President Bola Tinubu has directed the mandatory purchase of compressed-natural-gas-powered vehicles by all government ministries, departments, and agencies. The president said the directive is in furtherance of the country’s effort to transition to cleaner energy as CNG-enabled vehicles have been adjudged to produce lower emissions, even as they present a more affordable alternative for Nigerian […]
The Naira yesterday depreciated to N1,520 per dollar in the parallel market, from N1,470 per dollar last week Friday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,478.11 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,478.11 per dollar from N1,466.31 per dollar last […]
Bamboo Global Inc, an online brokerage firm, yesterday launched on its platform Nigerian stocks including blue chip corporations like Guaranty Trust Holding Company PLC, MTN, and Dangote Cement. In a statement, Bamboo said it is ensuring that retail investors will see the fastest trade settlement timelines and the most seamless dividend payment system available in the […]
Chairman, United Bank for Africa Plc, Mr. Tony Elumelu has called for increased focus on capital allocation and investment in innovation to drive improvement in global improvements. Elumelu, who is also the Founder, Tony Elemelu Foundation, TEF, made this call yesterday while speaking at the Abu Dhabi Health Forum in the United Arab Emirates. He said: […]
Abeokuta—Operatives of Ogun State Police command have launched a manhunt for a landlady, Bola Abiodun, and her husband, Sunday, who fled their Temidire community home in Ifo Local Government Area of the state after allegedly disposing their tenant’s body into a canal. It was gathered that the couple allegedly committed the crime at 12:05p.m., on […]
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has hinted that the apex bank will keep interest rates high until inflation subsides by implementing orthodox policies. Inflation in Nigeria remains stubbornly high at 33.2 per cent, the highest in three decades, while food inflation is higher still at 40 per cent. Cardoso, in an […]
ABUJA — Organized Labour yesterday shut down the headquarters of the Nigeria Electricity Regulatory Commission, NERC, the Transmission Company of Nigeria, TCN, and Abuja Electricity Distribution Company, AEDC, headquarters over the recent hike in electricity tariff. Under the aegis of the Nigeria Labour Congress, NLC, and its Trade Union Congress of Nigeria, TUC, Organised Labour which […]
Ahead of the September and November governorship elections in Edo and Ondo states, the Independent National Electoral Commission, INEC, said it would soon resume the Continuous Voter Registration, CVR, exercise in both states to allow eligible voters participate in the elections. INEC Chairman, Prof. Mahmood Yakubu, disclosed this in Abuja, yesterday, at the second regular […]
Oyo State government, yesterday, allayed the fears of Ibadan residents over the approval of the Olubadan-designate, Oba Owolabi Olakulehin, as the 43rd Olubadan, saying people will hear from the government “not too long.” Commissioner for Local Government and Chieftaincy Matters, Olusegun Olayiwola, who spoke in Ibadan, said the seeming delay is due to some administrative […]
Rivers State Governor, Sir Siminalayi Fubara, signalled on Monday that he would probe the administration of his predecessor and immediate past Governor of Rivers State, Nyesom Wike. Hinted at plans to set up a judicial panel of inquiry soon to investigate how the affairs of governance were conducted in the state before he assumed office. […]
