Following the first sitting of the pro-Wike House in months on Monday, the crisis in the Rivers State House of Assembly shows no signs of abating. A parallel session was also held by the faction led by Victor Oko-Jumbo. Governor Fubara had earlier presented the budget to the pro-Wike House when his current Chief of…
George, a guest on Monday’s edition of Channels Television’s Politics Today, has strongly advocated for the introduction of state police to address the rising insurgency in Nigeria. “The constitutional conference committee under former President Jonathan stated that the need to have state police cannot be futuristic; it is so urgent,” George emphasized. He elaborated on…
In a recent legal development, Agbele and three companies linked to him and former governor Fayose Sylvan Mcnamara Limited, De Privateer Limited, and Spotless Investment Limited are listed as respondents in an appeal concerning a ₦1.2 billion transaction. This amount is allegedly part of ₦4.7 billion transferred from an account associated with the Office of…
A recent report from the Office of the Accountant General of the Federation (OAGF) detailed the capital expenditure performance for Ministries, Departments, and Agencies (MDAs) as of the third quarter of 2023. It highlighted the allocation and utilization of funds for capital projects and programs, amounting to a total of ₦1.23 trillion released and cash-backed…
The Copernicus Climate Change Service (C3S) has reported that each month since June 2023 has set new temperature records, resulting in a 13-month streak of unprecedented global heat. According to Carlo Buontempo, the director of C3S, this trend signifies a significant and ongoing shift in the climate. He emphasized that as long as humanity continues…
In a recent court session, Justice Akintayo Aluko addressed a significant development in the case between United Bank of Africa (UBA) and Stallion Nigeria Limited. UBA, represented by Mr. Temilolu Adamolekun, is seeking to recover an alleged sum of ₦156bn from Stallion Nigeria Limited and its subsidiaries. The bank has appointed a Receiver over some…
MTN Nigeria Communications Plc has reported a significant contribution of ₦549.3 billion in taxes and levies to the Nigerian government for the year 2023. This information was disclosed in the company’s 2023 Sustainability Report, filed with the Nigeria Exchange Limited. The report highlights MTN Nigeria’s achievements in expanding connectivity and enhancing its nationwide coverage. The…
OPay, a leading financial technology company in Nigeria, has reassured its customers that their deposits are now insured up to ₦5 million, in line with the industry standard set by the Nigeria Deposit Insurance Corporation (NDIC). This update emphasizes OPay’s commitment to financial security and aligns its deposit protection standards with those of other commercial…
By Ayomide Otitoju Chief Davidson Alaribe, the 60th President of the Institute of Chartered Accountants of Nigeria (ICAN), has urged accountants to uphold the profession’s principles while instilling innovation and integrity to help them navigate difficult times. Alaribe made this statement during the investiture of Mr. Olugbenga Daniel Sholarin, FCA, as the 7th Chairman of…
