A coalition of Nigerian civil society organisations (CSOs) under the aegis of Civil Society Group for Good Governance (CSGGG) at the weekend kicked against the proposed N3 trillion to be budgeted for payment of fuel subsidies this year. In a joint briefing organised by President of the Group, Mr. Dominic Ogakwu, in Abuja, the civil…
redit Suisse will face charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases. Swiss prosecutors say the country’s second-biggest bank and one of its former relationship managers did not take all necessary steps to prevent the alleged drug…
Oil prices continued their surge on Saturday, sending one of Nigeria’s most valued grades, Bonny Light to $95 and Algeria’s Sahara Blend to $97.48, in an obvious push towards the $100 mark.The increase represented a 3.70 per cent for the Nigerian grade and 4.29 per cent for the North African grade, the highest level they…
After a long break due to a frosty relationship between the United Arab Emirates (UAE) and Nigeria, the Emirates Airline on Saturday resumed operations in Nigeria with its Flight EK783 landing at the Murtala Muhammed International Airport (MMIA) in Lagos.The flight, which departed Dubai at 1030hrs landed in Nigeria’s busiest commercial city at 03.30 pm.Another…
The Institute for Agricultural Research (IAR), Ahmadu Bello University (ABU), Zaria, has developed oat seeds variety and indigenous inbred lines for maize hybrid to strengthen food production and revamp the non-oil sector of Nigerian economy. Prof. Mohammed Ishiyaku, the Executive Director of the institute, disclosed this in an interview with the News Agency of Nigeria…
Trust Africa News, By Ayomide Otitoju Lagos State Governor, Mr. Babajide Sanwo-Olu on Thursday joined the Swedish Ambassador to Nigeria, Ghana and ECOWAS region, Ambassador Carl-Michael Grans and Honorary Consul of Swedish Government, Philip Akesson, to inaugurate the New Swedish Honorary Consulate in Lagos. Speaking at the inauguration ceremony of the new Swedish Honorary Consulate…
The Deputy Chief Executive of Geregu Power Plc, Julius Omodayo-Owotuga, has joined the board of FBN Holdings Plc as a non-executive director following the approval of his appointment by the Central Bank of Nigeria. A statement said Omodayo-Owotuga was previously the group executive director, finance and risk management at Forte Oil Plc (now Ardova Plc)….
OPEC+ agreed on Wednesday to stick to moderate rises in its oil output, with the group already struggling to meet existing targets and wary of responding to calls on its strained capacity for more crude from top consumers to cap surging prices. The Organization of the Petroleum Exporting Countries and allies led by Russia, a…
A businessman, Chief Abdulwahid Adeleke, has dragged the United Bank for Africa (UBA), to court demanding N50 million in damages for alleged corporate bullying.Adeleke, the Managing Director of Biospheres Technologies Limited (claimant), through his counsel, Adam Ugwuanyi, had dragged the bank before Justice F. E. Messiri of FCT High Court, Apo, in a writ of…
