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The Network of Advocacy for Positive Impact Initiative (NAPII) has urged stakeholders to exercise caution and responsibility in discussions surrounding the Transmission Company of Nigeria (TCN), underlining the need to support critical national institutions. Addressing journalists in Abuja on Tuesday, the Executive Secretary of NAPII, Comr. William Bassey, said the session was called to “set the record straight” on recent …

After five hours of trading on the capital market, equity capitalization rose to N125.8 trillion from N126.5 trillion recorded by the exchange on Monday. Premier Paints, Sunu Assurance and Conoil led the gainers chart, with share price growth of 9.97%, 9.95% and 9.95% respectively, closing at N17.65, N4.75 and N204.40 per share, up from N16.05, N4.32 and N185.90 per share. …

Kampala Convention: Kalu reacts as President Tinubu signs his bill for the protection of internally displaced persons in Nigeria Deputy Speaker of the House of Representatives Rt Hon Benjamin Kalu reacted as President Bola Ahmed Tinubu signed into law the African Union Convention for the Protection and Assistance of Internally Displaced Persons (IDPs), also known as the Kampala Convention, to …

Nigeria’s currency, the naira, recovered against the American dollar at the official window on Tuesday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,401.40/$1, compared with N1,405.62/$1 on Monday. This represents a loss of N5.81 for the local currency against the dollar. On the black market, the naira lost N10 against the dollar, …

The Federal Government, in collaboration with the World Bank, has inaugurated the $500 million Sustainable Power and Irrigation for Nigeria (SPIN) project across the country. Minister of Water Resources and Sanitation Prof. Joseph Utsev on Tuesday said SPIN will strengthen dam safety, improve irrigation and hydropower, and support food security, economic growth and environmental sustainability nationwide. He added that the …

The Joint Action Congress (JAC), Olusegun Agagu University of Science and Technology (OAUSTECH), Okitipupa in Ondo State, has embarked on a seven-day protest over alleged injustice committed by the governing board of the institution. JAC includes the Senior Staff Association of Nigerian Universities (SSANU); Non-Academic Staff Union (NASU); and the National Association for Academic Technology (NAAT). Protesters gathered in large …

Galatasaray president Dursan Ozbek has revealed that the Turkish champions have paid 75 million euros for the transfer of Victor Osimhen. “We have already paid the full amount of Osimhen’s transfer,” Ozbek told the media. Galatasaray agreed with Napoli to pay the record transfer fee in installments when they signed him permanently last summer. Since top Turkish clubs are famous …

President Bola Tinubu has written to the Senate to screen and confirm Mr Taiwo Oyedele as Minister of State for Finance, replacing Dr Doris Uzoka-Anite. The president also urged the upper house to confirm Magnus Abe, a former senator representing Rivers South East district, as chairman of the Nigerian Upstream Petroleum Regulatory Commission following the resignation of Gbenga Komolafe. Tinubu …

Sri Lanka have appointed former South Africa opener Gary Kirsten as their new coach. Kirsten will take up the role on April 15 after signing a two-year deal that will see him manage the country at next year’s 50-over World Cup which will be co-hosted by South Africa, Zimbabwe and Namibia. The 58-year-old coached India to World Cup victory in …

Former Senate President, Bukola Saraki, has called on leaders and stakeholders of the Peoples Democratic Party (PDP) to stop the spate of lawsuits arising from the dispute over the party’s national convention and instead work towards holding a new convention that complies with election regulations. Saraki made the appeal on Tuesday via a statement posted on Facebook and signed by …