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Brazilian Oil Giant Petrobras Eyes Return To Nigeria

Brazilian state oil company, Petrobras, is seeking a return to Nigeria’s oil sector with a renewed focus on frontier deepwater exploration as part of efforts to strengthen ties between both countries. In a statement on Wednesday, Stanley Nkwocha, Senior Special Assistant to

May 15, 2025

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EFCC Excludes Foreign National From CBEX Wanted List

The Economic and Financial Crimes Commission (EFCC) has removed a foreign national, Elie Bitar, from the wanted list for Crypto Bridge Exchange (CBEX) fraud. The anti-graft agency had on April 30 declared Bitar wanted over the alleged fraud perpetrated on the CBEX

May 15, 2025

South-East PDP Threatens to Leave Party Over Ude-Okoye

The South-East Zonal Executive Committee (ZEC) of the Peoples Democratic Party (PDP) has threatened to review its relationship with the party if its recommendation of Sunday Ude-Okoye as national secretary is not honoured. The body made this known at the end of

May 15, 2025

News·Education

JAMB Registrar in Tears, Acknowledges 2025 UTME Errors

The Joint Admissions and Matriculation Board has admitted that errors affected candidates’ performance during the 2025 Unified Tertiary Matriculation Examination, which was held across different centres in the country. The Registrar of the board, Ishaq Oloyede, who disclosed this during a media

May 15, 2025

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Leasing Industry Transaction Volume Grew by 23.2% In 2024 — ELAN

The Equipment Leasing Association of Nigeria (ELAN) has announced that the Nigerian leasing industry recorded a growth of 23.2 per cent in 2024. It also said the sector recorded a N5.16 trillion volume of transactions in 2024, compared to the N4.19 trillion

May 14, 2025

Alleged Bribery: Kano Court Rejects Ganduje’s Bid To Stop Trial

A Kano State High Court on Tuesday dismissed a motion filed by the National Chairman of the All Progressives Congress (APC), Abdullahi Umar Ganduje, challenging the court’s jurisdiction to hear an 11-count corruption charge brought against him and seven others. Justice Amina

May 14, 2025

Oil Drilling To Resume In North —NNPCL GCEO

More than two years after former President Muhammadu Buhari launched a crude oil drilling project on the border of Bauchi and Gombe states, the Group Chief Executive of the Nigerian National Petroleum Company Limited, Bayo Ojulari, said that the energy firm would

May 14, 2025

Lagos Revenue Rises By 45% To N1.3trn In 2024

Lagos Revenue Rises By 45% To N1.3trn In 2024

Lagos State recorded a 45 per cent growth in revenue to N1.3 trillion in 2024, from N895 billion recorded in 2023. This was revealed by the Commissioner for Finance, Abayomi Oluyomi, in a statement to mark the second year of the second

May 14, 2025

Nigeria To Receive $3bn Telecoms Infrastructure In June – Minister

The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has disclosed that Nigeria is set to receive telecommunications equipment and fibre optic infrastructure worth $3 billion in June 2025. Speaking during a panel session at the Nigeria Development Update (NDU) organised

May 13, 2025

Economy·News Update

FEC Approves Group Life Insurance For Govt Officials, Civil Servants

The Federal Executive Council has approved a group life insurance scheme for federal government officials, civil servants, and some other workers at the federal level. The approval was given at the FEC meeting presided over by President Bola Tinubu at the Council

May 13, 2025

Tinubu Swears In Two New INEC Commissioners, Yakubu Denies Sack

President Bola Tinubu on Monday swore in two newly appointed commissioners of the Independent National Electoral Commission (INEC), as its Chairman, Mahmood Yakubu, dismissed widespread speculation that he had been removed from office. Speaking with State House correspondents shortly after the Federal

May 12, 2025

UK Stops Overseas Recruitment For Social Care Visas

The UK government has announced an end to overseas recruitment for social care visas, as part of immigration policies unveiled by the, Prime Minister, Keir Starmer, in a White Paper to help Britain strengthen control of its borders and reduce migration. “In

May 12, 2025

EFCC Says Tompolo Has Questions To Answer Over Alleged Naira Abuse

The Economic and Financial Crimes Commission (EFCC) says it will take action against Chief Government Ekpemupolo, better known as Tompolo, over an allegation of Naira abuse. Tompolo was spotted in a viral video, reportedly during his 54th birthday celebration in April, dancing

May 12, 2025

Saraki To Chair PDP Reconciliation Committee Ahead Of NEC Meeting

The Peoples Democratic Party (PDP) has set up a committee headed by a former Senate president, Bukola Saraki, to reconcile aggrieved members ahead of its National Executive Committee meeting. This was disclosed at the end of a meeting held at the Abuja

May 12, 2025

OpenAI Decides Against Becoming a For-Profit Company

OpenAI CEO Sam Altman on Monday said the company behind ChatGPT would continue to be run as a nonprofit, as it abandoned a highly contested plan to turn into a for-profit organization. The issue had become a serious point of contention for

May 12, 2025

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