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DANGOTE REFINERY ANNOUNCES NEW PETROL PRICE, LITRE NOW SELLS N955 AT LOADING POINT In response to a sustained increase in the price of Brent crude, the global benchmark, the Dangote Petroleum Refinery, has announced a new price list for its customers for Premium Motor Spirit (PMS), commonly referred to as petrol or fuel.In a statement reportedly disseminated via email on …

NATIONAL ASSEMBLY SETS N2.5TRN REVENUE TARGET FOR FIRS IN 2025 The national assembly joint committee on finance has set N25 trillion as revenue target for the Federal Inland Revenue Service (FIRS) for the 2025 fiscal year. The committee, composed of the finance panels of the senate and house of representatives, also commended the service for raking in N21.6 trillion in …

EX-FIRST BANK CHAIRMAN, OBA OTUDEKO SUDDENLY LEAVES NIGERIA AS EFCC CLOSES IN Oba Otudeko, a former chairman of the First Bank of Nigeria (FBN), has suddenly left Nigeria, TheCable understands. His departure comes in the wake of his imminent arraignment by the Economic and Financial Crimes Commission (EFCC) on a 13-count charge of alleged fraud. TheCable understands that the businessman …

ICPC TO ARRAIGN EL-RUFAI’S EX-APPOINTEES OVER ALLEGED N64M FRAUD Independent Corrupt Practices and Other Related Offences Commission (ICPC) is set to arraign three ex-appointees of former Governor of Kaduna State, Mallam Nasir El-Rufai, in a fresh N64 million money-laundering suit. The ex-appointees are a former Senior Special Adviser/Counsellor to the former governor, Mr Lawal Shakiru Olajimi Adebisi; the ex-accountant general …

SUPREME COURT DOCUMENT REVEALS NO RECORD OF EX-LAGOS SPEAKER OBASA’S LEGAL ENROLLMENT More trouble seems to be brewing for recently impeached Speaker of Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, as a document, which surfaced on the social media, reveals that his name is not in the record of legal practitioners in Nigeria. A Supreme Court document has …

LANDMARK GROUP PARTNERS WITH ENUGU TO REVAMP NIKE LAKE RESORT The chief executive officer of Landmark Group, Mr. Paul Onwuanibe, has finalised an agreement with the Enugu State government on a 35-year lease to revitalise the Nike Lake Resort to a competitive standard in Nigeria and beyond. In line with the “Akurulo Igbo campaign” that’s calling all Igbo entrepreneurs to …

TEARS AS TRUCK CRASHES INTO RESIDENTIAL BUILDING, KILLS NINE FAMILY MEMBERS IN BENUE Tragedy struck in Okete, a quiet community in the Ohimini Local Government Area of Benue State, on Thursday, when a truck crashed into a residential building, killing nine members of a family. Sources told our correspondent that the incident occurred around 5 am when the family was …

COURT ACQUITS EZE IGBO ACCUSED OF TERRORISM The Lagos high court sitting at Tafawa Balewa Square has acquitted and discharged Fredrick Nwajagu, the Eze of Ajao Estate, of terrorism charges. On Wednesday, the presiding judge, Yetunde Adesanya, ruled that the Lagos state government failed to prove the terrorism charges against Nwajagu beyond a reasonable doubt. However, the judge convicted Nwajagu …

NIGERIAN MILITARY BLAMES FOREIGN FIGHTERS FOR RESURGENCE IN TERRORISTS ACTIVITIES The military high command has revealed that the recent spike in terrorists’ activities across the North East and North West regions is due to an influx of foreign fighters serving as reinforcements for Boko Haram terrorists. The outgone Director, Defence Media Operations, Edward Buba, a Major-General disclosed this to journalists …

FORMER FIRST BANK MD ONASANYA, OBA OTUDEKO TO BE ARRAIGNED OVERN12.3BN FRAUD The Federal High Court in Lagos has fixed Monday, January 20, 2025, for the Economic and Financial Crimes Commission (EFCC) to arraign the Chairman of Honeywell Group, Chief Oba Otudeko and a former First Bank Managing Director, Stephen Olabisi Onasanya, for allegedly looting N12.3billion from First Bank. Otudeko …