Nigeria News
Uba Takes Another Shot at Anambra Governorship
David-Chyddy Eleke writes that the odds favour Senator Andy Uba who is taking another shot at the governorship seat of Anambra State on the platform of the All Progressives Congress Four things will give Senator Andy Uba an edge over other aspirants in the forthcoming Anambra governorship election. These are; his acceptability among the electorates, […]
APC Welcomes More Decampees in National ’Assembly to Its Fold
Udora Orizu writes that the ruling All Progressives Congress is counting its increasing blessings as a good number of members of the minority caucus in both Senate and House of Representatives switch political party loyalty As the country gears up for 2023 general elections, political parties as usual are trying to find an edge over […]
NLC Plans Protest over Bid to Decentralise Minimum Wage Negotiation
The organised labour is planning a national demonstration to protest plans by the National Assembly to decentralise minimum wage negotiations. The protest, to hold on March 10, followed the ongoing efforts to transfer the national minimum wage from the exclusive list to the concurrent legislative list. The labour movement also frowned on the ongoing fuel […]
Senate Concurs with House, Confirms Service Chiefs’ Appointments
The Senate yesterday concurred with the House of Representatives’ confirmation of President Muhammadu Buhari’s nomination of Maj. Gen. Lucky Irabor as Chief of Defence Staff (CDS). Others confirmed are Maj. Gen. Ibrahim Attahiru, Chief of Army Staff; Rear Admiral Awwal Gambo, Chief of Naval Staff; and Air Vice Marshal Isiaka Alao, Chief of Air Staff. […]
Gunmen kill ex-gov Suswam’s brother in Benue
Gunmen have reportedly killed Terkura Suswam, elder brother to former Governor of Benue State, Senator Gabriel Suswam. Terkura Suswam was allegedly killed in his country home in Anyii, Logo Local Government Area of the state around Tuesday night. Logo is one of the local government areas in Sankera axis ravaged by the murdered Benue warlord, […]
AS 279 JANGEBE SCHOOLGIRLS RETURN FROM CAPTIVITY…
Stopping Short of a State of Emergency, FG Bans Mining and Flights over Zamfara Bandits offered money not to release abducted students, says Matawalle They threatened to kill us, freed schoolgirls narrate ordeals in captivity By Deji Elumoye, Onyebuchi Ezigbo in Abuja and Francis Sardauna in Katsina President Muhammadu Buhari yesterday took bold steps towards […]
INEC seeks stakeholders’ support for additional polling units
THE Independent National Electoral Commission, on Monday, appealed for public support for its planned increase in the number of polling units across the country. INEC equally stressed the need for enhanced voter education in order to ensure the delivery of free, fair and credible elections. The Commission’s Director of Voter Education and Publicity, Mr. Nick […]
APC demands apology from Abaribe, Ikpeazu replies Adeyemi
THE All Progressives Congress has demanded an apology from Senator Eyinnaya Abaribe, over an alleged unprovoked attack on Kogi State Governor, Yahaya Bello. The governing party equally demanded that the Senator representing Abia North, should retract defamatory statements made against the governor or be prepared to substantiate same in Court. This was contained in […]
NDLEA nabs commercial driver with human heads
Men of the Ondo State Command of the National Drug Law Enforcement Agency on Monday arrested a man with two human heads. The suspect, Hassan Saka, who is a commercial driver, was reportedly arrested with the two heads hidden in a brown carton. The state Commander of the NDLEA, Mr Haruna Gagara, at the state […]
Oil Price Rebounds to $66 Ahead of OPEC Meeting
Oil price rose from its biggest slump since November 2020, ahead of a key meeting of the Organisation of Petroleum Exporting Countries (OPEC) that may see some supply returned to a fast-tightening market. US crude rose 2.2 per cent to $62.90 a barrel, after opening at $61.53, and hitting a low of $61.53 while Brent […]
Business News
Investors lose N120bn as stocks resume decline
The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms recorded price losses at the end of trading. The Nigerian Stock Exchange All-Share Index had risen by 0.33 per cent after investors on Monday, the first trading day of the month, after February saw investors […]
CBN-financed farmers cultivated 3.64 million hectares – Emefiele
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the Anchor Borrowers’ Programme of the bank shows the need for all stakeholders to sustain current efforts by the bank to galvanise agricultural production to meet the requirements of Nigeria’s growing population. He said this in Zauro, Kebbi State on Tuesday during […]
Three million Nigerians lost N18bn to Ponzi schemes – SEC
Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday. Director-General, SEC, Lamido Yuguda, said this during a webinar organised by the commission. Ponzi schemes are fraudulent investing scams which generate returns for early investors with money taken from later investors. They are similar to pyramid […]
Petrol scarcity persists, transport fares rise by 100%
Petrol scarcity in Abuja and neighbouring Nasarawa and Niger states persisted on Tuesday and provoked an over 100 per cent rise in transport fares in many locations of the affected areas. Also, hundreds of black marketers of petrol surfaced in various roads in Abuja and environs, as they sold the commodity at between N300 to […]
OPEC cautions Nigeria, others over crude oil production
The Secretary-General of the Organisation of the Petroleum Exporting Countries has said OPEC and its allies need to remain disciplined with their production to ensure full oil price recovery as the global economy continues to rebound from the COVID-19 pandemic. “We must emphasise in strong terms: cautious optimism, cautious optimism, cautious optimism,” Barkindo said at […]
FirstBank launches account to grow SMEs
First Bank of Nigeria Limited has launched an account designed to benefit Small and Medium-scale Enterprises in order to boost national growth and development. It said this in a statement on Monday titled ‘FirstBank unveils FirstSME account, reiterates its commitment to the continued growth of SMEs’. The statement said the SME accounts, namely FirstSME Classic […]
Seplat Posts N191bn Full Year Revenue, to Pay Final Dividend
Seplat Petroleum Development Company Plc, a Nigerian independent energy company listed on both the Nigerian Stock Exchange(NSE) and the London Stock Exchange(NSE), has recorded a revenue of $530.5 million (N190.9 billion)for year ended December 31, 2020, compared with $697.8 million (N214.2 billion). However, Loss after tax stood at N30.712 billion in 2020 compared with a […]
Stock market begins March with N70bn gain
The nation’s stock market started the month on a positive note on the back of price appreciation recorded by UAC of Nigeria Plc and 11 other firms on Monday. Investors in the market had recorded a total loss of N1.37tn in February as market capitalisation tumbled below N21tn amid profit-taking. The Nigerian Stock Exchange All-Share […]
Oil, power firms’ bank debts rise to N5.94tn
The debts owed to Nigerian banks by oil and gas operators as well as power companies in the country rose to N5.94tn at the end of 2020 from N5.25tn in December 2019. The N5.94tn represents 29.16 per cent of the N20.37tn loans advanced to the private sector by the banks as of December, according to […]
Weekly diaspora remittances have reached $30m –Emefiele
The Central Bank Governor, Godwin Emefiele, has said that weekly diaspora remittances rose from $5m to $30. He noted that the initiatives introduced by the Central Bank of Nigeria to boost forex in the country were yielding result. Emefiele spoke during the CBN/Bankers Committee’s initiative for economic growth which was organised with Vanguard on Friday. […]