NewsReports

This months-long investigation reveals the full cast of characters to which the Central Bank of Nigeria and AMCON sold Polaris Bank. A cast of venture capitalists, a banker, and a real estate entrepreneur are the controllers of Strategic Capital Investment Limited (SCIL), the consortium to which the Central Bank of Nigeria sold Polaris Bank, PREMIUM TIMES can authoritatively report. Our …

President Bola Tinubu yesterday opposed the tendering in evidence, of information that were extracted from the Bimodal Voter Accreditation System, BVAS, machines that were used for the conduct of the 2023 presidential election. Tinubu, through his team of lawyers led by Wole Olanipekun, SAN, challenged the admissibility of certified copies of printouts from the BVAS, which were brought before the …

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major players in the oil sector would force down the price of petrol as against the upward trends that have …

The Central Bank of Nigeria, CBN said it has not devalued the naira urging the public to dismiss any contrary report. Acting Director, Corporate Communication, Dr. Isa AbdulMumin stated this in a statement titled, “CBN Has Not Devalued the Naira”. He said: “The attention of the Central Bank of Nigeria (CBN) has been drawn to a news report… titled “CBN …

All kinds of transport levies payable to Abia State government, which are imposed on tricycles (Keke), buses, taxis and other commercial vehicles in the state were, yesterday, suspended with immediate effect by Governor Alex Otti. Special Adviser to the Governor on Media and Publicity, Ferdinand Ekeoma, who disclosed this in a statement, stated that the suspension is in line with …

Former vice president, Atiku Abubakar and his Peoples Democratic Party(PDP) on Tuesday tendered before the Presidential Election Petition Court (PEPC) copies of results sheets, printouts of the Bimodal Voter Accreditation System (BVAS) and record of the number of Permanent Voter Cards (PVC) collected for the last presidential election across the 36 States and the Federal Capital Territory (FCT) to open …

NNPC fuel station along Social Club Road shut, following sudden scarcity of petrol across Lagos state. Photo: Akeem Salau …marketers sell at N540/l in FCT, Nassarawa. NNPC Limited, has confirmed the full deregulation of the downstream sector of the Nigerian Petroleum Industry with petrol now selling at market price following the removal of subsidy by President Bola Tinubu. NNPC, in …

I am leaving PDP because of irreconcilable differences, squabbles within the PDP at the national level and  Edo State, Urhoghide *This is to enable me to settle down and look forward to other areas of human and professional endeavours, Akinyelure Chairman, Senate Committee on Public Accounts, Senator Matthew Urhoghide, PDP, Edo South has dumped the Peoples Democratic Party, PDP with …

The Nigeria Labour Congress (NLC) is scheduled to have a crucial discussion with the federal government today at 2 pm as regards the proposed fuel subsidy removal. NLC National President Joe Ajaero made this disclosure while he was a guest on the Sunrise Daily programme on Channels Television Wednesday. Ajaero stressed that the labour union has consistently maintained its stance …

Mr Obi also called his first witness against Mr Tinubu at the presidential election court on Tuesday. The Presidential Election Petition Court in Abuja on Tuesday admitted documents in evidence accusing President Bola Tinubu of drug offences in the United States. The court accepted the documents as exhibits in the case filed by the presidential candidate of the Labour Party, Peter …