By Sodiq Adelakun A Federal High Court in Lagos has dealt a significant blow to the National Broadcasting Commission (NBC), ruling that the regulatory body lacks the legal authority to impose fines or sanctions on independent media outlets without due…
…Shareholders to receive one new share for five existing shares Africa’s Global Bank, United Bank for Africa (UBA) Plc, will raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The…
Nigeria’s oil production has soared to 1.8million barrels per day (mbpd) surpassing the 1.5mbpd (Organisation of Petroleum Exporting Countries) quota. This was disclosed by the Nigerian National Petroleum Company Limited (NNPC Ltd.) at a press briefing in Abuja yesterday. According…
Access Bank has announced that it has entered into a binding agreement to acquire a majority equity stake in AfrAsiaBank Limited (AfrAsia Bank), the Republic of Mauritius’ third largest bank by total assets further bolstering the Bank’s expansion plans. The…
…As CBN opposes SEC’s ‘absolute powers’ to regulate public companies By Seun Ibiyemi The Federal Executive Council (FEC), on Thursday, approved a proposed budget of N47.9 trillion. Minister of Budget and Economic Planning, Atiku Bagudu disclosed this while briefing State…
Former Vice President Atiku Abubakar has urged Minister of the Federal Capital Territory (FCT), Nyesom Wike to prioritise the welfare of Nigerians over politicking for the 2027 presidential election. The Former VP made this known in response to comments by…
…Nigeria’s Foreign Direct Investments exceed $30bn — Tinubu By Seun Ibiyemi President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to supporting the Nigeria Customs Service (NCS) in its ongoing modernisation and reform efforts to enhance the nation’s economic growth.…
Dangote Petroleum Refinery and Petrochemicals has signed a 10 year Gas Sale and Purchase Agreement (GSPA) with the Nigerian National Petroleum Company (NNPC) Gas Marketing Limited (NGML), a statement on Wednesday revealed. The agreement, signed at Dangote’s Corporate Headquarters in…
…Gov promises to transform Ondo State as APC holds final campaign rally …Two senior ministers, teaching hospital for Akure show President Tinubu’s commitment to Ondo’s development — VP Shettima …Jimoh Ibrahim, other guber aspirants rally support for Aiyedatiwa Ahead of…
The Federal Competition and Consumer Protection Commission (FCCPC) on Wednesday threatened to penalise Ikeja Electricity Distribution Company (IKEDC) and Eko Electricity Distribution Company (EKEDP) if they flout its directive to immediately halt the replacement of Unistar prepaid meters. This directive…
