A former Governor of Ogun State and chieftain of the All Progressives Congress (APC), Chief Olusegun Osoba, has said that the party has a gentleman agreement that the presidency should shift to the South after President Muhammadu Buhari’s tenure elapses in 2023. Speaking on Arise TV’s programme, The Morning Show, yesterday, Osoba said though zoning […]
The All Progressives Congress (APC), yesterday, made a mockery of the bid by the Peoples Democratic Party (PDP) to warm itself back to the minds of Nigerians preparatory to the 2023 general election, describing it as laughable. The ruling party expressed concern at a recent attempt by PDP to criticise and rubbish the policies and […]
Intels Nigeria Limited has said that its business has not been hindered by political influence from the Muhammadu Buhari’s government. The company made the clarification in a statement issued yesterday against the backdrop of the position of former Vice-President, Atiku Abubakar, on his decision to divest his $60 million worth of shares in the company. […]
…warns of impact on households, businesses Members of the organised private sector (OPS) have faulted the Federal Government’s approval of hike in electricity tariff, effective January 1, 2021, which, they said, will further impoverish the generality of Nigerians and businesses that are yet to recover from the COVID-19 shock. Nigerians were again shocked yesterday when […]
Leaders of organised labour unions in Nigeria, yesterday, vowed to resist yet another increase in electricity tariff, describing the hike as an attempt by the Federal Government to further impoverish the citizenry. President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, who condemned the tariff hike, lamented that rather than emulate other countries, including […]
Outrage, yesterday, greeted the new hike in the Multi- Year Tariff Order (MYTO) slammed on electricity consumers by the Nigerian Electricity Regulatory Commission (NERC), two months after the implementation of another hike in November 2020. The 11 electricity distribution companies (DisCos) in Nigeria have already begun the implementation of the fresh tariff hike for customers […]
The Peoples Democratic Party (PDP) has called on the Federal Government to rescind the hike in electricity tariff. The party, in a statement by its National Publicity Secretary, Kola Ologbondiyan, described the 100 per cent hike from N2 to N4 per kwhr, as announced by the National Electricity Regulatory Commission (NERC), as insensitive, antipeople and […]
Air Peace, Azman, Dana top beneficiaries Travel agencies get N196m, car hire operators receive N100m A list of other beneficiaries of the much awaited palliative in the aviation industry has been released. Aside the airlines, aviation ground handling companies, aviation fuel marketers, registered airport taxi operators and travel agents benefited from the Federal Government’s ‘kindness’ […]
The embattled Managing Director of First City Monument Bank (FCMB), Adam Nuru, has proceeded on leave in order to allow for a probe into allegations that he had an affair with a former official of the bank. In a statement released late last night, FCMB said that Mr. Nuru, “volunteered to proceed on leave,” adding […]
The equities market closed yesterday on a negative note, declining by 1.83 per cent as investors sold off shares from across the board to take profits. The market had opened the year the previous day on a positive rout. The market performance indices, NSE ASI and market capitalisation depreciated by 1.83 per cent. Consequently, the […]