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$1 trn economy is necessity for prosperity, resilience of Nigeria — SEC DG

$1 trn economy is necessity for prosperity, resilience of Nigeria — SEC DG

By Peter Egwuatu   The Securities and Exchange Commission, SEC has said that the $1 trillion economy is a necessity that must be pursued to achieve prosperity for Nigerians. Director General of the Commission, Dr.   Emomotimi Agama stated this yesterday   at the Journalists Academy for the capital market correspondents in Lagos. He said: “Achieving a $1 trillion […]

Nigeria to generate $320m from innovative carbon credit initiative 

Nigeria to generate $320m from innovative carbon credit initiative 

By Providence Ayanfeoluwa   The Executive Director, Operations and Technical,Tantita Security Service Ltd, Capt. Warredi Enisuoh, has said that through innovative carbon credit initiatives, Niger Delta region could generate $320 million annually by harnessing its vegetation and untapped environmental potential.   He said this during his investiture as  Honourary Doctorate recipient and Lifetime Achievement/Sustainable Development Awardee from […]

FG’s electricity subsidies rise 2.76% to N199.64bn in Dec — NERC

FG’s electricity subsidies rise 2.76% to N199.64bn in Dec — NERC

•Abuja Disco leads beneficiaries with N29bn By Obas Esiedesa, Abuja The Nigerian Electricity Regulatory Commission, NERC, has disclosed that electricity subsidies payable by the Federal Government for the month of December has increased by 2.76 percent to N199.64 billion from N194.26 billion incurred in November. The Commission in its December 2024 Multi-Year Tariff Order, MYTO, posted […]

Foreign portfolio investment in stock market rises 180.9%

Foreign portfolio investment in stock market rises 180.9%

By Peter Egwuatu Foreign Portfolio Investments, FPIs, inflows through the Nigerian stock market grew by 180.95%  in the first ten months of this year (January-October) to N344.30 billion from N122.55 billion in the corresponding period of 2023. Investment analysts have attributed the development to the monetary policy regime of the Central Bank of Nigeria, CBN, which […]

Brake failure: Again, truck crushes pedestrian to death in Lagos

Brake failure: Again, truck crushes pedestrian to death in Lagos

By Olasunkanmi Akoni Pandemonium broke out, yesterday when a truck crushed a yet-to-be-identified pedestrian to death, at the Iyana-Isashi U-turn, inward Mile 2 area of Lagos State. This is coming less than 24 hours, when a similar incident occurred with a pedestrian crushed to death and five others rushed to hospital for treatment in the […]

NCC urges lawyers to combat piracy and strengthen ip rights enforcement

NCC urges lawyers to combat piracy and strengthen ip rights enforcement

By Laolu Elijah, Ibadan The Director-General of the Nigerian Copyright Commission (NCC), Dr. John Asein, has urged legal practitioners specializing in Intellectual Property (IP) law to assist the commission in combating piracy. Speaking at the ongoing 2024 Nigerian Bar Association (NBA) Ibadan branch Law Week and 70th Anniversary celebration, Asein addressed the topic “Intellectual Rights […]

ICPC blocks N5.9bn fraud, recovers N29.7bn in one year

ICPC blocks N5.9bn fraud, recovers N29.7bn in one year

By Luminous Jannamike ABUJA—The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has intercepted the diversion of N5.882 billion, while conducting a Systems Study and Review, SSR, of 323 Ministries, Departments, and Agencies, MDAs. The effort, part of its Ethics and Integrity Compliance Scorecard, EICS, initiative, also saw the establishment of 80 Anti-Corruption and […]

3 to die by hanging for killing Delta monarch

3 to die by hanging for killing Delta monarch

By Ochuko Akuopha ASABA—A Delta State High Court, sitting in Ibusa, Oshimili, has sentenced to death, three persons for killing a traditional ruler of Ubulu-Uku, Obi Edward Ofulue III. The convicts were said to have conspired with one another to kidnap, rob and murder the monarch on January 6, 2016. Those sentenced to death were […]

53rd convocation: UNN graduates 11,143 students

53rd convocation: UNN graduates 11,143 students

The University of Nigeria Nsukka, UNN on Tuesday announced that eleven thousand one hundred and forty three, (11,143) students will  receive different degrees and Diploma from the institution on Friday, December 20, 2024

Group calls for release of Bello Badejo

Group calls for release of Bello Badejo

The Patriotic Youth for Better Nigeria (PAYOBEN) has called for the immediate and unconditional release of Bello Badejo, condemning his continued detention by the military as unlawful and a violation of constitutional rights. 

Man, 54, docked for allegedly killing his wife in Ebonyi

Man, 54, docked for allegedly killing his wife in Ebonyi

A 54-year-old man, Eseni Chima was, yesterday, docked before an Abakaliki Magistrate’s Court for allegedly killing his wife, Ugochukwu Chima. Chima is facing a count charge bothering on murder. The Magistrate, Chinedu Agama did not take the plea of Chima for want of jurisdiction. The magistrate directed the police to send the case file to […]

Olaleye’s rape conviction: CSOs urge Lagos AG to appeal court’s decision

Olaleye’s rape conviction: CSOs urge Lagos AG to appeal court’s decision

By Esther Onyegbula Civil Society Organisations, CSOs, have called on the Attorney-General of Lagos State, Mr. Lawal Pedro, to appeal a recent Court of Appeal ruling that nullified the rape conviction of Dr. Femi Olaleye, a prominent medical practitioner and Managing Director of Optimal Cancer Care Foundation. The CSOs submitted a petition urging the Lagos […]