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Edo 2024: Reviving the Industrial Glory of Edo State Edo State once thrived with public companies such as Agbede/Warake Farms, Bendel Brewery, Bendel Pharmaceutical Company, Edo Transport Company and Bendel Insurance. However, mismanagement by past governments led to their downfall. But Senator Monday Okpebholo pledged to revive these businesses and promote youth employment through: – Investment-friendly policies – Promote the …

The Nigerian Immigration Service (NIS) has taken swift action against one of its officers who was caught on camera demanding money from a traveler at the Murtala Muhammed International Airport in Lagos. Immigration Assistant Inspector II Okpravero C. Ufuoma has been suspended indefinitely pending the outcome of a disciplinary investigation, the agency announced Wednesday. A viral video showed the officer …

The National Industrial Court in Lagos has mandated Ecobank Nigeria to deposit N1.086 billion into the account of the Chief Registrar of the National Industrial Court. The decision came as the court heard Ecobank’s appeal against an earlier ruling. The order issued by Justice R. Gwandu was in response to Ecobank’s application for a stay of execution of a judgment …

The Nigerian army has arrested a soldier suspected of killing an 18-year-old boy, Ismail Mohammed, in Kaduna State. The teenager was allegedly shot by a soldier on patrol in Samaru, Zaria in Kaduna State on Tuesday. Director of Army Public Relations, Major General Onyema Nwachukwu, disclosed this in a statement on Wednesday in Abuja. He said troops received a distress …

Following the reintroduction of the Retail Dutch Auction and an effort to ease demand pressures in the foreign exchange (FX) market and promote price discovery, the Central Bank of Nigeria (CBN) has sold $876.26 million at N1,495/$1 to 26 qualified banks in its latest Retail Dutch Auction. The amount came from a total of $1.18 billion in bids received from …

The Senate has raised concerns over the $1.5 billion approved by the Federal Government for the maintenance of the Port Harcourt refinery without commensurate results. Chairman of the Senate Ad Hoc Committee to Investigate Alleged Economic Sabotage in Nigeria’s Petroleum Industry, Opeyemi Bamidele, raised the concerns during an interactive session with stakeholders on Wednesday in Abuja. Bamidele, who is also …

Here are the top 10 stories making headlines across the country. 1. Ugochinyere MP denies $1.7m bribery allegations, vows to fight corruption House of Representatives Member Ikenga Ugochinyere, Chairman of the House Downstream Petroleum Committee, on Wednesday vehemently denied allegations that he bribed the House leadership with $1.7 million to secure his post. Read more 2. Ondo State government accused …

The Federal Government has warned the international community not to interfere in the ongoing #EndBadGovernance protests in the country. The government also sought support from the international community in addressing economic challenges and improving the living conditions of Nigerians at home and abroad. Minister of Foreign Affairs, Yusuf Tuggar, made the call when he briefed Members of the Diplomatic Corps …

Investors in the Nigerian equity market made a gain of N96 billion at the close of trading on Wednesday. This follows the growth in stock prices of stocks such as REDSTAREX, OANDO, and RT BRISCOE, among others, on the trading floor today. After five hours of trading in the capital market, equity capitalization increased to N55.1 trillion from N55.03 trillion …

Police in Germany have arrested a 39-year-old doctor on suspicion of the murder of four female patients in the country. The man, who worked in nursing services, is alleged to have killed patients at their home in June. Berlin’s police and public prosecutor’s office said Wednesday that the defendant had been charged with four counts of murder. The doctor, a …