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The Nigerian Air Force on Monday said it neutralised several Boko Haram and Islamic States of West Africa Province terrorists in air strikes on the fringes of Lake Chad in Borno State. The Director, Public Relations and Information, NAF, Air Commodore Edward Gabkwet, made this known in a statement on Monday in Abuja. Gabkwet said the air strikes obliterated the terrorists’ hideouts and destroyed their structures and strategic logistics base […]
The local bourse suffered another day of dip as investors lost N112bn at the close of trading on Thursday. Investors on Wednesday lost N27bn as trading activities slowed as the nation awaited the decision of the Presidential Election Petitions Tribunal. The PEPT affirmed the victory of President Bola Tinubu at the February polls. On Thursday, the market reacted negatively as the amount of loss worsened to N112bn with the market […]
The Nigeria Extractive Industries Transparency Initiative, on Monday, announced that Nigeria’s earnings from the solid minerals sector between 2007 and 2021, a period of 15 years, was N814.6bn. NEITI made this public in its latest 2021 industry report of the solid minerals sector, which was unveiled to stakeholders and lawmakers in Abuja. In the report, the agency also stated that Nigeria N193.6bn from the solid minerals sector in 2021. The […]
The Federal Government has appealed to the leadership of the Nigeria Labour Congress to shelve its planned two-day warning strike slated to commence on Tuesday. The appeal was made on Monday by the Minister of Labour and Employment, Simon Lalong, in Abuja. He identified the reverse of the gains already made by FG, among others as the reason for the appeal while promising to attend to the contending issues raised […]
There was a drama in Edo State Government House as security personnel restrained the deputy governor, Philip Shaibu, from assessing the Governor, Godwin Obaseki at a public function on Sunday. In the viral photos on social media platforms, Obaseki was seen sitting with his wife while the security aide stood in front of him to stop the access at the Interdenominational Thanksgiving Church Service to mark Edo’s 32nd year anniversary, […]
Operators have expressed fears of more foreign companies leaving the country, following the recent announcement of GlaxoSmithKline Consumer Nigeria Plc to shut down its operations in the Nigeria. GSK, a company into research that developed and manufactured innovative pharmaceutical medicines, vaccines and consumer healthcare products, said its parent company, GSK Plc UK, revealed its intention to cease commercialisation of its prescription medicines and vaccines through its Nigerian subsidiary. It would […]
The bullish trading experienced in recent times on the Nigerian Exchange Limited slowed this past week, recording a gain of N8bn for investors. With market capitalisation ending at N35.994tn previous Friday, trading activities kicked off on a positive note on the NGX, appreciating to N35.539tn on Monday. It went higher to N35.932tn on Tuesday, but suffered a continuous decline in the next three trading sessions, following the announcement of an […]
A civil society organisation, Human and Environmental Agenda, has demanded a “thorough, immediate and urgent investigation” into the alleged N1bn car gifts by the immediate-past Attorney General of the Federation and Minister of Justice, Abubakar Malami, to his supporters in Kebbi State. The anti-corruption group, in a petition to the Independent Corrupt Practices and other Related Offences Commission, also demanded Malami’s probe over several allegations of corruption and abuse of […]
•Reps sit on N500bn subsidy relief request today, FG, Labour for fresh negotiations •N500bn not enough for 125 million poor Nigerians affected by deregulation – NLC, TUC The Nigeria Labour Congress and the Trade Union Congress have thumbed down the N500bn palliative proposed by President Bola Tinubu, stating that it is grossly inadequate to assuage the hardships confronting workers sequel to the fuel subsidy removal. They are demanding a 300 […]
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