archiveAugust 11, 2024

Following the revocation of Heritage Bank’s banking license by the Central Bank of Nigeria (CBN) on June 3, 2024, the Nigeria Deposit Insurance Corporation (NDIC) was appointed as liquidator and the Corporation, in accordance with Section 12(2) of BOFIA 2020 and Section 55 subsections 1 & 2 of the NDIC...

  The Edo State Government has struck a deal with the Benin Electricity Distribution Company (BEDC Plc), to provide prepaid electricity meters for about 500,000 houses across the three senatorial districts of the state. The State Commissioner for Mining, Energy, Oil and Gas, Enaholo Ojiefo disclosed this shortly after signing...

Some eminent Nigerians have revealed plans to hold town hall meeting across the country to proffer solutions to the social and economic challenges being experienced by citizens which triggered the ongoing hardship protests in the nation.   The Convener of the parley, under the aegis of Patriotic Nigerians, Mr. Dumebi...

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to “direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly and thoroughly investigate the spending of $1.5 billion World Bank loan obtained by the 36 states and...

  When questioned about the number of protesters killed and arrested during the demonstration, Omoyele Sowore stated that the organisers have confirmed that 17 people were fatally shot by the Nigeria Police Force. Omoyele Sowore, human rights activist and Convener of the #RevolutionNow Movement, has announced that organisers of the...

  Adeboye speaks on corruption in Nigeria   The General Overseer of the Redeemed Christian Church of God (RCCG) Pastor Enoch Adeboye, has sent a crucial message to Nigerians especially Christians as corruption persists in Nigeria He urged Christians to shun corruption as he noted corruption persists in the country...

The National Drug Law Enforcement Agency (NDLEA), in a nationwide operation, seized multi-billion-naira worth of cocaine concealed in heavy-duty automobile pivot shafts, Ghanaian fabric, Kente, and other items. This was made known in a statement signed by the agency’s Director of Media and Advocacy, Femi Babafemi, and shared on the...

  The crude crisis rocking the Dangote Oil Refinery took a new turn on Friday, after the Dangote Group accused the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) of failing to effectively enforce the domestic crude supply obligations. Former Vice President Atiku Abubakar has called for caution on the part of...

The Chairman United Bank for Africa, Chief Tony Elumelu, has urged the Federal Government and security agencies to reveal the identities of those responsible for the massive theft of crude oil in Nigeria, particularly through vessels moving in and out of the country’s territorial waters. Elumelu made the appeal in...

The Federal Government has officially terminated the contract for Section 1 of the Kano-Maiduguri road project, which had been awarded to Dantata & Sawoe Ltd since 2007. The termination, the Minister of Works, David Umahi revealed, was due to the expiration of the contract’s timeframe, just as he highlighted the...