The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Friday, performed the groundbreaking ceremony of the Gateway Inland Dry Port with a promise to make it a model for other Inland Dry Ports in the country. Speaking at the occasion held at Kajola, Ewekoro Local Government, the Minister said the Port, which would be built to international standards, would ... Read More »

In a show of strong support for Guaranty Trust Holding Company (GTCO), the Central Bank of Nigeria (CBN) has set the record straight by debunking false allegations being peddled against GTCO and its Executive Management by faceless and unqualified entities. This was contained in a statement released by the apex banking authority in Nigeria today, reassuring the public that their ... Read More »

PRESIDENT Bola Tinubu has directed the police to provide security to Rivers State Local Government Officials and to restore and maintain peace, law, and order immediately. While instructing law enforcement agencies to bring the situation under control, President Tinubu emphasised the need to ensure the security of public institutions. The President in a statement by his Special Adviser on Information ... Read More »

The Nigerian Ports Authority, NPA, in collaboration with other government agencies, has concluded plans to implement the sale in Naira for crude oil supply to Dangote’s Refinery and other refined products. Speaking at a meeting at the Lagos Headquarters of the NPA, its Managing Director, Dr. Abdulkadir Dantsoho said that the implementation of the Federal Government’s directive for the NPA ... Read More »

A Federal High Court in Abuja has issued an order barring the Directorate of Road Traffic Services (otherwise known as VIO) from further stopping vehicles on the road, impounding or confiscating vehicles, and imposing fines on motorists. Justice Evelyn Maha issued the order in a judgment on a fundamental rights enforcement suit: FHC/ABJ/CS/1695/2023 filed by a human rights activist and ... Read More »

A High Court of the Federal Capital Territory (FCT) in Maitama has granted bail to a former Taraba Governor, Darius Ishaku and a former Permanent Secretary, Bureau for Local Government and Chieftaincy Affairs in the state, Bello Yero at N150million each. Justice Sylvanus Oriji, in a ruling on Thursday, ordered the two defendants to produce two sureties, who are responsible ... Read More »

Supporters of the Peoples Democratic Party in Rivers State on Thursday took to the streets in protest against the planned local government elections, set to be conducted by the Rivers State Independent Electoral Commission on October 5. Led by the party’s state chairman, Chukwuemeka Aaron, thousands of party loyalists marched through Port Harcourt, despite the heavy downpour, voicing their displeasure ... Read More »

President Bola Ahmed Tinubu is set to depart Abuja today for a two-week vacation in the United Kingdom, as part of his annual leave. This was contained in a statement issued on Wednesday, October 2, by the special adviser to the President on Information and Strategy, Bayo Onanuga During his time abroad, the president will use the opportunity as a ... Read More »

The landing cost of petrol has dropped from the N981/litre recorded on September 25, 2024, to N945.63/litre as of September 27. This is according to data released by the Major Energies Marketers Association of Nigeria on Monday. The drop in the landing cost of petrol happened following the appreciation of the naira against the United States dollar. In the MEMAN ... Read More »

….Total Assets up by 37.2% to N28.3 trillion Customer Deposits hits N23.2 trillion, climbs 34% Makes Profit Before Tax of N401.6bn Africa’s Global Bank, United Bank for Africa (UBA) Plc has released its audited financial results for the half year ended June 30, 2024, showing impressive performance across some key financial indicators. The audited financials released to the Nigerian Exchange ... Read More »