Abuja Business Reports Newspaper & Magazine

…Authoritative Business News Everytime

Month: April 2024

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…

Misappropriation, Others: Court Jails Three for N17.6m Fraud

The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, April 22, 2024, secured the conviction and sentencing of three fraudsters before Justice Umaru Fadawu of the Borno State High Court, Maiduguri. The convicts are Mohammed…

Four Towers Vandalized Along Jos – Gombe 330kV Transmission Line —TCN Reveals

The Transmission Company of Nigeria (TCN) has disclosed that four towers along the Jos – Gombe 330kV transmission line have been vandalised at about 3:32pm on 22nd April, 2024. This was revealed in a statement signed by its General Manager,…

Tinubu Administration Set To Roll Out Presidential CNG Initiative

After the removal of fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential Compressed Natural Gas (CNG) Initiative in October last year to deliver cheaper, safer and more climate friendly energy. The CNG Initiative was designed…

DG NCAA Seeks Collaboration with Transport & Aviation Correspondents, Tasks Media Practitioners

The acting Director General, Nigerian Civil Aviation Authority (NCAA), Capt. Chris Najomo, at the weekend tasked media practitioners on correct narrative of events that bring about positive impact to the agency, the aviation industry and wealth of the country amongst…