News

Power Station The Federal Government has said that the recent collapse of the national grid had been sorted out. The Minister of Power, Engineer Abubakar Aliyu, said this Wednesday while fielding questions from State House reporters after the Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo …

House of Reps The House of Representatives, on Tuesday, commenced investigative hearing on the N2.6tn owed the Federal Government by 77 oil companies operating in Nigeria. The House is acting on the 2019 report of the Nigeria Extractive Industry Transparency Initiative. The Speaker of the House, Femi Gbajabiamila, threatened that …

The Securities and Exchange Commission (SEC), on Monday, sealed the premises of Oxford International Group, Farmforte Agro-Allied Solutions Limited/Agropartnerships and Vektr Capital Investment, for allegedly engaging in illegal investment activities. The apex capital market regulator accused the companies of carrying out capital market activities without a license. One of the companies — …

Pitan President Muhammadu Buhari has approved the renewal of the appointment of Olukayode Pitan as the managing director and chief executive officer of the Bank of Industry (BoI) for a final term of five years. In a statement issued on Tuesday by the Special Assistant on Media to the Minister …

The Economic and Financial Crimes Commission (EFCC) and the Chairman of Dozzy Oil and Gas LTD, Sir Daniel Chukwudozie, have asked a Rivers State High Court to dismiss a suit filed by the Chairman of Ibeto Group, Chief Cletus Ibeto seeking to stop the EFCC from investigating him over an …

John Akpanudoedehe Sen. John James Akpanudoedehe, national secretary of All Progressives Congress (APC) Caretaker/Extraordinary Convention Planning Committee (CECPC) on Tuesday, said the committee as led by Mai Mala Buni is still intact and that the Yobe governor is still the acting chairman of the party. Akpanudoedehe’s remarks comes as loyalists …

Zainab Ahmed, Minister of Finance, Budget and National Planning Nigeria’s debt service rose by 37% to $2.12 billion in 2021, up from $1.56 billion spent in 2020, data from the Central Bank of Nigeria (CBN) indicate. There was, however, a 58 per cent decline in debt service payment in the …

Atlantic Hall marks its sports day. Atlantic Hall, one of Nigeria’s foremost secondary schools recently celebrated its sports day at the school grounds in Poka, Epe. In attendance were other schools from within Lagos who also participated in the games and sporting activities, see below for some pictures.  

Lelli-Ikoyi link bridge The Lekki Concession Company (LCC) Limited has disclosed plans to recommence toll operations at the Lekki-Ikoyi Link Bridge on April 1. This is coming about 18 months after tolling was suspended at the bridge in the aftermath of protests against police brutality and extrajudicial killings in Lagos …

Abba Kyari The National Drug Law Enforcement Agency, NDLEA, on Monday, urged the Federal High Court sitting in Abuja to deny the suspended Deputy Commissioner of Police, DCP, Abba Kyari, bail. The agency, in a 21-paragraph counter-affidavit it lodged before the court, insisted that Kyari posed a flight risk. It …