The Central Bank of Nigeria (CBN) Wednesday demanded statutory powers from the Nigerian Senate to enable freeze bank accounts that are linked to criminal suspects.
This demand was made on behalf of CBN by the Director, Legal Services, Mr Kofo Salam-Alade, who appeared before a Senate Committee Hearing for a...
The President Muhammadu Buhari-led Federal Government Sunday handed over the National Arts Theatre complex in Lagos State to the private sector for a complete revamp and modernisation.
This was coming as Lagos State Governor, Babajide Sanwo-Olu, said the proposed transformation of the theatre complex give Nigeria an opportunity to harness...
An explosion at Gbetiokun, OML 40 oil field operated by the Nigerian Petroleum Development Company (NPDC), on behalf of the NPDC/Elcrest Joint Venture has killed seven people.
This was disclosed in a statement by the Nigerian National Petroleum Corporation (NNPC), Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru...
One of the leading West Africa’s cement companies, BUA Cement, has announced plans to establish a three million metric tonnes cement factory and 50 megawatts power plant in Guyuk and Lamurde local government areas of Adamawa State in the North-eastern region of Nigeria.
BUA is Nigeria’s second largest cement producer...
The President Muhammadu Buhari-led Federal Government may July 24 close the popular Third Mainland Bridge in Lagos for repair works.
This was disclosed on Monday by the Federal Controller of Works in Lagos, Mr. Olukayode Popoola.
He explained that consultations are ongoing for another phase of repair works to begin on...
African Development Bank Group has announced the appointment of Wambui Gichuri as Acting Vice President (Agriculture, Human and Social Development) effective July 5.
Wambui joined the African Development Bank Group in 2018 as Director, Water Development and Sanitation. She currently oversees the bank’s water sector programme of over $ 4.5...
Government of the United States of America (USA) has finally charged Ramon Abbas Olorunwa Igbalode popularly known as Ray Hushpuppi to court in Los Angeles for allegedly committing frauds and laundering ‘millions of dollars from cybercrime schemes.'"
The government, in a comprehensive affidavit on Friday by the US Department of...
Idowu Sowunmi
To reaffirm its status as the biggest cement producer in Africa, Dangote Cement has set the pace with the exportation of 27,800 metric tonnes of clinker to a neighbouring African country, Senegal.
With this historic maiden voyage from its Export Terminal located in Apapa Port, Lagos at the weekend,...
Idowu Sowunmi
President Muhammadu Buhari Tuesday said Nigeria would stand solidly behind Dr. Akinwumi Adesina in his bid to get re-elected as President of the African Development Bank (AfDB).
The President stated this at State House in Abuja, while hosting Adesina on a courtesy visit.
According to him, “In 2015, when you...
The support base of embattled President of the African Development Bank (AfDB), DR. Akinwunmi Adesina has been strengthened by two top level individuals, Sierra Leone President, Julius Maada Bio and Harold Doley, the first United States representative to the AfDB. They are the latest joining in with their voice.
In...
