Independent National Electoral Commission (INEC) has finally turned down the request to recall Senator Natasha Akpoti-Uduaghan from the Senate. According to INEC, the petition did not meet the constitutional requirements outlined in Section 69(a) of the 1999 Constitution. INEC explained this today in a post on its official[Read More…]
President Bola Tinubu has removed the chairman, Nigerian National Petroleum Company Limited board, Pius Akinyelure, and the Group Chief Executive Officer, Mele Kyari. Tinubu also appointed Bashir Ojulari as Kyari’s replacement with immediate effect. Bayo Onanuga, Tinubu’s Special Adviser on Information and Strategy, announced the development in a statement he[Read More…]
Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended as against the N2.1 trillion recorded in the 2023 financial year. This is despite diverse transaction and service complaints, dissatisfaction among customers and the challenging economic situation of the[Read More…]
The Federal Government has been able to raise a total of N1.09 trillion through the Sovereign Sukuk since 2017, to support infrastructure development. The Director-General of the Debt Management Office (DMO), Patience Oniha, who gave the information on Wednesday in Lagos, during “an all parties meeting” for the issuance[Read More…]
Injunction and stay of execution Cargo remains under arrest In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of[Read More…]
The stock market continued on a positive trend, with investors gaining N26 billion and performance indices rising by 0.04 per cent on Tuesday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.04 per cent to N66.214 trillion from an opening of N66.188 trillion recorded on Monday.[Read More…]
Tier-one lender, Fidelity Bank Plc, has once again highlighted the importance of promoting non-oil exports as it recently hosted the 18th edition of its dedicated capacity development training tagged Export Management Programme (EMP 18). The programme, which was held recently in Lagos provided a platform for entrepreneurs interested in[Read More…]
The Rivers Sole Administrator, Vice Admiral Ibok-Ete Ibas (Rtd), has assumed duty in the state. Ibas, in an interview with journalists in Government House, Port Harcourt on Thursday, said he would meet with the Head of Service, Permanent Secretaries, and Service Commanders to get formal briefings. Responding to his[Read More…]
The Senate on Thursday ratified the declaration of state of emergency in Rivers by President Bola Tinubu. The president had, on Tuesday in a nationwide broadcast, declared a state of emergency in Rivers. The declaration saw the suspension of the governor, his deputy and members of the state House[Read More…]
The Federal Road Safety Corps (FRSC) has confirmed that six persons died and 25 others were injured following a multiple crash under the Karu Bridge in Abuja on Wednesday. The Corps Public Education Officer, Olusegun Ogungbemide, said that the crash involved 18 vehicles, including two articulated vehicles, two[Read More…]
