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Nnamdi Kanu (middle) ..Says SEDC Bill At Conference Committee Stage Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu has revealed that frantic efforts are ongoing to secure the release of the leader of the Indigenous Peoples of Biafra (IPOB), Mazi Nnamdi Kanu. He said that while the court …

The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has said it welcomed the release of the circular of the Central Bank of Nigeria (CBN) on the banking sector recapitalisation. Recall that at the first announcement of the planned recapitalisation by the CBN Governor, Dr. Olayemi Cardoso, ACAMB, …

Dauda Lawal, governor of Zamfara state, says his administration never borrowed N14.26 billion as disclosed in the Debt Management Office (DMO) report. According to him, the debt reported by DMO was part of the proceeds from a N20 billion loan floated by the previous administration in the state. The governor disclosed …

A video of the incident seen captured the moment some of the shop owners were mourning as they watched their properties destroyed by the fire. Several shops were razed by a fire outbreak which started in the early hours of Tuesday at Owode Market in Offa, Kwara State.  A video …

Crude oil prices, on Monday, increased to a five-month high. Brent crude increased by 0.56 percent to $87.54 a barrel while US West Texas Intermediate (WTI) crude rose 0.79 percent, to $83.83 percent, at 20.00 WAT. Consequently, the development puts both crude benchmarks on track for their highest closes since …

Electricity Grid Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms …

  The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. …

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best …

Borno Governor, Babagana Zulum. The Borno State Commissioner of Information and Internal Security, Professor Usman Tar, has confirmed that the government is investigating claims of some non-governmental organizations’ involvement in the fire incidents involving the Internally Displaced Persons(IDPs) Camp in the state. Tar in a statement on Sunday, stated that …

Barely a week after the national grid collapsed, the Transmission Company of Nigeria (TCN) has raised the alarm over a planned attack on its facilities in the Federal Capital Territory. The TCN spokesperson, Ndidi Mbah, in a statement, said there were alerts of planned attacks on the power installations in …