President Muhammadu Buhari has commended energy conglomerate, Sahara Group for hitting the landmark celebration of 25 years in business and for providing 21 per cent of power to Nigerians. “I am particularly enthused that you provide about 21 per cent of power to Nigerians and distribute 15 per cent, and going forward, Sahara Group has […]Read More
Economic dire strait in which average Nigerians find themselves may have caught up with the wealthiest and nouveau riche, pushing many into bankruptcy. Private jet services, a pre-pandemic plaything of very rich and classy Nigerians, have dipped severely. Most of the expensive ‘celebrity birds’, are now an albatross on the wallet of their owners. With lockdowns […]Read More
The federal government through the Ministry of Aviation has expressed its readiness to partner the Magnus aircraft manufacturing industry in Hungary, to establish an assembly plant and commence complete manufacturing of aircraft in Nigeria before the end of the President Muhammadu Buhari administration. The Minister of Aviation, Senator Hadi Sirika, disclosed this interest when he […]Read More
Motorists and commuters in the early hours on Wednesday were stranded on the road following the withdrawal of services by commercial bus drivers, popularly called “Danfo” drivers along Iyana-Ipaja- Ikotun- Igando routes, Alimosho area of Lagos, over alleged extortion and high-handedness of officials of the Lagos State Environmental and Special Offences Unit, taskforce. This led […]Read More
The Ministries of Works and Housing, Defence, Health and Education are to get the highest capital allocation in the 2022 federal budget. This is according to the 2022 Budget Call Circular released on Tuesday night. The circular sets out the requirements and instructions that must be satisfied and followed in the preparation of the 2022 […]Read More
The international oil benchmark, Brent crude, sank on Thursday to its lowest level since May as demand fears and comments from the United States Federal Reserve that it will suspend its bond-buying programme sent prices tumbling. The further decline in prices also came as the spread of the delta variant of the coronavirus that causes […]Read More
The Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has expressed the commission’s readiness to collaborate with relevant Alternative Dispute Resolution professionals as a means to ensuring effective dispute resolution in the capital market. Yuguda stated this when the Abuja Chapter of the Chartered Institute of Arbitrators (CIArb), led by its chairman, […]Read More
A new report on board gender diversity trends in Nigeria’s corporate organisations has revealed that, less than a quarter of board positions in companies quoted on the Nigerian Exchange Limited’s (NGX), top 20 quoted companies are occupied by women. The report stated that 56 seats (23.4 per cent), out of 239 board seats available in […]Read More
Governor Godwin Obaseki of Edo State has revealed that his administration has no plans to increase taxes but needs more citizens’ participation in tax payment. Obaseki made this known to newsmen shortly after he visited the state Internal Revenue Service on Wednesday in Benin. The governor said that he visited the service because the tenure […]Read More
Transactions on the Nigerian equities market yesterday closed on a negative note, to overturn the previous day’s bullish sentiment, as market dropped by 0.01, resulting in a mixed movement of four alternating days of gains and losses. The downturn was as a result of investors’ sell interest in the insurance sector, amid an increase in […]Read More
Nigeria has been excluded from a list of countries whose citizens are eligible to obtain visa-on-arrival in the United Arab Emirates, UAE. Etihad Airways on Wednesday released a list of countries whose travellers landing at Abu Dhabi airport can receive visas from its immigration desks. Countries such as the U.S., China, Maldives, France, and Russia […]Read More
Following the industrial action embarked upon by block moulders in Ondo State over the sudden hike in the price of sharp sand by tippers and quarry owners in the State, Governor Oluwarotimi Akeredolu has ordered the immediate ban of the activities of the latter’s operations across the State. According to the Governor, the move became […]Read More
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