The Federal Government of Nigeria, under President Bola Ahmed Tinubu, has reinforced the mandatory compliance of all Ministries, Departments, and Agencies (MDAs) with the Infrastructure Concession Regulatory Commission (ICRC) Act for all Public-Private Partnership (PPP) agreements. According to a government circular, non-compliance with the ICRC Act, its policies, or guidelines renders any such agreements illegal. … Read more

Former Vice President and 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has taken to social media to share a reunion with his primary school classmates. The post which included a photo of himself and his classmates, reads: “My recent trip to Jada was yet another opportunity to reconnect with some of … Read more

Folake Ani-Mumuney was asked to resign as First Bank’s global head of marketing and corporate communications by Femi Otedola, the chairman of the holding company, insiders have told TheCable. A top employee of the bank informed TheCable that Otedola was “seriously irked” when he learned that a whopping sum was spent on a send-off party … Read more

Prominent activist and legal practitioner Dele Farotimi has been granted bail by the Ekiti state high court. The bail conditions include a sum of ₦50 million and a surety of the same amount, with the surety required to possess a landed property. The case has been adjourned to 29 January 2025 for further proceedings. Faoritmi … Read more

High-net-worth residents of the Federal Capital Territory would how have a specially designated tax unit at the FCT-Internal Revenue Service. Michael Ango, the acting executive chairman of the FCT-IRS said the service has created a dedicated unit to tax over 10,000 rich residents of the FCT. In a circular issued on Sunday in Abuja, Ango … Read more

The revitalized Port Harcourt Refining Company (PHRC) in Alesa Eleme, Rivers State, has become a source of concern as findings reveal it contributes significantly to the high cost of fuel in Nigeria. Despite substantial investments in its rehabilitation, the refinery is plagued by inefficiencies that prevent it from performing optimally, Business Hallmark has uncovered. The … Read more

The 2024 Edo Governorship Election Petition Tribunal has commenced its inaugural and pre-hearing session, to determine the fate of the suits seeking the removal of Governor Monday Okpebholo. The tribunal is set to hear seven petitions challenging the Independent National Electoral Commission’s (INEC) declaration of Okpebholo as the winner of the September 21 governorship election. … Read more

Labour Party’s governorship candidate in Lagos State, Gbadebo Rhodes-Vivour, has signalled his intention to contest again for the governorship position. Reflecting on lessons learned from the last election, he expressed determination to strengthen his political movement and stay visible in opposition politics. Speaking in an interview on Iyabo Ojo TV, Rhodes-Vivour criticized the trend of … Read more

German President Dr. Frank-Walter Steinmeier is set to visit Nigeria on a three-day official trip, starting from December 10 to 12. This visit marks the third high-level exchange between the two nations since President Bola Ahmed Tinubu’s inauguration in May 2023. During his visit, President Steinmeier will be accompanied by a delegation of top industry … Read more

Senator Orji Uzor Kalu, the former Governor of Abia State, paid a private visit to President Bola Tinubu at the Aso Rock Villa on Sunday night. The details of the visit were not disclosed to the public. “Tonight, I paid a private visit to His Excellency President Asiwaju Bola Ahmed Tinubu in his residence” Kalu … Read more