Investors In Transcorp Power See ₦378bn Gains In 48 Hours
Following its entrance into the stock market arena, Transcorp Power‘s newly minted status witnessed a remarkable surge in market capitalization by approximately N378 billion within a tight two-day timeframe to reach N2.18 trillion, buoyed by an increase of around N50 per share. On the start of the trading week, Transcorp Power initiated its listing through […]
Delta Gov: Wealth Creation Hinges On Entrepreneurship, Skills
In his remarks on Tuesday, Governor Sheriff Oborevwori of Delta State pinpointed entrepreneurship and skill acquisition as essential drivers for creating wealth in a country struggling with unemployment and economic adversities. Oborevwori made this statement during a meeting at the Government House, Asaba, where he welcomed the State Coordinator of the National Youth Service Corps, […]
Sanctions Dispute: Iran Confiscates US Cargo From Oil Tanker
As per the judiciary’s statement on Wednesday, Iranian authorities have seized the American cargo of an oil tanker that was confiscated last year, attributing the action to US-led sanctions that obstructed the delivery of medication to the Islamic Republic. During April 2023, the Marshall Islands-flagged Advantage Sweet was apprehended while sailing through the Gulf of […]
Wike: Abuja Rail Mass Transit Project Reaches 95% Mark
Minister Nyesom Wike, at the helm of affairs in the Federal Capital Territory, affirmed that the Abuja Rail Mass Transit (ARMT) project is at an impressive 95% completion stage, heightening expectations for its scheduled launch in May. Wike made this announcement during a meeting with the Belgian Ambassador to Nigeria, Mr. Daniel Bertrand, in Abuja […]
Reps Pushes For Correctional Centers Decongestion
Efforts to relieve congestion in the country’s 244 correctional centers were set in motion by the House of Representatives on Wednesday. At a Wednesday plenary session overseen by Deputy Speaker Benjamin Kalu, lawmakers advocated for a thorough revamp of the system. This entails expediting justice for awaiting trial inmates and enhancing the centers to align […]
Wike vows To End Open grazing in Abuja
The Minister of the Federal Capital Territory (FCT) and the former Governor of Rivers State, Nyesom Wike has expressed strong displeasure over the movement of cattle within Abuja city even as he vowed to arrest the situation. Speaking to worried residents of Abuja, Wike noted that plans are on to put an end to the […]
Abia Govt Cries Out Over Attempt To Set Otti Against Govs
The government of Abia State has lamented the orchestrated attempt by those it described as politically-displaced individuals in the State who are desperate to stage a comeback on the back of disinformation, half-truths and outright lies, to set Gov Alex Otti against President Bola Tinubu, his fellow governors and other Nigerians. In a statement by […]
How Power Outage Stalled Plenary At Nigerian Senate
The commencement of plenary in the Senate chamber was delayed on Tuesday after a power outage in the National Assembly which ensured that lawmakers waited for about an hour before power was restored. Africa Today News, New York reports that the power cut by the Abuja Electricity Distribution Company (AEDC) occurred moments before the commencement […]
Biden Appeals To Hamas To Accept Ceasefire By Ramadan
The President of the United States, Joe Biden has appealed to Hamas to consider accepting a Gaza ceasefire deal by the Muslim holy month of Ramadan, while the Palestinian militant group warned talks for a truce and hostage release cannot go on “indefinitely”. In a coordinated effort with Egypt and France, US and Jordanian aircraft […]
How 767 Manufacturers Shut Down In Nigeria In 2023 – MAN
The Manufacturers Association of Nigeria (MAN) has claimed that no fewer than 767 manufacturers shut down operations while 335 became distressed in the year 2023. This came against a backdrop of worsening investment conditions due to growing inflation, volatile exchange rates, and other economic issues. MAN stated this in a statement in which it condemned […]
I’m Not Desperate To Be President Of Nigeria — Peter Obi
The presidential candidate of the Labour Party (LP) in Nigeria’s last general election, Peter Obi reiterated that he has never been desperate to be the President of the country. Obi made this known yesterday while reacting to his award as the Leadership Politician of the Year 2023 at the newspaper’s Annual Conference and Awards event […]
Bank Of Ghana Suspends FX Licences Of GTB, First Bank
The Bank of Ghana has announced the suspension of the foreign exchange trading licences of two Nigerian-owned banks operating in the neighbouring West African nation — Guaranty Trust Bank and First Bank — over what they described as “fraudulent documentation” in their forex operations. In a statement on Monday, the Ghanaian regulator said the suspension […]