News

Lawmakers beam searchlight on petroleum industry, move to recover $20bn lost revenue

The House of Representatives is set to beam its searchlight on the petroleum industry to assist the federal government in recovering lost revenues totalling about $20 billion. They lawmakers also intend assisting the federal government in achieving early remittance of federal revenues, probe subsidy beneficiaries, scrutinize loan transactions, and pre-export financing arrangements, and review loans associated with crude oil. Ikeagwuonu …

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NPFL season to kick off Sept 30 with eight matches

The Nigeria Premier Football League (NPFL) board has announced the kickoff date for the new season. The Nigerian topflight has been slated to resume on Saturday, September 30, and all 20 clubs have been notified of the date. The board reiterated that it is official, as Ripples Nigeria can recall that the start of the new season had been postponed …

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Adedayo: Police arrests impeached Ogun LGA chairman

Police operatives in Ogun State on Monday arrested the impeached Chairman of Ijebu-East Local Government Area, Wale Adedayo. Adedayo was impeached by councillors in the area for the alleged misappropriation of funds last week. He was arrested by the Department of State Service (DSS) earlier this month over a claim on the diversion of allocations to local councils in Ogun …

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FG’s ‘concrete road’ plan will drive cement price to N9000, manufacturers warn

Cement Producers Association of Nigeria has said the price of cement could rise from N5,000 to N9,000 due to the Federal Government’s decision to replace conventional asphalt with concrete to construct roads. The National Chairman of the body, David Iweta, and the National Secretary, Reagan Ufomba, in a statement on Monday, said without proactive steps, the decision could lead to …

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Lawmakers summon CBN, DISCOs, over alleged misappropriation of $321m, N18bn electricity projects loans

The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) to provide clarification over alleged mismanagement of loans amounting to US$321 million and N18.2 billion allocated for projects aimed at expediting the development of transmission and distribution interfaces, lines, and substations. The summon was issued by Chairman of the …

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CAF CC Preliminaries: Obasogie shines as Bendel Insurance beat ASO Chlef, advance to second round

Bendel Insurance Football Club of Benin,Saturday, August 26,2023 defeated ASO Chlef of Algeria 4-3 in a penalty shootout to advance to the second round of the 2023/24 CAF Confederation Cup preliminaries. The game, however, ended 1-0 in favour of ASO Chlef (Algeria) following Souibaah Mohammed’s 41-minute stylish finishing, which levelled up the tie for his side at the Salem Mabrouki …

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Amended TRC law: Group condemns campaign of calumny against Eno 

A socio political group, ARISE Ambassadors in Akwa Ibom state, Monday  strongly condemned the spate of blackmails and campaign of calumny against Governor Umo Eno following the recent amended Traditional Rulers Council law in the state. The group, which described the action as a misadventure and unnecessary vituperation, noted that it was the handiwork of mischief makers capable of misinterpreting …

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Senate drops shocking hint on yacht in supplementary budget

Senate Chief Whip, Senator Ali Ndume has disclosed that the controversial N5 billion presidential yacht deal included in the 2023 supplementary budget has already been signed and delivered. Ndume made this shocking revelation on Friday, during an interview with Arise Television. The senator said, “The deal has been signed and delivered, but not paid, and that’s what brought the inclusion …

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