Osun begins work on state electricity market policy, bill

Osun State governor, Senator Ademola Adeleke has unfolded plans by his administration to develop a plan of action for Osun State Electricity Market policy and legislation. Speaking on the recent signing into law of a constitutional amendment empowering state governments to regulate the electricity market within their boundaries, Adeleke, in a statement on Monday directed […]

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Aregbesola no longer our leader in Osun APC — Ex-Senate spokesman Ajibola

Spokesman of Nigeria’s ninth Senate, Dr. Ajibola Basiru, has said that the former Interior minister, Ogbeni Rauf Aregbesola, is no longer a leader of the All Progressives Congress, APC, in Osun State. Basiru, who represented Osun Central Senatorial District in the immediate past Senate, made this known on Wednesday while delivering his scorecard to his […]

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Osun NUJ congratulates newly inaugurated NASS members

The Nigeria Union of Journalists (NUJ) Osun State Council has urged the newly inaugurated 12 members of the 10th National Assembly from the state to work harmoniously at ensuring good representation and enactment of laws that will be of benefit to their constituents. In a congratulatory message signed by Comrade Wasiu Ajadosu and Adeyemi Aboderin, […]

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Tinubu inaugurates National Economic Council, says no excuses for failure

President Bola Tinubu has inaugurated the National Economic Council (NEC), charging the Council to work with his administration to revive the economic fortunes of Nigerians. The Council is headed by Vice President Kashim Shettima. Speaking at the inauguration of the NEC at the Council Chambers of the State House in Abuja, he said that the […]

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Kenyan President wants less circulation of dollars in Africa

• Seeks use of local currencies in African trade Kenyan President, William Ruto, has called on African nations to shift away from using the United States (U.S.) dollar for intra-continental trade and opt for the use of local currencies for the purposes of buying and selling. He emphasised that the African Export-Import Bank (Afreximbank) has […]

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INEC, LP bicker over subpoena as Obi tenders I-Rev reports

• Court admits statistical reports in Atiku’s petition Labour Party’s (LP) presidential candidate, Peter Obi, has lamented the alleged refusal by the chairman of the Independent National Electoral Commission (INEC), Prof. Mahmoud Yakubu, to accept the summons and produce documents before the court. Counsel for Obi, Dr. Livy Uzoukwu, told the Presidential Election Petition Court, […]

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DSS invites suspended EFCC chairman, Bawa for questioning

The suspended chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa, has submitted himself to the Department of State Services, DSS, for questioning a few hours after he was suspended by President Bola Ahmed Tinubu. This was confirmed by the agency’s spokesman, Dr. Peter Afunnaya via the DSS’ twitter handle at 10.48 […]

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AMCON’s bid to return Arik Air to founder fails twice over N240.3b debt

Fresh facts have emerged in the conflict of interest between the shareholders of Arik Air and the Asset Management Corporation of Nigeria (AMCON), with the latter showing evidence of failed attempts to return the airline to its founder. AMCON and Arik Air (in-receivership), which had been accused of barring the major shareholders from access to […]

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Naira slumps as CBN commences rates harmonisation, faces supply hurdle

• Local currency loses 61% to dollar at official market • Bank, parallel market rates converge at N755 • I & E window rate falls by 29 percent to N664 to dollar • Apex bank stops RT200 FX programme • Govt transactions to be executed using I&E window • Stakeholders describe decision as courageous • […]

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Ondo acting governor urges prayers for Akeredolu

Traces tension to next year’s governorship election Ondo State Acting Governor, Hon Lucky Aiyedatiwa, has called on the people and friends of the state to pray for the quick recovery of his principal, Oluwarotimi Akeredolu, who is currently on medical leave. Aiyedatiwa said in a statement that the governor’s health is of utmost importance to […]

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