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The local bourse suffered another day of dip as investors lost N112bn at the close of trading on Thursday. Investors on Wednesday lost N27bn as trading activities slowed as the nation awaited the decision of the Presidential Election Petitions Tribunal. The PEPT affirmed the victory of President Bola Tinubu at the February polls. On Thursday, the market reacted negatively as the amount of loss worsened to N112bn with the market […]
The Nigerian National Petroleum Company Limited is stepping up efforts to combat oil theft in the Niger Delta, as the country’s oil production continues to plummet, writes OPEOLUWANI AKINTAYO In an update on its fight against crude oil theft in the country in July, the Nigerian National Petroleum Company Limited said it uncovered 162 illegal pipeline connections and illegal refineries in the Niger Delta, mostly in Bayelsa State. In a two-minute […]
The Nigeria Labour Congress has vowed to ground the economy as it says the stage is set for a two-day nationwide warning strike in response to the severe economic hardships plaguing the nation on the aftermath of subsidy removal by the Federal Government. This move has garnered widespread support from key stakeholders, including the banking sector, civil society organisations, and workers’ unions, as they unite to address the growing economic […]
Member groups of the Organised Private Sector of Nigeria have told President Bola Ahmed Tinubu to seize the occasion of the G-20 Summit holding in India to woo foreign investors to the country. This came as leaders from the Group of 20 (G-20) economies meets in India’s capital this week to find solutions to some of the world’s pressing problems. The OPS, in separate interviews, said the president must take […]
The Federal Government has appealed to the leadership of the Nigeria Labour Congress to shelve its planned two-day warning strike slated to commence on Tuesday. The appeal was made on Monday by the Minister of Labour and Employment, Simon Lalong, in Abuja. He identified the reverse of the gains already made by FG, among others as the reason for the appeal while promising to attend to the contending issues raised […]
Gabon’s coup leader, General Brice Oligui Nguema, vowed, after being sworn in as interim president on Monday, to restore civilian rule through “free, transparent and credible elections” after a transition and amnesty prisoners of conscience. In a speech after taking the oath of office, Nguema said the elections would be the stepping stone to “handing power back to the civilians,” although he did not give a timeline. Nguema said he […]
The suspended Chairman of Ijebu East Local Government Area of Ogun State, Hon Wale Adedayo, detained since last Friday by the Department of State Security Services has regained his freedom. Adedayo, who spoke with our correspondent in Abeokuta shortly after he was released, disclosed that he was summoned by the DSS based on a petition written against him that he was making inciting comments that could jeopardize public peace. The […]
The delegation of the Federal Government led by the Minister of Information and National Orientation, Mohammed Idris, on Monday, visited the family of Taiwo Akinkunmi, the designer of the Nigerian national flag, who died at the age of 84 in Ibadan, Oyo State capital. Akinkunmi died on Tuesday after a brief illness. One of his children announced this through his Facebook account.
Petrol queues lingered across Lagos and Ogun states on Wednesday, just as oil marketers predicted tougher days ahead in terms of product availability. Several motorists were seen on queues at filling stations across the states with some oil sector operators saying the fuel scarcity might not go away any time soon. In an update on the prevailing situation, the Chairman of Satellite Depot, Independent Petroleum Marketers Association of Nigeria, Lagos, […]
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