Author: Broadstreet Admin

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A Royal Navy warship, HMS Trent, on Sunday arrived in Lagos, Nigeria. This is Trent’s second visit to Nigeria, as part of its regional mission to aid allies and partners in driving down illegal activities including piracy and illicit trafficking. According to a statement from the British High Commission, the visit would help deliver capacity […]

President Bola Tinubu has effectively secured an impressive commitment of $3 billion in investment from Indian entrepreneurs, aimed at revitalizing the steel industry within the nation. This is according to a statement by Mr Abdullahi Haruna, Special Assistant, Media and Publicity to Minister of Steel Development, Prince Shauib Audu, in Abuja on Wednesday. The president […]

The Presidential Election Petitions Tribunal sitting in Abuja has dismissed the case brought by the Allied Peoples Movement (APM), alleging that Vice-President Kashim Shettima of the All Progressives Congress (APC) had been nominated twice in the 2023 general elections. Chairman of the panel, Justice Haruna Tsammani, who read the ruling, upheld preliminary objections that all […]

The Presidential Election Tribunal in Abuja will deliver judgment on petitions challenging the election of President Bola Tinubu on Wednesday, September 6. According to Channels Television, the Court of Appeal Registrar Umar Bangari confirmed this on Monday, saying the proceedings will be open to live broadcast by interested television stations. The Labour Party (LP), the […]

The National Bureau of Statistics (NBS) has reported a decline in Nigeria’s unemployment rate, falling from 5.3% in the fourth quarter of 2022 to 4.1% in the first quarter of 2023. This was disclosed in a report titled, ‘Nigeria Labour Force Statistics Report Q4 2022 & Q1 2023’ which was released on Thursday by the […]

In accordance with the August 2023 monthly oil market report from the Organization of the Petroleum Exporting Countries and Allies (OPEC+), the oil rig count rose significantly to 14 during Q1 2023, up from 8 rigs in Q1 2022. However, despite this increase, the total production of crude oil and condensates experienced a month-over-month decline […]

The average price paid by Nigerians for Premium Motor Spirit, known as fuel, increased by 215.95 per cent in July 2023 compared with the value it recorded in the same month last year. The National Bureau of Statistics recently disclosed this in its July Premium Motor Spirit (Petrol) Price Watch. The report stated that the […]

The Nigerian Exchange Limited (NGX) has imposed fines totaling N32.74 million on eight listed companies due to their failure to submit their unaudited financial statements by the regulatory deadline. These sanctions were enacted in 2023 after an investigation by Nairametrics revealed that these companies had not met the regulatory requirements during the first quarter of […]

The Economic Community of West African States’ troops have expressed their readiness to engage in a standby force that could potentially intervene in Niger. After presidential guards seized power from President Mohamed Bazoum, ECOWAS issued a 7-day ultimatum to the military to restore the president or risk sanctions, including possible military action. But the junta […]

The Federal Government has announced N5 billion palliative to each state of the federation, including the Federal Capital Territory (FCT), to cushion the impact of the removal of the petrol subsidy. The Governor of Borno State, Babagana Zulum, disclosed this during an interactive session with State House correspondents in Abuja on Thursday after the National […]


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