The Federal High Court in Abuja on Thursday failed to deliver judgment in the suit filed by former Jigawa State Governor, Sule Lamido, challenging his exclusion from contesting the chairmanship position at the Peoples Democratic Party (PDP) national convention. Justice Peter Lifu, who had fixed Thursday for the ruling, could not deliver the judgment as …
Oil prices dropped on Thursday, extending losses from the previous session, as rising U.S. crude inventories and a shift in OPEC’s supply outlook raised concerns about global oversupply. Brent crude fell 20 cents to $62.51 a barrel, while U.S. West Texas Intermediate dropped 24 cents to $58.25 a barrel. U.S. crude stockpiles rose by 1.3 …
President Donald Trump on Wednesday signed a bill ending the longest government shutdown in U.S. history, just hours after the House of Representatives voted to restore food assistance, pay hundreds of thousands of federal workers, and revive the air-traffic control system. The Republican-controlled House passed the funding package 222–209, with Trump’s backing helping to unify …
The Nigerian government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has announced suspension of the proposed 15 per cent duty on imported Premium Motor Spirit also known as petrol and Diesel. NMDPRA made this known in a statement released on Thursday, November 13, signed by its Director, Public Affairs Department, George Ene-Ita. …
The Ministry of Finance Incorporated (MOFI) real estate investment fund (MREIF) series 2 has been listed on the Nigerian Exchange Limited (NGX). The listing was commemorated with a closing gong ceremony at the NGX and in attendance was Minister of Finance and Coordinating Minister for the Economy, Wale Edun. In a statement on Tuesday, November …
The detained leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, has approached the Court of Appeal in Abuja to stop further proceedings in his ongoing trial before Justice James Omotosho of the Federal High Court. Kanu, who is facing a seven-count charge of alleged terrorism, filed a motion on notice dated November 10 …
Telecommunications (Telecom) companies in Nigeria grew revenue to ₦7.67 trillion in 2024, boosted by increased demand for data services, higher subscription rates, and expanded enterprise solutions. The Nigerian Communications Commission (NCC) disclosed this in its 2024 Subscribers/Network Performance Report, released on Wednesday, November 12. It shows that the telecom companies' revenue increased by 44.7 per …
Bargain-hunting in blue-chip stocks pulled the Nigerian stock market to a rebound as the All-Share Index rose by 2.88 per cent to close at 145,403.83 points on Wednesday, November 12. Similarly, the total market capitalisation of all the listed stocks climbed by 2.88 per cent to ₦92.48 trillion, leaving investors to gain ₦2.59 trillion at …
…Says Orji Kalu was quoted out of context The Senate has dismissed reports alleging moves to impeach the President of the Senate, Senator Godswill Akpabio, describing such claims as baseless and misleading. Senate Leader, Senator Opeyemi Bamidele (APC, Ekiti Central), made the clarification on Tuesday at the National Assembly, stressing that no discussion or …
Presco Plc said it has started selling shares to exiting shareholders at N1,420 per share to raise approximately N236.67 billion in capital to expand its operations. The palm plantation and processing company announced this in a statement on Wednesday, November 12, signed by its company secretary, Frederick Ichekwai. It explained that it has opened a …
