A High Court of the Federal Capital Territory (FCT) in Maitama has acceded to the request by the Economic and Financial Crimes Commission (EFCC) to be allowed to present two witnesses virtually in the trial of former Governor of the Read more…
Category: Business
The World Bank has urged the federal government not to reverse the ongoing economic reforms, warning that such a move could have negative implications for Nigeria. Recall that the President Bola Tinubu-led administration implemented significant policies, including the removal of Read more…
A total sum of N1.298 trillion September 2024 Federation Accounts revenue has been shared to the Federal, States and the Local Governments. The revenue distribution was announced at the October 2024 meeting of the Federation Accounts Allocation Committee (FAAC), in Read more…
The Senate on Wednesday named a replacement to take over the legislative assignments of the late Senator Ifeanyi Ubah, who passed away on July 24 in London. Ubah, a member of the ruling All Progressives Congress (APC, Anambra-South), was the Read more…
The Transmission Company of Nigeria (TCN) has announced that the national grid has successfully restored about 90 per cent of bulk power supply across its substations nationwide, following a system collapse that plunged the country into a blackout. TCN spokesperson Read more…
The naira has been listed among the worst-performing currencies in Sub-Saharan Africa in 2024. This is according to the latest edition of Africa’s Pulse, a new report by the World Bank. As of the end of August 2024, the naira Read more…
By Uzo Ugwunze The Standards Organisation of Nigeria (SON) has joined the global community in celebrating World Standards Day,l emphasizing its commitment to standardization, quality assurance, and conformity assessment. According to a press release made available to newsmen, the Director Read more…
Nigeria’s petroleum marketers are upbeat they will sell Premium Motor Spirit (Petrol) cheaper than that of Nigerian National Petroleum Company Limited if Dangote Refinery begins direct sale of petrol to them. The spokesperson of the Independent Petroleum Marketers Association of Read more…
The nation has again been plunged into total darkness following the collapse on Monday evening of the national grid system for the sixth time in 2024. Distribution companies confirmed this on Monday through statements to inform their respective consumers where Read more…
Air Peace has assured the public that the ongoing legal case involving its CEO, Allen Onyema, and Chief of Administration and Finance, Ejiroghene Eghagha, will not disrupt its daily operations. The airline confirmed that both executives remain innocent of the Read more…
The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Read more…
The 2023 Labour Party, LP, presidential candidate, Peter Obi, on Saturday, charged President Bola Tinubu to reverse the sudden hike in the pump price of fuel. Obi described the sudden price hike by the Nigerian National Petroleum Company Limited, NNPCL, Read more…