News

The Naira appreciated on Monday at the official foreign exchange (FX) market, closing at N1,419.86 to the dollar as against N1,435.53 to the greenback which it closed on Friday, February 02, 2024, the Nigerian Autonomous Foreign Exchange Market (NAFEM), data ...

Operatives of the Lagos Police Command have arrested a 47-year-old man, Shola Owosho, for being in possession of counterfeit naira notes The suspect was arrested on Thursday night by policemen attached to the Ijora Badia Division. He was alleged to have ...

The Lagos State Police Command has clarified that the restriction on vehicular movement for the state by-election on Saturday will specifically apply to only the Surulere area of the state   The command’s Public Relations Officer, SP Benjamin Hundeyin, made this clarification ...

A 300-level female student of the Adekunle Ajasin University Akungba Akoko (AAUA) has been stabbed to death in her room https://alexis.lindaikejisblog.com/photos/shares/d1_1707077900.jpg The deceased, identified as Ifeoluwa Adekunle, was found dead in a pool of blood at the weekend in her room. ...

A pregnant mother of nine, Esther Godday, has been arrested after allegedly stabbing one Mrs. Imeran Idema who was trying to stop her from stealing a bunch of plantain from her family farm dead According to The Nation newspaper, the ...

A cleric, Apostle Theophilus Oloche Ebonyi, the General Overseer of Faith On The Rock Ministry International has been arrested for defrauding church members and other Nigerians of over N1.3 billion as registration fees for grants from the Ford Foundation According ...

The federal government has banned alcoholic beverages produced in sachets less than 200ml The National Agency for Food and Drug Administration and Control (NAFDAC) Director-General, Prof Mojisola Adeyeye disclosed this on Monday while addressing the media over the development in Abuja. ...

CBN raises import duty rate by another 4.4% in 24 hours Barely 24 hours after it increased the Customs exchange rate to N1, 356.883 per dollar on Friday, the Central Bank of Nigeria, CBN, has Saturday morning once again jerked ...

Schoolchildren of Apostolic Faith Group of Schools, Emure-Ekiti, Ekiti State and their teachers, who were recently kidnapped by armed men have been released. It cannot be ascertain at the moment if the victims who regained freedom at about 2.00 am on ...

Nigeria’s electricity grid on Sunday collapsed yet again, throwing several cities including the nation’s capital Abuja, into darkness   The Abuja Electricity Distribution Company (AEDC) announced Sunday that the collapse occurred at around 11 a.m.   “The Management of Abuja Electricity ...

Oyo State Governor Seyi Makinde has suspended the traditional ruler of Ido town, Oba Gbolagade Babalola, known as Gbadewolu I   The monarch’s suspension, effective immediately, was made public in a letter issued on February 2, 2024, and signed by the ...

  Airtel Africa has revealed plans for a $100m share buyback programme starting March 2024. This is as the company also reported a 99.6 per cent decline in its post-tax profit to $2m at the end of the nine months ended December 2023 from $523m ...

  The First Bank of Nigeria Holdings has appointed Nigerian billionaire and businessman, Femi Otedola, as the new chairman of its board of directors. Otedola, who recently expressed his excitement about his return to the Forbes African Billionaires list after a seven-year ...

  Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess ...

  President Bola Tinubu on Wednesday pledged increased support for the Economic and Financial Crimes Commission in raising its capacity to tackle digital offences. This was as he deplored what he termed “mislabelling and blanket stereotyping” of Nigeria as a country with ...

  Bandits, on Thursday, abducted a director in Federal Housing Authority, Federal Capital Territory, identified as Aondo Ver, from his home, during an attack about 200 metres close to a military base in Pambara in the Bwari Area Council of ...

  Two teenage sisters have been kidnapped by bandits at Guita community, Chikakore in Kubwa, Bwari Area Council of the Federal Capital Territory, Abuja. Our correspondent gathered that the kidnappers struck on Sunday at about 11:25 pm, and have since ...

  Bureau De Change operators have announced shut down of operations in Abuja as a result of unavailability of dollars, reports the Daily Trust This was announced by the association’s Chairman, Abdulahi Dauran, on Wednesday. The naira closed at an ...

  A 28-year-old travel content creator, Pelumi Nubi, has explained how she planned to embark on her solo trip from London, the capital of the United Kingdom, to Lagos. Nubi, who started the trip on Tuesday, said her intention was ...

  Finance and economy analysts have shared perspectives on the relocation of some units and departments of the Central Bank of Nigeria to Lagos. The stakeholders spoke to PUNCH Online on Wednesday following the recent apex bank’s announcement directing the ...

Adron Homes Rewards Continental Business Challenge Winners To an All-Expense-Paid Holiday, Promises More Staff Welfare. To strengthen commitment by rewarding exceptional staff and also creating a more competitive working atmosphere, the management of Adron Homes and Properties has sponsored 10 staff ...

In what has been termed a significant milestone in the advancement of Nigeria’s domestic gas industry and the generation of gas revenues, Temile Development Company Ltd -a key indigenous player in the oil and gas industry- recently commissioned a 23,000 ...

Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African bank has launched an innovative training program targeted at empowering operators of small and medium enterprises (SMEs) in the country. Through the initiative, titled MySME Growth Series, the Bank ...

  Seven-Up Bottling Company in partnership with the United Nations Industrial Development Organisation and Zenith Bank has organised a bootcamp for about 80 Small and Medium Enterprises in Nigeria. In a statement from the company on Monday, the bootcamp themed ...

  Wema Bank grew profit by over 105 per cent to N23.36bn in 2023 from N11.35bn in the prior year. According to the lender’s unaudited financial statement filed with the Nigerian Exchange Limited on Tuesday, revenue rose by 61.36 per ...