NDDC, NLNG sign pact to maximise development impact in Nigeria’s oil region

October 11, 2023

…Development experts wait to see results on 30m locals BEN EGUZOZIE The Niger Delta Development Commission (NDDC) and Nigeria LNG Limited (NLNG) have signed a Memorandum of Understanding (MoU) to leverage shared aspirations and maximise development impact in Nigeria’s harried oil region. Both outfits would collaborate on diverse fronts in the delivery of sustainable development […]

CBN postpones September’s MPC meeting indefinitely

September 21, 2023

CBN threatens to revoke banks’ forex licence over diaspora remittances in naira

Business A.M The Central Bank of Nigeria (CBN) has announced the postponement of its 293rd Monetary Policy Committee (MPC) meeting to decide the future interest-rate direction originally scheduled for Monday and Tuesday September 25 and 26, 2023 respectively. The development was communicated in a circular published on the CBN website The apex bank’s decision to […]

Financial expert,Aletor advocates industrial hubs to boost Edo State’s economy

September 12, 2023

…Eyes Labour Party governorship ticket  By Onome Amuge. Adolphus Aletor, the managing director and chief executive of Rigo Microfinance Bank, has challenged the Edo State government on the need to improve the state’s economy through the establishment of industrial hubs where companies can share common infrastructure like power, water, road, and labour in order to […]

Tribunal dismisses LP’s allegation of electoral rigging in favour of Tinubu

September 6, 2023

By Cynthia Ezekwe. The Presidential Election Petitions Tribunal (PEPT), sitting in Abuja, has ruled out the allegation by the Labour Party (LP), and its  presidential candidate,  Peter Obi, that the 2023 presidential election was rigged in favour of President Bola Tinubu. The court, in its preliminary ruling  by Justice Abba Mohammed, held that the Obi/LP  […]

Tribunal rejects APM’s petition against Tinubu,Shettima

Isaac JayeolaSeptember 6, 2023

Business A.M The Presidential Election Petition Court (PEPC) has struck out the petition filed by the Allied Peoples Movement (APM) against President Bola Tinubu and Vice President Kashim Shettima. The court,in its  ruling which was read by Justice Haruna Tsammani, the panel’s chairman,deemed the APM’s case as lacking competence because it involved pre-election matters, which […]

Tinubu appoints new board, management for NDDC

August 30, 2023

Business A.M President Bola Tinubu has approved the appointment of a new board and management team to take up the reins of the Niger Delta Development Commission (NDDC) and implement significant changes in the commission’s organisational structure. Ajuri Ngelale, special adviser to the president on media and publicity, made the disclosure in an official communication,stating […]

Engineers recommend construction of control dams to avert looming flood

August 30, 2023

Business A.M The Nigerian Society of Engineers (NSE) has called for immediate construction of flood control dams along the Rivers Niger and Benue to ward off flooding likely to be occasioned by the release of Lagdo dam in Cameroon. Tasiu Gidari-Wudil,the NSE president,stated this at a news conference in Abuja on Monday. The NSE’s call […]

Tinubu seeks senate approval on military deployment to Niger Republic

Isaac JayeolaAugust 4, 2023

Tinubu signs data protection bill into law

President Bola Tinubu has written to the senate  concerning the coup in Niger Republic, while seeking support for  military intervention and other resolutions agreed by the Economic Committee of West African States (ECOWAS) on how to return Mohamed Bazoum to power after the democratically elected president was toppled by his guards. Tinubu, Nigeria’s president and […]