The Federal Government has waived the signature bonus requirement in the bidding process for newly auctioned oil blocks. The Minister of State for Petroleum Resources, and Oil, Mr Heineken Lokpobiri, said this exemption is to attract fresh investments and ramp up oil output. He disclosed this on the sidelines of the ongoing 2024 Offshore Technology…
Bolaji Ariyo, Mami Chula Beach’s Chief Executive Officer and one of the affected property owners in the Lagos-Calabar Coastal Road construction says millions stand to benefit from the project. The Minister of Works, David Umahi, had last week disclosed that the Federal Government would pay N2.75bn in compensation to property owners affected by the demolition necessary for the construction…
Journalists and concerned citizens have stormed the Nigeria Police Force Headquarters, Abuja, in a protest, demanding the immediate release of Daniel Ojukwu, a journalist with the Foundation for Investigative Journalism. Ojukwu was clandestinely abducted by the police in Lagos on May 1 and transferred to Abuja about three days later. The ongoing protest at the…
The House of Representatives has called on Vice President Kashim Shettima to summon an emergency meeting of the board of the Niger Delta Power Holding Company for the urgent resuscitation of the Gbarain Power Plant to enhance the efficiency of the national grid. The Vice President is the Chairman of the NDPHC board. The house…
The House of Representatives has resolved to investigate the procurement process of the Lagos Calabar coastal highway. This followed the adoption of a motion of urgent national Importance moved by Austine Achado (APC, Benue) during plenary on Thursday. Moving the motion, Achado maintained that the contract award did not follow due process and did not…
Panic gripped residents and traders of the popular Ojoo market in the Akinyele Local Government Area of Oyo State as the government demolished scores of shops and kiosks in the area, on Thursday. The PUNCH gathered that the Ministry of Lands, Housing and Urban Development had served the traders quit notice a long time ago…
The Central Bank of Nigeria has urged Deposit Money Banks in Kano State to participate fully in the Agricultural Credit Guarantee Scheme Fund to fast-track the development of the agricultural sector of the nation’s economy. The CBN Kano Branch Controller, Alhaji Umar Ibrahim Biu, made the call at the Kano Bankers’ Forum 2023 Dinner and…
The Ango Abdullahi-led Northern Elders Forum, on Thursday, condemned the Central Bank of Nigeria’s decision to impose a cybersecurity levy on bank customers across the country. The NEF through its Director of Publicity and Advocacy, Abdul-Azeez Suleiman, in a statement, released in Kaduna, expressed dissatisfaction with the policy. The Forum cited the escalating costs associated…
Former President Muhammadu Buhari has described the Awujale of Ijebuland, Oba Sikiru Kayode Adetona, as an “exemplary chief who leads through example and shows the conduct of a true statesman.” Buhari gave the praise in a statement issued by his spokesman, Garba Shehu, on Thursday, on the occasion of the monarch’s 90th birthday The monarch…
President Bola Tinubu has officially resumed duties at the Presidential Villa, Abuja, a day after returning from his overseas trip. To quell rumors about his health and whereabouts, the Presidency released a video of the President taking a stroll from his official residence to his office, flanked by his security team, Chief of Staff, Femi…
Pharmaceutical company, Pfizer Inc. has agreed to settle more than 10,000 cases accusing the company of hiding the cancer risks of its heartburn drug, Zantac, Bloomberg reported Wednesday. According to sources who are privy to the matter but not authorised to discuss the settlement said the financial details of the agreements weren’t immediately available. The…
An unidentified Nigerian man has expressed frustration and embarrassment after a bank in Poland refused to open an account for his child, citing a blanket policy against Nigerian customers. In a now viral social media post on Wednesday, he said, “I am embarrassed, disgraced. I’m angry and upset. Nigerians, what have you done to them…