2 mn read The Senate has passed a bill aimed at bolstering the Nigeria Deposit Insurance Corporation (NDIC), enhancing its capacity to protect depositors’ funds and ensure stability within financial institutions. This legislation is expected to promote confidence in Nigeria’s banking sector. The approved bill grants the President the exclusive authority to appoint the Managing Director and Executive […]

< 1 mn read Nigerian oil marketers were taken aback by comments from Aliko Dangote, Chairman of Dangote Refinery, who disclosed that the facility holds a stockpile of approximately 500 million litres of petrol available for sale and distribution to retailers. Dangote made this announcement during a meeting of the Implementation Committee on Crude Oil and Refined Products Sales […]

< 1 mn read The Federal Government has confirmed that the four toll gates along the 260km Abuja-Keffi-Makurdi expressway comply with the requirements set by the Infrastructure Concession Regulatory Commission (ICRC). Minister of Works, David Umahi, addressed concerns raised by commuters regarding the tolls, stating that the law establishing the ICRC outlines both minimum and maximum requirements for tolling […]

< 1 mn read The Federal High Court sitting in Abuja has barred the Federal Government from releasing further monthly allocations to Rivers State. Justice Joyce Abdulmalik delivered the judgment on Wednesday, specifically restraining the Central Bank of Nigeria (CBN) from allowing the state to draw funds from the consolidated revenue account. The ruling followed a suit marked: FHC/ABJ/CS/984/24, […]

2 mn read The former deputy governorship candidate of the Social Democratic Party (SDP) in Ondo State, Mrs. Susan Gbemisola Alabi, has officially joined the ruling All Progressives Congress (APC). Mrs. Alabi’s resignation from the SDP stemmed from irreconcilable differences with the party’s governorship candidate, Otunba Bamidele Akingboye. Governor Lucky Aiyedatiwa, the APC candidate in the upcoming November […]

< 1 mn read The Ondo State security outfit, Amotekun, has detained Akinmade Friday, a 20-year-old suspect, for allegedly killing a 65-year-old woman over a sum of N3,000. Reports indicate that Friday attacked the elderly woman with a wooden plank, accusing her of entering his room and stealing the money. In his statement to the police, Friday admitted, “I […]

< 1 mn read The Nigerian Civil Aviation Authority (NCAA) has clarified misinformation regarding the airworthiness of a helicopter that crashed in Port Harcourt last Friday. In a statement, Acting Director-General Captain Chris Najomo responded to reports from an online outlet, stating that the helicopter in question had never been scrapped. The NCAA addressed a report by Sahara Reporters […]

< 1 mn read Vanguard Petrol Price Increase: The report highlights that Nigeria has experienced its third petrol price increase in just 60 days, leading to a subsequent rise in crude oil prices. This trend raises concerns about the impact on the economy and everyday life for citizens. NASU and SSANU Strike: The National Association of Academic Technologists (NASU) […]

< 1 mn read Lieutenant General Herzi Halevi, Israel’s military chief, has issued a stark warning to Iran, promising a powerful response if Tehran retaliates against Israeli airstrikes conducted over the weekend. “If Iran makes the mistake of launching another missile barrage at Israel, we will once again know how to reach Iran… and strike very, very hard,” Halevi […]

2 mn read In a significant initiative aimed at reshaping Nigeria’s agricultural landscape, the Federal Government, with support from the French Development Agency (AFD), has unveiled a comprehensive strategic plan. This plan is designed to bolster agricultural productivity, enhance food security, and improve the livelihoods of Nigerian farmers. Key Features of the Strategic Plan The strategic plan, developed […]

2 mn read Tropical General Investments (TGI) Group’s Vice Chairman, Farouk Gumel, underscored the importance of sustainable multilateral collaborations in fostering Nigeria’s economic growth during a side event at the 79th United Nations General Assembly (UNGA). Speaking at the US-Nigeria Executive Roundtable in New York, Gumel showcased TGI’s proven track record as a reliable partner for driving economic […]

2 mn read Baobab Nigeria, a financial institution dedicated to community empowerment, has announced a significant collaboration with AXA Mansard Health aimed at providing free health insurance coverage to low-income individuals across Nigeria. This partnership seeks to enhance healthcare access and improve the well-being of vulnerable populations. Addressing Healthcare Barriers Millions of Nigerians face substantial barriers to accessing […]

2 mn read As Nigeria marked 64 years of independence, the Economic Community of West African States (ECOWAS) Woman & Youth Ambassador, Sonnia Agu, emphasized the crucial role women play in shaping the nation’s future. Speaking at the second Inter-Party Advisory Council (IPAC) policy roundtable in collaboration with the Westminster Foundation for Democracy (WFD), Agu highlighted the importance […]

2 mn read The Nigerian Ports Authority (NPA) has announced a temporary suspension on the release of cleared cargoes from the Apapa Port Complex (APC) due to severe congestion issues currently affecting the port’s operations. This development is likely to disrupt logistics, supply chains, and the overall efficiency of cargo movement at one of Nigeria’s busiest ports. In […]

< 1 mn read During the 2024 National Physicians Week celebrations in Uyo, Akwa Ibom State, Prof. Bala Audu, President of the Association, emphasized the urgent need for consistent implementation of the Consolidated Salary Medical Structure (CONMESS) across all states in Nigeria. His remarks came as part of a broader discussion on the theme of the week: “Ensuring Universal […]