NUC) on securities and investment management for Nigerian universities and other tertiary institutions. The review is to align the curriculum to include emerging trends like cyber security, artificial intelligence and […]
BUA Foods revenue rises to N1.07tn
BUA Foods Plc has reported a 104 per cent rise in revenue to N1.07tn for the nine months ending September 2024. In a statement, BUA Foods showed from recently released unaudited financials, its performance cut across its product range, with growth in sugar, flour, and pasta sales. Gross profit climbed by 82 per cent to […]
Currency outside banks N4tn – CBN
Currency outside banks surged by 66.2 per cent in September 2024, reaching N4.02tn compared to N2.42tn in September 2023, a notable rise of N1.60tn in just one year. This is according to the Money and Credit Statistics data of the Central Bank of Nigeria. On a month-on-month basis, currency outside banks grew by 3.8 per […]
Pharma manufacturers urge NAFDAC to quicken approval
Local pharmaceutical manufacturers are urging the National Agency for Food and Drug Administration and Control to speed up the approval process for their products to enable them to address the gap created by the recent exit of multinational pharmaceutical companies from Nigeria. The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria said local manufacturers […]
Local refiners should participate in petroleum production – Reps
The House of Representatives has called on the Federal Government to develop a blueprint for the involvement of indigenous refiners in the nation’s petroleum production value chain. The House’s resolution followed the adoption of a motion on the need to reform and regulate Nigerian petroleum production to integrate artisanal refiners into the value chain. The […]
Energy/Oil&Gas
Tantita poised to neutralize crude oil theft, advocates use of carbon streaming to help communities
Picture: Captain Enisuoh with some of the guests at the conference. Executive Director, Technical and Operations, Tantita Security Services Limited, Captain Warredi Enisuoh, has restated the commitment of the company to combating crude oil theft, increasing oil production in the country, and improving the lives of communities. In a paper on infrastructure protection, […]
Opinion
WHY NOT ALEX?
By Okwodu Egworonu M. Obasi Today is a happy day for me (26th Sept 2024). Not just because it’s my birthday but because it’s another step of God’s goodness and preservation in our lives. The almighty has used the instrumentality of the revolutionary Alex Chioma Otti government to not only ease but studiously […]