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Dave Umahi

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Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
News

Nigeria Says Third Mainland Bridge Rehab Cost N43 Billion

Nigeria says the Third Mainland Bridge rehabilitation cost N43 billion, while the CCTV control centre cost about N2.5 billion, rejecting reports of inflated surveillance spending.
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Wike Praises Tinubu, Umahi as East West Road Opens to Traffic in Rivers Bonny Axis

KEY POINTS Wike applauds Tinubu and Umahi for opening the East West Road linking...
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FG Declares Carter Bridge ‘Irredeemable,’ Plans New Alignment

The Federal Government says Carter Bridge in Lagos is in a critical state and may be beyond repair, with plans for a new alignment underway.
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South East APC Forum Calls for Clarification on Umahi’s Remarks

The South East APC Forum demands Senator Umahi's clarification on his remarks about the Anambra opposition ahead of the 2025 election.
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FG to Take Over Unfinished Lagos-Ibadan Expressway Sections

The Federal Government planned to assume control of incomplete sections along the Lagos-Ibadan Expressway starting from April 2025.
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N800 Billion Insufficient to Fix Nigeria’s Roads — Umahi

Nigeria’s road infrastructure needs increased funding and the N800 billion allocation is too little for the country, says Minister Dave Umahi.
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Concerns Raised Over Nigeria’s Road Construction Equipment

Federal Government expressed concern yesterday about the country's road construction status. Alarmingly, over the...

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Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
Business

Investors gain N26.5trn on Nigerian Exchange in April

Nigerian stock investors pocketed 26.5 trillion naira in April as the All-Share Index surged 20.13 percent and market cap climbed to a record 155.7 trillion.
News

Analysts urge Nigeria to plug N31trn deficit by listing state assets

Analysts say Nigeria can fix its 31 trillion naira budget deficit by listing state-owned assets on the stock market instead of piling on more debt.
News

No Nigerian killed in S’Africa protests, Ojukwu says

Foreign Affairs Minister Bianca Odumegwu-Ojukwu says the recent anti-foreigner protests in South Africa claimed no Nigerian lives, though two citizens died in separate, unrelated incidents.