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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday approved Oando Plc’s $783 million acquisition of Nigerian Petroleum Agip Company (NAOC), saying it was in accordance with existing laws and procedures. Olaide Shonola, Head of the Upstream Regulator’s Public Affairs Unit, said in a statement that the NUPRC’s stated commitment to transparency and trust in the public’s right to know …

Ukrainian President Volodymyr Zelenskyy has firmly stated that Ukraine will not use its territories or its people as bargaining chips in peace negotiations with Russia. “We are not ready to use our territories as one of the options for a peace proposal. We do not exchange people or territories for proposals, our values ​​and our freedom, our democracy – we …

The equity market started the week on Monday, August 26, 2024 on a positive note as investors earned N36 billion at the end of the trading session. This follows an increase in the share prices of companies such as Eterna, Okomuoil, and Rtbriscoe among others on the trading floor. After five hours of trading in the capital market, equity capitalization …

Nigeria’s currency, the naira, started the week on a low note, weakening by N26 against the US dollar on Monday, August 26, 2024. The domestic currency trades at N1,596/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown. This is in contrast to the exchange rate of N1,570/$1 traded on Friday, August 23, 2024. The intraday high and …

Gunmen have kidnapped Aribibia Fubara, a director of the Rivers State Internal Revenue Service. The kidnapping occurred when the attackers, who arrived in a speedboat from Okirika Waterfront, targeted the Marine Base area of ​​Port Harcourt, the state capital. Reports indicate that the group of about six armed men arrived in a commando-style operation, firing shots into the air to …

A groom-to-be died in a horrific wrong-way crash in Manhattan early Saturday morning, just one day before his wedding, leaving his bride devastated. The groom-to-be, Kirk Walker, and his cousin, Rob McLaurin, were killed by a wrong-way driver on the Henry Hudson Parkway in Harlem. On what should have been their wedding day Sunday, devastated bride-to-be Shauntea Weaver, 40, said, …

Udengs Eradiri, a former governorship candidate of the Labour Party in Bayelsa State, has congratulated Governor Douye Diri after the Supreme Court confirmed Diri’s election. Eradiri, a former president of the Ijaw Youth Congress, urged the governor to show magnanimity in victory and resist the urge to marginalize his political opponents. In a statement released on Monday, Eradiri acknowledged that …

The Central Bank of Nigeria has raised the interest rate on the Fixed Deposit Facility (SDF) as part of its ongoing efforts to control liquidity in the banking sector. This becomes important after the money supply (CIC) hit an all-time high of N4.04 trillion in June 2024. Money and Credit data released by the CBN also showed that currency outside …

President Bola Tinubu has appointed new Director-Generals for Nigeria’s National Intelligence Agency (NIA) and the Department of State Services (DSS), signaling a change in leadership for these vital security agencies. This was revealed in a statement on Monday afternoon by the President’s Special Advisor for Media and Publicity, Ajuri Ngelale. Ambassador Mohammed Mohammed has been appointed as the new Director-General …

The Court of Appeal, Abuja, on Monday overturned the judgment of the Federal High Court that nullified the Peoples Democratic Party (PDP) governorship primary election in Edo State. Justice Inyang Ekwo on July 4 annulled the results of the February 22 election that produced Asue Ighodalo as the PDP governorship candidate in Edo on the grounds that 381 ad-hoc delegates …