The Nigerian National Petroleum Company Limited remitted literally zero funds to the Federation Account in 2022 due to the payment of subsidy on Premium Motor Spirit, popularly called petrol, the Chief Financial Officer, NNPCL, Umar Ajiya, has said. NNPCL is a major revenue generating agency in Nigeria, operating as the national oil company in charge…
According to a police spokesperson in the state command, Omolola Odutola, the PDP chieftain was freed in the early hours of Monday, although she could not give details surrounding his release.The Lagos PDP chairman was abducted, alongside some other party officials, by gunmen around Ogere on the Lagos-Ibadan Expressway on Thursday last week. They were…
The governor expressed his regret while praising the presidential candidate of the Labour Party (LP) Peter Obi, who visited him at the Government House in Ibadan to condole him on the January 16 explosion that killed about five persons and destroyed several properties. Makinde said while two of the other main contenders in the February…
Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group has announced mouthwatering interest rates on its SuperSavers accounts. SuperSavers account is a high-yield savings account type tailored for customers who wish to maximize their returns on savings while benefiting from a customer-focused banking experience. The six months reward programme runs between…
The military juntas in West African nations Mali, Burkina Faso, and Niger jointly announced their immediate withdrawal from the Economic Community of West African States on Sunday. The juntas accused the regional economic bloc of imposing inhumane sanctions aimed at reversing recent coups in their respective countries. The joint statement, broadcast on state television in…
A UK vessel shot down a Houthi drone in the Red Sea, the United Kingdom’s Ministry of Defence has said, as tensions in the Middle East soar amid the ongoing war in Gaza. “Yesterday HMS Diamond successfully repelled a drone attack from the Iranian-backed Houthis in the Red Sea,” read a statement from the ministry…
FCMB Group has reported a 206.86 per cent increase in its profit for the financial year ended December 2023 to N95.52bn. This was revealed in the unaudited annual report and financial statements filed with the Nigerian Exchange Limited on Friday. FCMB’s profit was boosted by increases in interest and discount income to N355.68bn and fees…
“He didn’t score but he had a fantastic game. It is not easy to stop that guy,” Portuguese coach Peseiro said following the last-16 tie in Abidjan. Ademola Lookman scored both goals, but Osimhen set up the first and his remarkable running and pressing created constant problems for the Cameroon defence. “Ask the opposition defenders…
It is the first time American military personnel have been killed by hostile fire in the Middle East since the start of the Israel-Hamas war, and the incident will further raise tensions in the region and fuel fears of a broader conflict directly involving Iran. Hamas said the death of the soldiers shows Washington’s backing…
