News

1.54m bopd production figure (quoted by THISDAY for October) is for September, not October,’ What NUPRC boss told highest body of petroleum explorationists and stakeholders in Lagos. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) confirmed the 1.8 million barrels of per day (bopd) production figures earlier released by the Nigerian National Petroleum Company Limited (NNPC Limited) at the conference organised ...

Allen Onyema, chairman of Air Peace, has been charged ‘in a superseding indictment with obstruction of justice for submitting false documents to the government in an effort to end an investigation that resulted in earlier charges of bank fraud and money laundering.’ This was contained in a statement released on Saturday by the Justice Department. Ejiroghene Eghagha, the airline’s Chief of Administration and ...

Zenith Bank, one of Nigeria’s foremost financial institutions, has successfully restored full operational services across its electronic transaction channels, ensuring that customers can now enjoy seamless access to digital banking services. This restoration follows temporary disruptions caused by a routine upgrade of the bank’s technology infrastructure, which aimed to optimize service delivery but impacted e-channel services recently. In a post ...

In an exclusive interview with Arise TV on the sidelines of the 79th United Nations General Assembly in New York, the CEO of FirstBank, the premier West African financial institution and financial inclusion service provider, Olusegun Alebiosu highlighted poverty eradication as a pressing concern that should keep international leaders up at night.  Alongside poverty, climate change and gender inequality are ...

The House of Representatives has been urged to probe into corruption and money laundering allegations against Guaranty Trust Holding Company Plc, GTCO and its Group Chief Executive Officer, Mr. Segun Agbaje. GTCO is the holding company of Guaranty Trust Bank. The President of Arewa Consultative Youth Movement, Alhaji Yusuf Kabiru had submitted a petition to the lawmakers seeking investigation of Agbaje ...

The Independent National Electoral Commission, INEC, has declared the candidate of the All Progressives Congress, APC, Senator Monday Okpebholo, winner of the Edo governorship election. The Returning Officer for the election and Vice Chancellor of the Federal University of Technology, Minna, in Niger State, announced that Okpebholo secured 291,667 votes to defeat Asue Ighodalo of the Peoples Democratic Party (PDP) ...

The Nigerian Communications Commission, NCC, has directed telecommunications operators to immediately restore all phone lines blocked due to non-linkage of National Identification Numbers to SIM cards. This disclosure was made in a statement on Monday by the Director of Media and Public Affairs, Reuben Muoka. Details later…

There is a subtle plot by some individuals, acting in cahoots with some members of the House of Representatives, to discredit heads of regulatory agencies in the energy sector. This newspaper reports that the motive of the scheme is to put the heads of the agencies under intense pressure, distract them from performing their duties and thus set set the ...

The Senate on Tuesday speedily passed the National Minimum Wage Act 2019 (Amendment Bill). The bill, which scaled second and third readings, just minutes after it was transmitted by President Bola Tinubu, was instantly passed by the upper chamber. In a unanimous vote after a clause consideration in the Committee of the Whole, the National Minimum Wage Bill scaled third ...

United States President, Joe Biden, says he is stepping down as a candidate in the 2024 election. Biden made the declaration on Sunday in a statment on X. He added that he would speak to the nation “later this week” about his decision. Dozens of congressional Democrats have publicly urged the 81-year-old to step aside after his shaky debate performance ...