The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from 2009 to 2020. It disclosed this in Abuja through the Nigeria Extractive Industries Transparency Initiative at a policy dialogue on oil swap, […]
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The presidential candidate of the All Progressive Congress, Bola Tinubu, says Atiku Abubakar of the Peoples Democratic Party could not have won the February 25 presidential poll because part of the votes he should have garnered was taken by the candidates of Labour Party, Peter Obi, and Rabiu Kwankwaso of the New Nigeria People’s Party, […]
Continue ReadingPolitical parties, including the All Progressives Congress and the Peoples Democratic Party, are set to battle for 94 legislative seats in federal and state parliaments in Saturday’s supplementary elections. Supplementary governorship elections will hold in Adamawa and Kebbi states on the same day. In the general elections, the Independent National Electoral Commission declared winners for […]
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Another major political alliance has emerged in the House of Representatives, about two weeks after members-elect on the platform of minority parties in the chamber formed a coalition against the All Progressives Congress. On Thursday, a member of the ruling APC and the opposition Peoples Democratic Party jointly issued a statement in Abuja to announce […]
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A serious political crisis is brewing in the All Progressives Congress in Ogun State as aides of the state Governor, Dapo Abiodun, and former governor Gbenga Daniel, disagreed over alleged anti-party activities during the last elections in the state. The Independent National Electoral Commission declared Abiodun, who ran on the platform of the APC, winner […]
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By Abraham Adegoke When the Nigerian Content Development and Monitoring Board (NCDMB) was established in 2010, its mission was to promote the development and utilisation of in-country capacities for Nigeria’s industrialisation by effectively implementing the Nigerian Content Act. While the board has, over the years, made giant strides towards actualising this goal with several policies […]
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By Dan Agbese President Muhammadu Buhari signed 16 amendments to the 1999 Constitution into law on March 18. Perhaps the most significant of these was the amendment that removed electric power generation, transmission, and distribution from the exclusive legislative list to the concurrent legislative list. States are thus permitted by this amendment to assume the […]
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An Arik Air Boeing 737 aircraft undergoing rebranding recently, at the Maintenance, Repair, and Overhaul (MRO) facility of Ethiopian Airline, in Addis Ababa, Ethiopia, as it prepares for a new life with NG Eagle Not many stakeholders warmed up to the Asset Management Corporation of Nigeria’s (AMCON) takeover of the management and operations of financially-distressed […]
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Chairman, Dangote Cement Plc, Aliko Dangote (left); Group Managing Director/Chief Executive Officer, Dangote Cement Plc, Arvind Pathak and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the 14th yearly general meeting of Dangote Cement Plc in Lagos…yesterday. Photo: Ayodele Adeniran Dangote Cement Plc has assured shareholders and other stakeholders of its resolve to keep the […]
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Photo: Samuel Corum/Getty Images/AFP $4.7 billion needed to bridge credit gap Multiple economic shocks in recent years, amid a slow rise in per capita income in more than three decades, have put developing economies in real danger if urgent steps are not taken, the managing director of International Monetary Fund (IMF), Kristalina Georgieva, has warned. […]
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