Nigeria News
Deborah Samuel: Mob overpowered DSS operatives – Gov Tambuwal
Sokoto State Governor, Aminu Tambuwal has shed more light on the circumstances leading to the gruesome murder of Deborah Samuel, a 200-level student of Shehu Shagari College of Education, Sokoto State, who was burnt alive. Tambuwal said that contrary to a general belief, operatives of the Department of State Services (DSS) tried but could not […]
Enugu govt secures foreign mentorship programme for 28 indigenous students
The administration of Governor Ifeanyi Ugwuanyi of Enugu State, through the State Scholarship Board, has secured fully-funded scholarships for another 28 post graduate students who are indigenes of the state to study in Europe and America. Addressing newsmen when he led some of the beneficiaries to the Government House, Enugu, on Friday, to thank Gov. […]
Politics
2023 presidency: South West may reach consensus soon – Osinbajo
Vice President Yemi Osinbajo has expressed optimism that the All Progressives Congress, APC, in South West would soon arrive at a consensus candidate for the forthcoming primary election. Osinbajo, who is also battling for the APC presidential ticket, spoke during an interactive section with the party’s delegates in Osogbo, the Osun State capital on Friday. […]
Business
Abductees’ families ask FG to hasten rescue as FG suspends train’s resumption
The Nigerian Railway Corporation has announced that it is postponing the resumption date for the Abuja Kaduna train services. This came as families of the abductees welcomed the development and urged the Federal Government to hasten its rescue efforts. The Deputy Director, Public Relations, at the NRC, Yakub Mahmood, made the announcement of the postponement […]
Naira notes will be out of circulation soon, says CBN official
The Central Bank of Nigeria has said that paper currency will soon be out of circulation, urging market men and women to sign into the e-Naira. The Delta State Branch Controller of CBN, Mr Godwin Okafor, stated this on Friday at the popular Ogbogonogo market during the market sensitisation on e-Naira. He urged traders to […]
NNPC moves to stop $1.6bn Seplat, ExxonMobil deal with major counter-offer
Following reports on the failed assets acquisition deal between Seplat Energy and ExxonMobil, investigation has shown that the state oil company, the Nigerian National Petroleum Corporation, has made a mouth-watering offer to acquire the assets, sources close to the deal disclosed. ExxonMobil and Seplat Energy had recently announced a $1.6bn sales agreement deal that would […]
NGX demands full disclosure from companies
The Chief Executive Officer, NGX Regulation Limited, Ms Tinuade Awe, has said there is need for corporate bodies to adopt sound procedures in the reporting on their environmental and social impact. A statement said she spoke during a webinar hosted by the Corporate Secretaries International Association to explore how businesses and organisations could carry a […]
Oil marketers, airlines disagree over local JET-A1 price
Nigerian airline operators are currently at loggerheads with oil marketers over the rising prices of JET-A1, also known as aviation fuel. While marketers have defended the price, which is as high as N600 per litre, airlines have insisted that it is too high, accusing marketers of exploitation. As a result, airlines have threatened to shut […]
Telcos N208bn 4G investment to boost internet speed – NCC
Nigerians are set to enjoy faster Internet services as MTN Nigeria Communications Plc and Airtel Africa invested a combined N208.56bn in fourth-generation network and other capital expenditure in the first quarter of 2022. According to the Nigerian Communications Commission, Internet services in the nation currently predominantly run on 2G and 3G networks. It added that […]
Polaris Bank, Lagos govt launch N1bn fund for artisans
Polaris Bank and the Lagos State Employment Trust Fund have partnered to provide N1bn funding to artisans operating in Lagos State. The launch of the artisans’ funds was disclosed in Lagos during an event jointly organised by the bank and LSETF in Lagos on Thursday. The bank’s Executive Director, Lagos Business, Mr Segun Opeke, explained […]
NNPC moves to stop $1.6bn Seplat, ExxonMobil deal with major counter-offer
Following reports on the failed assets acquisition deal between Seplat Energy and ExxonMobil, investigation has shown that the state oil company, the Nigerian National Petroleum Corporation, has made a mouth-watering offer to acquire the assets, sources close to the deal disclosed. ExxonMobil and Seplat Energy had recently announced a $1.6bn sales agreement deal that would […]
JET-A1, others may push flight above N100,000 – Domestic airlines
Domestic airlines under the aegis of the Airline Operators of Nigeria have said that rising operational costs occasioned by aviation fuel price hikes, foreign exchange shortage, among others may push the base economy flight ticket to N100,000. The spokesperson for local airlines/Chairman, United Airlines, Professor Obiora Okonkwo, made the disclosure during an exclusive interview with […]
Telecoms: US, UK firms plan 10,000 tower sites in Africa
In a bid to tackle the problem of lack of telecom network services in rural areas, Loofca International Limited United Kingdom has partnered with Vanu Incorporated, United States, to deploy 10,000 sites across Africa. The duo of Loofca International Limited and Vanu Wireless Nigeria Limited (a subsidiary of the American company Vanu Incorporated specialising in […]
Energy/Oil&Gas
Lagos State praises Ikeja Electric’s commitment to Technical Education development
The Lagos State Government has commended leading Electricity Distribution Company, Ikeja Electric (IE), for its commitment towards improving technical capacity building and empowering youths in the state through the various corporate social responsibility (CSR) programmes. The Lagos State Commissioner for Education, Mrs. Folashade Adefisayo, gave the commendation at a ceremony organized to officially commission the […]
Opinion
How some stakeholders perceive NPA MD, Bello-Koko
By Foster Obi “With too much respect you will end up as a weakling. Keep everything balanced. Don’t exaggerate anything, nor please others for your own ruin….” Mwanandeke Kindembo Recently after a roundtable in Lagos, a few colleagues while refreshing were trying to deconstruct the newly confirmed substantive managing director of the Nigeria Ports Authority […]
