Nigeria News
Presidential primaries: Uncertainty over APC, PDP delegates’ lists as Buhari delays Electoral Act
There is uncertainty over the delegates’ lists of political parties, including the All Progressives Congress and the Peoples Democratic Party, following the delay by the President, Major General Muhammadu Buhari (retd.), in signing the amendment version of the Electoral Act. Chieftains of the major political parties, on Thursday, said the President’s assent to the amended […]
2023: Fayose deceived me – Ekiti ex-Deputy Gov, Olusola withdraws from senatorial race
A former Ekiti State Deputy Governor, Prof Kolapo Olusola has withdrawn from the Peoples Democratic Party, PDP, Ekiti South Senatorial primary. In the withdrawal letter, he personally signed and addressed to the National Chairman of the PDP, the former Deputy Governor said that he even entered the race due to pressure from former Governor, Ayodele […]
Killers of Deborah Samuel committed barbaric, un-Islamic act – Aragbiji
The Aragbiji of Iragbiji, Oba Abdur-Rasheed Ayotunde Olabomi Odundun IV, has described the killing of Deborah Samuel as an unIslamic act. Oba Olabomi, who condemned the killing of Miss Samuel, also described the protests and mayhem that was unleashed on Sokoto town and the destruction suffered by businesses and innocent residents, as worrisome and uncalled […]
2023: Save Nigeria from total collapse – Ohanaeze begs APC, PDP delegates
As political parties go into primary elections, apex Igbo socio-cultural organization, Ohanaeze Ndigbo has again begged the two major political parties to place the country’s interest above nepotism. This was contained in a statement made available on Friday by Ohanaeze Secretary-General, Mazi Okechukwu Isiguzoro. He said it was incumbent upon the All Progressives Congress, APC, […]
Kwara police braces up for influx of displaced Okada riders from Lagos
Authorities of the Kwara State police command are bracing up to mitigate the effects of the likely influx of banned commercial Okada riders from Lagos State to Kwara State. To this end, the State Police Command has summoned all Divisional Police Officers (DPOs) in the State to an emergency meeting to map out strategies to […]
EFCC arraigned fake Patience Jonathan’s aides for N26m fraud
The Economic and Financial Crimes Commission (EFCC) has arraigned two fake aides of former First Lady, Patience Jonathan. Goni Muhammad and Seidu Seriki Haman were arraigned before Justice Kumaliya of the Borno State High Court in Maiduguri. They face charges bordering on conspiracy and obtaining by false pretence to the tune of N26,492,000. They allegedly […]
ADC holds Lagos congress, elects new leaders
The African Democratic Congress in Lagos State elected new state executives during its congress held on Wednesday. The executives were elected from all 20 local government areas of the state in accordance with the party’s constitution and the Electoral Act 202. A statement made available to newsmen partly read, “The congress was a festival of […]
2023 presidency: Why we sold forms to everyone who came to buy – APC
The ruling All Progressives Congress, APC, has explained why it sold its nomination and expression of interest forms for the president and other elective positions to everyone who came purchasing. During an interview on Channels Television on Wednesday evening, the APC spokesman, Barr. Felix Morka was asked why the party went as far as allowing […]
N80bn: Accountant-General’s arrest proves IPPIS is fraud – ASUU
The Academic Staff Union of Universities (ASUU) has said the arrest of the Accountant-General of the Federation, Ahmed Idris, by the Economic and Financial Crimes Commission, EFCC, has buttressed its notion that IPPIS is fraud. The union said this while reacting to Idris’s arrest over alleged money laundering and diversion of N80bn. ASUU President, Prof. […]
Bandits abduct student, FRSC staff, others in Zamfara
Bandits have again unleashed terror in Zamfara State, kidnapping one student along Kaduna-Abuja expressway on Tuesday evening. According to a press statement signed by Abdul Gusau Polytechnic’s Head of Public Relations, Comrade Aliyu Damri, the bandits blocked the highway between Kurmin Kare and Katari in Kachia Local Government Area of the State where they kidnapped […]
Business News
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 […]
FG approves N169.72bn private sector investments in roads
The Federal Executive Council on Wednesday approved N169.7bn private sector investments for at least four road infrastructures through the government’s Tax Credit Scheme. The roads include a 234-kilometre stretch from Bali to Sheti through Gashaka to Gembu in Taraba State at the sum of N95,232,474,010.72. The second road, which is also a tax credit scheme, […]
World Bank to fund $30bn projects in Nigeria, others
The World Bank has said it is set to disburse a total of $30bn to fund existing and new projects in Nigeria and other countries as part of a global response to combat the ongoing food security crisis. According to the bank, it is working with countries on a $12bn new projects fund for the […]
At 26.61%, Banks Maximum Lending Rate Drops to 5-year Low
Amid rising inflation rate that is expected to hike operating cost and plud profitability, banks have reduced maximum lending rate to 26.61 per cent, an over five-year low, the latest data by the Central Bank of Nigeria (CBN) on banks’ deposit and lending interest rates has revealed. The CBN data revealed that In 2016, the […]
No hike in electricity tariffs – NERC
The Nigerian Electricity Regulatory Commission, NERC has clarified that reviews do not automatically translate into an increase in electricity tariffs. The electricity market regulator made this known in a statement titled ‘Notice of Compliance in Respect of the Biannual Review of the Revenue Requirements of Licenses’ published on Tuesday. According to the NERC, where the […]