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The Board of Directors, African Development Bank (AfDB), has approved a loan of 115 million dollars to support a major road rehabilitation project in Abia State, Nigeria. According to a report by the News Agency of Nigeria (NAN), this is contained in a statement issued by the Nigeria Country Department of the bank on Saturday in Abuja. The project would see to the rehabilitation of roads, erosion control infrastructure and preparation of solid waste management facilities in the state capital, Umuahia, and the commercial hub, Aba. “Financing for the project estimated at a total cost of 263.80 million dollars, will…

The Media Director of the All Progressives Congress (APC) Presidential Campaign Council, Mr. Bayo Onanuga has accused the Nigerian singer and songwriter, Charles Chukwuemeka Oputa, aka Charly Boy of inciting Nigerian youths to take to violence. Charly Boy on Saturday took to social media, urging Nigerian youths to take a cue from the France riots and “fight the system letting them down. But reacting via his Twitter page, Onanuga described the musician’s post as “highly irresponsible”. Reacting to Charly Boy’s post on social media on the mass protests in France, Onanuga criticized him over his position on the ongoing protests…

There was a major shake up by the Nigerian Navy leading to the redeployment of 56 Rear Admirals and one Commodore . The Director of Information, Commodore Adedotun Ayo-Vaughan disclosed this in a statement to newsmen in Abuja. According to the statement, former Director of Logistics, Defence Space Administration, Rear Admiral Olusanya Bankole is now the Chief of Communications and Information Technology, Naval Headquarters, Abuja, while Rear Admiral Alexander Bingel formerly Director of Combat Policy and Tactics has been appointed as the Director of Logistics of the Defence Headquarters. The statement further listed others affected by the redeployment including “Rear…

Members of the Retired Army, Navy and Air Force Officers Association of Nigeria (RANAD) said a recent approval of N134 billion for military pensioners by President Muhammadu Buhari was not implemented as prescribed . The association lamented that the payment was delayed and incompletely paid. Publicity Secretary of the association, Captain Abdulmalik Yusuf (retired) however, appealed to President Bola Tinubu to revisit the plight of military retirees. The association said their condition under the previous administration was not impressively addressed. He asserted that they had issues with the proper implementation of series of upward reviews of their allowances and wages.…

Former national chairman of the All Progressives Congress, Senator Adams Oshiomhole, says that if he lost his senatorial ambition, his blood pressure would have risen to 360 millimeters of mercury (mm Hg) Oshiomhole said this during the post inauguration/thank you party hosted in his honour by friends and well-wishers at his country home, Iyamho, Etsako, Edo, on Saturday. “If you have voted against me, I don’t know my blood pressure will now be 240/0360, that is if I’m still alive. “Because the jubilations by the opponent would have been such that they will come and lock my small door and…

The United Bank for Africa (UBA) Plc has signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide fund for up to $6.0bn over the next three years to eligible Small and Medium-scale Enterprises (SMEs) across Africa. UBA signed the agreement with AfCFTA on the sidelines of the 30th Afreximbank Annual Meeting (AAM) which was held in Accra, Ghana, on Monday, June 26. The bank in a statement on Friday, says following the agreement, the parties are to promote the development of SMEs operating in four sectors under the first phase of the partnership which are…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted the media report that it plans to increase the pump price of Premium Motor Spirit (PMS), otherwise called petrol, to N700 per litre nationwide. The IPMAN Chairman, Southwest Zone, Dele Tajudeen, made this known in Ibadan, the Oyo State capital, on Friday. Tajudeen, who urged Nigerians to disregard the speculation and not to engage in panic buying, stressed that the price of the product would not be more than what is being sold presently. He commended President Bola Tinubu for removing the subsidy on petrol, adding that it was long…

A multinational non-profit platform CDP has said that Nigerian oil and gas firms, including leading international oil companies, have been ranked low in turning in cutting down on hydrocarbons ahead of the goals of the 2015 Paris climate deal. According to a report by Reuters, Nigeria, Russia, the Arab Gulf, Algeria, Libya, Venezuela, Iraq and Iran are in the “lower ranks” of meeting their pledge to the zero gas emission target. The CDP’s Oil and Gas Benchmark report, published together with the World Benchmarking Alliance, said its latest assessment had shown the oil and gas sector “has made almost no…

No fewer than 67 condemned prisoners are waiting to be killed in Cross River Comptroller of the Nigerian Correctional Centre in Cross River State Command, Mr. Adeyinka Adebayo, disclosed this He also disclosed that there are a total of 573 inmates in the Afokang community facility, Calabar. He spoke when Governor Bassey Otu and his wife, Rev Eyoanwan Otu celebrated the Eid-el-Kabir Festival with the inmates. Adebayo expressed appreciation to the governor and his wife for the visit and pleaded with him to assist in providing some basic needs for the inmates, who are mainly from the state. Addressing the…

No fewer than twenty millionaires will emerge in the season three of Wema Bank’s 5for5 promo. The Nigeria’s leading financial institution has also revealed that over 90 million naira is up for grabs for customers across the country. The executive director, digital and retail Tunde Mabawonku, represented by Olusegun Adeniyi made this disclosure at the press conference to launch the promo in Lagos on Friday. The promo is to start from July 1, 2023 and will last for 10 months seeing two millionaires emerge every month across the country. Adeniyi said the promo is borne out of the need to…