FORMER CBN GOVERNOR, EMEFIELE, OWNS 753 DUPLEXES RECOVERED BY EFCC – SOWORE A former governor of the Central Bank of Nigeria, Godwin Emefiele, owns the large estate in Abuja with 753 duplexes forfeited to the Nigerian government through the Economic and Financial Crimes Commission (EFCC), in a court ruling on Monday. Human rights activist and convener of #RevolutionNow Movement, Omoyele …

WHY SIMON EKPA CANNOT BE GRANTED BAIL – FINNISH AUTHORITIES Finnish authorities have given reasons why the controversial pro-Biafra agitator, Simon Ekpa, cannot be granted bail in Finland. A Senior Detective Superintendent at Finland’s National Bureau of Investigation, Mikko Laaksonen, said on Saturday that the Finnish legal system does not permit bail for suspects accused of the kind of offences …

EBONYI GOVERNOR THREATENS TO SACK STRIKING WORKERS OVER MINIMUM WAGE Ebonyi State governor, Francis Nwifuru, has given workers in the state 72 hours ultimatum to resume work or face dismissal. The governor also threatened to replace them after their dismissal from duty. Nwifuru’s action followed a seven days warning strike embarked on by the Nigeria Labour Congress, NLC, Ebonyi State …

GUNMEN KIDNAP GIGM PASSENGERS IN KOGI, DEMAND ₦100M PER VICTIM A tragic incident occurred on Saturday in Kogi State as gunmen attacked a GIGMobility bus traveling from Lagos to Abuja, abducting all passengers onboard near Obajana, along the Lokoja route. The driver of the bus managed to escape, but the remaining passengers were taken hostage. Reports indicate that the attackers …

OIL MARKETERS REJECT N1,030/LITRE PETROL PRICE AS PH REFINERY OPENS UP ON HALTING OPERATIONS The Port Harcourt Refining Company (PHRC) has confirmed that its operations were not entirely halted but scaled down temporarily to implement improvements.This clarification came as the Independent Petroleum Marketers Association of Nigeria (IPMAN) expressed concerns over the potential high cost of petrol produced at the facility. …

TOP 10 BANKS IN NIGERIA BY SHAREHOLDERS FUNDS IN Q3 2024 In the third quarter of 2024, Nigerian banks experienced a remarkable 79% year-on-year surge in shareholder funds, which soared from N11.2 trillion in the same period the previous year to N20 trillion, reflecting a substantial increase.This growth, according to data from Nairalytics, is driven by the shareholder figures of …

NIGERIANS IN URBAN AREAS NOW USE CHARCOAL, FIREWOOD FOR COOKING Nigerians in urban areas may have returned to the most affordable cooking fuels – charcoal and firewood, due to the increase in the price of cooking gas. Charcoal and firewood were used by mostly the locals and people living in semi-urban areas before the advent of cooking gas. However, when …

PORT HARCOURT REFINERY ANNOUNCES RESUMPTION OF FULL OPERATION The Port Harcourt refinery has announced the resumption of full operations after temporarily scaling down. This was made known by the Managing Director of the refinery, Mr Ibrahim Onoja, while addressing journalists after a facility tour of the refinery on Sunday, December 1, 2024, where he revealed that the facility had resumed …

CBN TO RETIRE 1,000EMPLOYEES Barring any last-minute changes, the Central Bank of Nigeria (CBN) will soon retire about 1,000 of its employees before the end of the year, investigations by Daily Trust have shown. Reliable sources at the apex bank’s headquarters revealed that the retirement would gulp over N50 billion in payoff to the affected workers. In what it described …

l SEVEN FOUNDERS OF LOCAL AIRLINES IN NIGERIA’S $1.7B AVIATION INDUSTRY The Nigerian aviation sector, despite being a critical element in the country’s transportation system and economy, has not reached its full potential compared to other African nations. The International Air Transport Association (IATA) estimates that aviation supports $63 billion in economic activity across Africa. However, Nigeria’s aviation industry contributes …

TRUMP APPOINTS NIGERIA-LEBANESE BUSINESSMAN ADVISOR ON ARAB, MIDDLE EASTERN AFFAIRS President-elect Donald Trump has announced that Nigerian-Lebanese businessman Massad Boulos will serve as his senior advisor on Arab and Middle Eastern affairs. The decision, made public on Trump’s Truth Social platform, highlights Boulos’ influential ties to the Middle East and his extensive business dealings in Nigeria, a key African economy. …

2027: ATIKU, OBI’S PARLEY IN YOLA REIGNITES MERGER PERMUTATIONS Former Vice President Atiku Abubakar, and the Labour Party’s 2023 presidential candidate, Peter Obi, have reignited discussions around the possibility of both uniting for a run at the 2027 presidential election. Their meeting on Saturday in Yola has generated renewed buzz about their plans for the upcoming election, with reports suggesting …

PH REFINERY STILL OPERATING – ENGINEERS CLAIM The Nigerian Society of Chemical Engineers, NSChE, has insisted that the Port Harcourt Refinery is still operational and has continued to refine petroleum products. This is coming amid reports that the refinery has halted operations just days after the Nigerian National Petroleum Company (NNPC) Ltd revealed that it had fulfilled its pledge of …

COURT STOPS UNN FROM CONDUCTING CONVOCATION ELECTION A Federal High Court in Enugu State has restrained the University of Nigeria, Nsukka (UNN) from conducting its convocation election until the determination of a suit brought by some aspirants alleging a breach of the Standing Orders of Proceedings by the Acting Vice Chancellor, Professor Polycarp Chigbu. In the suit, filed under number …

OJUKWU, GOWON NEVER RECONCILED – ONOH Dr Josef Onoh, the brother-in-law to the late Biafra leader, Dim Chukwuemeka Odumegwu-Ojukwu, has refuted claims by former Head of State, General Yakubu Gowon, that the two had reconciled.Onoh clarified that what Gowon referred to as a reconciliation meeting was, in fact, a condolence visit after the passing of his father, Chief C.C. Onoh, …