Tinubu govt borrowed $6.45bn from World Bank – Report

The Federal Government, under the leadership of President Bola Tinubu, has secured loans worth $6.45bn from the World Bank in just 16 months. The amount increased to the new figure following the recent approval of three new loans totaling $1.57bn from the World Bank for various projects in Nigeria and is expected to increase further […]

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Obi, LP caretaker committee to appeal judgment affirming Abure’s chairmanship

The Presidential Candidate of the Labour Party in the 2023 election, Peter Obi and members of the 29-man caretaker committee set up by stakeholders have announced that they will appeal Tuesday’s judgment affirming Julius Abure as the National Chairman. The move comes a few hours after a Federal High Court sitting in Abuja declared the […]

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Dangote says Nigeria can become a refining hub

… and save Africa’s $17bn petrol products imports Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, to transit from a net importer to a net exporter of petroleum products. Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, made this assertion […]

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Supreme Court sets Oct 22 for 16 governors’ suit seeking to declare EFCC illegal

The Supreme Court, on Tuesday, fixed October 22 for the hearing of a suit filed by at least 16 state governments challenging the constitutionality of the laws establishing the Economic and Financial Crimes Commission (EFCC) and two others. A seven-member panel of justices, led by Justice Uwani Abba-Aji, fixed the date after the states were […]

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LP Abure’s court victory: We’re reviewing development – Obi

Mr. Peter Obi, the Labour Party’s presidential candidate, has reacted to Julius Abure’s Court victory, stating that they are reviewing recent developments. This comes after Abure was affirmed as the substantive Chairman of the Labour Party by the Federal High Court in Abuja. Abure expressed gratitude and forgiveness, calling the victory “a triumph for justice […]

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PDP: Utaan moves to oust Damagum as national chairman

insists post must go to Benue Zone B A fresh push to remove Ambassador Iliya Damagum from his role as the acting national chairman of the People’s Democratic Party (PDP) has emerged, spearheaded by Engineer Conrad Utaan, a chairmanship aspirant from Benue State. Launching the move in Abuja on Wednesday, he highlighted the party’s longstanding […]

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North Central LP chairmen back Abure, hail court ruling

State chairmen of the Labour Party in the North Central geo-political zone have reiterated their commitment to give maximum support to the National Chairman, Julius Abure, to enable him to take the party to greater heights. The LP chairmen also congratulated Abure on his victory at a Federal High Court sitting in Abuja which validated […]

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Stop crude-for-loan deals, Dangote tells FG

The President of Dangote Group, Aliko Dangote, has said that Nigeria needs to stop mortgaging crude oil to ensure the availability of feedstock for local refineries. Dangote, who spoke at a summit organised by the Crude Oil Refinery Owners Association of Nigeria in Lagos, said it was unfortunate that while countries like Norway are putting […]

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