The Nigerian Deposit Insurance Corporation (NDIC) has revealed that it is already in the process of paying Heritage Bank depositors. The managing director of NDIC, Bello Hassan, made the disclosure and gave the assurance during a press briefing in Abuja on Wednesday. Recall that on June 3, the Central Bank of Nigeria (CBN) revoked the banking licence […]
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The Nigerian naira depreciated to N1,520 per dollar at the parallel section of the foreign exchange (FX) market on Monday. This is a 3.4 percent decline from the N1,470/$ traded on May 10. The bureau de change (BDC) operators, popularly known as street traders, put the buying price of the dollar at N1,490 and the selling price […]
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Governor Siminalayi Fubara of Rivers state has said a judicial panel of inquiry will be set up to investigate the management of the state’s resources and affairs under past administrations. The governor made the proclamation on Monday while swearing in Dagogo Iboroma, a senior advocate of Nigeria (SAN), as the Rivers’ attorney-general and commissioner for […]
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Pat Utomi, a professor of political economy, says he has held talks with Atiku Abubakar, Peter Obi and Rabiu Kwankwaso over the possibility of forming a new political party that would give the ruling All Progressives Congress (APC) a run for its money. Utomi spoke on Wednesday on Channels Television’s Politics Today programme. Abubakar, Obi […]
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The presidential candidate of the Labour Party (LP) in the 2023 elections, Peter Obi, says all those who are culpable in the Betta Edu saga should be brought to book. Recall that Betta Edu, suspended minister of humanitarian affairs and poverty alleviation, has come under scrutiny after a memo surfaced wherein she asked Oluwatoyin Madein, […]
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The United States, US district court for the district of Columbia has rejected request to make Federal Bureau of Investigation (FBI) and Central Intelligence Agency (CIA) to make information about President Bola Tinubu public. The court said Tinubu has “privacy rights that should be considered”. Responding to a motion by Aaron Greenspan, an American who […]
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Some Elders of the People’s Democratic Party (PDP), arrived Government House of Rivers State in Port Harcourt on Monday evening in effort to to broker peace between Governor Siminalayi Fubara and Nyesom Wike, Minister of Federal Capital Territory. Among the Elders of the party sighted in Government House were Chief Emma Anyanwu, former PDP Chairman, […]
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The candidate of the Peoples Democratic Party (PDP) in the February 25, 2023 presidential election, Atiku Abubakar has reacted to the October 26, 2023 verdict of the Supreme Court. The Supreme Court had affirmed Bola Tinubu’s election as president in February 2023. The court also refused to admit fresh evidence of forgery against Tinubu which […]
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The Supreme Court of Nigeria, on Thursday affirmed the victory of President Bola Tinubu in the February 25 presidential election. In its ruling, the apex court dismissed the appeals by the presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar and his Labour Party (LP) counterpart Peter Obi. The supreme court, in its lead […]
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NIGERIA – the minister of finance and coordinating minister of the economy, Wale Edun, says the federal executive council (FEC) has approved a $1.58 billion loan request. Edun said the loan request is split into two; $1.5 billion from the World Bank and $80 million from the African Development Bank (AfDB). The minister revealed the approval after […]
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