News

Six members of a kidnap syndicate allegedly responsible for the recent abduction of one Joshua Eze, in the Federal Capital Territory, FCT have been arrested in a hotel in Bassa Village in the capital city   The suspects are one Buhari ...

  The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that Foreign Portfolio Investors want the country to carry out policy reforms to enable them to bring in their funds. Cardoso said this on Monday during an ...

  Hassan Saidu and Abdullami Aliu have been jailed for vandalising a transformer belonging to Eko Electricity Distribution Company in the Olodi Apapa area of Lagos. The two were found guilty on a five-count charge bordering on conspiracy to commit ...

  116 customers of Wema Bank were rewarded with about N8m in the sixth monthly draw of the bank’s 5 for 5 Promo Season 3. In a statement, the firm said the live draw, which was held at the Oba ...

  The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making efforts to tackle the volatility of the currency. The local currency appreciated by 1.09 ...

  Bank Directors Association of Nigeria says it is supportive of a directive by the Central Bank of Nigeria asking commercial banks to stop “hoarding’’ foreign currencies. The CBN had last week expressed concerns over the escalating foreign currency exposure ...

  The national power grid stabilised on Monday as electricity generation revolved around 3,000 megawatts and 3,707.91MW between 1am and 8pm on the same day following the collapse of the grid on Sunday. On Monday, The PUNCH reported that power generation on ...

The Federal Government through the Central Bank of Nigeria has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar   This is coming weeks after the rate was increased from N783/$ to N952/$.   In November, ...

President Bola Tinubu has congratulated Nigeria’s musical talents nominated for the 2024 Grammy Awards: Burna Boy, Davido, Olamide, Tems, Asake, and Ayra Starr All Nigerian nominees were defeated at the Grammy Awards. This is contained in a statement issued by presidential spokesman, Ajuri ...

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 ...