News Update - Page 41

The Organization of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. In its Monthly Oil Market Report (MOMR) for April, the Secretariat now sees demand grow

Nigeria’s credit rating has been raised to B by Fitch Ratings, though this still places it in the speculative-grade category. The decision to upgrade the country’s status was due to improved policy credibility and lower short-term risks to economic stability. This rating

The National chairman of the All Progressives Congress,  Abdullahi Ganduje, has dismissed the recent visit of the opposition led by former vice president, Atiku Abubakar, as a wasted effort and not a threat to the ruling party or President Bola Tinubu. He

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed strong support for the Federal Executive Council’s recent approval of the continuation of the Naira-for-Crude policy — a move the association believes could mark a turning point in the country’s

Sahara Group, in collaboration with the Federal Government, is exploring the establishment of a National Data Park and Computer Infrastructure at Egbin Power, Africa’s largest privately-run thermal power plant. Sahara Group’s collaboration with the Federal Government will be driven by Dr. Bosun

Eleven Governors of the People’s Democratic Party (PDP) have approached the Supreme Court challenging what powers the president has to suspend the democratically elected Governor of Rivers State, Siminalayi Fubara. The suit filed by the governors also challenged the declaration of Emergency

Transcorp Hotels Plc has announced the approval of a final dividend of 64 kobo per share for the 2024 financial year, bringing total payouts to 74 kobo per share, amounting to N7.57 billion. The announcement was made by the Chairman of Transcorp

Kano State Governor, Abba Yusuf has called for the public parade of 14 suspects apprehended in connection with the lynching of 16 hunters in Edo State. During a condolence visit by his Edo counterpart – Governor Monday Okpebholo, in Kano, Yusuf further

The Independent National Electoral Commission (INEC) may conduct a referendum within 90 days to ascertain the fate of suspended Senator Natasha Akpoti-Uduaghan who represents Kogi Central Senatorial District. This follows the submission of a recall petition by her constituents last week. INEC

President Bola Tinubu has justified his appointment of Dr Bosun Tijani as Minister of Communications, Innovation, and Digital Economy. Tinubu said the appointment was a testament to his belief in recognising talent, even in those who may have once been critics. The

The Foreign Agricultural Service of the U.S. Mission, in collaboration with the California Wine Institute, organised a trade promotion event in Lagos that connected 18 California wineries with the Nigerian business community and strengthened agricultural trade ties between the two countries.   More

The Economic and Financial Crimes Commission (EFCC) has arraigned one Okorie Sunday who was arrested on March 19, 2025, at the Murtala Muhammed International Airport, Ikeja, Lagos, with $578,000 in cash. The defendant was arraigned before Justice Deinde Dipeolu of the Federal

The Commission held its regular weekly meeting today, Tuesday 25th March 2025. Among other issues, the meeting discussed the petition for the recall of the Senator representing Kogi Central Senatorial District. The process of recall is enshrined in the 1999 Constitution, the