In what has been termed a significant milestone in the advancement of Nigeria’s domestic gas industry and the generation of gas revenues, Temile Development Company Ltd -a key indigenous player in the oil and gas industry- recently commissioned a 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) Carrier. Named ‘Alfred Temile 10’, the vessel was part-financed by leading Nigerian bank ... Read More »

At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters, Newsthumb has learned. A source at the apex bank told our correspondent exclusively that the plan, though heavily criticised, was still in motion, and affected staffers would be resuming on Friday. “Yes, the plan ... Read More »

The Police Command in Ogun has rescued nine out of the 10 members of the Peoples Democratic Party (PDP) in Lagos kidnapped by gunmen last Thursday on their way back to Lagos from Ibadan. The Commissioner of Police in Ogun, Mr Abiodun Alamutu, confirmed the release at a news briefing in Abeokuta on Monday. Alamutu named Mr Phillip Aivoji, Chairman ... Read More »

Operatives of the Nigeria Police Force, have arrested one Bello Mohammed, 28, of Zamfara state, in Kaduna, who is a member of the bandit gang that kidnapped a lawyers family in Bwari and murdered Nabeeha, one of five daughters. Force Public Relations Officer, ACP Muyiwa Adejobi made this known in a statement on Sunday in Abuja. He said, “The Divisional ... Read More »

Lagos has been ranked as the 19th best city to visit in the world, according to Time Out, a British media and hospitality company that publishes guides and magazines. Time Out said the conclusion was drawn from a survey of more than 20,000 city dwellers around the world with its network of editors. Criteria used to rate the cities include ... Read More »

The NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information and content creation company based on data from the Securities & Exchange Commission (SEC). NOVAmbl Asset Management is a subsidiary of NOVA Merchant Bank. SEC had reported that a total of 21 dollar funds registered during ... Read More »

Based on the public outburst of the Economic and Financial Crime Commission Chairman, Mr Ola Olukoyede, in his New Year message that exposed the Commission’s investigators’ staff for bribery and corruption reports, which shows a new sheriff in town, attributes from him as the new helmsman of EFCC. It is now observed upon discovering a purported deliberate delay mechanism in ... Read More »

The Presidency has maintained that there are no plans to move the Federal Capital to Lagos as speculated in some quarters. Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu, stated this in a statement on Wednesday. According to Onanuga, those peddling rumour are dishonest, ethnic and regional champions, trying to draw attention to themselves. He ... Read More »

Allocation highest ever N500b kept in savings Yusuf: let gains of reform reflect on citizens It was a huge “payday” for the tiers of government yesterday. The federal, state and local governments shared a handsome N1.127 trillion from the N1.674 trillion collectable revenue in December 2023. Over N500 billion was saved to take care of future needs. It is the ... Read More »

Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission has alleged that some of the commission’s investigators are taking bribes, noting that he had a process in motion to fish them out. Olukoyede made this known on Thursday, January 18, in his New Year address to staff members of the anti-graft agency at the commission’s headquarters in Abuja. ... Read More »