archive2023

  Oyo State governor, 'Seyi Makinde, on Monday, signed into law an Executive Order establishing the Ministry of Culture and Tourism and another one on the protection of mining communities in Oyo State against insecurity and exploitation. According to a press statement by Mr. Sulaimon Olanrewaju, Chief Press Secretary to...

A Federal High Court, Abuja, on Monday, postponed the hearing of a suit filed by former Minister of Petroleum Resources, Diezani Alison-Madueke, challenging the orders obtained by the Economic and Financial Crimes Commission (EFCC) for final forfeiture of her seized assets. The matter, which was scheduled on number 15 on...

President Bola Tinubu has applauded the judgment delivered by Judge Robin Knowles of the Business and Property Court in London, awarding a landmark victory to Nigeria over a firm known as Process & Industrial Development (P&ID) Limited. Business247 News reports that the court dismissed the $11.5 billion (USD) value of...

  The Chief of Army Staff, Lt.-Gen. Taoreed Lagbaja, has said that the Nigerian Army has acquired electronic warfare capabilities and is now taking advantage of the convergence of electronic and cyber warfare. Lagbaja said this on Monday in Abuja, at the opening of the Maiden Cyber Security Workshop of...

The Minister of Finance and coordinating of the economy, Mr. Wale Edun, has stated that around $10 billion of forex inflows is expected within weeks rather than months. Edun stated this during a panel session at the ongoing Nigeria Economic Summit and answered questions concerning stabilizing the foreign exchange market...

Oyo State governor, 'Seyi Makinde, has appointed a retired military officer, Major Adesagba Adekoya (rtd), as the chairman of the Oyo State Road Traffic Management Authority (OYRTMA). According to a press statement signed and sent to Business247 News on Monday by Mr. Sulaimon Olanrewaju, Chief Press Secretary to the Oyo...

  Vice President Kashim Shettima will deliver a keynote speech at the World Food Prize Foundation’s Norman Borlaug International Dialogue in the USA on Tuesday. Mr. Stanley Nkwocha, Senior Special Assistant to the President, Media and Communications, Office of the Vice President, made this known in a statement on Monday....

Managing Director and Chief Executive Officer of Sterling Bank Limited, Mr. Abubakar Suleiman, has identified the need to fix infrastructure, promote positive narratives about Nigeria and advocacy by stakeholders as critical factors necessary for propelling the growth of Nigeria's tourism industry. Suleiman made these remarks during Sterling Bank's observance of...

According to the recent Internally Generated Revenue (IGR) report from the National Bureau of Statistics (NBS) which was released today, October 23, 2023, Lagos, Rivers and the Federal Capital Territory (FCT) generated the highest amounts of internally generated revenue in 2022. According to the NBS, these are the major highlights...

  The Supreme Court has reserved judgment in the appeal filed by the Presidential candidate of the Peoples Democratic Party, (PDP) in the Feb. 25, election, Alhaji Atiku Abubakar, seeking to dismiss and set aside the judgment of the Presidential Election Petition Court, (PEPC). The court similarly reserved judgment in...