The African Development Bank (AfDB) Group, has said that its financial sector portfolio in Nigeria is currently valued at $1.3 billion of which the figure represents 30 per cent of the bank’s portfolio. This was made known by the Director-General,…
The Debt Management Office (DMO), says it raised N123.85 billion in its July Federal Government of Nigeria (FGN) bond auction. The DMO, which made this known in a statement, said that the three instruments auctioned were valued at N75 billion…
Mr Aliyu Abubakar, a defence witness in the trial-within-trial of the former Minister of Justice, Mohammed Adoke told a Federal High Court, Abuja that an EFCC officer threatened him to indict former President Goodluck Jonathan in alleged money laundering. Abubakar,…
The Police Command in Ekiti State has arrested 15 suspected armed robbers, cultists and drug dealers in their hideout in Ado-Ekiti. DSP Sunday Abutu, the command’s spokesperson, disclosed this in a statement in Ado-Ekiti on Tuesday. The suspects include Musa…
The Police Command in Oyo State, on Tuesday confirmed the abduction of Alao-Akala’s farm Supervisor, Mr Christopher Bakare, in Ogbomosho. The command’s Public Relations Officer, DSP Adewale Osifeso, confirmed the incident on Tuesday in Ibadan. Adewale said that the command…
Justice Aminu Bappa-Aliyu of a Federal High Court, Gusau, on Tuesday adjourned until July 26, a suit challenging the credibility of the Peoples Democratic Party (PDP) Governorship Primary election in Zamfara. Jouirnalists reports that the PDP Governorship Primary in the…
… New venture to attract over 200 millions of stakeholders to sector By Gloria Akudoro, Abuja The President of Nigeria, Muhammadu Buhari on Tuesday officially launched the new Nigerian National Petroleum Company Limited (NNPCL) to the world, crediting the latest…
The Association of Distributors and Transporters of Petroleum Products (ADITOP) has expressed dissatisfaction over unpaid bridging claims owed to members by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The President, Alhaji Lawal Muhammad-Zaki, made the disclosure at an…
The Federal High Court in Lagos has held that the National Insurance Commission (NAICOM) cannot increase the statutory minimum solvency capital policy for Insurance companies without the National Assembly amending the Insurance Act and Regulation 2003. Justice Chukwujeku Aneke made…
Gombe State, Gov. Inuwa Yahaya has constituted an 11-member committee to work out modalities for a workable reform of the State Pension Administration System. This is contained in a statement signed by Joshua Danmalam, Information Officer SSGs office, and made available…
