Gombe state governor, Yahaya Inuwa …Let’s Pool Resources To Reinvent North’s Economy – Gov Sani Gombe State governor and Chairman, Northern States Governors Forum (NSGF), Muhammadu Inuwa Yahaya has said on Tuesday that for the north to get out of the current security challenges, it must develop its economic and …
Read More »‘Waste Of Time’ – Court Strikes Out Suits Seeking Ighodalo’s Removal As PDP Edo Guber Candidate
Dr. Asue Ighodalo The Federal High Court sitting in Abuja has struck out two separate suits seeking the removal of the governorship candidate of the Peoples Democratic Party (PDP), Asue Ighodalo in the Edo State gubernatorial poll. The Edo Polls would be held later in the year and Ighodalo was …
Read More »After N392.6bn Net Loss Induced By High-Interest Rate, Naira Crisis, MTN Push For Tariff Hike
MTN Logo Nigeria’s biggest telecoms provider, MTN Nigeria Plc is battling with the country’s harsh operating environment which has dragged it to a N392.6bn loss after tax between January and March. The situation has made the company to lobby for regulatory permission to hike its tariff for voice and data …
Read More »‘Queues Will End In Days’- IPMAN Cautions Nigerians Against Panic Buying
Independent Petroleum Marketers Association Of Nigeria (IPMAN) The Independent Petroleum Marketers Association Of Nigeria (IPMAN), an association that oversees the distribution of petroleum products, has cautioned consumers of premium motor spirit (PMS) against panic buying saying the Nigerian National Petroleum Company Ltd is on top of the situation. The National …
Read More »Electricity Tariff: Falana Accuses FG Of Acting On World Bank, IMF Script
Femi Falana SAN Human rights lawyer, Femi Falana, has critised the Federal Government over its recent decision to increase electricity tariffs, alleging that the move is a direct result of pandering to the dictates of the International Monetary Fund (IMF) and the World Bank. In a televised interview on Channels …
Read More »Our Conduct Of Licensing Rounds, Gas Commercialization Demonstrates Transparency, Accountability— NUPRC
NUPRC Chief Executive, Gbenga Komolafe The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has said that how it conducts licensing rounds and gas commercialisation shows its level of transparency and accountability in carrying out its regulatory functions. The NUPRC said it is also focused on leading effective upstream oil and gas operations to …
Read More »BUA Cement Suffers 49% Decline In Profit As Electricity Bills, Dollar Crisis Erode Gains
Despite the increase in price by cement manufacturers early in the first quarter of the year, BUA Cement Plc has recorded 49.1 per cent fall in profit after tax to N17.96bn from N26.8bn it gained in the same period in 2023. The country’s second-largest cement maker’s unaudited financial statement for …
Read More »Petrol Scarcity Spreads Across Nigeria, Sells For N1300/Litre At Black Market
Motorists and others waited for hours in queues at the few filling stations dispensing the product. Other states that experienced acute scarcity are Oyo, Osun, Ondo, Edo, Anambra, Enugu, Abia, Benue, Plateau, Kaduna, Katsina, Niger and Jigawa. The scarcity first hit the Federal Capital Territory (FCT) last week. But an …
Read More »Customers Panic As CBN Bans Opay, Palmpay, Moniepoint, Others’ New Accounts
Numerous bank customers in Nigeria have expressed concern following the decision by the Central Bank of Nigeria (CBN) to prohibit mobile money operators and fintech firms from onboarding new customers. The CBN directive, however, has received the backing of the Bank Customers Association of Nigeria. As a result, fintech companies such as …
Read More »Tariff Hike: Pay More Or Face Total Blackout – Power Minister
The Nigerian Minister of Power, Adebayo Adelabu, has warned that the country may experience complete lack of electricity in the next three months if the recent hike in electricity tariff is not implemented. He made this statement during an investigation hearing by the Senate Committee on Power in Abuja, concerning …
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