Nigeria’s oldest banking institution is taking a new identity in the form of name change after shareholders gave their nod to the proposal to replace the name it has been known by in 12 years with “First Holdco.” The financial services group, whose centenarian flagship subsidiary First Bank pioneered commercial Continue Reading
COS orders investigation into the military assault in Abuja
A viral video obtained by SaharaReporters captured the senior military officer and his aide physically attacking the couple. The Nigerian Army has confirmed an incident involving Major General G.S. Mohammed and his aide, Corporal A. Abubakar, who were captured on video assaulting a couple, Mr Vershima Mker and Ms Lami Continue Reading
Edo politics of eat corn today, corn-flict tomorrow|Magnus Onyibe
Godwin Obaseki, governor of Edo State. The strained relationships between former governors and the successors they handpick have become legendary in Nigeria. Although it’s common for godfathers and godsons to turn against each other after a period of initial cooperation, it is curious that the tendency to impose chosen successors Continue Reading
Provide evidence, APC Govs slam PDP counterparts over crude earnings
The Governor of Bauchi State, Bala Mohammed, has revealed that state governments have yet to benefit from the improved revenue generated by the oil sector, as the remittances are not being properly credited to the Federation Account. The governor, who also serves as the Chairman of the People Democratic Party Continue Reading
ICPC to tracks N610bn worth of projects in Oyo ,21 other States
The Independent Corrupt Practice and Other Related Offences Commission (ICPC) has launched phase 7 of its Constituency and Executive Project Tracking Exercise, focusing on the proper use of government funds allocated to key sectors such as education, health, agriculture, water resources, and power. Starting on November 18, 2024, the initiative Continue Reading
2027: Damagum,Wike trade PDP for Tinubu in London, Damagum’s leadership is catastrophe- PDP reveals
The Peoples Democratic Party (PDP), once a dominant political force in Africa, is on the brink of collapse, not due to external forces, but because of an insidious collaboration among its Acting National Chairman, Ambassador Umar Ilyasu Damagum, President Bola Ahmed Tinubu, and Minister of the Federal Capital Territory, Nyesom Continue Reading
DSS releases Ladi Adebutu after hours of detention
The Department of State Services (DSS) has released Hon. Ladi Adebutu, Ogun People Democratic Party , after detaining him for several hours at their facility in Abeokuta. OGUNUPDATE learnt that Adebutu was arrested in respect of last Saturday’s local government election in Ogun State. He was accused of bringing 40 Continue Reading
Oyetola-led Blue Economy Ministry Spends Over N600Million On Estacodes, Air Tickets, Refreshments In 4 Months, Monies Paid Into Private Accounts
Led by Gboyega Oyetola, the ministry paid out hundreds of millions of naira into private accounts for various expenses, including air tickets, hall rentals, refreshments, and honorariums, between July 26, 2024, and October 23, 2024. Arecent review of the public payment portal, Govspend, has raised concerns about the Ministry of Continue Reading
Nigeria’s 2025 budget: A botched, bungled exercise?|Marcel Okeke
Section 18 of Nigeria’s Fiscal Responsibility Act (FRA) 2007 states that the “President shall submit the Appropriation Bill to the National Assembly not later than September 30th of each year.” And Section 19 of the Act says “the National Assembly shall consider and pass the Bill within 90 days of Continue Reading
Nigeria’s NNPC Continues Importing Petrol, Diesel Amid Dangote Refinery Surplus To Maintain ‘$200Million Per Month Racket
The Nigerian National Petroleum Company Limited (NNPCL) is still importing premium motor spirit (PMS), also known as petrol and Automotive Gas Oil (AGO), also known as diesel, despite Dangote Refinery having sufficient supply. Interestingly, the Crude Oil Refiners Association of Nigeria has opposed petroleum marketers’ plans to import PMS, citing Continue Reading