In a significant development for consumer protection in Nigeria, the Federal Competition and Consumer Protection Commission (FCCPC) and the Economic and Financial Crimes Commission (EFCC) have announced a strengthened partnership aimed at enhancing market transparency and consumer rights. The New Alliance The collaboration between the FCCPC and EFCC marks a strategic move to combat unfair […]
Category archives: News
Bank Recapitalisation: Unveiling Opportunities for Investors in a Volatile Economy
In a recent webinar hosted by Coronation Securities Limited, experts discussed the significance of bank recapitalisation and its potential to transform Nigeria’s banking sector amid economic fluctuations. The panel included prominent figures such as Okey Umeano (Chief Economist, Securities and Exchange Commission), Bolanle Adekoya (Partner, PwC), and Ayokunle Olubunmi (Financial Institutions Ratings, Agusto & Co.). […]
Destiny Etiko Denies Allegations of Luxury Car Gift from Omotola’s Husband
Nollywood actress Destiny Etiko has refuted claims that Matthew Ekeinde, husband of renowned actress Omotola Jalade, gifted her a luxury car. The rumors, which surfaced on TikTok, suggested that Etiko had an affair with Ekeinde, who supposedly gave her the car for her birthday last week. In a video posted on her Instagram, Etiko addressed […]
Utomi Challenges Amosun’s ‘Blacklist’ Claim, Criticizes Presidential Jet Fleet
Renowned political economist Pat Utomi has responded to former Ogun State Governor Ibikunle Amosun’s allegation that he was blacklisted by the Ogun State House of Assembly before taking office. Utomi, in an interview with Channels Television, denied any business dealings with the Ogun State government that could justify such a blacklist. The controversy began when […]
Tinubu Approves NNPC’s Use of 2023 Dividends for Petrol Subsidy Amid Rising Costs
President Bola Tinubu has granted approval for the Nigerian National Petroleum Company Limited (NNPCL) to utilize its 2023 dividends to cover the expenses of petrol subsidies. These dividends, originally earmarked for distribution among the three tiers of government via the federation account, will now be redirected to address the financial strain of the subsidy. This […]
Ex-Senator Elisha Abbo Reveals Senators’ Earnings, Highlights Governors’ Higher Pay
Former Nigerian senator Ishaku Elisha Abbo has confirmed the substantial earnings of members of the Nigerian Senate, sparking further debate on the cost of governance in the country. In a recent interview with Arise TV, Abbo, who represented Adamawa North Senatorial District, disclosed that while serving as a senator, he earned ₦14.4 million monthly. However, […]
Supreme Court Rejects Ajaka’s Appeal in Kogi Governorship Election Dispute
The Supreme Court has dismissed the application filed by Yakubu Muritala Ajaka, the Social Democratic Party (SDP) candidate, regarding the recent Kogi State gubernatorial election. Ajaka had petitioned the court under appeal SC/CV/654/2024, requesting that the Supreme Court delay its decision until a full panel could hear a specific issue raised in his appeal. He […]
Dagogo Alleges Massive Mismanagement of ₦600 Billion by Niger Delta Governors
Former federal legislator Farah Dagogo has accused governors in the Niger Delta of grossly mismanaging the 13% derivation funds, which are designated for the benefit of oil-producing communities. In a statement released in Port Harcourt on Monday, Dagogo, who previously represented the Bonny-Degema Federal Constituency in the House of Representatives, expressed serious concerns over the […]
Oil Marketers Blame Ongoing Fuel Scarcity on Logistical Issues
Nigerians may need to brace for continued fuel shortages as oil marketers have identified persistent logistical challenges as the primary cause of the ongoing scarcity of Premium Motor Spirit (PMS) across the country. During an appearance on Channels Television’s Morning Brief on Monday, the President of the Petroleum Products Retail Outlets Owners Association (PETROAN), Billy […]
Police withhold Updates on 20 Abducted Student Doctors for Security Reasons
The Nigeria Police Force has stated that they will not provide online updates regarding the ongoing efforts to rescue 20 abducted student doctors, citing security concerns. The victims, including 19 medical students and one doctor, were kidnapped along the Oturkpo area of Benue State last Thursday while traveling to Enugu for a medical conference. Olumuwiya […]