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In a strategic move that echoes the visionary leadership of Mr. Prateek Suri, MDR Investments An investment arm of Maser Group , the influential arm of the Maser Group, is making headlines in the world of mergers and acquisitions. Backed by Mr. Suri and prominent African investors like Kingmaker Mr. CHIGOZI , MDR Investments is set to embark on a …

The Federal Government declared on Wednesday that it has no concerns about a potential economic shutdown as the conclusion of the organised labor’s 21-day ultimatum draws near. This is despite the fact that last Monday’s negotiations came to a standstill because neither party could agree on the labour unions’ demands for the elimination of the petrol subsidy. The Minister of …

Embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly been released from the Kuje Correctional Centre in Abuja after meeting his bail conditions. Reports attributed to spokesman of the Centre, Adamu Duza said he confirmed the release of Emefiele on Friday after he met his bail conditions. This is coming a month after Justice Hamza …

The African Development Bank (AfDB) says its total portfolio in Nigeria currently stands at $4.4 billion. The portfolio is for development projects. In his opening remarks at the Joint Country Portfolio Performance Review (CPPR), the Director General for Nigeria Country Department, AfDB, Lamine Barrow, who stated this Friday in Abuja added that there have been significant improvement in the portfolio performance. …

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, said on Monday he was given the go-ahead by Peoples Democratic Party (PDP) leaders to accept President Bola Tinubu’s ministerial appointment. Wike, a former governor of Rivers State, was one of the 45 ministers inaugurated by President Tinubu on Monday. He fell out with the PDP before the last general …

Governor Dapo Abiodun of Ogun State has approved Christmas bonus for civil servants across the state across all levels ranging from 68 to 159 percent. According to the Chief Press Secretary to the Governor, Lekan Adeniran, Abiodun approved the bonuses “to bring some succour amidst the economic challenges facing the country.” The bonuses start at 159% of basic salary for …

Yesterday’s swearing in of 45 ministers by President Bola Ahmed Tinubu signaled the composition of the Federal Executive Council, FEC, and the full commencement of the Tinubu government of Renewed Hope, which is expected to revamp the economy, tackle insecurity and eliminate poverty, among other indices of good governance. Although, President Tinubu has rolled out critical and fundamental policies aimed …

CLAIM: An investigator’s report on the activities of the Central Bank of Nigeria under the embattled former governor, Godwin Emefiele has claimed that Buhari did not approve the redesigning of Naira notes, instead Tunde Sabiu, Buhari’s nephew did. VERDICT: False! FULL TEXT A report of an investigation of activities of the CBN under Emefiele by a Special Investigator, Jim Obaze …

Ondo State Assembly Ondo State House of Assembly on Wednesday in Akure directed the Clerk, Mr Jaiyeola Benjamin, to write to the state’s deputy governor, Mr Lucky Ayedatiwa, over alleged gross misconduct levelled against him. The petition, which was signed by nine out of the 26 members of the house, was read at a plenary session presided over by the …

The youth wing of the ruling party All Progressives Congress (APC) has appealed to President Bola Tinubu to consider the National Youth  Leader of the party, Dayo Isreal, for the position  Minister of Youth. President Tinubu on Monday swore-in  45 new ministers, but no minister was named for the ministry of youth. The youth wing said since assuming office 18 months …