News

Again, FG warns Arise TV

The federal government has issued a final warning to Arise Television over the use of derogatory and incendiary remarks on its station. The warning was contained in a letter by the Nigeria Broadcasting Commission (NBC) Director General, Dr Balarabe Shehu Ilelah, on Saturday. The letter urged the TV station to have a delay mechanism to guard against undesirable contents. The …

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VON DG, Okechukwu, defends Tinubu on nomination of five people as ministers from South-East

The Director-General of Voice of Nigeria (VON), Osita Okechukwu, on Sunday, defended President Bola Tinubu on the nomination of only five people from the South-East as ministers. The president has come under criticism from the South-East over the ministerial list with some leaders accusing him of marginalizing the region in the nomination of people into his cabinet. Okechukwu, who addressed …

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NGX Group Considers Interim Dividend Payment To Shareholders

      The Nigerian Exchange Group Plc (NGX Group) is expected to pay its shareholders an interim dividend of 25 kobo per ordinary share of 50 kobo each on Thursday, 31 August 2023.   This comes subsequent to an emergency board meeting convened by the Group last month, during which it affirmed its decision to electronically distribute its inaugural …

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DEAPCAP, CILEASING, MECURE top list of stocks to watch this week

The equities market closed in the green last Friday, gaining on four days and declining only on one day thereby driving up sentiments. This week, DEAPCAP, CILEASING, MECURE, OMATEK and NNFM top the lists of stocks to watch this week. Ripples Nigeria stocks watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually …

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Navy intercepts 50 sacks of cannabis worth N70m in Lagos

Operatives of the Forward Operating Base (FOB), Nigerian Navy, on Sunday intercepted 50 sacks of cannabis sativa worth N70 million at Gbethrome community in the Badagry area of Lagos. The FOB Base Operations Officer, Lt. Commodore Kelly Umoru, told journalists the operatives seized the items at an uncompleted building near the beach on Sunday morning. Umoru said: “The operation followed …

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NNPCL denies plans to hike petrol price

The Nigerian National Petroleum Company Limited (NNPCL) has denied widespread reports that it is planning to increase pump price of petrol, otherwise known as Premium Motor Spirit (PMS). Describing the reports as unfounded lies meant to cause panic in the polity, the company urged Nigerians to disregard the rumours as there are no plans whatsoever to increase the price of …

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Abuja airport second runway to be ready in 12 months – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, said on Tuesday the second runway of the Nnamdi Azikiwe International Airport, Abuja, would be completed in 12 months. The minister, who disclosed this during the inspection of facilities at the airport, said the government had resolved the lingering issues on community compensation which has delayed the commencement of the project. …

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Revenue firm bars agents from smoking, drinking on duty in Anambra

Bigly Oil and Gas, an Internally Generated Revenue (IGR) firm in Anambra State, Saturday, barred its members from smoking cigarettes, hemp, other hard drugs and substances especially while on duty. The firm’s project manager, Mr Chukwuma Nwabuikwu Michael, who disclosed in an interview in Awka, said their agents were barred from drugs and substance abuse in order to improve the …

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