archiveMarch 2022

The attention of the Honourable Minister of Foreign Affairs Geoffrey Onyeama has been drawn to an online publication where he was reported to have said in an interview that Nigeria was ready to impose sanctions on Russia for Invading Ukraine. The Minister clearly said, We would act in the framework...

  Transactions on the Nigerian Exchange Ltd. (NGX) on Wednesday closed on a negative note as investors lost N66 billion in the day trading even as the Market Capitalisation closed at N25.525 trillion, representing a decrease of 0.26 per cent from N25.591 trillion with which began the day trading session....

The Economic and Financial Crimes Commission (EFCC) on Wednesday, February 2, 2022, presented its second prosecution witness, PW2, Peter Ige, an Information System Auditor with Fidelity Bank, in the ongoing trial of the quartet of Olusegun Babasola, Abisola Ahmed, Uchechukwu Uma and Jude Aphaeus, who are staff of the bank...

  The International Monetary Fund (IMF) alongside some economic experts have projected an optimistic economic outlook for the Nigerian economy provided certain macroeconomic fundamentals and policies are met. They made the assertion at the American Business Council (ABC) in partnership with KPMG Nigeria event with the theme: “The Opportunities and...

President of the Senate, Ahmad Lawan, on Tuesday, urged the President Muhammadu Buhari-led government to transmit a bill to the National Assembly to amend the Petroleum Industry Act (PIA). Lawan made the call in his remarks moments before he referred the President’s request for the amendment of the 2022 Appropriation...

The owner of Hilton Hotel Ile-Ife, Dr Rahmon Adedoyin and six other staff alleged to have been involved in the mysterious death of a Master student of Obafemi Awolowo University(OAU) Ile-Ife, Timothy Adegoke, have been moved to Osogbo for trial. The trial begins on Thursday at Osun High Court, Osogbo....

  The Nigerian National Petroleum Company (NNPC) Ltd. on Wednesday said full deregulation of the downstream sector would boost the country’s domestic refining capacity. Mr Mustapha Yakubu, Group Executive Director, Refining, NNPC, said this during a panel session at the ongoing Nigeria International Energy Summit (NIES) in Abuja. Speaking on...

Chelsea owner, Roman Abramovich has put to rest speculations regarding his plan for the English Premier League club as his statement on the club’s website on Wednesday, said he has decided to sell the club. The 55-year-old Russian oligarch has been under the spotlight due to his alleged ties with...

President Muhammadu Buhari has approved $8.5 million dollars to the ministries of Foreign Affairs and Humanitarian, Disaster Management, and Social Development, for the immediate evacuation of over 5,000 Nigerians stranded in Ukraine. These Nigerians slated for evacuation are stranded as a result of the ongoing war between Russia and Ukraine....

  As part of efforts at stopping the ongoing strike by the Academic Staff Union of Universities (ASUU) the Federal Government on Wednesday detailed the intricacies of the agreement which led to the current situation. This was disclosed by the Minister of Labour and Employment, Sen. Chris Ngige, who expressed...