The Senate has approved the establishment of the Federal University of Transportation in President Muhammadu Buhari’s hometown, Daura, Katsina State. The approval came with the passage of a bill seeking its establishment. The passage of the bill followed the consideration of a report by the Committee on Tertiary Institutions and TETFUND. Chairman of the Committee,…
Several weeks after the Lagos state government suspended the operations of the National Union of Road Transport Workers (NURTW), the Government has appointed an ex-chairman of the Union, Musiliu Akinsanya popularly called MC Oluomo, as the chairman of its Parks Management Committee. The Lagos State Commissioner for Information and Strategy, Mr Gbenga Omotoso, who disclosed…
The Senate, on Wednesday, considered a bill to establish the National Religious Harmony Commission. The National Religious Harmony Commission (Establishment) Bill 2022, sponsored by Senator Sadiq Suleiman Umar (Kwara North), scaled second reading during plenary. Leading debate on the general principles of the bill, Umar the piece of legislation seeks to establish the NRHC to…
A notorious queen of drug cartel supplying psychoactive substances to traffickers in Taraba state, Lami Mai Rigima has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA months after being on their wanted list. Spokesman of the NDLEA, Femi Babafemi said in a statement on Wednesday that the 40-year-old queen of the…
The House of Representatives has mandated its Committees on Petroleum Resources (Downstream) and Gas Resources to investigate the outrageous rise in the prices of diesel and cooking gas in the country. The committees were given a time frame of six weeks by the House to conclude the assignment. The motion, which led to the resolution,…
The former Governor of Lagos and Leader of the All Progressive Congress (APC), Bola Ahmed Tinubu has donated the sum of N50 Million to the Kaduna State Government for the rehabilitation of the Victims of the Terrorists Attack on the Abuja-Kaduna Passenger Train. Tinubu, who was accompanied by former Governor of Borno State, Senator Kashim…
The Senate has extended the implementation year of the 2021 Appropriation Act from 31st March to 31st May, 2022. The extension was approved following the consideration of a bill to amend the 2021 Appropriation Act. The Senate before considering the bill suspended Rule 78(1) of the Senate Standing Orders 2022 (as amended), to enable the…
Transcorp Hotels Plc paid a total dividend of N717 million to its shareholders at its 8th Annual General Meeting held at Transcorp Hilton Abuja on Monday. The Chairman of the Board of Directors, Mr. Emmanuel Nnorom stated that the Company closed the 2021 financial year strongly, with an impressive gross revenue of N22bn, surpassing its…
The Federal Government has described the 650,000 barrels-per-day Dangote Petroleum Refinery as a game-changer that is capable of driving refining revolution in Africa. Minister of Information and Culture, Alhaji Lai Mohammed, who made this declaration during a media tour of the $19 billion Dangote Petroleum Refinery and Petrochemicals Plant at Ibeju-Lekki, Lagos, said the project…
Leading financial institution, Fidelity Bank Plc has recorded 35.7% growth in Profit Before Tax for its 2021 financial year to close the year at N38.1bn according to the bank’s recently issued financial result. Analysis of the results indicates that the bank grew Gross Earnings by 21.6% YoY (23.2% QoQ) to N250.8bn driven by a combination…