“One Patrick Shekhar, one of the manufacturers’ CEOs, urged the President to entrust local brands with producing such vehicles for the military, stating that the products are 100 percent designed and produced in Nigeria by young Nigerian engineers” PEGASUS REPORTERS, LAGOS | JANUARY 25, 2025 Four auto manufacturing companies featured locally designed armed personnel carriers (APM) during President Bola ...
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BREAKING: Cash Shortage in ATMs: CBN imposes fine of N150 million each on nine erring banks.
“Each bank was fined N150m for non-compliance, in line with the CBN’s cash distribution guidelines, following spot checks on their branches. The enforcement action follows repeated warnings from the CBN to financial institutions to guarantee seamless cash availability, particularly during periods of high demand” PEGASUS REPORTERS, LAGOS | JANUARY 15, 2025 The Central Bank of Nigeria has slammed 9 ...
Read More »Nigerian Judiciary Under Microscope: A Survey of Yahaya Bello’s Case & Others Under a Corrupt Judicial System – By Dr. Umar Osabo
Justice Walter Onnoghen, former Chief Justice of Nigeria, stated, “Without proper funding and autonomy, the judiciary cannot function effectively. Those in power must recognize the separation of powers and allow the judiciary to fulfil its constitutional role. ” Our ruling classes are often bent on pressuring the judges to rule in their favour. PEGASUS REPORTERS, LAGOS | DECEMBER 29, ...
Read More »NNPC launches Production Monitoring Command Centre to monitor oil production
“A standout feature of the PMCC is its support for predictive and preventive maintenance. By monitoring equipment performance and coordinating maintenance activities, the system ensures the reliability and longevity of assets.” PEGASUS REPORTERS, LAGOS | DECEMBER 28, 2024 The Nigerian National Petroleum Company (NNPC) Limited has introduced the production monitoring command centre (PMCC) to enhance hydrocarbon operations. In a ...
Read More »“The world does not know Tinubu at the level of a president” – Presidency defends constant foreign trips
“For Nigerians, the president is well known. But globally, he has only been president for 18 months. The world does not know him at the level of a president. So he needs to open doors and open windows. He needs to go out. And these trips will eventually reduce” PEGASUS REPORTERS, LAGOS | DECEMBER 23, 2024 The Special Adviser ...
Read More »Federal Capital Minister, Nyesom Wike Fires FCDA Executive Secretary, Hadi Ahmad
“According to a statement on Thursday, by Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the Minister of Federal Capital Territory (FCT), Nyesom Wike, the suspension of Engr Hadi Ahmad is with immediate effect” PEGASUS REPORTERS, LAGOS | NOVEMBER 15, 2024 The Executive Secretary, Federal Capital Development Authority (FCDA), Engr. Shehu Hadi Ahmad, has been ...
Read More »Underdevelopment: Olukoyede says Nigerians will shed tears on seeing our investigation; discloses reason for unstable power supply
“As I am talking to you now, we are grappling with electricity. If you see some of the investigations, we are carrying out within the power sector, you will shed tears. People who were awarded contracts to supply electrical equipment, instead of using what they call 9.0 gauge, would go and buy 5.0.” PEGASUS REPORTERS, LAGOS | NOVEMBER 15, 2024 ...
Read More »FCCPC stops Ikeja & Eko DisCos illegal attempt to bill consumers for meter replacement; raises compliance concerns
“It is essential to clarify that Ikeja and Eko DisCos cannot proceed with the withdrawal or replacement of the Unistar meters unless they fully comply with NERC’s Order on Structured Replacement of Faulty and Obsolete End-user Customer Meters in the Nigerian Electricity Supply Industry (Order No. NERC/246/2021)” PEGASUS REPORTERS, LAGOS | NOVEMBER 14, 2024 An attempt by Ikeja Electricity ...
Read More »Press Statement: President Tinubu Honours Ogoni Martyrs
“We honour their memory by recognising the sacrifices made and pledging to strive for a future characterised by peace, justice, and sustainable development for all communities, particularly those in the Niger Delta,” said President Tinubu. PEGASUS REPORTERS, LAGOS | NOVEMBER 12, 2024 President Bola Ahmed Tinubu has reaffirmed his administration’s commitment to fostering dialogue, reconciliation, and healing among all ...
Read More »CBN grants banks approval to trade idle FX deposits from ‘designated domiciliary’ accounts
“The new guidelines from the CBN come less than a week after the Federal Government launched a 9-month window for Voluntary Currency Disclosure, Depositing, Repatriation, and Investment Scheme, known as the “Disclosure Scheme,” under Executive Order No. 15 of 2023” PEGASUS REPORTERS, LAGOS | NOVEMBER 12, 2024 The Central Bank of Nigeria (CBN) has given the green light to ...
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