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Month: February 2024

Third Mainland Bridge to shut down for 24 hours between Wednesday, Thursday

The closure is in continuation of the ongoing rehabilitation works on the bridge. The Federal Ministry of Works says both bounds of the carriageways of the Third Mainland Bridge will be closed to traffic from noon on Wednesday to noon on Thursday. The Federal Controller of Works, Lagos, Olukorede Kesha, made this known in a…

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British banking icon Jacob Rothschild dies at 87

The family disclosed that Rothschild would be laid to rest following Jewish traditions in a private ceremony. In a solemn announcement on Monday, February 27, 2024, the Rothschild family revealed the passing of esteemed financier and philanthropist, Jacob Rothschild, at the age of 87. A scion of the legendary Rothschild banking dynasty, Jacob’s career began…

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NLC protest to go as planned as FG’s last-minute push to prevent it fails

The government representatives argued that the protests could be hijacked by hoodlums. The Federal Government’s last-minute effort to prevent the Nigeria Labour Congress from embarking on its planned nationwide protest against the high cost of living in the country was not successful. The Secretary to the Government of the Federation (SGF), Senator George Akume, invited…

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Okonjo-Iweala calls for proper regulatory environment in power sector

Okonjo-Iweala says the Aba IPP is a great example of the type of private sector infrastructure investment we want to see in Nigeria. Director General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has called on various governments in Nigeria to create proper regulatory environments to ensure the success of investment in the power sector….

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Nigeria’s equity market suffers ₦51 billion drop

Market breadth closed positive with 28 gainers and 26 losers on the trader’s chart. The market capitalisation of the Nigerian Exchange Ltd. (NGX) on Monday dropped by ₦51 billion. Specifically, the market capitalisation opened at ₦55.861 trillion to close at ₦55.810 trillion, representing 0.09% decrease. The All-Share Index also dropped by 0.09% or 93 points,…

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Ariwoola tells justices to expect criticisms, verbal assaults from ‘losers’

Ariwoola urged the new judges to be guided by their conscience, saying the easiest way to fail is by trying to please everyone. The Chief Justice of Nigeria, Justice Olukayode Ariwoola, has told the newly inaugurated justices of the Supreme Court to prepare for criticism and verbal assaults that would come their way from litigants…

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Oronsaye Report, Tinubu: List of agencies affected by implementation

A committee is working to ensure the full actualisation of these Oronsaye report. The Federal Executive Council (FEC) has approved the merging, scrapping and subsuming of some Ministries, Departments and Agencies of government in line with its policy of reducing cost of governance. Hadiza Bala-Usman, Special Adviser to the President on Policy Coordination, made this…

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Police deploy personnel ahead of NLC protest against high cost of living

Adejobi said the idea was in line with the commitment of the Nigeria Police to ensure that the rights and freedom of protesters were protected. The Police on Monday, said they have deployed personnel and placed them on red alert ahead of the Feb. 27 and Feb. 28 proposed protest by members of the organised…

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Afrobeats stars Ruger & BNXN reconcile

It appears all is well again between Ruger and BNXN. For the past two years, Nigerian music stars Ruger and BNXN have been at loggerheads with the two exchanging words on social media. In new developments, it appears all is now well between the two artists as Ruger has taken to his X page to…

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Ortom refuses to leave PDP because he helped build the party

The former governor says he will continue to work for the party’s progress. A former governor of Benue, Dr Samuel Ortom, has debunked rumours making the rounds that he is leaving the Peoples Democratic Party (PDP) for another political party. Ortom made the clarification during the party’s stakeholders meeting on Monday in Makurdi. The former…

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