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- February 13, 2025
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PDP protests as fourth Rep defects to APC
The main opposition party, Peoples Democratic Party, on Wednesday, lost yet another member of the House of Representatives, Salisu Koko, representing Koko-Besse/Maiyama Constituency of Kebbi State, to the ruling All Progressives Congress. Koko’s defection from the PDP to the APC comes a day after Amos Magaji, representing Zango Kataf/Jaba Federal Constituency of Kaduna State, dumped
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The main opposition party, Peoples Democratic Party, on Wednesday, lost yet another member of the House of Representatives, Salisu Koko, representing Koko-Besse/Maiyama Constituency of Kebbi State, to the ruling All Progressives Congress. Koko’s defection from the PDP to the APC comes a day after Amos Magaji, representing Zango Kataf/Jaba Federal Constituency of Kaduna State, dumped
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- February 13, 2025
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APC hires private firm for membership e-registration
The All Progressives Congress has officially contracted a private company, Tunmef Global Limited, to commence a nationwide digital membership registration exercise with the ultimate aim of having a comprehensive and up-to-date database of its members ahead of the 2027 general elections. The signing ceremony of the agreement with the contractor was concluded at the party
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The All Progressives Congress has officially contracted a private company, Tunmef Global Limited, to commence a nationwide digital membership registration exercise with the ultimate aim of having a comprehensive and up-to-date database of its members ahead of the 2027 general elections. The signing ceremony of the agreement with the contractor was concluded at the party
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- February 13, 2025
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Equity market gains N779bn
Equity investors gained N779bn on the Nigerian Exchange Limited on Wednesday as the market capitalisation rose to N67.3tn from N66.5tn recorded in the previous trading session, nearing the N70tn mark. The All-Share Index appreciated by 1.17 per cent to close at 107,822.52 points. VFD Group led the gainers’ chart with a 10 per cent increase
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Equity investors gained N779bn on the Nigerian Exchange Limited on Wednesday as the market capitalisation rose to N67.3tn from N66.5tn recorded in the previous trading session, nearing the N70tn mark. The All-Share Index appreciated by 1.17 per cent to close at 107,822.52 points. VFD Group led the gainers’ chart with a 10 per cent increase
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- February 13, 2025
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Recapitalisation may force tier-3 banks to merge – Fitch
Fitch Ratings has said tier-3 banks in Nigeria are more likely to resort to mergers and acquisitions or downgrade their licences as they struggle to meet the Central Bank of Nigeria’s new paid-in capital requirements. In a report released on Wednesday, the global credit rating agency stated that while first- and tier-2 banks had made
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Fitch Ratings has said tier-3 banks in Nigeria are more likely to resort to mergers and acquisitions or downgrade their licences as they struggle to meet the Central Bank of Nigeria’s new paid-in capital requirements. In a report released on Wednesday, the global credit rating agency stated that while first- and tier-2 banks had made
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- February 13, 2025
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How Nigeria can meet oil production targets — Shell
The Managing Director of Shell Nigeria Exploration and Production Company Limited, Ronald Adams, has said Nigeria can meet oil production targets and implement ambitious development programmes from deep-water oil and gas operations if it continues with policies to encourage investments and boost output in the sector. Adams emphasised that deep water is a compelling consideration
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The Managing Director of Shell Nigeria Exploration and Production Company Limited, Ronald Adams, has said Nigeria can meet oil production targets and implement ambitious development programmes from deep-water oil and gas operations if it continues with policies to encourage investments and boost output in the sector. Adams emphasised that deep water is a compelling consideration
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- February 13, 2025
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Tariff increase won’t stop power crisis, consumer group tells FG
Electricity consumers have asked the Federal Government to apply caution in its plans to hike electricity tariffs, saying it will not end power outages. The group under the aegis of the Nigeria Consumer Protection Network said tariffs should not be increased unless there is improved power supply to all consumers, regardless of the band they
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Electricity consumers have asked the Federal Government to apply caution in its plans to hike electricity tariffs, saying it will not end power outages. The group under the aegis of the Nigeria Consumer Protection Network said tariffs should not be increased unless there is improved power supply to all consumers, regardless of the band they
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- February 13, 2025
- 30 views
FG seeks partnership with Google on AI innovations
The President, Bola Tinubu, is exploring a strategic partnership with Google to drive Artificial Intelligence innovation and cloud adoption, positioning Nigeria as a leading digital economy in Africa. Tinubu disclosed this on Wednesday via his verified X handle, revealing details of his recent meeting with the Chief Executive Officer of Google and Alphabet, Sundar Pichai,
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The President, Bola Tinubu, is exploring a strategic partnership with Google to drive Artificial Intelligence innovation and cloud adoption, positioning Nigeria as a leading digital economy in Africa. Tinubu disclosed this on Wednesday via his verified X handle, revealing details of his recent meeting with the Chief Executive Officer of Google and Alphabet, Sundar Pichai,
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- February 13, 2025
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Ogoni oil communities threaten mass action over alleged exclusion from exploration talks
Oil-bearing communities in the Gokana Local Government Area of Rivers State have threatened mass action over alleged exclusion from ongoing negotiations with the Federal Government on the resumption of oil production in the area. The communities, Mogho, K-Dere, B-Dere, Bera, Bodo, Kpor and Gbe, said though they were not opposed to the resumption of oil
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Oil-bearing communities in the Gokana Local Government Area of Rivers State have threatened mass action over alleged exclusion from ongoing negotiations with the Federal Government on the resumption of oil production in the area. The communities, Mogho, K-Dere, B-Dere, Bera, Bodo, Kpor and Gbe, said though they were not opposed to the resumption of oil
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- February 13, 2025
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Jonathan’s kinsmen applaud Tinubu for Ogbuku’s reappointment as NDDC MD
The people of Ogbia kingdom in Ogbia Local Government Area of Bayelsa State have lauded President Bola Ahmed Tinubu for the reappointment of their son, Dr Samuel Ogbuku, as the Managing Director of the Niger Delta Development Commission. Addressing a press conference on Monday in Yenagoa, they also appealed to the various aggrieved groups, including
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The people of Ogbia kingdom in Ogbia Local Government Area of Bayelsa State have lauded President Bola Ahmed Tinubu for the reappointment of their son, Dr Samuel Ogbuku, as the Managing Director of the Niger Delta Development Commission. Addressing a press conference on Monday in Yenagoa, they also appealed to the various aggrieved groups, including
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- February 13, 2025
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Tony Elumelu Foundation partners UAE entities to empower African entrepreneurs
The Tony Elumelu Foundation has signed a $6m partnership agreement with the United Arab Emirates Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation (an affiliate of Erth Zayed) to provide business training, mentorship, access to networks, and non-refundable $5,000 seed capital to an additional 1,000 young African entrepreneurs. According to a statement
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The Tony Elumelu Foundation has signed a $6m partnership agreement with the United Arab Emirates Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation (an affiliate of Erth Zayed) to provide business training, mentorship, access to networks, and non-refundable $5,000 seed capital to an additional 1,000 young African entrepreneurs. According to a statement
