Forbes has ranked luxury goods tycoon Bernard Arnault of France as the ”World’s Richest Person 2023”. According to Forbes on Tuesday, Arnault has made it to the pinnacle on the back of a banner year at LVMH: revenue, profits and shares all climbed to record highs, helping to add $53 billion to Arnault’s fortune over…
The Senate on Tuesday announced a new financier for the Kaduna-Kano railway modernisation project. The former financier, the China Exim Bank backed off the project making way for the China Development Bank (CDB) to take over. To this effect, the Senate harmonised the terms of the 2016-2018 Federal Government’s external borrowing plan for the project….
The presidential candidate of the Labour Party at the 2023 elections, Peter Obi has described as malicious and fictitious the allegation of treason leveled against him by the minister of Information, Alhaji Lai Mohammed . Obi said, “In the past few days, I have observed various campaigns of calumny directed at my person, with the…
British billionaire Sir Richard Branson’s rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment. The satellite launch company halted operations weeks ago but it hopes to find a buyer for the business. The company, based in California, announced last week that it would cut 85% of its…
President Muhammadu Buhari has urged the Senate to consider and approve the Nigerian Data Protection Bill sent to it by the Executive. The president’s request is contained in a letter addressed to the Senate President, Ahmad Lawan, and read at plenary on Tuesday. “Pursuant to Section 58, subsection 2 of the 1999 Constitution as amended,…
Leadway has emerged the first insurance company in Nigeria to cross 3-digit billion mark with total premium collection of N104.4 billion of which Gross Written Premium is N92.5 billion, Savings & Investment is N10.8 billion and another N1.1 billion from its Ivorien Insurance subsidiary. Also, Leadway remains the leader in claims payment with N57.5 billion,…
The Federal Government has admonished the presidential candidate of the Labour Party, Mr Peter Obi, against inciting people to violence over the outcome of the presidential election. The Minister of Information and Culture, Alhaji Lai Mohammed, gave the admonition in Washington DC during his official engagements with some international media organisations on the just concluded…
The Kaduna State Government says it has received preliminary reports from security agencies on the kidnapping of about 10 students in Kachia Local Government Area of the state. The Commissioner for Internal Security and Home Affairs, Mr Samuel Aruwan, confirmed the incident in a statement issued on Tuesday in Kaduna. He said that according to…
The Senate in plenary on Tuesday adopted the report of Conference Committee set up by the two chambers to harmonise the Bill for an Act to establish the Nigeria Peace Corps. The Committee completed its assignment last Wednesday, which led to the report being laid and adopted by the House of Representatives. The Harmonised Report…
Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) and the Comptroller General of the Nigerian Customs Service, NCS, Col. Hameed Ali (Retd) on Tuesday signed a Memorandum of Understanding, MoU that will inflict maximum loss on drug cartels bent on trafficking illicit substances at the detriment…
