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Barring any unforeseen circumstances, Seplat Energy Plc’s new 85 million standard cubic feet per day (85MMscfd) gas plant in Sapele Delta state will come on stream by Q4 this year. The CEO of Seplat Energy, Mr. Roger Brown, disclosed this while delivering a keynote at the ongoing Society of Petroleum Engineers (SPE) Nigerian Council’s 47th ...
...DSS arrests sponsors of Russian flags for protesters …Police arrested 873 rioters, not protesters - Force PRO ...As Russia denies involvement in #EndBadGovernance protest By Matthew Denis The Chief of Defence Staff, General Christopher Mustapha, on Monday, said those flying Russian flags in Nigeria have committed a treasonable offence. Mustapha, while speaking with journalists after ...
Again, the Nigeria’s electricity grid has collapsed for the seventh time in 2024, as the total generation on the grid read 00:00:00 at 1:33 pm on Monday. The total system collapse which led to total blackout in most parts of the country, is occurring for the seventh time in 2024. The last time the country ...
...Releases N2bn to six institutions as student loan The Nigerian Education Loan Fund (NELFUND) has successfully disbursed N20,000 monthly stipends to 20,371 students from six tertiary institutions in the country. The beneficiaries are from Bayero University Kano, Federal University Dutsin-Ma, University of Ilorin, University of Benin, University of Ibadan, and University of Maiduguri. According to ...
…’Audio achievements’ have no place in our country – Protesters blow hot …Your broadcast disappointing, uninspiring – S’West PDP tells Tinubu …Protests to resume Oct 1 if demands unmet – Lawyer By Sodiq Adelakun & Ismail Azeez, Osogbo The #EndBad Governance protesters are showing no signs of fatigue, as they march into the fifth day ...
…Criticise use of live bullets on protesters …SERAP calls for protection of media freedom By Ismail Azeez Outrage and condemnation have trailed the brutal crackdown on protesters and journalists by the Nigerian Police Force, with Nobel laureate Wole Soyinka and the Socio-Economic Rights and Accountability Project (SERAP) leading the chorus of disapproval. The duo has ...
...Releases N560bn to states, suspends import tariffs on drugs, food items …N1bn each to large manufacturers ...Says CNG initiative to save Nigeria N2trn monthly spending on PMS, AGO ...As Revenue hits N9.1trn in first six months By Seun Ibiyemi President Bola Tinubu has dismissed the call for the return fuel subsidy, stating that he is ...
…Seizes 18.5kg of cannabis at MMIA, arrest freight agent The National Drug Law Enforcement Agency (NDLEA) has successfully intercepted multiple shipments of illegal drugs disguised in Cerelac baby food tins and clothing, bound for the United States and the United Kingdom. The operation took place at Murtala Muhammed International Airport (MMIA) and a courier company ...
Local Government Council chairman in Oyo State have withdrawn their membership of the Association of Local Government of Nigeria (ALGON). The 33 Chairmen in a communique made available to Nigerian NewsDirect disclosed that the decision is predicated on the recent Supreme Court’s judgement granting financial autonomy to local governments across the country. The Chairmen had ...
...as Wike says security agencies uncover Senator sponsoring protests …Protesters burn Police station along Abuja-Keffi road ...storm Buhari’s residence, Emir’s palace in Daura By Our correspondents The much-anticipated #EndBad Governance protests kicked off on Thursday, August 1, 2024, with thousands of Nigerians taking to the streets in Lagos, Ibadan, Abuja, and other cities across the ...
...says Nigeria strength lies in diversity By Sodiq Adelakun Former Vice President Atiku Abubakar has denounced the call for Igbos to vacate Lagos, warning that such hate speech endangers national peace and security. He urged the federal government to investigate, arrest, and prosecute individuals promoting ethnic discrimination and violence. Atiku’s reaction followed a post on ...
A report on the Nigerian Banking Sector Report in 2024 by Afrinvest Group has blamed the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso’s delay in providing market direction guidance to Forex dealers and investors as responsible to significant fall in the value of the naira. The launch of the 2024 Nigerian Banking Sector Report ...
Nigeria’s payment of subsidy on electricity has gulped a total of N633.30bn in the first quarter of 2024. This figure represents an increase of 151% from N252.76bn previously reported by the Nigerian Electricity Regulatory Commission (NERC). In its latest data, the NERC disclosed that electricity subsidy skyrocketed to N211.10bn per month in the first three ...
Nigeria’s equities market opened the month of August negatively as it on Thursday recorded the highest daily decline following the ongoing nationwide protests. For the fourth consecutive day, the market decreased by 0.42 percent at the close of trading session. Aggrieved Nigerian youths on Thursday, August 1 took to the streets across major cities of ...
…Protests can be hijacked by bandits, insurgents, other criminals — FG By Our Correspondents As tensions run high as the country begins nationwide protest today, August 1, the courts have waded in to curb potential security threats. Courts across various states in a move to ensure security of lives and properties have instituted orders restricting ...
...recounts State’s losses during #EndSars ...urges protesters to embrace dialogue (Inside Lagos) By Sodiq Adelakun In view of the planned nationwide #EndBadGovernance protest scheduled to hold today across various states, Lagos State Governor, Mr. Babajide Sanwo-Olu has stated that no true friend of Lagos will embark on a protest. The Governor made this remarks in a statewide ...
OyoState Governor, Engr. Seyi Makinde has renamed the First Technical University after Senator Abiola Ajimobi his precedessor. This was made known on Wednesday when the Governor signed into law the bill renaming the state-owned institution. The bill is entitled: “Bill for the Establishment, Incorporation, Constitutions and Functions of Abiola Ajimobi Technical University, Ibadan and Other Related Matters”. In ...
By Omobolaji Adekunle, Abeokuta The Ogun State Government has unveiled the roll-out of electricity bikes and tricycles in the state. The rollout is part of the Ogun State E-Mobility Programme which aims to reduce the cost of transportation in the state, would also ensure a cleaner environment by reducing carbon emissions. Speaking at the launch ...
By Seun Ibiyemi In a bid to cushion the effect of the planned protest by Nigeria citizens, to fight against inflationary trend, the Federal Government, through the Nigeria Customs Service (NCS), has suspended import duties and taxes on some items to make them more affordable for Nigerians. Disclosing this Tuesday, Comptroller General of the Nigeria ...
The Senate on Tuesday launched an investigation into the appropriation of N4.2 billion for personnel costs at the Ajaokuta Steel Company Limited, despite allegations that the workers are unverifiable. The Senate’s Ad-hoc Committee on Ajaokuta Steel Company Limited and National Iron Ore Mining Company raised concerns over the N4.2 billion allocated for personnel costs in ...
...As Tinubu signs N70,000 minimum wage bill into law …Ends months of deliberations with Labour The Nigerian Senate will pass an additional budget of N6.2 trillion aimed at funding the implementation of the new minimum wage across various sectors. This move comes amidst efforts to address the economic implications of the wage increase and ensure ...
...NCC, MTN insensitive to current challenges — Stakeholders allege By Esther Agbo, Lagos and Austine Emmanuel, Kaduna The Nigerian Communications Commission (NCC) has issued an urgent directive to telecommunication operators to immediately reactivate phone lines that were recently blocked due to unverified National Identification Numbers (NINs). This decision comes after numerous subscribers found themselves unable ...
By Seun Ibiyemi Shareholders of leading financial institution, Fidelity Bank Plc, have unanimously approved the absorption of surplus monies arising from the potential oversubscription of its ongoing Public Offer exercise. This was one of the six resolutions secured by the Bank’s Board of Directors at an Extraordinary General Meeting (EGM) held virtually over the weekend. ...
