I never authorised Mambilla settlement agreement with Sunrise – Buhari
Former president Muhammadu Buhari says he never authorised any settlement agreement with Sunrise Power and Transmission Company Limited on the Mambilla hydroelectric power project. Former president Olusegun Obasanjo previously…
Peter Obi says customs FX rate increases killing businesses
Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 elections, has asked the federal government to end the inconsistency in customs duty charges, saying it is…
Emefiele demands N25bn as damages from Akpabio over ‘defamatory remark’
Godwin Emefiele, immediate-past governor of the Central Bank of Nigeria (CBN), has demanded the sum of N25 billion as damages from Senate President Godswill Akpabio over an alleged defamatory…
Naira continues free fall, sinks to N1,900/$ at parallel market
The Nigerian naira, on Tuesday, depreciated further to N1,900 to the dollar at the parallel section of the foreign exchange (FX) market. The naira declined by 9.83 percent from…
151 homes submerged, residents trapped as flood ravages Lagos community
Residents of Ayobo in Lagos experienced a dire situation when heavy rainfall caused the Marwa Bridge to collapse, leading to flooding in their homes on Tuesday, February 20. According…
JUST IN: FG threatens to open borders for cement importation
The federal government has threatened the possibility of opening the borders to cement importation if Nigerian cement manufacturers refuse to play ball on cement reduction in the country. It…
‘Consumers no longer able to afford bottle of beer’ — Nigerian Breweries CEO
Hans Essaadi, chief executive officer (CEO) of the Nigerian Breweries Plc, says the company is facing the worst downturn in the history of its operations in the West African…
Reps panel queries four banks over N11.63trn revenue collected via Remita
The House of Representatives has queried four commercial banks over N11.632 trillion revenue collected on behalf of the federal government through the Remita platform between the 2015 and 2022…
Edun: FG investigating N22.7trn Ways and Means, report to be released soon
The minister of finance and coordinating minister of the economy, Wale Edun has said that President Bola Tinubu’s administration is auditing the N22.7 trillion Ways and Means loans. Edun disclosed…
Guinea junta dissolves govt, freezes accounts of officials
Guinea’s military junta has ordered government members’ passports to be seized and their bank accounts frozen after dissolving the administration for unknown reasons. The military, who took power in…
