Politics

Cola-Cola has completed the acquisition of Chi Limited. In a statement on Wednesday, Coca-Cola explained that it has extended its minority investment in the company to full ownership. In 2016, the company acquired a 40% minority stake in Chi and expressed interest in increasing ownership within three years. “Coca-Cola is continuing to evolve as a total beverage company, and Chi’s …

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Residents of Igbokoda in Ilaje Ese Odo local government in Ondo South senatorial zone who have resigned their fate to living without electricity for the past five years were enveloped in frenzy of joy on Wednesday as Vice-President Yemi Osinbajo commissioned the restored power project facilitated by the BEDC Electricity Plc. (BEDC) and Niger Delta Power Holding Company (NDPHC) which …

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Protesters under the umbrella of Lagos People’s Assembly(LPA) on Wednesday stormed the Lagos State House of Assembly  over the planned impeachment of the Governor Akinwumi Ambode, demanding that the lawmakers should work with the governor. With banners and placards bearing various inscriptions as of 11 am, agitators said the purported removal of Ambode from office could disrupt the peaceful conduct …

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Folake Sokoya One of the support groups of the Peoples Democratic Party (PDP), The Grassroots Mobilizers (TGM), held their Southern region summit on Sunday in Lagos. The summit, which took place at the conference hall of the Lagos Airport Hotel, was observed without fanfare as the event was already scheduled to take place before the announcement of a 72-hour campaign suspension …

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The Federal Government on Tuesday in Abuja launched the 2019 Humanitarian Response Plan and the 2019 – 2021 Humanitarian Response Strategy for the development of the North East Region of Nigeria. Minister of Budget and National Planning, Senator Udoma Udo Udoma, who launched the Plan, said it is a product of a collaborative effort between the Government of Nigeria and …

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Nigeria Extractive Industries Transparency Initiative (NEITI) – a body that shoulders the task of improving transparency and accountability in the management of revenues from natural resources – released last December the audit report of the oil and gas industry for 2016. Followingly, BudgIT has critically assessed the report and come up with salient analysis, demanding actions from regulatory bodies in …

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The house of representatives has passed the bill raising the national minimum wage. The lower legislative chamber passed the bill after considering the report of its ad hoc committee during plenary on Tuesday. The passage comes about a week after President Muhammadu Buhari sent the wage bill for consideration, following its approval by the national council of state. The council …

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Tayo Olanipekun The suspension of Justice Walter Onnoghen as the Chief Justice of Nigeria (CJN) few days before the 2019 general elections is like the arrest of a thief on Christmas or Salah Day, the Presidency has said. Senior Special Assistant on Media and Publicity to the President, Garba Sheu, by means of an analogy, explained on Sunday night in …

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Dayo Emmanuel Christian leaders in Nigeria have been urged to encourage and stop criticizing Christians in government. Special Adviser to President Muhammadu Buhari on Media and Publicity, Mr. Femi Adesina, made the call at the Breakfast meeting organised by a Christian media group, Christian Press Association Nigeria (CPAN) in Lagos Friday. The event held at the Faith Revival Apostolic Church …

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The Central Bank of Nigeria has imposed a penal fee of N1m on each branch of Deposit Money Banks for non-compliance with its ‘Banknote fitness guidelines and clean note policy documents for the industry.’ The regulator disclosed this in a circular to all DMBs on ‘Penalty for payment of counterfeit monies from ATMs, Teller Points’ on Wednesday. It said, “The …

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