Nigeria News
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SDP suspends embattled Kogi chairman for alleged anti-party activities
The Socal Democratic Party, SDP, has suspended its embattled Kogi State chairman, Moses Peter Oricha, for alleged indiscipline and anti-party activities. The suspension of Oricha was contained in a letter dated July 22, 2024, which was signed by the National Secretary of SDP, Olu Agunloye. The letter reads in part: “In particular, the National Working […]
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LG poll: Osun NNPP primary election set for August
The Osun State chapter of the New Nigeria Peoples Party, NNPP, has unveiled the dates for primary election in preparation for the local government election in the state. The party also announced its readiness to accommodate aspiring youths. In a statement issued by its chairman and acting secretary, Dr. Tosin Odeyemi and Ayegbaju Celestina, respectively, […]
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Iwuanyanwu was visionary – Ohanaeze confirms death of President-General
Apex Igbo socio-cultural organization, Ohanaeze Ndigbo has confirmed the death of its President General, Emmanuel Iwuanyanwu. Ohanaeze said Iwuanyanwu introduced visionary dimensions to the operations of the organization. Iwuanyanwu died on Thursday in Abuja and was announced by his son, Jide The deceased assumed office as the president general of Ohanaeze Ndigbo on April 30, […]
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WHO Teams Up With IOC And France To Support Healthy Paris Olympics
The World Health Organization is taking part in the Paris Olympics in multiple fields, supporting the International Olympic Committee (IOC) and France to help make the world’s leading sport spectacle, which officially starts this Friday, healthy and safe for spectators and athletes alike. “Just as athletes and fans around the world have been preparing for […]
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Nigerian Govt To Issue $500 Million Dollar-Dominated Domestic Bond
The federal government has announced plans to issue $500 million in domestic foreign currency-denominated bonds in three to four weeks’ time. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Edun said this during a quarterly press briefing in Abuja, themed ‘Economic Recovery and Growth: Progress and Prospects 2024’. He said: “We […]
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Alleged Economic Sabotage: Senate Invites Dangote, NNPCL, CBN, NIMASA, Others
The Senate has revealed plans to summon the Central Bank of Nigeria (CBN), Nigeria Port Authority (NPA), Nigerian National Petroleum Company Limited (NNPCL), Dangote Group, and Minister of State for Petroleum, Heineken Lokpobiri among others, for questioning over alleged economic sabotage in the country’s petroleum industry. This was made known by the Leader of the […]
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Sign HIV Anti-stigma bill into law – INGRA begs Gov Ododo
The Initiative for Grassroot Advancement INGRA in Nigeria has appealed to Governor Ahmed Usman Ododo to sign into law an HIV Anti-stigma bill which was recently passed by the Kogi State House of Assembly. The Executive Director of INGRA, Hamza Aliyu made the appeal on Thursday in Lokoja at a media round table on advancing […]
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Shun planned nationwide protest, Kalu begs South East youths
The Deputy Speaker of the House of Representatives, Benjamin Kalu, has urged Nigerians, particularly youths of the South East extraction, to shun the planned nationwide strike. He said the youth instead, should engage in dialogue with the Federal Government to address challenges facing the country. This was just as the lawmaker stated that President Bola […]
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I remain SDP chairman in Kogi – Oricha knocks NWC over Caretaker Committee
Oricha disclosed this on Thursday morning in a chat with DAILY POST correspondent in Lokoja. He alleged that the Chief Sam Ranti Abenemi-led SDP Caretaker Committee was working against the interest of the party in Kogi State. “We won’t allow the former Deputy governorship candidate to illegally impose himself on us in a party we […]
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Dangote, local refineries to end fuel importation
Owners of local refineries in Nigeria, including the Dangote Petroleum Refinery, say they can help the country stop the importation of refined petroleum products in 18 months if the Federal Government works with their plans. The refiners, who spoke under the aegis of the Crude Oil Refiners Association of Nigeria, said there are other refineries […]
Business News
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Crude supply: N’Assembly probes $10bn oil theft, summons NNPC, Dangote
Between January and July 2024, Nigeria lost an average of 437,000 barrels of crude oil daily, worth about $10bn due to theft, vandalism, and other criminal activities, the House of Representatives declared on Thursday. As a result, the House of Representatives Special Committee on Oil Theft and Losses commenced investigations into the illegal lifting of […]
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FCMB posts N59.5bn profit
FCMB Group improved profit for the first half of the year by 68.1 per cent to N59.5bn from N35.4bn recorded in the same period last year. This was disclosed in the group’s quarterly report and financial statements for the period ended June 30, and filed with the Nigerian Exchange Limited on Wednesday. FCMB’s gross earnings […]
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CAP profit dips by 42% on rising costs
Chemical and Allied Products Plc has reported a 42 per cent decline in profit after tax for the second quarter of 2024. The company’s post-tax profit fell from N895m in Q2 2023 to N517m in Q2 2024, driven by escalating raw material costs and shrinking margins and pre-tax profit dropped by 42 per cent from […]
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New NPA boss makes port infrastructure renewal top agenda
THE newly appointed Managing Director of Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has identified the speedy rehabilitation of dilapidated port infrastructure across the nation as his topmost priority. Dantsoho, who was speaking during an unscheduled visit to Tin Can Island Port (TCIP) on Monday, also vowed to collaborate with port stakeholders in a bid to […]
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Dangote, local refineries to end fuel importation
Owners of local refineries in Nigeria, including the Dangote Petroleum Refinery, say they can help the country stop the importation of refined petroleum products in 18 months if the Federal Government works with their plans. The refiners, who spoke under the aegis of the Crude Oil Refiners Association of Nigeria, said there are other refineries […]
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Access Bank revamps QuickBucks, disburses N740bn digital loans in 7yrs
Access Bank Plc said it has advanced a total of 18 million loans valued at N740 billion in the last seven years following the launch of its first digital loan in 2017. The bank also restated its commitment to meet the needs of its retail customers through the revamp of its digital loan platform ‘Quickbucks’ to […]
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Glo rewards subscribers with Glo Flex Win offer
Digital solutions company, Globacom, has launched yet another customer reward offer, tagged Glo Flex Win, through which its subscribers can play and win cash prizes. “Subscribers will be presented with trivia questions, covering a wide range of topics from general knowledge to pop culture, and beyond. With each correct answer, they will not only accumulate […]
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Recognition for Wema at Digital Banker awards
Wema Bank has received a total of three awards of excellence at The Digital Banker Global Sustainable Finance Awards Gala 2024, which held on Thursday, July 18th, 2023. The awards received include Outstanding Sustainable Finance – SME Finance, Best Digital Platform for Sustainable Finance and Sustainable Finance Professional of the Year – Africa. The Digital […]
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MAN seeks total support for local investors
The Manufacturers Association of Nigeria (MAN), yesterday, urged the Federal Government and its agencies to protect local investors and give them the necessary support to thrive in the business environment. MAN said local investors, particularly the Dangote Industries Limited (DIL) play a vital role in driving economic growth, as they pay taxes, create jobs and […]
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Customs generate N80bn in six months at Lagos airport
The Nigeria Customs Service, Murtala Muhammad Area Command, has disclosed that it generated N80.3bn between January and June 2024. This was made known at a press briefing by the command’s Comptroller, Michael Awe, at the Murtala Muhammad Airport Area Command Office on Tuesday. The comptroller said that the figure represented a 107.5 per cent increase […]