News

The N2.176 trillion 2023 supplementary budget that President Bola Ahmed Tinubu submitted to the legislature on Tuesday has been approved by the National Assembly. The budget was approved on Thursday, following the Senate’s adoption of an Appropriations Committee report, which was delivered in plenary by the committee’s chairman, Senator Adeola Olamilekan (Ogun West). President Tinubu had, in a letter read …

The Minister of State for Petroleum Resources, Heineken Lokpobiri, said on Friday the Port Harcourt Refining Company would resume operation by December. The minister, according to a statement issued by the Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Garba Deen Muhammad, stated this during an assessment tour of the refinery in Port Harcourt. He declared …

The House of Representatives, on Wednesday, issued a 72-hour ultimatum to the Accountant General of the Federation, Mrs Oluwatoyin Madein, to submit a detailed report on the use of the N100bn COVID-19 intervention funds approved and released by the government of former President Muhammadu Buhari to ministries, departments and agencies between 2020 and 2022. The Chairman, House Committee on Public …

Weight loss jabs can improve the symptoms of heart failure in obese patients, a new study has found this out, allowing them to exercise for longer as well as lose weight. U.S. researchers explored the use of semaglutide which is sold under the brand names Ozempic, Wegovy and Rybelsus to treat overweight people with a condition called heart failure with …

The Nigeria Police Force (NPF) has demoted an officer, Inspector Adejoh Siaka, for assaulting a man at Emohua, the headquarters of Emohua Local Government Area of Rivers State. Siaka was demoted from Inspector to Sergeant. The Force Public Relations Officer, ACP Olumuyiwa Adejobi, who made this known in a statement on Sunday, September 24, 2023, said another officer, Sergeant Ndiwa …

The Senior Special Assistant to the President on Media and Publicity, Tope Ajayi on Thursday, debunked reports that President Bola Tinubu requested for a presidential yacht. Ajayi made this clarification through a statament titled, “On Presidential Yacht And Other Matters,” in response to reports about the allocation of N5 billion Naira for a Presidential yacht in the N2.17 trillion supplementary …

The naira appreciated against the dollar at the official market but steadied at N1,170 on the parallel market relieving the pressure on the foreign exchange (FX) market. The black market exchange rate remained the same on Wednesday after gaining 2.5 per cent (N30) over the US dollars on Monday. Meanwhile, multinational financial services firm, JPMorgan Chase & Co expects Naira …

A former Governor of Anambra, Willie Obiano, has commiserated with the people of Ogbaru, Anambra and indeed, the entire Igbo race over the demise of a legal luminary, Prof. Ben Nwabueze. Nwabueze, a respected figure in the legal community, passed on October 29, 2023, at 94. A condolence message released by Tony Nezianya, Obiano’s Publicist, on Thursday described the late …

Zenith Bank, Access Holdings, GTCO, UBA and eight other banks listed on the floor of the Nigerian Exchange raked in a whopping N72.723 billion from account maintenance charges in the first half of 2023. According to data extracted from the half-year financial statements of these banks, the amount represented a 7.44 per cent increase compared to the N67.690 billion recorded …

For this week’s stocks to watch, MTN Nigeria Airtel and Ellah Lakes should be on your list, as the Nigerian exchange return for another week of trading activities. Ripples Nigeria stocks watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities for investment purposes. But we have taken …