General

A house of representatives ad hoc committee has summoned Joseph Utsev, minister of water resources and sanitation, over the alleged illegal auctioning of some government assets. The ad hoc committee investigating the “illegal” disposal of some government properties between 2010 and 2022 and non-remittance of the revenue realised from the sale of the […]

Simon Lalong, the minister of labour and employment, has appealed to the Nigeria Labour Congress (NLC) to suspend its proposed two-day warning strike over the impact of petrol subsidy removal on the masses. On September 1, Joe Ajaero, NLC president, announced that the strike would commence on Tuesday. Speaking at a press […]

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) says its members will join the Nigeria Labour Congress (NLC) in its two-day strike action. NLC recently announced plans to embark on a nationwide strike to protest the hike in petrol pump price, electricity tariff, alongside other issues, and accused the federal […]

Oando Plc says it has reached an agreement with Eni, on the acquisition of a 100 percent stake in its subsidiary — Nigerian Agip Oil Company Limited (NAOC Ltd). According to a statement filed on the Nigerian bourse, the completion of the transaction is subject to ministerial consent and other required regulatory approvals. […]

Babajide Sanwo-Olu, governor of Lagos, has sent a second list of commissioner-nominees to the state house of assembly for screening and confirmation. Mudashiru Obasa, speaker of the house, announced the receipt of the nominees list at the plenary on Monday. On August 23, the state assembly declined to confirm 17 out of […]

Umar Bangari, the chief registrar of the court of appeal in Abuja, has disclosed that the judgment of the presidential election petition tribunal will be broadcast live on Wednesday, September 6.  “In a bid to promote transparency and openness, these judgments will be televised live by interested Television Stations for the public to […]

Here are the seven top business stories you need to track this week — September 4 to September 8. BLUE RAIL LINE TO COMMENCE OPERATIONS SEPT. 4 The blue line rail system is expected to commence operations on Monday, September 4, 2023, according to Lagos Metropolitan Area Transport Authority (LAMATA). Abimbola […]

Akinwumi Adesina, president of the African Development Bank (AfDB), says the organisation alongside the Global Center on Adaptation will launch a $1 billion climate adaptation initiative for African youths.   Adesina made the announcement on Sunday at the African Climate Youth Assembly held ahead of the Africa Climate Summit in Nairobi, Kenya. He […]