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  • Fubara Denies APC Exit Rumours, Reaffirms Loyalty To Ruling Party

    Fubara Denies APC Exit Rumours, Reaffirms Loyalty To Ruling Party0

    The Governor of Rivers State, Siminalayi Fubara, has dismissed reports suggesting that he has left the All Progressives Congress (APC), insisting that he remains fully committed to the ruling party. Fubara made the clarification on Wednesday while inspecting the reconstructed Rivers State Psychiatric Hospital, which has now been converted into a general hospital in Rumuigbo.

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  • FG Approves 40% Peculiar Allowance For Civil Servants Amid Labour Pressure

    FG Approves 40% Peculiar Allowance For Civil Servants Amid Labour Pressure0

    The Federal Government of Nigeria has approved a 40 per cent peculiar allowance for civil servants following sustained pressure from labour unions and mounting threats of industrial action over wages and working conditions. The approval is part of ongoing efforts to address long-standing salary concerns within the federal civil service and to cushion workers against

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  • Otedola Strengthens Banking Stake With N43bn First HoldCo Share Purchase

    Otedola Strengthens Banking Stake With N43bn First HoldCo Share Purchase0

    Nigerian billionaire businessman Femi Otedola has expanded his investment footprint in the financial sector with the acquisition of shares in First HoldCo Plc valued at over N43bn, according to market disclosures. The latest transaction further consolidates Otedola’s position as one of the most influential shareholders in Nigeria’s banking industry, reinforcing his long-term strategic interest in

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  • Tinubu Says Nigeria Will Spend Nearly Half Of 2026 Revenue On Debt Servicing

    Tinubu Says Nigeria Will Spend Nearly Half Of 2026 Revenue On Debt Servicing0

    Bola Tinubu has disclosed that Nigeria is projected to spend about $11.6bn servicing its debt obligations in 2026, representing nearly half of the country’s expected revenue for the year. The President made the statement while addressing concerns over Nigeria’s fiscal outlook, rising debt profile, and the pressure debt servicing continues to place on government finances.

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  • Dangote Refinery Supplied 79% Of Nigeria’s Petrol In April — NMDPRA Data

    Dangote Refinery Supplied 79% Of Nigeria’s Petrol In April — NMDPRA Data0

    The Dangote Refinery supplied approximately 79 per cent of Nigeria’s petrol consumption in April, according to new data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The figures underscore the growing dominance of the Lagos-based refinery in Nigeria’s downstream petroleum market as local refining capacity continues to expand following years of dependence

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  • Former Power Minister Saleh Mamman Sentenced To 75 Years Over ₦33.8bn Fraud

    Former Power Minister Saleh Mamman Sentenced To 75 Years Over ₦33.8bn Fraud1

    A Federal High Court sitting in Abuja has sentenced former Minister of Power, Saleh Mamman, to a total of 75 years imprisonment after finding him guilty of fraud and money laundering involving about ₦33.8 billion. Justice James Omotosho convicted Mamman on all 12 counts filed against him by the Economic and Financial Crimes Commission. The

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