Judge returns Air Peace file for re-assignment

Justice Chuka Obiozor, the trial judge in the over N2bn fundamental rights suit against Air Peace and four others, has returned the case file to the administrative Chief Judge of…

Ex-PDP govs committed to rebuilding party, says Saraki

THE Chairman of the National Reconciliation and Strategy Committee of the Peoples Democratic Party, Dr. Bukola Saraki, has said the meeting held with former Governors and Deputy Governors elected on…

STOP HOARDING PETROL OR FACE SANCTIONS, DPR WARNS DEPOTS

The Department of Petroleum Resources has warned fuel depot owners against hoarding petroleum products in their facilities, saying it would sanction erring operators. The Director, DPR, Sarki Auwalu, issued the…

Experts blame insecurity as inflation hits record 16.47%

Despite the opening of the country’s borders, the composite food index rose by 20.57 per cent in January 2021 from 19.56 per cent in December 2020. This accounted for the…

CBN’s fight against inflation failing, say economic experts

Economic analysts on Tuesday said the continued rise in the rate of inflation across the country showed that the fight against inflation by the Central Bank of Nigeria was failing.…

FG subsidises electricity by N50bn monthly, says minister

The Federal Government has been subsidising electricity supply across the country to the tune of over N50bn monthly, the Minister of Power, Sale Mamman, has said. He said the subsidy…

Marketers raise petrol price to N170, depots suffer shortage

Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations in Lagos and Ogun states…

Lekki estate residents list conditions for tollgate reopening

Residents of the estates around Lekki, under the aegis of Lekki Estates Residents and Stakeholders Association, have given the Lagos State Government and Lekki Concession Company, managers of the Lekki/Epe…

Reps condemn $750m annual loss to gas flaring

The House of Representatives says Nigeria is losing about $750m to gas flaring annually. It added that the flared gas could have been used to generate electricity for the country.…

Uncompleted projects: Senate chides DPR for paying N1.8bn

The Senate Committee on Ethics, Privileges and Public Petitions has faulted the alleged payment of N1.8bn by the Department of Petroleum Resources, to a private firm, Riverman Technologies Limited, for…