The Kaduna Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has arraigned one Ibrahim Shuaibu before Justice Darius Khobo of the Kaduna State High Court on charges of fraud. Shuaibu faces a seven-count charge, including criminal breach of trust, impersonation, and obtaining by false pretence, amounting to ₦100 million. One of the charges…
Governor Alex Otti of Abia State has explained his decision not to respond to remarks made by the Deputy Speaker of the House of Representatives, Ben Kalu, regarding the 2027 governorship election. Kalu had confidently predicted that the All Progressives Congress (APC) would displace Otti as governor in 2027. Speaking to journalists at the Government…
Muda Yusuf, Chief Executive Officer of the Center for the Promotion of Private Enterprise (CPPE), has expressed concern over the Nigerian National Petroleum Company Limited’s (NNPCL) apparent lack of enthusiasm for the Dangote Refinery. Yusuf, speaking on Channels Television’s Business Morning segment of the Sunrise Daily program, described the situation as troubling. “I am worried…
By Ayomide Otitoju Brompton City, a visionary real estate development, is setting new standards for modern living by fostering social cohesion, accessibility, and sustainability. Located just five minutes from the renowned Abraham Adesanya Estate and adjacent to Lekki Phase 2 in Ajah, Lagos, this development seamlessly blends eco-friendly design with cutting-edge urban planning. Natural Lake…
By Ayomide Otitoju World Health Organization (WHO) Director-General Dr. Tedros Adhanom Ghebreyesus and WHO Regional Director Dr. Hanan Balkhy concluded a two-day mission to Port Sudan, where they reiterated WHO’s commitment to aiding all Sudanese in need amid an extreme health and humanitarian crisis. They also called on the international community to act urgently to…
By Ayomide Otitoju Stanbic IBTC Holdings Plc reported a significant 71% jump in profit after tax to N116.36 billion in the first half of 2024, up from N67.92 billion in the corresponding period of 2023. The figures were disclosed in the bank’s consolidated and separate financial statements for the six months ended June 30, 2024,…
The Trade Union Congress (TUC) has urged the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) to grant the Nigerian National Petroleum Company Limited (NNPCL) a special foreign exchange rate to reduce fuel costs. According to the TUC, if NNPCL were given a special rate of around ₦1,000/$ instead of the official…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC) and Chevron Nigeria Ltd. have successfully completed the conversion of five joint venture assets in alignment with the Petroleum Industry Act (PIA) of 2021. The milestone is expected to significantly boost crude oil production, with a target of 165,000 barrels per day by the end…
Guaranty Trust Bank Ltd, a subsidiary of Guaranty Trust Holding Company Plc (GTCO), has been named the Best Bank for Corporate Social Responsibility (CSR) in Nigeria at the prestigious Euromoney Awards for Excellence 2024. In a statement released to The PUNCH on Sunday, GTCO highlighted its commitment to CSR, showcasing how the bank’s initiatives go…
