Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says Nigeria needs to invest 20 billion dollars to achieve the economic targets by 2027. Edun stated this during the citizens’ and stakeholders’ engagement on the implementation of presidential priorities and ministerial deliverables for the fourth[Read More…]
The National Bureau of Statistics (NBS) reported Nigeria’s headline inflation rate rose to 34.60 per cent in November 2024, a 0.72 percentage point increase from October’s 33.88 per cent. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for November, which was released in[Read More…]
Dangote Petroleum Refinery and Petrochemicals FZE has sought to amend its suit against the Nigerian National Petroleum Company Limited (NNPCL) and others. The plea to amend the suit followed an application by the NNPCL before Justice Inyang Ekwo of a Federal High Court in Abuja, urging the court to[Read More…]
The Nigerian Army on Monday, performed a symbolic lowering and hoisting of command flag at Army Headquarters as Lt.-Gen. Olufemi Oluyede assumed command as the 24th Chief of Army Staff (COAS). Oluyede was appointed by President Bola Tinubu on Oct. 30 in an acting capacity following the death[Read More…]
The Edo State Commissioner of Police, Umoru Ozigi has ordered an investigation into the circumstances leading to the death of Mr Kaduna Eboigbodin, a former chairman of the Nigeria Labour Congress (NLC) at a police checkpoint in Benin City. The command spokesman, SP Moses Yamu, said the Commissioner[Read More…]
The Nigeria is requesting South Africa’s backing to attain full membership in the G20, BRICS and the BRICS New Development Bank (NDB). Nigeria is also seeking South Africa’s support to assume leadership roles in thematic discussions of interest under South Africa’s G20 presidency. These requests were made by Amb. Bianca[Read More…]
The Debt Management Office (DMO), has offered two Federal Government of Nigeria (FGN) savings bonds for subscription in December. The DMO said on Monday that the first offer was a two-year FGN savings bond due on Dec. 11, 2026, at an interest rate of 17.483 per cent per[Read More…]
The seventh prosecution witness, Mr John Adetola, in the ongoing trial of the ex-governor of Central Bank, Godwin Emefiele, narrated how he collected the sum of $400,000 on behalf of the ex-governor. Adetola, who was the former personal assistant to Emefiele, made the revelation on Thursday while[Read More…]
Nigerian National Petroleum Company Limited (NNPC Ltd) said it did not issue misleading information to the Nigerian public on the true situation of operations at the Port Harcourt Refinery. The company, therefore, refuted allegations made by Timothy Mgbere, who referred himself in a video clip as a community representative,[Read More…]
The management of Access Bank Plc has debunked and denied allegations circulating on social media concerning a purported ₦500 million missing fund. The Bank responded to allegations by social media activist VeryDarkMan regarding an inheritance dispute involving an alleged ₦500 million fund belonging to a late customer. The bank[Read More…]
