news

….Investors inject N110bn in UBA, FBNH, Zenith, Access, other stocks in two days Presidency on Tuesday expressed support for the banking sector consolidation initiative of the Central Bank of Nigeria, saying it would help the country to grow the economy to a new height. This came barely five days after the CBN said it would ask banks to raise new ... Read More »

In a year marked by unparalleled achievements and industry acknowledgment, Junior Chamber International (JCI) Lagos Coral proudly commemorates its outstanding contributions to community development and nurturing young leaders in the organisation. Under the leadership of JCIN Amb. Idaraesit Michael who is the President this year and the remarkable Board of the organisation has fervently achieved the mandate, significant positive change ... Read More »

Presidential aide on Information and Strategy, Bayo Onanuga, has revealed that President Bola Tinubu is still recovering from the knee surgery he had in London, the United Kingdom. Onanuga made this revelation in a recent interview with the Nigerian Tribune, while answering a question about President Tinubu’s health. Recall that prior to the launch of presidential campaign for the 2023 ... Read More »

The Senate yesterday threatened to sack and equally jail the Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari and other top executive officers of petroleum subsidiaries. The Senate specifically threatened to sack the executive officers whose agencies were involved the Turn Around Maitanance (TAM) projects of Nigerian refineries. The Senate noted that from 2010 till date, ... Read More »

The Senate on Wednesday, November 22, resolved to investigate the abandoned Closed Circuit Television (CCTV) cameras project in the Abuja metropolis said to have been awarded at the cost of N500billion. The resolution followed its consideration and adoption of a motion sponsored by Ned Nwoko (PDP – Delta North) at plenary. The contract was said to have been awarded to ... Read More »

The Lagos Coroner Court sitting at Ita-Elewa, Ikorodu on Wednesday, November 22, said that the most crucial aspect of an autopsy to determine the cause of death of late music star, Ilerioluwa (Promise) Aloba, is being conducted in the United States of America (USA). The state counsel, O. Akinde told the Coroner Magistrate, Adetayo Shotobi, that the autopsy into the ... Read More »

The Presidency, on Monday, blamed former President Olusegun Obasanjo for the current state of Nigeria’s democracy. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, who spoke to the Newsthumb noted that the democracy the country currently practises dates back to direct inputs by Obasanjo when he led the country’s first as military Head of State from ... Read More »

President Bola Tinubu, on Monday, November 20, told international investors that beyond natural resources, Nigeria’s greatest assets are its highly educated, highly skilled, and naturally industrious people. President Tinubu spoke in Berlin, Germany, at a panel discussion titled: “Fostering Local Value Chains and Investments in Africa – The Role of the German Private Sector” at the G20 Compact with Africa ... Read More »

A group of community leaders under the auspices of Ejemah Ebube community in Ogoni-Rivers State had made a deliberate threat to shut all operations of the Firstbank in Nigeria over their refusal to pay the court awarded fine by Shell development Oil Company for environmental pollutions and desecrating their fathers land. The awarded money was said to amount to sum ... Read More »

..AGF: respect court order. Organised Labour yesterday declared the commencement of a nationwide strike from midnight yesterday. This is despite Friday’s interim injunction by the National Industrial Court of Nigeria (NICN) restraining the Nigeria Labour Congress (NLC), the Trade Union Congress (TUC), and their affiliates from embarking on the strike. The court’s president, Justice Benedict Kanyip, granted the order while ... Read More »