Nigeria News
Six months after, ADC demands cancellation of Yobe LG polls over alleged irregularities
The African Democratic Congress (ADC) in Yobe State has demanded the cancellation of the June 2024 local government election conducted by the State Independent Electoral Commission (SIEC) over alleged irregularities. ADC’s Yobe State Chairman, Umar Kalli Alhaji, made this call during a press briefing held in Damaturu, alleging that the commission had denied the party’s […]
PDP: Damagum, Anyanwu serving tea, Kilishi in Gbajabiamila’s House – Adeyanju alleges
Activist lawyer, Deji Adeyanju has accused the acting National Chairman of the Peoples Democratic Party, PDP, Umar Damagum of serving tea in the house of President Bola Tinubu’s Chief of Staff, Femi Gbajabiamila. Adeyanju also accused PDP’s National Secretary, Sam Anyanwu of serving ‘Kilishi’ in Gbajabiamila’s House. He made the claims while disclosing that Tinubu […]
70 per cent of Nigerians refused to pay bribes in 2023 – ICPC
The Independent Corrupt Practices and Other Related Offences Commission, ICPC, says 70 percent of Nigerians who were approached for a bribe in 2023 refused to comply. Chairman of the Commission, Musa Aliyu made this revelation in a statement on Monday during an ICPC roundtable with state attorneys-general in the north-west region, held in Kano. DAILY […]
Tax reform bills will end elites’ financial recklessness – Bishop Kukah
Catholic Bishop of Sokoto Diocese and founder of the Kukah Centre, Most Reverend Mathew Kukah, says the controversial tax reform bills of Bola Tinubu’s administration will end the elites’ financial recklessness. Bishop Kukah made this statement on Channels Television’s Morning Brief on Tuesday. He urged the Federal Government to ensure that the ongoing reforms lead […]
Navy warns officers against indiscipline, corruption
The Nigerian Navy has declared zero tolerance for indiscipline and corrupt practices among the senior and junior officers as well as the ratings, especially in the anti-crude theft and anti-illegal bunkering patrols. The Commanding Officer, Forward Operating Base Escravos, Navy Cpt I.F. Okoloagu, while addressing the naval personnel on Monday, also told them that the […]
NEMA distributes relief materials to Kano flood victims
The National Emergency Management Agency has distributed relief materials to not less than 198 households affected by the 2024 flood disaster in Kano Municipal Federal Constituency, its official has confirmed. NEMA Coordinator of the Kano Territorial Office, Dr Nura Abdullahi, disclosed this while flagging off the distribution exercise in Kano on Sunday. “The gesture was […]
ASUU hails Okpebholo for reinstating sacked varsity workers
The Academic Staff Union of Universities, Ambrose Alli University chapter, has lauded Edo State Governor, Monday Okpebholo, for reinstating staff members of the university who were unlawfully disengaged under the Godwin Obaseki’s administration. In a statement on Monday, the Secretary to the State Government, Umar Ikhilor, announced Okpebholo’s approval for the reinstatement of the sacked […]
Members leaving Adamawa APC in droves – Concerned Party men tell Ganduje
Some past leaders and other members of the All Progressives Congress, APC, in Adamawa State have cried out over the alleged dwindling fortunes of the party in the state. The APC stakeholders who held a meeting in Yola on Sunday to drum up their call for reconciliation to reposition the party, said the party which […]
Akpeki remains Acting Chairman, Sobotie on medical vacation – Delta APC confirms
The All Progress Congress, APC in Delta State on Sunday confirmed that Chief Paulinus Akpeki is the Acting State Chairman of the Party. The party stressed that Chief Paulinus Akpeki remains Acting State Chairman In the Absence of the State Chairman in accordance with Article 14:2(iii) of the APC Constitution. The APC also noted that […]
Tax Reform bills: Reconsider your stance like Obasanjo, Jonathan – Kwankwaso to Tinubu
The National leader of the New Nigeria People’s Party, NNPP, Rabiu Kwankwaso, on Monday urged President Bola Tinubu to reconsider his stance on the Tax Reform Bills in the interest of Nigerians. Kwankwaso said like former presidents Olusegun Obasanjo and Goodluck Jonathan withdrew some critical bills in the interest of Nigerians, Tinubu should reconsider his […]
Business News
Stanbic IBTC Bank Says November Inflation Hindered Business Operations
The Stanbic IBTC Bank, has Purchasing Managers Index (PMI) report has shown that rates of inflation in the Nigerian private sector remained elevated in November, further hampering business operations. There were some signs of improvement midway through the final quarter, however, as new orders returned to growth and the decline in output softened. That said, […]
MAN Says Existing Conditions Bridles SMEs Fund Accessibility
The Manufacturers Association of Nigeria (MAN) is seeking review of existing conditions for fund accessibility by Small and Medium Enterprises (SMEs). The Association said existing stringent conditions had bridled SMEs opportunity to raise capital to meet their obligations. The MAN is therefore suggesting that the Government recapitalises the Bank of Industry (BOI) to meet […]
TotalEnergies N1.25 Trillion Gas Investment To Transform Nigeria’s LNG Industry
Key investment plan announced by TotalEnergies is expected to expand Nigeria’s gas production capacity and further increase Liquified Natural Gas (LNG) supply. The French energy company giant announced a significant investment of about $750m (N1.25trn) gas project to boost LNG supplies. The project, hopefully going to be sanctioned next year, follows a $500m investment in […]
FG engages three US lenders for $2.2bn Eurobonds
Nigeria is returning to the international capital markets for the first time in over two years, issuing Eurobonds to bridge its growing fiscal deficit. According to a document presented to potential investors, which was seen by The PUNCH on Monday, the government will offer a 6.5-year bond and a 10-year benchmark-sized bond, with expected yields […]
Nigeria, others need $100 oil to balance budgets – Report
Emerging economies that produce oil, like Nigeria, Angola and Ecuador, need prices to be around $100 per barrel to balance their budgets, according to a report by Reuters on Monday. It noted that lower oil prices would be more harmful to economies that relied heavily on oil revenue for dollars. “They don’t have any savings […]
E-transfer levy: Consumers kick as POS operators raise charges
Operators of Point-of-Sale terminals raised their charges on Monday in line with the implementation of the Electronic Money Transfer Levy of N50 by the Federal Inland Revenue Services charged on any electronic inflow of N10,000 and above. Several fintech platforms on Sunday notified their customers that they would start the collection of N50 as an […]
Wema Bank awards N145m to outstanding innovators
Wema Bank has concluded the 5th edition of its Hackaholics initiative, a programme designed to empower and support the nation’s brightest tech innovators. The grand finale, which took place recently in Lagos, witnessed a remarkable showcase of ingenuity and problem-solving prowess, culminating in seven startups sharing N145m in prize money—nearly double the initial prize fund […]
FG auditors probe NNPCL’s N2.7tn subsidy refund claim
The Office of the Auditor-General of the Federation has received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim by the Nigerian National Petroleum Company Limited against the government, The PUNCH reports. This is as the procurement department of the finance ministry obtained the terms of reference and the scope […]
SEC warns investors from transacting business with Marino FX
The Securities and Exchange Commission, SEC, has warned the public not to transact any business with Marino FX Limited, saying the company is not registered by the Commission to operate in any capacity in the capital market in Nigeria. In a notice issued yesterday the Commission stated, “We hereby notify the public that Marino FX […]
Manufacturers should be shielded from spurious consumer claims — MAN
The Manufacturers Association of Nigeria (MAN) has emphasized the need to shield genuine manufacturers from “spurious” claims under the guise of consumer rights protection. Director General of MAN, Segun Ajayi-Kadir, said this at a webinar organised by the association with the theme, “Balancing the Equation between Consumer Protection and Manufacturers’ Rights”. According to Ajayi-Kadir, there […]