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Access Holdings Plc has extended the duration for the acceptance of subscription to its ongoing Rights Issue. The company was Initially set to close its rights issue on August 14, 2024, however, the period has now been extended to August 23, 2024, following the approval of the Securities & Exchange Commission (SEC). The statement, signed by ...
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports, reaffirming its commitment to fostering transparency and accountability in the Nigerian economy. In a statement made available to NewsDirect, the Ag. Director, Corporate Communications, Sidi Ali, Hakama (Mrs.) stated that “these reports, including the Purchasing Managers’ Index ...
...alleges sabotage by international cartel ...dumps initial plan for N50bn floating dock By Seun Ibiyemi The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has alleged that the war risk premium imposed on ships coming into Nigeria persists due to the influence of a cartel within the international insurance ...
Nigeria’s drive to achieve energy security and transition to cleaner energy has received a boost with the donation of 30 Compressed Natural Gas (CNG) buses by the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and the NNPC Foundation. Twenty of the buses were donated by Depots and Petroleum Products Marketers Association of Nigeria ...
...Says more opportunities will be created in Agric sector By Omobolaji Adekunle Ogun State Governor, Prince Dapo Abiodun, on Monday flagged off the first phase of the distribution of fertilisers to different categories of farmers with a promise to aggressively tackle food scarcity in the state. About 7,000 out of 12,000 farmers earmarked for the ...
…As other customers receive N5m each By Matthew Denis The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that 17.64 percent of the insured deposits from the defunct Heritage Bank are still pending due to depositors’ accounts either having Post No Debit (PND) instructions or lacking Bank Verification Numbers (BVN). In a statement signed by Director ...
The Federal Government as part of its effort to drive the adoption of Compressed Natural Gas (CNG) has launched the MY-CNG App. The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu, at the weekend presided over the launch of the Presidential CNG Initiative’s (Pi-CNG) Conversion Incentive ...
…Says executive arm responsible for contract awards …Describes OBJ’s claims as ‘uncharitable and satanic’ By Sodiq Adelakun The Senate has denied allegations made by former President Olusegun Obasanjo that lawmakers determine their own salaries and receive special fiscal packages from the Presidency. In a statement on Sunday, Chairman of the Senate Committee on Media and ...
By Esther Agbo The Centre for the Promotion of Private Enterprise (CPPE) has raised an alarm on regulations hindering business operations and frustrating investment growth in the country. In a statement released by the Director and CEO of CPPE, Dr. Muda Yusuf, the centre highlighted the overbearing nature of some regulatory bodies, citing instances of ...
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Sunday expressed satisfaction with the level of ongoing work on the newly refurbished Wole Soyinka Centre for Culture and the Creative Arts, Iganmu, in Lagos. He said the Centre, formally known as the National Arts Theatre, Iganmu, would soon be completed and ready for public use. Governor ...
The Lagos Rail Mass Transit (LRMT) Blue Line will from Monday upscale the number of trips from 54 to 72 per day. Mrs Abimbola Akinajo, the Managing Director of Lagos Metropolitan Area Transport Authority (LAMATA), said this in a statement made available to the newsmen in Lagos. Akinajo said the current schedule for Sunday operations ...
..Decry raid as threat to free expression, demand govt action …Atiku urges probe, decries assault on democratic rights …An attack on civic space – Amnesty International Controversy surrounds the recent raid on the Nigeria Labour Congress (NLC) headquarters, with the Department of State Services (DSS) denying involvement amid widespread protests. Opposition figures such as Atiku ...
The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC in its newly released monthly Oil Market Report for June 2024 listed Dangote Refinery among the top Diesel and ...
By Titus Atondu, Makurdi The Peoples Democratic Party (PDP) in Benue State has suspended Senator Gabriel Suswam, Terngu Tsegba, Richard Gbande, Terseer Tsumba and Professor Nicholas Ada from the party for gross insubordination. In a press statement signed by Bemgba Iortyom, PDP state Publicity Secretary on Thursday and made available to Nigerian NewsDirect, the party ...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced a strategic partnership with the Young Lawyers Forum (YLF) of the Nigerian Bar Association (NBA) with the aim to propel the professional development of over 50,000 young legal practitioners across Nigeria, by way of academic sponsorships as well as trainings, with reputable agencies in ...
The Federal Government on Thursday abruptly halted the sale of subsidised rice to civil servants, retracting a recent directive that allowed them to purchase rice at a subsidised rate. The withdrawal was communicated in a new circular from the Ministry of Special Duty and Inter-Governmental Affairs, dated August 2, 2024. The circular did not provide ...
By Matthew Denis, Abuja and Seun Ibiyemi The Central Bank of Nigeria (CBN) has auctioned $876.26 million to 26 banks in the country. The move is aimed at reducing the pressure of foreign exchange on the naira. In a statement issued by the Director of the Financial Markets Department at CBN, Omolara Duke, the Apex ...
...As Amnesty International alleges detention of over 1,000 protesters Following the widespread violence that has affected most parts of the North in the aftermath of the commencement of the nationwide protests against bad governance and hunger, the Federal Government has warned that it will take appropriate action against any foreign entity found to have supported ...
…Says we will overcome turbulence, Nigeria will emerge stronger …Tinubu’s reforms targeting past mistakes - Minister …Returning petrol subsidy will worsen poverty – NOA boss warns By Sodiq Adelakun As the grip of economic hardship tightens on Nigerians, President Bola Tinubu has once again appealed to the nation to look beyond the present difficulties, assuring ...
...As Senate probes $1.5bn spent on Port Harcourt refinery rehabilitation Group CEO, NNPC Limited, Mallam Mele Kyari has declared that the national pioneer company has done nothing to starve local refineries of supply. The GCEO’s stance comes amidst allegations of a deliberate attempt by crude oil producers in the country to starve the Dangote Refinery ...
By Sodiq Adelakun The House of Representatives has blamed bureaucratic procedures for the delay in fifty percent salary slash in solidarity with Nigerians suffering the harsh effects of the wobbling economy. The House equally clarified that each member earns N600,000 as monthly salary, not N900,000 as speculated. The spokesperson for the House, Akin Rotimi, disclosed ...
Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo has stated the development of the nation’s gas resources as one of the antidote and surest pathways to economic prosperity and lower cost of living. The Minister made this assertion in Yenagoa, Bayelsa State on Wednesday when he visited the facilities and projects of the ...
…All sponsors now on watchlist — Immigration CG …Naval Chief vows to crush subversive elements …As protest roadblocks appear in Rivers, Wike’s residence targeted ...Use lethal force on protesters, face trial for crimes against humanity — Atiku warns service chief By Sodiq Adelakun and Barth Ndubuwah, Port Harcourt The Federal Government has drawn a line ...
