Local news – Page 422

IMPI Attributes 14% Year-End Inflation Forecast To Analysis Of Tinubu’s Reforms

19.12.2025

The Independent Media and Policy Initiative (IMPI) has attributed its successful projection of a 14 per cent inflation rate by the end of the year to what it described as a painstaking and data-driven analysis of President Bola Tinubu’s economic reforms. In a statement signed by its Chairman, Dr Omoniyi Akinsiju, the think tank said...

Christmas: PINL Commences N’Delta Medical Outreach, Sharing Of Palliatives

19.12.2025

In order to be physically fit and mentally stable to celebrate Christmas, Dr Akpos Mezeh, the General Manager, Community Relations and Stakeholders Engagement of Pipeline Infrastructure Nigeria Limited (PINL), has kick-started a free medical outreach and sharing of Christmas Palliatives across the Niger Delta Region. This is no fewer than 800 persons from 60 communities...

Dangote Refinery’s PMS Supply’ll Reduce Petrol Price, Says IPMAN

19.12.2025

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on all its members nationwide to patronise the Dangote Refinery in their purchase of PMS products, noting that the refinery already offers the best affordable price for all marketers, even as free delivery commences in January 2026. The association also expressed delight over a recent...

PenCom Unveils Pencare Pilot For Low-income Retirees March 2026

19.12.2025

…PFAs to cut investment in FG securities The National Pension Commission (PenCom) will commence the pilot phase of the Pension Industry Healthcare Initiative (PenCare) in March 2026, targeting no fewer than 30,000 low-income retirees across the country. The News Agency of Nigeria (NAN) reports that the initiative covers retirees under the Contributory Pension Scheme (CPS),...

TikTok Reaches US Joint Venture Agreement To Head Off Ban

19.12.2025

Popular social media platform TikTok has announced that it has finalised a joint venture arrangement with a group of investors, a move aimed at securing the platform’s continued operation in the United States(US) amid long-standing concerns over its Chinese ownership. In an internal message circulated to employees, TikTok’s Chief Executive Officer, Shou Chew, disclosed that...

Salawa Abeni, Shaggy, Others Thrill At Ofada Day Celebration

19.12.2025

Popular Nigerian Fuji icon, Abeni Salawa, and ace comedian Broda Shaggy were among the star attractions that kept the crowd entertained at the seventh edition of Ofada Rice Day. Tagged “Eko Dun Joor,” this year’s event was headlined by legendary performers and popular acts who brought energy and excitement to the stage. The event delivered...

Ministry of Education Approves New ND Programmes for PEFTI

19.12.2025

The Federal Ministry of Education, through the National Board for Technical Education (NBTE), has approved a major academic upgrade for the PEFTI Film Institute, expanding its offerings with five new National Diploma (ND) programmes. The development followed PEFTI’s recent recognition as the Best Innovation Enterprise Institution in Nigeria at the National Tertiary Admissions Performance–Merit Awards...

Otedola Increases First HoldCo Stake In N15bn Share Acquisition

19.12.2025

First HoldCo Plc has disclosed fresh insider share transactions on the Nigerian Exchange Limited (NGX), led by a significant acquisition linked to major shareholder Mr Olufemi Otedola. According to regulatory filings on the NGX platform, Calvados Global Services Limited, a company associated with Mr Otedola, acquired a total of 369.99 million ordinary shares of First...

Audit Service Bill 2023: AdvoKC Foundation Laments Senate’s Inaction

19.12.2025

AdvoKC Foundation has expressed concern over the continued inaction of the Senate on the Audit Service Bill 2023. It stated that the Senate’s continued disregard for the passage of the Bill is a threat to the country’s accountability and financial integrity, as the Bill is a pivotal legislation that holds the key to strengthening transparency,...

Reps Okay MTEF/FSP, Peg Crude Oil Benchmark At $64.85, Exchange Rate N1,512

19.12.2025

…say DisCos shortchanging Nigerians Ahead of the presentation of the N54.46 trillion 2026 appropriation bill before a joint session of the National Assembly today by President Bola Tinubu, the House of Representatives has approved the 2026-2028 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The approval followed the presentation of the report of...