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 …

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 …

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 …

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 …

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 …

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 …

Unity Bank Plc has engaged students from all the geopolitical zones of the federation as it facilitated financial literacy training in 15 schools as part of activities to mark the 2024 Global Money Week. The Financial Literacy Training was held as a strategy for driving financial inclusion of the Central Bank of Nigeria …

P+ Measurement Services, an Independent Media Intelligence Consultancy, conducted a comprehensive media performance audit of Tunde Onakoya’s historic Chess Marathon, held in the iconic New York Times Square, which got him into the Guinness World Records, after a 60-hour gameplay, surpassing the previous record of 56 hours, 9 minutes, and …

Dangote Cement Plc has disowned a truck laden with cement that collided with a bus on Okene-Lokoja bypass in Kogi State, leading to the death of some passengers. The company however expressed sadness over the incident and condoled with the families of the victims, urging the public to disregard the …

Standard Chartered Bank has announced the appointment of Dalu Ajene is the Chief Executive Officer of the bank’s operations in Nigeria. Ajene takes over from Lamin Manjang, the Vice Chairman Africa and Acting CEO who will be retiring from the bank after 25 years of service, having reached the mandatory …