President Bola Tinubu on Friday approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI). The approval is in furtherance of his commitment to easing the impact of fuel subsidy removal on Nigerians by reducing energy costs. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale made the disclosure in Abuja. The initiative was to revolutionize ... Read More »

Achieftain of the Labour Party (LP) Doyin Okupe has commended President Bola Tinubu for showing commitment, zeal and courage in directing the affairs of the nation. Okupe, an ex-aide to former President Olusegun Obasanjo in his piece titled: “For President Bola Tinubu: Still Many Rivers to Cross,” applauded the President for abolishing fuel subsidy and equalising foreign exchange. He said: ... Read More »

Dr Betta Edu is a humble, intelligent and very hard working, true humanitarian with the grassroot touch. She has worked in her personal capacity to save lives of many poor and down trodden in society. As at today she pays fees for every child in her political ward of Adadama. Started many small and medium scale businesses for the poor ... Read More »

The organised labour has knocked the Federal Government for releasing a N180bn palliative package to states to cushion the impact of the fuel subsidy removal. The Nigeria Labour Congress and the Trade Union Congress insisted that the governors could not be trusted, noting that politicians and not the poor would benefit from the N5bn largess given to each state government ... Read More »

1. What is the $3 billion loan about? The NNPC Ltd. secured an emergency $3 billion crude oil repayment loan from AFREXIM Bank. This is not a crude-for-refined products swap but an upfront cash loan against proceeds from a limited amount of future crude oil production. 2. Is this loan risky for NNPC Ltd. or the Nigerian Treasury? No. The ... Read More »

International Youth Day; President Tinubu broke the jinx Appoints A 36 Years old Nigerian Youth as Minister, Youngest Minister in the the History of 4th Republic of Nigeria President Bola Tinubu in July nominated Dr Betta Edu from Cross River State to serve as part of his cabinet as a Minister of the Federal Republic of Nigeria. Beyond signifying the ... Read More »

….CBN procurement director, six others to testify against, Godwin Emefiele The Federal Government will on Thursday arraign the suspended Central Bank of Nigeria Governor, Godwin Emefiele and his associates for N6.9 billion procurement fraud at the Federal Capital Territory High Court, Maitama, Abuja. Emefiele will be arraigned alongside a female CBN employee, Sa’adatu Yaro and her company, April1616 Investment Limited ... Read More »

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Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions, stressing that it would be of immense benefits to individuals and small businesses across Africa. Ecobank Nigeria recently said its customers can now transfer money in seconds to 33 African countries where ... Read More »

The 11th Annual General Meeting (AGM) of FBN Holdings Plc (FBNHoldings), the parent company of Nigeria’s premier financial inclusion services provider, FirstBank, was held on Tuesday, 15 August 2023. The virtual AGM was presided over by Alhaji Ahmad Abdullahi, the Group Chairman with shareholders, directors, Management staff and other stakeholders in attendance. Alhaji Ahmad Abdullahi presented an overview of the ... Read More »