NEWS
NNPC Takes Over Addax Petroleum Assets
The Nigerian National Petroleum Company (NNPC) Limited says it has taken over Addax Petroleum’s production sharing contract (PSC) assets. Addax is owned by Sinopec, a state-owned Chinese firm. Mele Kyari, group chief executive officer (GCEO), NNPC Limited, GCEO; and Yonghong Chen, outgoing managing director (MD), Addax, signed the closing documents on behalf of the two parties In a tweet on Tuesday, NNPC...
Finally, CBN Governor Emefiele Appears Before Reps Ad hoc Committee
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Tuesday appeared before the ad hoc committee of the House of Representatives on the cashless policy and deadline for the replacement of old currency notes. Emefiele, who was supposed to appear before the Committee last week, failed to do stating he was out of the country with President Muhammadu Buhari. The...
Youths Condemn Attack On Rep. Benjamin Kalu’s Constituency Office
Youths of Uzuakoli in Bende local government area of Abia State have condemned the attack on the constituency of of the member representing Bende federal constituency, Rep. Benjamin Kalu, wondering the motive of the attackers. They say the attack of the constituency office located in their community came as a surprise, noting that their community has been very peaceful community. In...
Gov. Inuwa Yahaya Approves N3bn For Payment Of Gratuity Backlog To Retirees
Gombe State Governor, Muhammadu Inuwa Yahaya has approved the immediate release of over N3 billion for the payment of the backlog of gratuities owed to retired local and state government employees who were last paid in 2011 and 2017 respectively. The Governor also approved the promotion of 26, 085 local government workers notionally and financially across the eleven local government areas of...
ECOWAS Approves New Regional Electricity Market Regulations
The Economic Community of West African States Regional Electricity Regulatory Authority (ERERA) has approved key guidelines for the development of the Sub-regional power market. ERERA is the regulator of the regional cross-border trade of electricity in West Africa. This was made known by Kokou Tossou, chairman, of ERERA when he visited Qun Yang, chairman, of Sunon Asogli Power Plant, in Kpone, Greater...
I Am Happy For Buhari’s Approval Of Deadline Extension For Use Of Old Naira Notes — Tinubu
Presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Tinubu, Sunday, said he and his team were happy when President Muhammadu Buhari granted the request for an extension for the deadline of the old naira note. Tinubu stated this during his campaign in Benin City, Edo State, where he held a town hall meeting with political leaders, social groups...
Speaker Gbajabiamila To Sign Warrant Of Arrest On Emefiele Tuesday
The Speaker of the House of the Representatives, Hon. Femi Gbajabiamila is expected to publicly sign the warrant of arrest against the embattled Governor of Central Bank of Nigeria (CBN), Godwin Emefiele during Tuesday’s plenary, except there is an intervention between tonight and tomorrow. Chairman, House Committee on Media and Public Affairs, Hon. Benjamin Kalu who disclosed this during an...
Diezani Approaches Court, Seeks Recovery Of Seized Assets
Former Minister of Petroleum Resources, Diezani Alison-Madueke, has taken legal steps to recover her properties and assets seized by the Economic and Financial Crimes Commission (EFCC). She has asked a Federal High Court, Abuja to set aside an order granted to the EFCC for final forfeiture of her seized assets. Alison-Madueke, in an originating motion, sought an order extending the time...
Why We Can’t Speak On Osun Tribunal Verdict – INEC
The Independent National Electoral Commission (INEC) has said it will be prejudicial to speak on the outcome of the Osun State Governorship Election Petition Tribunal sitting in Osogbo which overturned the victory of governor Ademola Adeleke at the July 16, 2022 governorship polls. Recall that the All Progressives Congress (APC) candidate Adegboyega Oyetola had petitioned the victory of Adeleke of...
2023: Why Obasanjo, Clark Endorsed Peter Obi – Adamu Garba
A chieftain of the All Progressives Congress, APC, Adamu Garba, has alleged the reason former President Olusegun Obasanjo and Elder statesman, Edwin Clark endorsed Peter Obi, the presidential candidate of the Labour Party, LP, was because they can easily bully him to do their biddings. Garba also claimed Atiku Abubakar, the presidential candidate of the Peoples Democratic Party, PDP, got...
