By Ayomide Otitoju Shell Petroleum Development Company (SPDC) Nigeria Limited has confirmed its capital investment in the Bonga North deepwater project and related infrastructure, marking its first major project in Nigeria in over a decade and part of a broader $5 billion commitment to the country’s energy sector. The confirmation was made during a courtesy…
By Ayomide Otitoju The Lagos State Commissioner of Police, Olohundare Jimoh, has stated that the use of a stun gun to threaten or instill fear in another person is a punishable offence under Nigerian law. Jimoh made the clarification on Thursday during an interview on Channels Television’s Sunrise Daily, while addressing the ongoing investigation involving…
By Ayomide Otitoju President Bola Tinubu has announced plans to form a high-level leadership committee to address the persistent security crisis in Benue State, following a deadly attack in Yelwata that claimed over 50 lives. During a visit to Makurdi on Wednesday, Tinubu proposed the inclusion of traditional leaders such as the Tor Tiv V…
By Ayomide Otitoju A bystander shot in the head during Tuesday’s violent clashes between protesters and police in Nairobi is on life support, the Kenyatta National Hospital has confirmed. The unrest erupted as demonstrators marched against police brutality and rising state repression. Tensions escalated when armed motorbike gangs, allegedly aligned with security forces, disrupted the…
By Ayomide Otitoju Governor Dauda Lawal of Zamfara State has said that the internal crisis plaguing the Peoples Democratic Party (PDP) goes far beyond the involvement of its 2023 presidential candidate, Atiku Abubakar, attributing the unrest to ego clashes among key party stakeholders. Speaking during a media parley with journalists in Zamfara on Wednesday, Lawal…
By Ayomide Otitoju The Federation Account Allocation Committee (FAAC) has shared a total revenue of ₦1.659 trillion for the month of May 2025 among the federal, state, and local governments. According to a communiqué released after the FAAC meeting, the total distributable revenue comprised ₦863.895 billion from statutory sources, ₦691.714 billion from Value Added Tax…
By Ayomide Otitoju Ghana’s state-owned power distributor, the Electricity Company of Ghana (ECG), has disconnected electricity supply to several public institutions over mounting unpaid bills, with the Ghana Water Limited’s Weija treatment plant and the Ghana Broadcasting Corporation (GBC) among the first to be affected. The ECG on Tuesday cut off power to the Weija…
By Ayomide Otitoju Nigeria’s agricultural exports rose significantly in the first quarter of 2025, reaching ₦1.7 billion—a 65% increase from ₦1.035 billion in the same period of 2024 and up 10.63% from ₦1.54 billion in Q4 2024. This is according to the latest Foreign Trade in Goods Statistics report released by the National Bureau of…
By Ayomide Otitoju Zenith Bank Plc, Nigeria’s largest lender by Tier-1 Capital, has assured shareholders and investors of its commitment to continued dividend payments, while also affirming its plan to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance regime by June 30, 2025. This assurance comes amid increased regulatory scrutiny of banks’ capital adequacy…
