News

Forex turnover hit N22tn in seven months on FMDQ

Forex The turnover of foreign exchange on the FMDQ hit N22.98tn ($44bn) in the period between January and July 2023. This was revealed in the August edition of the FMDQ Spotlight, a monthly publication by the exchange. FMDQ is now the only recognised forex market following harmonisation of the foreign …

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Chiedu Ebie: A technocrat takes on the NDDC, By Tonye Timi

 #image_title #attachment_caption   On the day announcement was made of the appointment of Mr. Chiedu Ebie as new Chairman of the Niger Delta Development Commission (NDDC), the oil flow station at Owa-Alidinma, a shouting distance from Agbor-Alidinma, Chiedu Ebie’s community was crowded with workers and engineers of Pan-Ocean Oil Company …

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Edo deputy gov, Shaibu, withdraws suit against Obaseki

 Obaseki and Shaibu   The Edo State Deputy Governor, Philip Shuaibu, has withdrawn the suit he instituted at the Federal High Court, Abuja, to stop alleged plots by the state governor, Godwin Obaseki, to impeach him. The withdrawal was contained in a circular Shaibu issued dated September 5, 2023. Citing …

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NDDC: Ondo APC lauds Tinubu for replacing PDP chieftain

Chairman, All Progressives Congress in Ondo State, Mr Ade Adetimehin The  Ondo State chapter of the All Progressives Congress has lauded President Bola Tinubu for the recent nomination of its member to the board of the Niger Delta Development Commission. The state chapter of the party, last week kicked against …

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