JV debts
2 hours ago
• Concerns over $8b loans, JV debts amidst worsening oil production • Politically-constituted board worry stakeholders • $2.9b PH, Warri, Kaduna refineries in limbo • ‘Rationalise portfolios, sack current management, address transparency issues’ Two years after the transitioning of the country’s oil company, Nigerian National Petroleum Company Limited (NNPC) Limited, into a commercial entity, the…
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20 mins ago
Nigeria's leading beverage manufacturer, Seven Up Bottling Company, has launched a new consumer-centric TV commercial for its vibrant and award-winning innovative energy drink brand, Supa Komando. The commercial themed ‘Fire On Naija’, was unveiled during the Big Brother Naija season 9 premiere on Sunday, 28th July 2024 featuring OAP and hype man, Do2tun ‘The Energy…
49 mins ago
A Professor of Law, Samson Erugo (SAN), says workers of the Local Council Development Areas (LCDA) remain legitimate employees of the respective states where they operate. Erugo disclosed this in a telephone interview with the News Agency of Nigeria (NAN) in Lagos. He was reacting to the fate of the employees of the LCDAs in…
2 hours ago
• Airtel projects $4m loss as engagements with customers continue • Adegboruwa: Telcos trying to restrict Internet, frustrate protest Ahead of the July 31, 2024, extended deadline handed to telecoms operators by the Nigerian Communications Commission (NCC) for the completion of the NIN-SIM linkage, millions of subscribers yesterday woke up to have their telephone lines barred.…
2 hours ago
The Police Command in Yobe says the Boko Haram insurgents have planned to infiltrate the planned nationwide protest in the state. The spokesman of the command, DSP Dungus Abdulkarim, stated this in a statement on Saturday in Yobe. He said intelligence received by the command indicated that foreign mercenaries were engaged to destroy lives and…
2 hours ago
There is growing concern over the huge revenue Nigeria gives up yearly in tax waivers, which experts estimate at N6 trillion yearly. Although some economists believe it is not lost revenue since it is meant to serve as an incentive to attract more investments, their worry stems from the fact that the country has not…
2 hours ago
Peter Obi, the Labour Party's 2023 presidential candidate, has defended his "beloved brother" and “trusted ally," Kenneth Okonkwo, after the latter publicly criticised Obi in an open letter. The former Anambra State governor further cautioned his supporters from attacking Okonkwo, insisting that despite their recent differences, Okonkwo stood by him through “thick and thin.” Okonkwo,…
2 hours ago
Speaker of the House of Representatives, Tajudeen Abbas, has assured Nigerians abroad that the much- expected diaspora voting will happen during the tenure of the 10th Assembly. Abbass gave the cheering news during the 2024 National Diaspora Day under the auspices of Nigerians in Diaspora Commission (NIDCOM) in Abuja. Represented by his deputy, Benjamin Kalu,…
3 hours ago
The former Managing Director of National Inland Waterways Authority (NIWA), Dr. George Moghalu, has expressed sadness over the sudden demise of Ifeanyi Ubah representing Anambra South in the Senate. Moghalu, in a statement, yesterday, noted that it was devastating receiving the shocking news of Ubah’s death who, according to him, was so full of life.…
3 hours ago
AbdulRazaq, Fagbemi seek patience with Tinubu Minister of State for Youth development, Olawande Ayodele, has urged Nigerian youths not to allow contents they see on social media push them into setting the country ablaze. He made the appeal when the Renewed Hope Ambassadors of Nigeria, led by veteran Nollywood actor, Zack Orji, paid him a courtesy visit…
3 hours ago
The Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS) in 1987 tinkered with the idea of a single currency for the regional bloc, which has taken so long in its incubation. Now, the recent exit of the trio of Mali, Niger, and Burkina Faso has shifted its…