The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened to suspend its operations in Anambra State due to the state government’s failure to pay contractors the sum of N900 million owed to them for supplying Automotive Gas Oil (AGO) ...
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Feed SubscriptionNGX Group Names Temi Popoola As GMD/CEO Designate, Chiemeka As Acting CEO Of NGX
Ahead of the retirement of Mr Oscar Onyema as the GMD/CEO of Nigerian Exchange Group Plc, the Board of Directors has announced the appointment of Mr Temi Popoola as the GMD/CEO designate, effective from January 1, 2024, subject to the ...
Read More »Naira Declined 55% This Year, May Continue Falling in 2024, Bloomberg Predicts
A US-based media company, Bloomberg L.P., has predicted a continued decline of the Nigerian naira in 2024, potentially making it the worst-performing currency globally for the second year in a row. Bloomberg’s market analysis reveals a staggering 55% depreciation of ...
Read More »TCN Confirms Destruction of 3 Towers On Maiduguri–Damaturu Line
The Transmission Company of Nigeria (TCN) confirmed on Friday the destruction of three of its towers on the Maiduguri–Damaturu Transmission Line, suspected to be caused by insurgents using explosives. Mrs Ndidi Mbah, the General Manager of Public Affairs at TCN, ...
Read More »State Gov’t Sued Over Alleged Misuse Of LG Funds For Bridges
The 44 local government chairmen in Kano State have commenced legal action against the state government. Allegations have emerged that the government intends to utilize their funds for the construction of bridges in Kano City. The lawsuit, filed under Case ...
Read More »Gov Eno Signs N840.6bn 2024 Budget At Last SEC Meeting For 2023
Governor Umo Eno of Akwa Ibom State has signed the N840.6 billion budget for the 2024 fiscal year into law during the last State Executive Council (SEC) meeting for 2023 held at the Exco Chamber of the Government House in ...
Read More »CAC Extends Deadline For Company Annual Returns By 4 Months
The Corporate Affairs Commission (CAC) has pushed back the deadline for imposing penalties on companies that have not submitted their annual returns. The initial deadline of January 1, 2024, has been extended to April 1, 2024, providing an additional four-month ...
Read More »JAMB Hikes UTME Fees For 2024, Releases DE Application Schedule
The Joint Admissions and Matriculation Board (JAMB) has announced an adjustment in the registration fees for the Unified Tertiary Matriculation Examination (UTME) for the year 2024. According to an official statement by JAMB, the revised registration fees for UTME are ...
Read More »Tinubu Arrives Abia Friday For PISE-P Unveiling
President Bola Tinubu is slated to attend the official unveiling of the Peace In South East Project (PISE-P) and a grand reception for Deputy Speaker of the House of Representatives, Benjamin Kalu, in Bende, Abia State, on Friday. His entourage ...
Read More »We’ll Maintain Sale Of Cement Price At N3500 In 2024 — BUA Chair
Alhaji Abdul-Samad Rabiu, the Chairman of BUA Group, has affirmed the company’s commitment to maintaining the selling price of cement at N3,500 per bag starting January 2024. He disclosed this while speaking to State House correspondents following a visit to ...
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