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1 week ago | 
independent.ng | Chidi Ugwu
ABUJA – A few days after assuming duties as the new Group Chief Executive Officer of the NNPC Ltd, Mr. Bashir Bayo Ojulari has met the staff of the Company, with a vow to pursue the company’s bold ambitions and build an NNPC that will be the pride of all Nigerians. Olufemi Soneye, the Chief Corporate Communications Officer of NNPC Ltd made this known in a statement on Friday.
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1 week ago | 
independent.ng | Chidi Ugwu
ABUJA – In a strategic move to further enhance its brand visibility, Twelve23 Project Limited has officially announced the appointment of Loud Voice as their brand ambassador for the 3rd year running. The unveiling ceremony took place at the company’s head office in Area 2 Abuja in the presence of the media, business partners, and key stakeholders.
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1 week ago | 
independent.ng | Chidi Ugwu
ABUJA – The Securities and Exchange Commission has stated that Crypto Bridge Exchange also known as CBEX was not granted registration by the Commission at any time to operate as a Digital Assets Exchange. In a Circular dated April 17, 2025, the Commission stated that its attention has been drawn to recent media reports/publications on the activities of CBEX (Crypto Bridge Exchange).
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1 week ago | 
independent.ng | Chidi Ugwu |Kayode Ajiboye
ABUJA – The power sector’s revenue rose by 70% in 2024, from ₦1.05 trillion in 2023 to ₦1.7 trillion, mainly due to cost-reflective tariff adjustments for Band A customers, Chief Adebayo Adelabu, the Minister of Power has said.
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1 week ago | 
independent.ng | Chidi Ugwu
ABUJA – A coalition of civil society organizations has demanded an immediate investigation into allegations that the head of a major regulatory commission may lack a valid National Youth Service Corps (NYSC) certificate—a mandatory requirement for Nigerian graduates under 30 and a key criterion for public office.
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1 week ago | 
independent.ng | Chidi Ugwu
ABUJA – A total sum of N1.578 trillion, being March 2025 Federation Account Revenue, has been shared to the Federal Government, states and the local government councils. Bawa Mokwa, Director of Press and Public Relations Office to the Accountant General of the Federation, in a statement, said the revenue was shared at the April 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.
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1 week ago | 
independent.ng | Chidi Ugwu
ABUJA – Nigeria’s headline inflation rate rose to 24.23 percent in March, the National Bureau of Statistics (NBS) has stated. A report by the bureau said the figure was a 1.05 percent increase from the 23.18 percent recorded in February. This is the first increase of the inflation figure since the NBS rebased the Consumer Price Index (CPI) earlier in the year.
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1 week ago | 
independent.ng | Chidi Ugwu
ABUJA – The Association of Power Generation Companies on Monday raised the alarm over a looming shutdown of operations following unpaid invoices to the Nigerian power generation companies (GenCos) to the tune of over N4 trillion, including legacy debts and 2024 arrears, with payment rates dropping below 30%. A statement signed by Col.
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1 week ago | 
independent.ng | Chidi Ugwu
ABUJA – Nigeria’s current GDP growth rate may not meet the projected $1 trillion economy target by 2030 without significant double digit GDP growth, Oliver Alawuba, Group Managing Director of United Bank for Africa (UBA), has said.
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1 week ago | 
independent.ng | Chidi Ugwu
ABUJA – Association of Power Generation Companies on Monday raised the alarm over unpaid invoices to the Nigerian power generation companies (GenCos) to the tune of over ₦4 trillion, including legacy debts and 2024 arrears, with payment rates dropping below 30%. A statement signed by Col. Sani Bello Rtd, Chairman Board of Trustees of the association, lamented that the deprioritizes GenCos, leaving them with only partial payments of 9% to 11%), contrary to Power Purchase Agreement terms.
