Abuja Business Reports Newspaper & Magazine

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Year: 2024

Court Adjourns Cubana Chief Priest’s Naira Abuse Trial Till June 5

Justice Kehinde Ogundare of the Federal High Court sitting in Ikoyi, Lagos, on Thursday, May 2, 2024 adjourned further hearing in the trial of Pascal Okechukwu, a.k.a. Cubana Chief till June 5, 2024.Okejukwu was arraigned on Wednesday, April 17, 2024…

FCTA Disburses N6.3bn in One Month To Six Area Councils in FCT

The Federal Capital Territory Administration (FCTA) has disbursed a total of N6,316,621,045.37 billion to the six area councils and other stakeholders as statutory allocation for the month of March 2024. This amount represents a significant increase of approximately 40 percent…

May Day: ALGON National President Hon Aminu Mu’azu Maifata Sends Sincere Message To Workers

The National President of the Association of Local Governments of Nigeria (ALGON), Hon Aminu Mu’azu Maifata, has sent in his goodwill message to the local government workers. The ALGON leader said, “On behalf of the National Executive Council of the…

Vandalism: TCN Faults Claims By Jos Disco Over Partial Power Restoration of Gombe Transmission Line, Allocation

The Transmission Company of Nigeria (TCN) has described as false claims in media reports on Saturday by the Jos Electricity Distribution Company (Jos DisCo) that it has restored partial power supply to some parts of Gombe and that only 5MW…

Why Petrol Scarcity May Worsen In Coming Days – Independent Marketers Reveal

…Threaten Withdrawal Of Services Over Unpaid Debts Baring special, but urgent, intervention by President Bola Ahmed Tinubu, the current scarcity of premium motor spirit (PMS), also known as petrol,  across the country may worsen in coming days if independent petrol…

EFCC Vs Yahaya Bello: Northern Group Urges Tinubu To Call Ex-Kogi Governor To Order

…Wants NJC’s Intervention to Save Judiciary Amid the ensuing drama between the immediate past Governor of Kogi State, Alhaji Yahaya Adoza Bello and the Economic and Financial Crimes Commission (EFCC), a group, the Northern Initiative for the Defence of Democracy…

Naira Rebounds Against the Dollar At Parallel Market

The Naira recovered against the United States (US) dollar at the parallel market as it appreciated to N1280/$, according to market information obtained by Nairametrics from currency traders. This implied that the Naira appreciated by N120, representing a gain of…

Repositioning EFCC: Olukoyede Effects Critical Challenges, Makes New Appointments

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede has appointed Mr. Michael Nzekwe as his Chief of Staff. He has also appointed Zonal Directors for each of the 14 Zonal Commands of the Commission. Nzekwe,…

Abuja American School Returns Yahaya Bello’s $760,000 to EFCC

The Economic and Financial Crimes Commission (EFCC) has confirmed the receipt of the refund of $760,000 paid as advanced school fees by a former Kogi State Governor, Yahaya Adoza Bello for his kids at the American International School, Abuja. The…

AASU Writes Malian Leader, Expresses Interest in Detained Siriman Niaré’s Case

The All-Africa Stucents Unian (AASU), a continental Students’ movement and the umbrella body for all national students’ unions in Africa, has expressed interest in a case involving a student activist, Comrade Siriman Niaré, in a letter to the Interim President…