News

NGX Group e-offering platform goes live

Nigerian Exchange Group (NGX Group) has launched NGX Invest, a digital platform designed to simplify Public Offerings and Rights Issues in the capital markets. This follows the platform’s approval by the Securities and Exchange Commission (SEC). NGX Invest is dedicated to primary market transactions in the country, which is a significant leap forward in enhancing the stakeholder experience in the …

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Nigeria wins legal victory as P&ID pays ruling costs in pounds

In a significant legal victory for Nigeria, the UK Court of Appeal has ruled that Process and Industrial Developments Limited (P&ID) must pay the country’s legal costs associated with a failed gas processing contract dispute, and crucially, those costs must be paid in British Pounds Sterling (GBP). This was stated in a statement by the Special Assistant to the President …

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How the US and Germany foiled a Russian plot to assassinate the CEO of a weapons manufacturer that was shipping weapons to Ukraine – Report

  Earlier this year, U.S. intelligence discovered that the Russian government was planning to assassinate the CEO of a powerful German weapons company that produces artillery shells and military vehicles for Ukraine, according to five U.S. and Western officials familiar with the matter. Employees work on a production line as German Chancellor Olaf Scholz and Defense Minister Boris Pistorius attend …

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Nigeria seeks to curb oil theft with $21 million measurement contract

In an effort to address the persistent problem of oil theft in the Niger Delta, the Federal Government of Nigeria (FG) has awarded a $21 million contract for the measurement of 187 crude oil flow stations. This initiative, approved by the Federal Executive Council (FEC), is a significant step towards increasing transparency and accountability in the national oil and gas …

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LASTMA denies involvement in man’s suicide death

The Lagos State Traffic Management Agency (LASTMA) has distanced itself from the discovery of the body of a man hanging from a tree not far from its office on the Lagos-Sagamu Expressway. In a statement issued on Friday, LASTMA Director of Public Affairs and Enlightenment, Taofiq Adebayo, responded to rumors circulating online that the agency was involved in the man’s …

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Community bids farewell to Mrs Alice Janet Obaseki as remains are buried in Ikoro

The remains of Madam Alice Janet Obaseki, mother-in-law of former Minister of State for Budget and National Planning, Prince Clem Ikabade Agba, were buried on Friday at her home in Ikoro, an Ijaw community in Ovia North East Local Government Area of ​​Edo State. Family members, church brothers, friends and political associates of Prince Agba and his wife, Princess Catherine …

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Zfancy show creator freed on bail after arrest over disturbing prank

Nigerian prankster and comedian, Zion Ubani, popularly known as Zfancy has been released on bail following his recent arrest for sharing disturbing jokes on social media. After being arrested on July 4 in Abuja by the NPF-National Cyber ​​Crime Centre for making a prank film with false allegations of serious crimes, including rape, the Nigerian Police has verified the release …

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Top 10 news stories from all newspapers in Indonesia, Saturday, July 13, 2024

Here are the top 10 stories making headlines across the country. 1. Tinubu named the National Theatre after Wole Soyinka as a birthday present President Bola Tinubu on Friday announced that the National Arts Theatre, Iganmu, Lagos, will henceforth bear the name of Nobel Laureate, Professor Wole Soyinka.Read more 2. NBS SURVEY: Nigerians paid N721 billion in cash bribes to …

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PIAFo Stakeholders Identify Obstacles to FG’s 90,000km Fiber Optic Cable Project

  Telecom stakeholders have said that the federal government’s plan to install 90,000 kilometers of fiber optic cables across the country will face several hurdles, especially from state governments, which could nip the project in the bud. From left to right: Chief Executive Officer, Skymax Integrated Networks Limited, Eng. Chidi Charles Agukwe; Deputy Director, Policy, Competition and Economic Analysis, Nigerian …

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