NNPC Posts N3.3trn Net Profit, Declares Dividend Of N2.1trn 

NewsNigeriaOil & GasNNPC Posts N3.3trn Net Profit, Declares Dividend Of N2.1trn 

Uzoamaka Ikezue (Staff Reporter)August 20, 2024

The NNPC Limited (NNPCL) has declared a net profit of N3.297 trillion at the close of the financial year which ended in December 2023. According to the corporation, an increase of over N700 Billion (28%) when compared to the 2022 profit of N2.548 trillion was recorded. A press statement on Monday signed by Olufemi Soneye, the Chief Corporate Communications Officer of NNPCL, quoted the Chief Financial Officer of the Company, Mr. Umar Ajiya as saying...

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NNPC Denies Owing International Oil Companies $6.8bn

NewsNigeriaOil & GasPoliticsNNPC Denies Owing International Oil Companies $6.8bn

Uzoamaka Ikezue (Staff Reporter)August 19, 2024

Nigerian National Petroleum Company Limited (NNPCL) has denied reports making the rounds that it owes the International Oil Companies (IOCs) $6.8bn. In a press statement on Sunday signed by Olufemi Soneye, the Chief Corporate Communications Officer, NNPCL, the National oil company also denied reports that it has not remitted revenues to the Federation Account since January, among other allegations. The statement reads, “The attention of the Nigerian National Petroleum Company Limited (NNPC Ltd.) has been...

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FG’s $1 Trillion Economy: SEC Rolls Out Initiatives To Attract New Listings

NewsNigeriaPoliticsFG’s $1 Trillion Economy: SEC Rolls Out Initiatives To Attract New Listings

Uzoamaka Ikezue (Staff Reporter)August 19, 2024

To drive activities in Nigeria’s capital market in alignment with the Federal Government’s one trillion dollar economy target, the new management of the Securities and Exchange Commission (SEC) has rolled out new initiatives. Dr. Emomotimi Agama, Director-General of the SEC made the remark at his first post-Capital Market Committee (CMC) press briefing in Lagos over the weekend. Agama expressed the determination of the commission to continue to encourage companies to list and urged the exchanges to take...

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2027: Ganduje Denies Presidential Ambition, Restates Loyalty To Tinubu 

NewsNigeriaPolitics2027: Ganduje Denies Presidential Ambition, Restates Loyalty To Tinubu 

Uzoamaka Ikezue (Staff Reporter)August 19, 2024

Alhaji Abdullahi Ganduje, the National Chairman of the All Progressives Congress (APC) has denied any presidential ambition in 2027. The former Kano State Governor had on Sunday restated his loyalty to President Bola Ahmed Tinubu amid posters currently circulating on social media that claimed he would contest the presidency in 2027, and urged the general public to disregard the posters. A press statement signed by Mr. Edwin Olofu, the Chief Press Secretary to the APC National...

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Ohanaeze Hails Obasanjo’s Position On #IgboMustGo

NewsNigeriaPoliticsOhanaeze Hails Obasanjo’s Position On #IgboMustGo

Uzoamaka Ikezue (Staff Reporter)August 18, 2024

…Seeks Punishment For Those Promoting Ethnic Profiling Ohanaeze Ndigbo Worldwide, the Igbo socio-cultural and political organisation has hailed former President Olusegun Obasanjo for his position on the #IgboMustGo, noting that the former president’s disposition to equity and fairness in national issues is legendary. A press statement on Sunday signed by the National Publicity Secretary of the organisation, Dr. Chiedozie Alex Ogbonnia, noted that it has observed with grave concern the orchestrated ethnic profiling, hate speech,...

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Former Ekiti First Lady Hails Gov Oyebanji’s Development Strides

NewsNigeriaPoliticsFormer Ekiti First Lady Hails Gov Oyebanji’s Development Strides

Uzoamaka Ikezue (Staff Reporter)August 14, 2024

The immediate past First Lady of Ekiti State, Erelu Bisi Fayemi has commended Governor Biodun Oyebanji for his giant strides in education, infrastructure, economic and human capital development, with attendant positive impact on the lives of the citizens. Erelu Fayemi, who gave the commendation in Ado-Ekiti on Tuesday when she paid a courtesy visit to the Governor in his Office. She expressed her satisfaction with the Governor’s commitment to the completion of all development projects...

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Atiku accuses Akpabio of Fixing Hugh Salaries for lawmakers while Nigerians Suffer

NewsNigeriaPoliticsAtiku accuses Akpabio of Fixing Hugh Salaries for lawmakers while Nigerians Suffer

Uzoamaka Ikezue (Staff Reporter)August 14, 2024

Former Vice President Atiku Abubakar has accused the Senate President, Godswill Akpabio for superintending over the National Assembly (NASS) that undermines Revenue Mobilisation Allocation and Fiscal Commission (RMFAC) by fixing humongous salaries and allowances for the lawmakers while Nigerians go hungry, poor and unsecured. The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 general elections in a press statement on Wednesday signed by his Media Adviser, Paul Ibeh, noted that Senator Sumaila Kawu has...

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Oyebanji Appoints Ayodele New Ekiti State University VC

EducationNewsNigeriaOyebanji Appoints Ayodele New Ekiti State University VC

Uzoamaka Ikezue (Staff Reporter)August 12, 2024

Biodun Oyebanji, Governor of Ekiti State has appointed Professor Joseph Babatola Ayodele, new Vice Chancellor of Ekiti State University, Ado-Ekiti. Ayodele, a Professor of Education Management, is until the appointment, the Deputy Vice Chancellor (Academic) of the University. Yinka Oyebode, Special Adviser (Media) to the Governor, in a press statement on Monday noted that Prof Ayodele’s appointment as Vice Chancellor takes effect from August 20, 2024. Ayodele takes over from Prof. Edward Olanipekun, whose tenure...

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NIS Set To Probe Woman Who Tore Husband’s Int’l Passport

Crime & SecurityNewsNigeriaNIS Set To Probe Woman Who Tore Husband’s Int’l Passport

Uzoamaka Ikezue (Staff Reporter)August 12, 2024

The Nigeria Immigration Service (NIS) is set to probe a woman who tore her husband’s international passport at the Murtala Muhammed International Airport, (MMIA), Ikeja, Lagos. The agency state that the woman will be prosecuted under Section 10(b) of Immigration Act 2015, and has already been invited for questioning. A statement on Monday by NIS spokesman, Kenneth Udo, said the incident is a violation of the law. The statement read, “The Nigeria Immigration Service (NIS) has...

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Obi Mourns Demonstrators, Security Officers Murdered  During Protest

NewsNigeriaPoliticsObi Mourns Demonstrators, Security Officers Murdered  During Protest

Uzoamaka Ikezue (Staff Reporter)August 12, 2024

Labour Party (LP) presidential candidate in the 2023 general elections, Peter Obi, has mourned all the demonstrators and security officers who were murdered during the #EndBadGovernance protest. The former Anambra State Governor stated that those who lost their lives in the just concluded protest died for the betterment of the country, maintaining that the deceased gave their lives while advocating for better governance in the nation. He made the remark via his X page, while...

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