By Ayomide Otitoju Minister of the Federal Capital Territory, Nyesom Wike, on Monday fired back at a member of the Peoples Democratic Party (PDP) Board of Trustees, Chief Bode George, following criticism over the PDP’s unpaid ground rent which led to the sealing of its national secretariat in Abuja. Chief George, in a televised interview…
By Ayomide Otitoju Novak Djokovic secured a place in his record 19th Roland Garros quarter-final on Monday with a commanding straight-sets victory over Britain’s Cameron Norrie. The Serbian world No. 1 breezed past Norrie 6-2, 6-3, 6-2 on Court Philippe Chatrier to set up a blockbuster clash with third seed Alexander Zverev in the last…
By Ayomide Otitoju More than 1.3 million Muslim pilgrims have arrived in Mecca ahead of the 2025 hajj, as Saudi authorities ramp up heat mitigation efforts and security measures to safeguard worshippers amid soaring desert temperatures and a crackdown on unregistered pilgrims. The annual pilgrimage, which begins Wednesday, is taking place under intense conditions with…
By Ayomide Otitoju Abbey Mortgage Bank Plc has reported a 22.6 per cent increase in its profit after tax for the 2024 financial year, reaching ₦1.07 billion, up from ₦871.28 million recorded in 2023. The figures were disclosed at the bank’s 33rd Annual General Meeting, held recently in Lagos. According to the audited financial statements…
By Ayomide Otitoju Nigeria is accelerating plans to construct a $25 billion undersea gas pipeline that will supply natural gas to Europe, Vice President Kashim Shettima disclosed on Monday during a meeting with executives of Vitol Group at the Presidential Villa in Abuja. The Nigeria-Morocco Gas Pipeline project is designed to channel gas through the…
By Ayomide Otitoju Access ARM Pensions has posted a 187 per cent increase in profit after tax for the 2024 financial year, rising to ₦10.9 billion, as its Assets Under Management (AUM) climbed to ₦3.5 trillion. The impressive performance comes despite prevailing macroeconomic headwinds. The pension fund administrator also recorded a 129 per cent increase…
By Ayomide Otitoju Shell has loaded the maiden crude oil cargo from Nigeria’s newly completed onshore Otakikpo terminal, marking the start of exports from the $400 million facility developed by marginal field operator Green Energy International, according to a report by Argus on Monday. The Otakikpo terminal, situated in the OML 11 block southeast of…
By Ayomide Otitoju Minister of the Federal Capital Territory (FCT), Nyesom Wike, on Monday lashed out at his predecessor and political rival, Rotimi Amaechi, over recent comments about hunger, accusing the former minister of seeking a return to power at all costs. Speaking during a media parley in Abuja, Wike described Amaechi’s statement as an…
By Ayomide Otitoju Chelsea Football Club on Monday confirmed the signing of Portuguese midfielder Dario Essugo from Sporting Lisbon in a deal reportedly worth £18 million ($25 million). The 20-year-old, who spent last season on loan at Spanish club Las Palmas, will be eligible to feature for the Blues in the upcoming FIFA Club World…