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Spokesperson to the Osun State Governor, Olawale Rasheed on Sunday confirmed that Governor Ademola Adeleke and some of his aides recently narrowly escaped an aircraft crash. Rasheed alleged that the engine of an aircraft carrying the governor might have been tampered with. It was reported in a national daily that an aircraft carrying Adeleke and some of its aides nearly crashed on September 5, while attempting to take off from […]
The judgment of the Presidential Elections Petitions Tribunal where President Bola Tinubu was reaffirmed as the winner of the contentious February 25 presidential poll may have come and gone, but the memory and impact of the verdict would continue to linger. Tinubu of the All Progressives Congress had scored a total of 8.7 million votes to defeat the presidential candidate of the Peoples Democratic Party, Atiku Abubakar, and his Labour […]
The Nigerian Customs Service, on Sunday, said only two banks were deactivated recently by the NCS over their failure to remit duties collected. It also stated that the erring banks had been reported to the stipulated financial authorities, including the Central Bank of Nigeria, adding that discussions by all the parties were ongoing currently.
The 36 states of the federation received about N1.51tn, or 34.5 per cent of the total N4.37tn shared by the three tiers of the government between January and June 2023, the Nigeria Extractive Industries Transparency Initiative, said on Sunday. It disclosed this in its second quarter ‘2023 Federation Account Statutory Revenue Allocations Report’ released in Abuja. The report showed the states received about N817.79bn from the N2.32tn total distributable allocation […]
At least four banks recorded N478bn non-performing loans during the first half of this year, according to their financial results Specifically, Guaranty Trust Bank Holding Plc (GTCO), FBN Holdings Plc and two other banks reported N478.93bn non-performing loans by value in the half-year ended June 2023, an increase of nearly 16 per cent from N413.36bn reported in the full year ended December 31, 2022. The other two banks are FCMB […]
The US Mission launched its fifth edition of the Academy for Women Entrepreneurs in Nigeria, in partnership with Ascend Studios to empower 120 women in business. In a statement, it disclosed that AWE would provide 120 women entrepreneurs with the knowledge, network, and access needed to launch and scale successful businesses. According to the statement, the participants were selected from over 3,000 applicants from all regions of Nigeria, and already […]
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 Extractive Industries Transparency Initiative, on Monday, announced that Nigeria’s earnings from the solid minerals sector between 2007 and 2021, a period of 15 years, was N814.6bn. NEITI made this public in its latest 2021 industry report of the solid minerals sector, which was unveiled to stakeholders and lawmakers in Abuja. In the report, the agency also stated that Nigeria N193.6bn from the solid minerals sector in 2021. The […]
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