NNPC/IPMAN Distract Nigerians Over Pump Price

By Oji Odu First, the Independent Petroleum Marketers Association of Nigeria (IPMAN) came up with a gimmick, following the postponement of the 2019 elections to reduce fuel pump price so as to help ease movement of voters to their polling stations. Today, the association is threatening hell and brimstone that they will unilaterally increase petroleum pump price to over the official N145 per litre if the depot owners keep selling to them at a hiked price of N135.50 instead of the N133.28 The Nigeria National Petroleum Corporation (NNPC) on its…

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Unity Bank Rebounds, Declares N643m Profit

By The Source Unity Bank appears to have escaped impairments that slowed down growth for the mid-tier bank in the last few months. Recall that the Nigerian Stock Exchange, NSE placed the Tomi Shomefun-led bank on suspension for failure to file its financial statements last November. But in what keen market analysts described as a rebound, the bank has announced N643m profit before tax for the nine months financial period ending September 30th, 2018. Notably, analysts insist that the bank has shown increased presence in the agro-business sector by providing…

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Senate Presidency: PDP Weighs Options, Mulls a Senate President with APC Deputy

By Chidiebere Onyemaizu With about 46 Senators now in its kitty, the Peoples Democratic Party, PDP, is weighing options as regard the next President of the Senate, the The Source has learnt. An impeccable party source lists the options as follows: Cash in on the division in the ranks of the All Progressives Congress, APC, fresh and returning Senators over the party’s choice for the top Senate position to spring a surprise by sponsoring a ranking PDP Senator for the position with an APC Deputy; align with Senator Ali Ndume…

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APC Abandons Amaechi As Wike Wins Big In Rivers

The Independent National Electoral Commision, INEC, has declared the Rivers state governor Nyesom Wike winner of the governorship elections. Wike, the state Peoples Democratic Party flag bearer, polled 886,264 to defeat his nearest rival, Engineer Biokpomabo Awara of the AAC, who polled 173,859 votes. This was the highest margin a state governor has used to defeat his opponent in the current political dispensation. He won by a margin of 712,405 votes. By the end of the first day of collation and announcement of the results, Wike was already leading with…

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NJC may have recommended Onnoghen For Retirement, Cleared Tanko

Following turbulence that has trailed his tenure and his unceremonious suspension from his exalted office, Justice Walter Onnoghen may have been recommended for retirement by the national Judicial commission, NJC. Justice Tanko Mohammed, however, may have been exhonorated from allegations of subverting the rule of Law by offering himself to be sworn in as the new acting chief Justice without due process. This Soji Oye, the Director  of Media Information of the commission has hinted. The NJC handles issues of Judicial discipline. In the wake of the Onnoghen Saga, Justice…

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