Nigeria News
LP crisis: Abia LG poll compounds party’s woes
The leadership crisis rocking the Labour Party, LP, worsened, weekend, with the party failing to clinch at least one local government area in the recently conducted Abia State local government elections. The outcome of the polls is seen as an indication that the leadership crisis plaguing the LP at the national level has taken a […]
Ondo 2024: Governor Adeleke urges Osun indigenes to support Ajayi
Osun State Governor, Ademola Adeleke has called on indigenes of the state in Ondo State to vote for Agboola Ajayi, the candidate of the Peoples Democratic Party, PDP, during the November 16 gubernatorial election. His call is coming even as the indigenes of the state have declared support for the PDP gubernatorial candidate, Agboola. Governor […]
Uzodimma, Egypt’s key authorities on Ports, Health development meet on partnership
Chairman of Egypt’s Suez Canal Authority, Admiral Osama Rabie and his colleague in charge of Unified Medical Support and Technology Office, Babaa El-din Zidane, have met with Governor Hope Uzodimma of Imo State to seek ways of partnership on ports development and opportunities in the health sector. Governor Uzodimma first met with Admiral Rabie […]
US election: List of states won by Trump, Kamala Harris
Former President Donald Trump has successfully secured several key states, particularly in the South and Midwest. Fox News reports that Trump is performing well in rural areas, which helped deliver victories to Trump in 2016 and 2020. However, election day battlegrounds are still too close to call as Trump, Vice President Kamala Harris sweep multiple […]
Blackout: National Grid collapse now regular news in Nigeria – Peter Obi
Presidential candidate of the Labour Party in the 2023 election, Peter Obi has lamented the incessant collapse of the national grid. DAILY POST reports that the country was on Tuesday plunged into darkness following the collapse of the dilapidated grid. Barely three weeks after a similar incident, the Transmission Company of Nigeria, TCN, told Nigerians […]
N1.3tn fraud: Okowa spends second night in EFCC custody
The former governor of Delta State, Ifeanyi Okowa, is still being held at the Port Harcourt, Rivers State office of the Economic and Financial Crimes Commission. This makes it his second night in the custody of the anti-graft agency. This is as the Delta State chapter of All Progressives Congress backed the detention of the […]
Obaseki defies IG, recalls vigilante
Edo State Governor, Godwin Obaseki, has directed members of the Edo State Security Network to resume regular duties, in the wake of the deteriorating security situation in the state. The directive may put the governor on a collision course with the Inspector General of Police, Kayode Egbetokun, who placed a ban on the vigilante before […]
Rivers: Fubara fond of disobeying judgements, – Amaewhule-led Assembly
The Martins Amaewhule-led House of Assembly in Rivers State said Governor Siminialayi Fubara has a penchant to disobey courts’ judgements and constitutional provisions. This is as the lawmakers also vowed to make Fubara’s appointees and permanent secretaries aiding him to circumvent the law have their date with the law. They stated this during their 65th […]
Why I can’t support Peter Obi again – Doyin Okupe
A former Director-General of Peter Obi’s 2023 presidential campaign council, Doyin Okupe, has said he would never support the former Anambra State governor again. Okupe had recently said that those abusing and insulting him for supporting President Bola Tinubu’s economic recovery plan are ignorant. Okupe, a former Presidential Spokesperson, made this known on Monday while […]
EndBadGovernance: Drop case against 101 protesters – Falana tells Nigerian Govt
Human rights lawyer, Femi Falana, has called on the Federal Government to drop the charge against 101 #EndBadGovernance protesters. The demand is following President Bola Tinubu’s instruction to the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, to release minors arrested and are facing prosecution over their alleged involvement in the #EndBadGovernance […]
Business News
Zenith Bank Unveils Upgraded ICT Infrastructure, Applauds Customers For Patience
Zenith Bank Commends Customers After Successfully Unveiling Upgraded Enhanced Tech Infrastructure Zenith Bank Plc has announced that it now boasts the best technology infrastructure in the banking industry, positioning itself to provide an exceptional customer experience and superior service delivery moving forward. This upgrade follows a recent comprehensive technology enhancement. The bank […]
41.5m MSMEs in our register, says BoI
About 41.5 million Micro, Small and Medium Enterprises operate in Nigeria, Bank of Industry (BoI) has said. The Federal Government, through BoI, is set to inject N1 billion to support 1,000 MSMEs in Bauchi State. Managing Director/Chief Executive Officer, Dr. Olasupo Olusi, who was guest speaker at 2024 Global Convention of Ekiti State University Alumni […]
Guinea Insurance grows revenue by 49.4%
Guinea Insurance PLC has reported a 49.4 per cent increase in insurance revenue rising to N2.08bn from the 2023 financial year from N1.39bn in 2022. This was indicated in the statement of profit or loss and other comprehensive income filed with the Nigerian Exchange Limited recently. A statement from the firm showed that the revenue […]
Funding for domestic gas projects low – NNPCL
The Nigerian National Petroleum Company Limited has stated that the country is currently struggling with insufficient funding to develop its domestic gas projects. It said the low funding is being exploited by international oil companies who only assist to export gas. The Group Chief Executive Officer, NNPCL, Mele Kyari, made this disclosure while speaking at […]
MTN acquires additional shares in MoMo PSB
Nigeria’s biggest telco, MTN, has acquired the remaining 7.17 per cent minority interest in MoMo Payment Service Bank for N6.95bn, in a move to strengthen its position in the financial services sector. The acquisition was disclosed in MTN Nigeria’s unaudited financial statements for the nine months ended Sept. 30, 2024. In May, MTN reached an […]
Reps to probe ministers over $2bn energy fund
The Ministers of Agriculture and Food Security, Abubakar Kyari, his Science, Technology, and Innovation counterpart, Uche Nnaji, and Budget and Economic Planning, Atiku Bagudu, are some of the high-profile government functionaries expected to appear before the House of Representatives Committee on Renewable Energy on Wednesday. The Committee, chaired by the member representing Ogbaru Federal Constituency, […]
Conoil leads as stock market investors gain N131bn
The Nigerian Exchange Limited on Tuesday halted its bearish run as investors gained about N131bn on the back of gains in Conoil and JohnHolt’s share prices which rose by 9.93 per cent and 9.92 per cent, respectively. For six consecutive days, the market had closed in the red zone, leading to a combined loss worth […]
Nigeria-Morocco $25Bn Gas Pipeline Passes Another Critical Phase
The $25 billion African Atlantic Gas Pipeline (AAGP) project, has scored a major milestone after it was announced that the project has reached the land acquisition and resettlement phase The project anticipated to become a game-changer in the region’s energy landscape, would pass through 13 coastal countries and three landlocked countries in ECOWAS which have […]
Guinea Insurance Plc Returns To Profitability, Announces N2.077Bn Revenue
Guinea Insurance PLC, is proud to announce an impressive financial performance for the ended in 2023. Guinea Insurance reported impressive financial performance in 2023, with a 49.4% increase in Insurance Revenue, rising to ₦2.077 billion from ₦1.390 billion in 2022. This growth was driven by improved market penetration, new insurance products tailored to customer needs, […]
Imported petrol cheaper than Dangote’s N990/litre – Marketers
The Petroleum Products Retail Outlets Owners Association of Nigeria says the Dangote Petroleum Refinery is inconsiderate for selling petrol at N990/litre, stressing that the company enjoyed massive concessions while accessing foreign exchange during its construction. PETROAN also insisted that imported petrol was cheaper than the N990/litre price of Dangote petrol. Major marketers recently revealed that […]