Tech startups in Nigeria are hopeful for expansion following the government’s plan to increase investments to $75 billion revenue target by 2025. The Minister of Industry, Trade and Investment Otunba Niyi Adebayo at the recent stakeholders’ meeting on E-commerce and Digital Trade Policy for Nigeria stated that the inherent opportunities …
Read More »EFCC to Arraign Olasupo Shasore Over Alleged Money Laundering
Olasupo Shasore A former Lagos State Attorney General and Commissioner for Justice, Olasupo Shasore (SAN), is set to go for trial over alleged cases of money laundering. The Press Nigeria understands that the Nigerian government through the Economic and Financial Crimes Commission (EFCC) filed a case against the citizen …
Read More »Dangote: Our acquisition of Obajana Cement plant followed Due Process
*Obajana Cement PLC was incorporated in 1992 and as at 2002 had no paid up shares * Kogi State has no equity interest in Obajana Cement Plc * The plant and machinery were conceived, designed, procured, built, and paid for solely by DIL, well after it acquired the shares in Obajana Cement …
Read More »Standard Chartered Bank fraud: Court adjourned till January 19 for trial of suspects to commence
The presiding Judge of Federal high court sitting in Lagos south west Nigeria, Justice Peter Lifu has adjourned till 19th of January,2023, for the trial of four accused persons alleged to have defrauded Standard Chartered Bank to the tune of N223,865,708.08 to commence. According to four count amended charge …
Read More »NIPCO completes acquisition of majority stake in Abuja-based Sheraton Hotel
Nipco Plc says its wholly-owned subsidiary, 22 Hospitality Limited, has acquired a majority stake in Capital Hotels Plc (CHP), owners of Abuja-based Sheraton Hotel. Nipco is a downstream operator in the oil and gas industry. Lawal Taofeek, spokesperson, Nipco, made this known in a recent statement. According to the statement, …
Read More »Nigeria Voted For Change In 2015.. But Got Poverty, Insecurity – Atiku
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says he will tackle poverty and insecurity if elected in the 2023 general election. The former vice-president spoke on Monday at the of the PDP presidential campaign in Uyo, the capital of Akwa Ibom. Abubakar, said when PDP was in …
Read More »Why I Refused To Join Atiku’s Campaign- Sam Amadi
Former Chairman of the Nigerian Electricity Regulatory Commission (NERC), Sam Amadi, has explained why he rejected his appointment into the campaign council of the presidential candidate of the Peoples Democratic Party, (PDP), Atiku Abubakar. He said that his rejection of the appointment was based on some roles he occupies which …
Read More »Peter Obi: Afenifere replies Gov. Akeredolu
The Labour Party presidential candidate with Pa Adebanjo, leader of Afenifere. The pan-Yoruba socio-political organization, Afenifere, has replied to the statement credited to Governor Rotimi Akeredolu over the group’s endorsement of Peter Obi. The Ondo State governor had in a statement said “Afenifere doesn’t speak for the Yoruba people on …
Read More »Musician Harrysong arrested at Lagos airport
Harrysong Operatives of the Lagos Police Command have picked up popular singer, Harrison Tare Okiri, better known by his stage name Harrysong, at the Muritala Muhammad International Airport, Ikeja. SP Benjamin Hundeyin, the Police Public Relations Officer (PPRO), confirmed the arrest. This comes a few days after he called out …
Read More »Sanwo-Olu receives approval letter for Lekki airport
minister of aviation, Hadi Sirika handling over the letter to Governor Babajide Sanwo-Olu Babajide Sanwo-Olu, governor of Lagos state, has received a letter of approval for the construction of the Lekki airport. The letter was presented to the governor by Hadi Sirika, minister of aviation, at the Ehingbeti Lagos Economic …
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