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 …
The Federal High Court in Abuja has dismissed a suit seeking to restrain Mr. Haruna Audi from parading himself as the All Progressives Congress (APC) candidate for the 2026 Bwari Area Council chairmanship election. Delivering judgment on Wednesday, Justice Emeka Nwite held that the suit filed by the plaintiff, Mr. Joshua Ishaku, was statute-barred, having …
A group known as the Peering Advocacy and Advancement Centre in Africa (PAACA) has called on the Nigerian government to delay the implementation of the 15 per cent tariff on import of petrol and diesel until local refineries reach the capacity to meet at least 80 per cent of national demand. The group, which made …
In a bid to expand its digital infrastructure and strengthen its competitiveness under the African Continental Free Trade Area (AfCFTA), the Federal Government of Nigeria has unveiled the largest fibre optic cable factory and first fibre-reinforced plastic manufacturing facility as a strategic asset for national development. The plant, built by Coleman Technical Industries Limited in …
A chieftain of the All Progressives Congress (APC) in Zamfara State, Dr. Sani Abdullahi Shinkafi, has officially declared his intention to contest the 2027 governorship election on the platform of the party. Shinkafi, a former National Secretary of the All Progressives Grand Alliance (APGA), made the declaration while addressing his supporters in Gusau, the state …
The Senate has dismissed the written explanations submitted by the Nigerian National Petroleum Company Limited (NNPCL) over alleged unaccounted funds amounting to N210 trillion from 2017 to 2023. This decision was taken by the Senate Committee on Public Accounts, chaired by Senator Aliyu Wadada (APC, Nasarawa West), following the company’s failure to appear in person …
