Lagbaja: Granting amnesty to bandits created avenue to reorganise, attack citizens
Taoreed Lagbaja, chief of army staff (COAS), has described the amnesty programme for bandits and terrorists in Zamfara and other states, as a failed programme. Lagbaja spoke when he hosted Dauda Lawal, governor of Zamfara, on Wednesday in Abuja. The army chief said the programme failed to achieve its purposes in the […]
Tinubu: Savings from subsidy removal will benefit many Nigerians | It is a rebirth of our country
President Bola Tinubu says the savings realised from the removal of the petrol subsidy will benefit many Nigerians. On May 29, Tinubu, while delivering his inaugural speech, announced the removal of the petrol subsidy. Since the announcement, the price of petrol has skyrocketed to above N500 per litre — a development that […]
SEC probes Otudeko’s 13.3% share acquisition in FBN Holdings
The Securities and Exchange Commission (SEC) says it is investigating the acquisition of 4.77 billion shares of FBN Holdings by Oba Otudeko, chairman of Honeywell Group. A top official of the commission confirmed the development to TheCable on Wednesday. The official said the capital market regulator has commenced a probe into the […]
Nigeria repays $500m Eurobond debt
The Debt Management Office (DMO) says Nigeria has redeemed a $500 million Eurobond on its due date, July 12, 2023. Eurobond is a debt instrument that’s denominated in a currency other than the home currency of the country or market in which it is issued. In a statement on Wednesday, the DMO […]
Salihu Lukman: Adamu, Omisore acting like emperors
Salihu Lukman, vice chairman of the All Progressives Congress (APC) in the north-west, says Abdullahi Adamu and Iyiola Omisore, national chairman and secretary, are seeking to be emperors of the party. Addressing a press conference in Abuja on Wednesday, Lukman said the “aspiration” of the two party leaders is not in line with […]
Reps ask JAMB to extend validity of UTME results to three years
The house of representatives has asked the Joint Admissions and Matriculation Board (JAMB) to extend the validity of the Unified Tertiary Matriculation Examination (UTME) results to three years. The lower legislative chamber also urged the board to conduct the UTME at least twice a year. By current arrangement, result of the exam […]
Tinubu meets class of 1999 governors at Aso Villa
President Bola Tinubu is currently meeting with “The class of 1999 governors” at the presidential villa, Abuja. The former governors in attendance include James Ibori ( Delta state); Donald Duke (Cross River); Niyi Adebayo (Ekiti); Lucky Igbinedion(Edo); Orji Uzor Kalu( Abia ) and Sam Egwu (Ebonyi). Others are Chimaroke Nnamani (Enugu); Ibrahim […]
Naira falls to N788.4/$ at I&E window amid low liquidity
The naira weakened by 5.96 percent to close at N788.42/$ at the investors and exporters (I&E) window on Tuesday. The I&E window is the country’s official exchange rate window. According to data from FMDQ Securities Exchange, a platform that oversees foreign exchange (FX) trading in Nigeria, the naira hit an intra-day trading high […]
Petrol subsidy removal: Tinubu asks n’assembly to approve N500bn for palliatives
President Bola Tinubu has asked the national assembly to approve N500 billion to allow the federal government to provide palliatives to cushion the effects of petrol subsidy removal on Nigerians. Tinubu’s request is contained in a letter sent to the national assembly and read by Tajudeen Abbas, speaker of the house, during plenary […]
‘Supreme court didn’t award N13.5bn judgement debt’ — Otudeko hits Ecobank
Oba Otudeko, chairman of Honeywell Group, has asked First Bank Nigeria (FBN) Holdings to disregard Ecobank’s request for it to reject his acquisition of 4.77 billion shares. Recently, Honeywell Group, through its affiliate, Barbican Capital Limited, acquired a total of 4,770,269,843 units of FBN Holdings’ shares. The purchase brought the stake […]