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UN, AU Launch Podcast on Africa’s Challenges

The United Nations Foundations, The Elders, and The African Union Youth Envoy have launched a new podcast series, The Future of Africa, to give young leaders across the continent a platform to discuss global challenges and opportunities. A statement from the organisers said the limited-episode series, which began on August 12, will address issues such...
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NIMASA Board Promotes 9 Directors, 234 Staff

The Governing Board of the Nigerian Maritime Administration and Safety Agency has approved the promotion of nine Deputy Directors to Directors and other employees. This is even as the Board approved the promotion of 30 Assistant Directors to Deputy Directors, 35 Chiefs to Assistant Directors, and ratified the promotion of 169 other staff members from...
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LASAA Pledges Fair Regulation, Industry Growth Support

The Lagos State Signage and Advertisement Agency has reaffirmed its commitment to fairness, professionalism and industry growth in the outdoor advertising sector, amid concerns of arbitrary regulation. The Managing Director of LASAA, Fatiu Akiolu, said the agency would not return to the era of heavy-handed enforcement, noting that its focus remained on dialogue, safety and...
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BudgIT Slams Ministry Over Delayed Budget Report

Civic-tech organisation BudgIT has tackled the Federal Ministry of Finance over the non-publishing of the Quarterly Budget Implementation Reports through the Budget Office. In a statement signed by its Senior Communication Associate, Nancy Odimegwu, on Thursday, BudgIT said the action was a clear violation of the Fiscal Responsibility Act, 2007. According to Part V of...
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Nigeria to Offset ₦2.7tn Gas Debt with Royalties

The Federal Government is planning to clear the N2.7tn owed to gas companies with royalties. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, disclosed this Thursday during a Zoom meeting organised by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in commemoration of Ekpo’s second year in office. Royalties...
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FDI in Nigeria Plummets Despite Economic Growth

The Lagos Chamber of Commerce and Industry has expressed concern over the continued decline in foreign direct investment inflows and investors’ cautiousness about committing long-term capital to Nigeria’s real sector despite recent macroeconomic improvements. Director-General of the Chamber, Dr. Chinyere Almona, in a statement on Thursday, said the latest data from the National Bureau of...
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Dangote Refinery Hits 610,000bpd, Nears Full Capacity

The Dangote Petroleum Refinery is operating more reliably and efficiently than ever before, with output surging to around 610,000 barrels per day this month, edging closer to its official nameplate capacity of 650,000bpd, global energy and commodity agency Argus has revealed. Speaking on a podcast titled “Can the Dangote Refinery Declare Victory Over Doubters?”, obtained...
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Nigerian Stock Market Dips to N88.8tn on Sell-Offs

The equities market of the Nigerian Exchange Limited closed on a negative note on Wednesday as sustained sell-offs in bellwether stocks wiped off N781bn from investors’ wealth. At the end of the trading session, the market capitalisation dropped to N88.8tn from the previous day’s N89.6tn, reflecting heightened bearish sentiment across key sectors. Similarly, the benchmark...
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I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...