May 2024

Port-Harcourt refinery may resume operations July – Report

The National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria (IPMAN), Chief Ukadike Chinedu has revealed that the refinery may resume operations in July. Speaking to newsmen on Monday, Ukadike stated that the development would stimulate economic activities reduce…

Breaking: MPC raises MPR to 25.25%

The Monetary Policy Committee (MPC) has raised the Monetary Policy Rate (MPR) to 25.25% At the end of the 295th MPC meeting held on May 20th & 21st, the committee voted to raise the MPR by 150bps to 26.25%. The…

NDDC inaugurates Edo electricity sub-station

The Niger Delta Development Commission (NDDC) has inaugurated the 1×15MVA 33/11KV electricity injection substation it built in Amufi, Ikpoba-Okha Local Government Area in Benin City, Edo State. Speaking at the commissioning ceremony, the NDDC Managing Director, Dr Samuel Ogbuku, re-stated…

Mompha’s trial adjourned till July 1

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, May 20, 2024, adjourned the trial of Ismaila Mustapha, (a.k.a Mompha) till July 1, 2024 just as the Economic and Financial Crimes Commission, EFCC, presented its…