More suffering for retirees as FG cuts pension spending by 21%

There are indications that more retirees will continue to experience shortfalls and delays in the payment of their pensions, accrued rights and other pension benefits as the budgetary proposal for pensions, gratuities and retirees benefits in the 2024 appropriation bill declined by 21.3 per cent.

Demolitions: Be fair to Easterners, Igbos in UK urge FG, Lagos govt

Igbo Leadership in the United Kingdom and Ireland has called on the Federal Government and Governor Sanwo-Olu of Lagos State to be fair

Tinubu approves blueprint for S’East’s ‘political emancipation’

In what appeared to be a grand design to take over the South East, the ruling All Progressives Congress, APC, yesterday …

Demolition: Court freezes Kano Govt accounts over N30bn compensation 

 Court, sitting in Abuja, has granted a garnishee order freezing not fewer than 24 bank accounts belonging to the Kano State government,

Stop tax waivers, concessions already granted to corporate entities, Senate to FG

Senate has asked the Federal  Government stop tax waivers and concessions already granted to corporate entities as  the country…

Ken Saro-Wiwa and the new pressure for economic justice

“O my body, make of me always a man who questions!” – Frantz Fanon in Black Skin, White Masks By VINCENT OBIA November has formed an indelible spot on the collective memory of the Niger Delta for nearly three decades. The region and, indeed, Nigeria, have ever since marked a bitter anniversary on November 10. On […]

Financial flexibility: Covalensedigital strikes deal with inq. Digital

In a strategic alliance to accelerate Nigeria’s economy and empower businesses with innovative digital tools, a firm that builds software for original equipment manufacturers, OEM, Covalensedigital has struck a partnership deal wiyh  Arficial intelligence, AI, solution provider, inq. Digital Nigeria.

The impact of IUU fishing on blue economy prospects of GoG States

While the concept of blue economy promises improved benefits to maritime states and coastal communities, there have been some identified gaps that should be filled to erase identified impediments capable of reducing the gains of marine endowments. 

COP 28: Collaboration crucial to tackling the climate emergency

By SEGUN OGUNSANYA GOVERNMENT and business leaders from across the world have converged in Dubai in the United Arab Emirates, for the November 30  to December 12 COP 28, the latest “Conference of the Parties”, to review progress on the 2015 Paris Agreement on tackling climate change. It is significant to highlight the role business leaders […]

Tech transfer: NCC charges Nokia to step up investment in Nigeria

The Nigerian Communications Commission, NCC,  tasked the Finnish government to consider technology transfer programme in Nigeria as priority, even as it urged the Finnish top tech company, Nokia Networks to up its game in research and development, R&D in the Nigerian tech ecosystem.

Interior ministry earns N1.19bn from expatriate quotas

The National Assembly, through its joint committee of the Senate and House of Representatives on Interior, tackled the Ministry of Interior on issuance of the expatriate quotas, which it believed, ser… 7th December 2023

Police probe attack on Kogi tribunal secretary

The Kogi State Commissioner of Police, Bertrand Onuoha, has ordered a thorough investigation into the alleged attack on the Secretary of the state Governorship Election Petition Tribunal, David Mike. … 7th December 2023

Ogun plans home for gender-based violence victims

The Ogun State Government on Wednesday said it would provide a befitting accommodation for victims of gender-based violence in the state. Governor Dapo Abiodun made this known in his office at Oke Mos… 7th December 2023

S’Court: 11 justices scale NJC hurdle, await Tinubu’s nod

The National Judicial Council has picked 11 Justices that will fill the vacant positions at the Supreme Court. The constitution prescribes 21 Justices for the apex court but the court currently has 10… 7th December 2023

NDDC promoting clean energy use, says MD

The Niger Delta Development Commission has expressed its determination to embrace clean energy sources through practical approaches such as nature-based solutions and green innovations. The NDDC Manag… 7th December 2023

Lagos politician arraigned for vote-buying, remanded in custody

The Lagos State High Court in Ikeja, on Wednesday, remanded a political party chieftain, Wahab Hammed, who allegedly bribed voters during the 2023 presidential and National Assembly elections in the c… 7th December 2023

FG welcomes Nigerian volunteers from S’Leone

The government of Sierra Leone has awarded the last set of 10 Nigerian volunteers in the Technical Aid Corps programme for carrying out their duties diligently. The volunteers were posted out under th… 7th December 2023 y

Nigeria, Benin to deepen ties ahead of ECOWAS summit

Ahead of the next ordinary summit of the Economic Community of West African States scheduled for December 10, 2023, Nigeria and neighbouring Benin Republic have resolved to deepen economic collaborati… 7th December 2023 y

Ex-lawmaker hails EFCC change of approach

A former member of the House of Representatives and ex-chairman, House Committee on Financial Crimes, Kayode Oladele, has commended the new Chairman of the Economic and Financial Crimes Commission, Mr… 7th December 2023

Lagos seals firm over safety infractions

The Lagos State Safety Commission, on Wednesday, said it had sealed off Monaplax Company Limited, Ojota over safety infractions at the factory resulting in the mangling of the hands of an employee, Ma… 7th December 2023 y

Demolition: Court freezes Kano accounts over N30bn judgment

The Federal High Court in Abuja has granted a garnishee order nisi, against accounts belonging to the Kano State Government in 20 commercial banks in Nigeria. Justice I.E. Ekwo granted the order in a … 7th December 2023 y

INEC yet to receive underage voters’ judgment – Spokesman

The Independent National Electoral Commission, on Wednesday, said it had yet to receive the judgment directing it to fish out its officials involved in the registration of underaged voters. The Federa… 7th December 2023 y

Olugbo restates demand for monarchs’ constitutional roles

The monarch of Ugbo Kingdom in the Ilaje Local Government Area of Ondo State,  Oba Frederick Akinruntan, has said giving constitutional roles to traditional rulers in the country will bring governanc… 7th December 2023 y

FG unveils Nigeria’s Values Charter 2024

The Minister of Information and National Orientation, Alhaji Mohammed Idris, has constituted a committee to finalise Nigeria’s Values Charter to be unveiled by President Bola Tinubu early next year…. 7th December 2023 y

Bandits kill bus driver, abduct passengers in Niger

Bandits rampaging on the federal highways in Niger State have shot dead a bus driver and kidnapped eight passengers during an attack. It was learnt that the bandits have contacted the relatives of the… 7th December 2023

Alumni, group seek empowerment for less privileged

Some groups in the country have emphasised the need to empower the less privileged to boost economic development. They spoke when the Wives of the Nigerian Military School’s 33rd Passing Out Platoon… 7th December 2023 y

Work begins on Marina, Mile 2 interchanges Jan – LAMATA

The Lagos Metropolitan Area Transport Authority has revealed plans to commence the construction of Marina and Mile 2 interchanges in January, 2024. The Managing Director, LAMATA, Mrs Abimbola Akinajo,… 7th December 2023

Gawuna’s legal team knocks Kano gov’s 200 volunteer lawyers

The legal team for the governorship candidate of the All Progressives Congress in Kano State, Nasiru Gawuna, has knocked some ‘200 lawyers’ who have volunteered to represent Governor Abba Yusuf at… 7th December 2023 y

Lagos medical director appeals rape conviction

The Medical Director of Optimal Cancer Care Foundation, Dr Olufemi Olaleye, has asked the Court of Appeal to set aside the order of the Lagos State Special Offences Court which convicted him of rape a… 7th December 2023 y

Third Republic lawmakers demand unpaid salaries

Former lawmakers of the botched Third Republic, on Wednesday, pushed for the immediate payment of their unpaid salaries and allowances to make ends meet. The Third Republic lawmakers were elected from… 7th December 2023

BUSINESS NEWS

Oando subsidiary, C’River sign renewable energy agreement

Oando Clean Energy, the renewable energy subsidiary of Oando Energy Resources, has signed a Memorandum of Understanding with the Cross River State government on renewable energy plans for the state at…

Equity market sustains rebound with N305bn gain

The Nigerian Exchange Limited sustained its bullish sentiments on Wednesday as it closed in the green zone with N305bn added to equity investors’ wealth. Investors had gained N166bn on Tuesday after…

Airlines eye $964bn, Nigeria, African carriers post losses

Nigerian and other African airlines will reduce their losses from $500m in 2023 to $400m in 2024, the International Air Transport Association has said. The Switzerland-based IATA also projected that g… 7th December 2023 y

FG loses N1.2tn to low gas export – Report

Nigeria has N1.2tn to low gas export in 10 years, according to the Statistical Review of World Energy published by the Energy Institute. The report, which was published in collaboration with KPMG, sai…

NIRSAL, Polaris Bank inject N1bn into Rivers poultry farm

In a move to bolster agricultural and agribusiness financing, NIRSAL Microfinance Bank Plc and Polaris Bank have joined forces to provide N1bn working capital facility to Globetrot Farmsponsor Limited…

NNPCL seals gas deals for domestic, international markets

The Nigerian National Petroleum Company Limited, on Wednesday, announced that it had signed two major agreements to deliver Liquefied Natural Gas to the domestic gas market and the international LNG m..

N346bn voted for presidential jets, refreshments, others

The Federal Government is projecting to spend about N346bn on Presidential Air Fleet, presidential vehicles, welfare packages, meals, and refreshments in 2024, according to an analysis of the 2024 bud…

Abbey Mortgage Bank recommits to NGOs’ empowerment

Abbey Mortgage Bank has reaffirmed its dedication to empowering non-profit organisations, emphasizing financial sustainability and positive transformation within the civil society sector. According to…

P&G stops production in Nigeria, says business environment ‘challenging’ 

An American multinational consumer goods firm, Procter & Gamble, popularly known as P&G, has announced that it is winding down its on-ground presence in Nigeria. The Chief Financial Officer, A…

Customs federal operation unit intercepts N873m vehicles

The Nigeria Customs Service, Federal Operations Unit, Zone A, Ikeja said it intercepted 13 units of imported vehicles, nine trailer loads of foreign rice, and 18,100 litres of premium motor spirit wor…

PIA: FG unveils six oil industry anti-competition regulations

The Federal Government, on Wednesday, kicked-off consultations with stakeholders for the consideration of the Midstream and Downstream Petroleum Anti-competition and Consumer Protection Regulations 20…

Be innovative, NGX boss tells new stockbrokers

The newly-inducted dealing clerks of the Nigerian Exchange Limited, have been challenged to be innovative and creative in their activities in the capital market. This charge was given on Wednesday at …

Tanker drivers vow to resist NPA electronic call-up

Tanker drivers under the auspices of the Nigerian Association of Road Transport Owners have threatened to withdraw their services if forced to join the electronic call-up system introduced by the Nige…

All On, GEAPP commit $15m to DART initiative

All On and the Global Energy Alliance for People and Planet pledged an additional $15m to expand the Demand Aggregation for Renewable Technology programme during COP28 on Tuesday. The announcement was… 7th December 2023 y

CDN Oil seals distribution deal with NONIKS Oil

CDN Oil and Lubricants Limited has a multimillion-dollar deal with Noniks Oil and Lubricants,, for the sole distribution of CDN products in Abia and Imo states.  In a statement, Onyewuenyi expressed …

FMDQ urges stakeholders on $30tn sustainability fund

The Head Research, FMDQ Group Plc, Dr Vincent Nwani, has charged capital market stakeholders to do more to attract part of the $30tn sustainability fund available globally into the Nigerian capital ma…

ICC honours ex-CBN Governor, Sanusi

The International Chamber of Commerce Nigeria has honoured the former Governor of the Central Bank of Nigeria, Joseph Sanusi, with the Peace and Prosperity Award. Explaining why Sanusi was honoured du…

NCDMB completes 83% of Nigerian Content Roadmap, says Wabote

The Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, has announced that the agency has completed 83 per cent of the 96 initiatives it started under the Niger…

Flour Mills repays N52bn commercial paper

Food and agro-allied company, Flour Mills of Nigeria Plc, has repaid its N51.64bn Series 2 Commercial Paper. This was revealed in a statement issued by the group following the successful repayment. FM…

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