Shaibu and Obaseki, former allies, fell off in the former’s quest to become the governor of Edo State. The Edo State Governor, Godwin Obaseki, has said that he could not risk backing Philip Shaibu to succeed him as the leader of the state. Shaibu and Obaseki, former allies, fell off …
Read More »Fleeing Binance Executive, Anjarwalla Will Be Extradited, INTERPOL Assures
Binance Executive, Nadeem Anjarwalla The International Criminal Police Organisation (INTERPOL) has disclosed that fleeing crypto chief Nadeem Anjarwalla will be smoked out and extradited to Nigeria to face tax evasion. Vice President of INTERPOL (Africa) Executive Committee, Garba Umar, made this known on Channels Television’s Sunrise Daily programme on Tuesday. …
Read More »Backward Integration: Dangote Targets 700,000MT of Refined Sugar in Four years
…As Q1 revenue rise by 20.1% to N122.7bn Dangote Sugar Refinery Plc (DSR) has unveiled plans to produce 700,000 metric tonnes of refined sugar from locally grown sugarcane in the next four years, through its Backward Integration Programme (BIP). Chairman of Dangote Sugar Refinery Plc, Aliko Dangote stated this …
Read More »Insecurity: North Must Develop Its Economy Without Further Delay – Gov Yahaya
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 …
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