The group highlighted Dangote Cement’s substantial contributions to the state’s economy, including its status as the highest taxpayer, its scholarship programs, and its role in job creation. The Benue Youth Alliance for Good Governance (BYAGG) has vowed to resist the Benue State government’s alleged plans to force Dangote Cement PLC out of the state. The…
Market analysts are closely monitoring the situation, as the Naira’s movements reflect broader economic pressures and demand for foreign exchange. The Naira appreciated to ₦1,600 per dollar in the parallel market on Thursday, August 22, improving from ₦1,615 per dollar recorded on Wednesday, August 21. However, the situation was different in the Nigerian Autonomous Foreign…
The minister said the total value of all the ongoing projects as of May 2023 was ₦14.42 trillion. The Minister of Works, David Umahi, says the Federal Government needs over ₦16 trillion to complete inherited road projects nationwide. Umahi made the disclosure when he briefed newsmen on the achievements of the ministry under the Renewed…
This is a significant milestone for Oando’s long-term strategy to expand its upstream operations and strengthen its position in the Nigerian oil and gas sector. Oando PLC has completed a $783 million acquisition of Nigerian Nigerian Agip Oil Company (NAOC), a subsidiary of Italian energy company, Eni. The company made this known in a statement…
The EFCC said Bello has become a fugitive but the instruments of the law will eventually catch up with him anywhere he’s sighted. The Economic and Financial Crimes Commission (EFCC) says it’s collaborating with local and international organisations to ensure the arrest of former Kogi State Governor, Yahaya Bello. Bello was declared wanted by the…
The President thanks Justice Ariwoola and wishes him the very best for the future. President Bola Tinubu on Thursday congratulated Justice Olukayode Ariwoola, as he retires as Chief Justice of Nigeria after a successful public service career. In a statement by his spokesman, Chief Ajuri Ngelale, the President said Ariwoola had served as Justice of…
The legal battle intensifies now as the Agada-led faction seeks to hold the APC’s national leadership accountable for its actions, setting the stage for a protracted political confrontation within the party. The crisis within the Benue State chapter of the All Progressives Congress (APC) has escalated as the dissolved state executive committee, led by Hon…
The warning is also in response to reports of 12 miners allegedly killed by bandits in the Ungwan-Magro community of Shiroro Local Government Area in Niger State. The Federal Government has warned foreign nationals associated with funding banditry that they would be prosecuted for economic sabotage and for waging war against the Nigerian state. The…
Counterfeiting involves producing imitations of coins and banknotes or making alterations to genuine currencies to raise their denominational values. Access to emerging technology has enhanced measures used by fraudulent individuals to counterfeit bank notes and other financial instruments across the globe. The term “counterfeiting” as related to cash involves producing imitations of coins and banknotes…
Osifo also attributed the insufficient supply of fuel across the filling stations in the country to bad roads and flooding, leading to scarcity. Festus Osifo, President, Petroleum and Natural Gas Senior Association of Nigeria (PENGASSAN), has identified reasons for persistent queues in filling stations across the country. Speaking at the ongoing 2024 PENGASSAN Energy and…
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