President Bola Tinubu has ordered a review of the N8,000 earlier set aside as palliative for 12 million households for six months, even as the government remains silent on the N70 billion allocated to lawmakers. A statement by Dele Alake, special adviser to the President on special duties, communications and strategy, on Tuesday, said the …
Tinubu wants N8,000 palliative to households reviewed Read More »
As electioneering activities heat up in Kogi State ahead of the governorship election scheduled to take place on November 11, 2023, the Federal High Court sitting in Abuja on Tuesday dismissed a case filed by Abubakar Achimugu against Usman Ododo, the governorship candidate of the All Progressive Congress (APC), Ozigi Deedat, and INEC for lack …
Kogi 2023: Court dismisses Achimugu’s case against APC, Ododo, says petition lacks merit Read More »
President Bola Tinubu on Tuesday expressed sadness over the death of 2-year-old Ivan Omhonrina killed by a stray bullet during an operation by officers of the National Drugs Law Enforcement Agency (NDLEA), urging thorough investigations into the incident A statement by Dele Alake, special adviser to the president on special duties, communications and strategy, said …
Tinubu orders probe into killing of baby Ivan by NDLEA operatives Read More »
Kashim Shettima, the Vice President of Nigeria has had a meeting with a delegation from the Nigerian Economic Summit Group (NESG) at the Presidential Villa in Abuja about the upcoming 29th Nigerian Economic Summit. Led by Olaniyi Yusuf, the Chairman of the NESG Board of Directors, the primary purpose of the courtesy visit was to …
Shettima meets NESG delegation to over 28th Nigerian Economic Summit Read More »
Geregu Power Plc has announced it made advance payments of N8.783bn to Italian firm, Ansaldo Energia, for the overhaul of its gas turbine as of the end of June 2023. This was disclosed in the unaudited interim statement of financial position of the Genco for the period ending June 30, 2023, which was filed with …
Geregu pays N8.7bn to Italian firm to overhaul 435 MW power plant Read More »
Nigeria’s equities market rallied further on Tuesday by 1.31percent or N448billion, thanks to stocks like Eterna Plc, PZ Cussons Plc, NEM Insurance Plc and NPF Microfinance Bank Plc and Honeywell Flour Mills Plc. The record positive close on the Nigerian Exchange Limited (NGX) helped push the year-to-date (YtD) return to +24.42percent. Share buy-back activity in …
Introduction There has been much talk about a Second Industrial Revolution for the Third World. The so-called Asian Tigers doggedly researched and produced themselves out of Third to First World, to believe Lee Kuan Yew. From obscurities India and Pakistan detonated atomic bombs to announce their arrival at the industrialised nations’ rendezvous. All eyes are …
Petrol prices at the retail outlets of the national oil company located in Abuja jumped from N537 to N617 per litre on Tuesday, sending shock waves around the country as within minutes other outlets around the country adjusted their prices. Many outlets benchmark the prices of their petroleum products with that of the Nigerian National …
Petrol prices jump 15% in major cities as reality of market forces dawns Read More »
A cross-section of business leaders at the Nigeria 2.0 Summit: Rethinking Key Sectors of the Nigerian Economy, organised by Olaniwun Ajayi, a law firm in partnership with BusinessDay. The event had meaningful discussions on how key sectors can reshape Nigeria’s economy. read more Photos: Dangote, others rethink economy at Nigeria 2.0 SummitBusinessday NGRead More
A visit to an NNPC filling station in the Ikoyi area of Lagos, confirms that the fuel price has been adjusted from N488 to N568 per litre by the company. A fuel attendant confirmed this development, “I came this morning and noticed the adjustment ,” he said. Some other fuel stations, like MRS in Apapa …
Photos: NNPCL raises petrol price to N568/litre in Lagos Read More »