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The 13 state governors elected on the platform of the Peoples Democratic Party are headed for a possible showdown today (Monday) as they meet to discuss the party’s internal crisis, which took a deeper turn on Friday following the emergence of a factional PDP National Chairman, Alhaji Yayari Mohammed. Friday’s development marked a new twist in the clamour to remove the PDP acting National Chairman, Umar Damagum, who is an […]
•APC, PDP factions vow legal battle as gov, Atiku, others counsel LG chiefs on residents’ welfare The Rivers State Peoples Democratic Party and the All Progressives Congress factions on Sunday rejected the conduct and outcome of the local government election, stating that no election was held in the state on Saturday. The Rivers PDP loyal to the Minister of the Federal Capital Territory, Nyesom Wike, described the poll as an […]
A chieftain of the Labour Party, Kenneth Okonkwo, has said any politician who is not ready to stand for the people who voted for him or her because of fear of being killed should step aside. The former LP campaign spokesperson stated this while reacting to the drama that preceded the just-concluded Rivers State Local Government Area elections held on Saturday. In an interview with Soar TV on Saturday, Okonkwo […]
Farmers associations laud Tinubu, say move will boost harvest, tackle food insecurity •Deployment will grant farmers access to farms, ensure hitch-free planting season – DHQ The Defence Headquarters has said troops have been deployed across farms in the northern parts of the country, especially in the North West and North Central. According to the military high command, the deployment was to ensure the adequate protection of farmers from bandits, terrorists […]
The recent decrease in the stock prices of the Dangote Group, which includes Dangote Sugar Refinery and NASCON Allied Industries, has been attributed to foreign exchange losses and the Securities and Exchange Commission’s decision to reject their merger request. Analysts suggested that the ongoing inflationary pressures and forex volatility have worsened these challenges. The depreciation of the naira has increased the cost of importing raw materials, further squeezing profit margins. […]
The Nigerian National Petroleum Company Limited is in talks for another oil-backed loan to boost its finances and allow investment in its business, the Group Chief Executive Officer, NNPC, Mele Kyari, has said. Sources familiar with the situation said the oil firm aims to raise at least $2bn through the proposed new loan. In August 2023, NNPC announced that it had secured a $3.3bn emergency crude oil repayment loan from […]
The Nigerian National Petroleum Company Limited is in talks for another oil-backed loan to boost its finances and allow investment in its business, the Group Chief Executive Officer, NNPC, Mele Kyari, has said. Sources familiar with the situation said the oil firm aims to raise at least $2bn through the proposed new loan. In August 2023, NNPC announced that it had secured a $3.3bn emergency crude oil repayment loan from […]
•NNPC rations supply to depots, orders operators to prioritise loading to Abuja •Queues spread in Lagos, Ogun, others, stations raise pump prices as black market thrives Despite claims by the Nigerian National Petroleum Company Limited that the logistic issues causing fuel scarcity had been addressed, Nigerians in Lagos and other parts of the country were still struggling to get Premium Motor Spirit as many filling stations remained under lock and […]
Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms over a similar period in 2022. This latest data was disclosed in the electricity report released by the National Bureau of Statistics […]
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