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Chairman of the Dangote Group, Aliko Dangote, has submitted a petition to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) against the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk. In the petition, filed through his lawyer, Ogwu Onoja, SAN, Dangote urged the anti-graft agency to arrest,
The Senate has passed the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper, paving the way for President Bola Tinubu to present the 2026 Appropriation Bill, estimated at ₦54.4 trillion. The passage followed the consideration and debate of a report presented during plenary on Tuesday by the Chairman of the Senate Committee on Finance,
The Federal Competition and Consumer Protection Commission (FCCPC) has seized and destroyed counterfeit, adulterated, and expired products valued at more than ₦25 million as part of its ongoing Ember Season enforcement campaign. Speaking on the development, the FCCPC South-South Zonal Coordinator, Uchegbu Chukwuma, said the exercise was undertaken to protect consumers from unsafe and substandard
Some beneficiaries of the 10,000 civil service jobs in Rivers State on Tuesday staged a peaceful protest to the Government House in Port Harcourt over the non-issuance of their appointment and posting letters. Leader of the group, Ajoku Okechukwu, while reading a communiqué, said the beneficiaries had undergone successful screening but were yet to receive
The Port Harcourt-based Mayor of Housing, My-ACE China, has extended his entrepreneurship advocacy to Mbo Local Government Area of Akwa Ibom State, supporting the establishment of an entrepreneurship centre and a vocational skills centre aimed at training and empowering young people in the area. Joining other stakeholders from Mbo, My-ACE China donated millions of naira
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, will lead the country’s delegation to the 2025 Annual Meetings of the World Bank and the International Monetary Fund (IMF), which open on Monday, October 13, in Washington D.C., United States. According to an official statement, Cardoso, who serves as the Alternate Governor for
The trial of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on allegations of fraud has suffered a major setback following a disagreement between parties over the forensic examination of a mobile phone and WhatsApp chats tendered as evidence in court. At the resumed hearing before Justice Rahman Oshodi of the
The management of the Rivers State Microfinance Agency (RIMA) has given loan defaulters a one-month ultimatum to repay their debts or face legal action. Managing Director of RIMA, Onene Osila Obele-Oshoko, disclosed this in an exclusive interview with our correspondent, Monica Ogwa. She lamented that many beneficiaries are still holding on to over one billion
A professor of Monetary Economics and International Finance, Professor Sancho Chukwu of Rivers State University, has blamed politicians for the stagnation in Nigeria’s economic growth and development. Speaking at the institution’s 119th inaugural lecture titled “Dynamics of Ehianomics: The Nigerian Experience,” Professor Chukwu said the country continues to hope for an economic turnaround even though
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has reduced the benchmark interest rate by 50 basis points, lowering it from 27.5 percent in July to 27 percent. The decision was reached at the Committee’s 302nd meeting held on September 22 and 23, 2025, following a vote by its 12 members. Briefing journalists after
