The Federal Accounts Allocation Committee [FAAC] has disclosed that the Nigerian National Petroleum Company Limited [NNPCL] owed the Federal Government a staggering N6.57tn as of May 2025. FAAC said the bulk of the debt, about N3.89tn, comprised unpaid royalties due to the Nigerian Upstream Petroleum Regulatory Commission [NUPRC]. According to …
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FORMER Abia State Governor and Senator representing Abia North, Dr. Orji Uzor Kalu, has mourned the renowned businessman and elder statesman, Alhaji Aminu Alhassan Dantata, who died at the age of 94. In a statement on Saturday, Senator Kalu described the late Dantata as a towering figure in Nigeria’s business …
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PRESIDENT of the Senate, Senator Godswill Akpabio has expressed sadness over the death of a renowned philanthropist, Alhaji Aminu Dantata. In a condolence message signed by his Special Adviser on Media and Publicity, Hon. Eseme Eyiboh, the Senate President described the late billionaire as a man with a good heart. …
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The Lagos Branch Chairperson, Association of Professional Women Engineers of Nigeria (APWEN), Dr Atinuke Owolabi, has been confirmed as a member, Board of the North Central Development Commission (NCDC). She is an engineer, philanthropist, educationist and politician and was on Thursday confirmed by the Senate as the NCDC member representing …
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THE Group Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has called for the listing of Dangote Petroleum Refinery and Dangote Fertiliser on the NGX. The NGX chairman also commended the President/Chief Executive Officer of Dangote Group, Aliko Dangote, for his substantial contributions to the Nigerian capital market and private …
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The Nigerian Senate on Thursday confirmed Senator Olubunmi Adetunmbi from Ekiti State as Chairman of the South-West Development Commission (SWDC). Charles Akinola was also confirmed as the Managing Director, alongside 16 other nominees who will serve as board members of the commission. This confirmation came after the Senate received and …
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The Economic and Financial Crimes Commission (EFCC), on Thursday, June 26, 2025, presented its 10th and 11th witnesses in continuation of the trial of a former Minister of Aviation, Hadi Abubakar Sirika, and his daughter, Fatima Hadi Sirika, for alleged misappropriation of public funds to the tune of N2 billion. …
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The operatives of the Financial Crimes Commission (EFCC) have arrested 34 suspected internet fraudsters in Ekiti State. The EFCC disclosed this via a statement issued on Thursday, June 26, 2025. The anti-graft agency said the suspected internet fraudsters were arrested in the early hours of Monday, June 23, at Iworoko …
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The Lagos State Government has spoken about the demolition of a property belonging to the brother of the Labour Party (LP) presidential candidate in the 2023 election, Peter Obi. Obi had alleged that a property belonging to his younger brother was demolished in the Ikeja area of Lagos State without …
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The Senate on Thursday confirmed Thompson Oludare Sunday as the Managing Director of the Nigeria Deposit Insurance Corporation (NDIC). Also confirmed was Kabir Sabo Kataka as Executive Director of the corporation. The confirmation followed the presentation and consideration of the report by the Senate Committee on Banking, Insurance, and Other …
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