A former Minister of Petroleum, Diezani Alison-Madueke, has sought to amend her suit before Justice Inyang Ekwo of the Federal High Court Abuja, challenging the order obtained by the Economic and Financial Crimes Commission (EFCC) for final forfeiture of her seized assets. At the Resumed hearing, no[Read More…]
Nigerian Coalition of Civil Society Organisations (NICOCSO) has called on Nigerian National Petroleum Company Limited (NNPCL) to render an account of the 20 billion US dollars allegedly spent for the repair of refineries since 2007. The News Agency of Nigeria (NAN) reports that the call came amidst a threat[Read More…]
Nigerians woke up today to another round of increase in the pump price of petrol as filling stations operated by the Nigerian National Petroleum Corporation (NNPC) Limited increased the pump price of fuel to N1.030 per lite in Abuja and N991 per litre in Lagos. Consequently, transport costs[Read More…]
A student of The Ambassadors’ College, Ota, Ogun State, Miss Iremide Ogunyemi, has won N2 million cash, a publishing deal worth N2 million and another N2 million to upgrade her school’s library after emerging the star prize winner of the inaugural edition of the Fidelity Bank organized Read2Lead[Read More…]
Two Federal Government of Nigeria (FGN) bonds have been offered for subscription in October at N1,000 per unit. A Debt Management Office (DMO) statement said the first offer is a two-year FGN savings bond due on Oct. 16, 2026, at an interest rate of 17.084 per cent per[Read More…]
Polaris Bank partners UI, NCF on environmental conservation, tree planting Polaris Bank Limited has collaborated with the University of Ibadan (UI) and the Nigerian Conservation Foundation (NCF) on environmental conservation through a tree planting initiative. This was disclosed during a courtesy visit to the UI Vice Chancellor, Prof. Kayode[Read More…]
The Central Bank of Nigeria has introduced an Electronic Foreign Exchange Matching System, (EFEMS) aimed at transforming the country’s foreign exchange market. This new system is set to be operational in the Nigerian Foreign Exchange Market by 1 December 2024, following a two-week test run scheduled for November.[Read More…]
Zenith Bank, one of Nigeria’s leading financial institutions, has restored improved services across its electronic transaction channels, ensuring customers have seamless access to banking services. In a statement released on Thursday via its X handle, the bank confirmed that customers can now conveniently conduct transactions across various platforms[Read More…]
Nigeria takes World Bank loan of $1.57 bn for 3 projects Nigeria has again taken another World Bank loan worth $1.57 billion to finance three projects in the health and educational sectors. The bank had earlier approved $2.25 billion loan for the country to boost its economic reforms. According[Read More…]
Organised labour, NANS receive 64 CNG buses from FG The Organised labour unions and the National Association of Nigerian Students, NANS, have received 64 Compressed Natural Gas, CNG, buses from the Federal Government. The buses were presented in line with President Bola Tinubu’s promise to provide affordable and efficient transportation[Read More…]
