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Power truly belongs to the people (1) 

Power truly belongs to the people (1) 

ON the first day of January 2023, Mike Igini, a past Resident Commissioner of the Independent National Electoral Commission, INEC, in Akwa Ibom State used the occasion of the New Year to pass some profound messages to Nigerians which are worth reflecting deeply upon. “The future direction of Nigeria is up to the people…The 2022 […]

We never denied Labour Party venue for rally – Delta Govt<br><br><br>

We never denied Labour Party venue for rally – Delta Govt


Delta Government says contrary to online reports, it never denied the Labour Party venue for their Presidential Campaign rally in the state. The State Commissioner for Information, Mr Charles Aniagwu in a statement on Sunday said the party never applied officially for any venue and was denied. He said a representative of the party only […]

Innovation in the digital payments space will continue — Ecobank CEO

Innovation in the digital payments space will continue — Ecobank CEO

Speaking to what he sees as key driver in the economy especially in the financial sector in 2023 Managing Director of Ecobank said the year will be a very exciting for Nigeria.  He stated: “Specifically, innovation in the digital payments space will continue to be very visible.  “This will lead to growth in the volumes in […]

Investors lose N26bn on profit-taking activities

Investors lose N26bn on profit-taking activities

By Nkiruka Nnorom The equities market closed the first trading week of the year on a negative zone with investors recording N26 billion losses. The development is contrary to analysts’ prediction that the bullish trend the market took towards ended 2022 would be sustained in the new week. They had opined that positioning for the 2022 […]

Net Forex inflow falls 47% to $25bn

Net Forex inflow falls 47% to $25bn

By Babajide Komolafe, Economy Editor Net foreign exchange, forex, inflow to the economy fell 47 per cent, year-on-year, YoY, to $25.05 billion in 10 months to end of October last year. The decline was driven by a 27 per cent fall in forex inflow into the economy as well as a 1.4  per cent increase  in […]

Economy ’ll rebound with credible polls — Bank CEOs

Economy ’ll rebound with credible polls — Bank CEOs

By Emeka Anaeto, Business Editor and Babajide Komolafe, Economy Editor  Against the backdrop of weak economic growth, record low foreign exchange inflows and heightened pre-election country risk in 2022, Chief Executives of major banks in Nigeria have indicated that a turnaround in major macroeconomic indicators and market rebounds would depend on a positive outcome of the […]

Electricity: TCN boosts wheeling capacity to 8,100mw

Electricity: TCN boosts wheeling capacity to 8,100mw

The Transmission Company of Nigeria, TCN, said yesterday that the national grid wheeling capacity has risen to 8,100 Megawatts, with several other projects intended to expand it further nearing completion.

Requirements for returning a president

Requirements for returning a president

By NICK DAZANG  SINCE the advent of the Fourth Republic, Nigeria has witnessed five election cycles, to wit: 1999; 2003; 2007; 2011; and 2019. By the same token, we have seen a progressive improvement in the conduct of elections, thanks to the robust introduction of technology/innovations and vast improvements to the legal framework. The last […]