Anambra State Governor, Prof. Charles Soludo has expressed his commitment to collaborating with investors to foster infrastructural and economic growth and drive sustainable development in the state. Welcoming a high-profile delegation from the Shanghai Jianhang Investment Company Limited to the state, Soludo said: ‘We are delighted to host Chairman Peng Yizhong and his team as they explore the immense potential Anambra …

Alaka Estate allottees on Wednesday urged the Managing Director of the Lagos Building Investment Company PLC (LBIC), Mr. Olusola Faleye and the company’s contractor to cease any construction on the demolished portion of the allotted land of Blocks 130 and 131. ‘It is disheartening to find that, against all forms of protocol, civility and respect to the fundamental rights to …

The Federal Government has taken legal action against Binance Holdings Limited, a global cryptocurrency exchange, seeking $79.51 billion and N231 million in compensation for alleged economic losses caused by its operations in the country. The Federal Inland Revenue Service (FIRS) filed the lawsuit at the Federal High Court in Abuja, accusing Binance and two of its executives, Tigran Gambaryan and …

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has said that agencies in the Marine and Blue Economy increased revenue generated to the coffers of the federal government by 77%. He disclosed this in an interactive session with the Nigerian Guild of Editors (NGE) in Lagos. According to him, the Presidential Enabling Business Environment Council (PEBEC) during the 120 …

The Federal Government on Wednesday disclosed that Nigeria’s petrol consumption has dropped to 50 million litres per day with local refineries supplying half of the daily requirements. The government said the other half is being sourced through importation. It clarified that none of the companies involved in domestic refining was involved in the importation. Speaking to journalists after a stakeholders …

The Naira yesterday appreciated to N1,550 per dollar in the parallel market from N1,565 per dollar on Tuesday. Similarly, the Naira appreciated N1,509.53 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by FMDQ showed that the indicative exchange rate for the Naira fell to N1,509.53 per dollar from N1,510.33 per dollar on Tuesday, indicating a 80 kobo …

The Federal Government’s ban on 60,000-litre fuel tankers will take effect on 1 March, marking a significant step towards improving road safety and curbing the frequent accidents involving these large vehicles. The decision, announced by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), follows a series of tragic incidents, including a devastating explosion at Dikko junction in Gurara LG …

The Federal Government has explained the delay in the direct disbursement of funds to the 774 Local Government Areas despite the Supreme Court’s ruling granting them financial autonomy. According to the government, the delay is due to the ongoing process of profiling individuals who will serve as signatories to the LGAs’ accounts. The Attorney General of the Federation and Minister …

The House of Representatives Public Accounts Committee, on Tuesday, initiated an investigation into the outstanding debts owed to the Federation Account by the Nigerian National Petroleum Company Limited (NNPCL) and oil companies. The investigative hearing, chaired by the sub-committee chairman, Akinlade Isiaq, followed queries issued by the Office of the Auditor-General for the Federation regarding NNPCL’s financial obligations. The report …

Fidelity Bank Plc, a leading financial institution, has once again demonstrated its unwavering commitment to enhancing its host communities’ lifestyles. Through its dedicated education Corporate Social Responsibility (CSR) pillar, the bank recently undertook significant projects aimed at promoting quality education delivery across the country. In Benin-City, Edo State, Fidelity Bank recently renovated the library at Emotan College, Wire Road. This …