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EXPERT WARNS NIGERIANS ABOUT RISKS IN CRYPTOCURRENCY SPACE

Business

< 1 mn read Alternative finance and cryptocurrency expert, Rume Ophi, has cautioned Nigerians against being influenced by celebrity endorsements or promises of quick wealth. In a statement to Vanguard, Ophi, known as the Cryptopreacher, highlighted the risks inherent in the cryptocurrency market. Ophi stated, “The cryptocurrency space holds great potential but comes with significant risks if not approached […]

TRADE UNION CONGRESS OF NIGERIA REAFFIRMS COMMITMENT TO WORKERS’ RIGHTS

Business

2 mn read The Trade Union Congress of Nigeria (TUC) has reaffirmed its dedication to protecting the rights and interests of Nigerian workers. The TUC pledged to persist in advocating for policies that foster social justice, equitable wages, and a decent work environment. CBN REPORTS FIRST EXPANSION IN ECONOMIC ACTIVITIES IN 13 MONTHS The Central Bank of Nigeria […]

CBN REPORTS FIRST EXPANSION IN ECONOMIC ACTIVITIES IN 13 MONTHS

Business

< 1 mn read The Central Bank of Nigeria (CBN) announced that economic activities experienced their first expansion in 13 consecutive months, reaching 50.2 index points in August 2024. According to the CBN’s Purchasing Managers Index for August, the employment level contracted for the eighth consecutive month, dropping to 48.7 index points, with the Forestry sector showing the most […]

STANBIC IBTC PENSION MANAGERS REAFFIRMS COMMITMENT TO RETIREES’ WELFARE

Business

< 1 mn read Stanbic IBTC Pension Managers has reiterated its dedication to the welfare of retirees and the delivery of quality service. Following the circulation of a video online showing a distressed client at one of their offices, Olumide Oyetan, the Chief Executive Officer, confirmed that the issue has been addressed and the client’s benefits processed within the […]

WIND FALL TAX AS A PATHWAY TO ECONOMIC DIVERSIFICATION IN NIGERIA

Business

3 mn read Industry experts suggest that the recently introduced windfall tax could be pivotal in diversifying Nigeria’s economy, which has long depended on the oil and gas sector. While this dependency has sometimes led to significant revenues, it has also made the country vulnerable to global oil price fluctuations. The need for diversification is urgent due to […]

QATAR AIRWAYS EXTENDS DISCOUNT PARTNERSHIP WITH ACCESS BANK UNTIL DECEMBER 2024

Business

< 1 mn read In an effort to reduce financial barriers to air travel, Qatar Airways has extended its discount partnership with Access Bank until December 2024. The extended deal offers up to 12% off on both business and economy class tickets for Access Bank customers who book flights online through Qatar Airways’ website. Customers can use the promo […]

FLOODING IN KANO AND JIGAWA STATES: 68 DEAD, THOUSANDS DISPLACED, AND FARMLANDS DESTROYED

News

< 1 mn read Since the onset of rainfall in July, flooding in Kano and Jigawa states has resulted in the deaths of at least 68 people. The breakdown of casualties shows that 31 deaths occurred in Kano and 37 in Jigawa. In Kano, Executive Secretary of the Kano State Emergency Management Agency (SEMA), Isyaku Kubarachi, reported that the […]

NIGERIAN ARMY NEUTRALIZES TERRORISTS AND RESCUES HOSTAGES IN MULTIPLE OPERATIONS

News

< 1 mn read The Nigerian Army announced that its troops, in collaboration with other security forces, successfully neutralized several terrorists during a raid on a terrorist base in the Mandara mountains on September 3, 2024. The Army reported that the offensive led to some terrorists fleeing and abandoning 24 captives at their base. The troops recovered various items, […]

BORNO, YOBE, AND ADAMAWA RESIDENTS REACT TO FUEL PRICE INCREASE

News

2 mn read The residents of Borno, Yobe, and Adamawa have voiced their shock and disappointment over the recent increase in the pump price of Premium Motor Spirit (PMS) by NNPC Retail Management. According to reports, NNPC Retail Management approved a rise in the pump price from N617 per litre to N897 per litre, effective from September 3. […]

NIGERIA CUSTOMS SERVICE DEPLOYS SMART TECHNOLOGY TO BORDER TOWNS

News

< 1 mn read The Nigeria Customs Service (NCS), in partnership with the Nigerian Immigration Service (NIS), is set to implement smart technology in the nation’s border towns to enhance cross-border trade and security. At the recent West Africa Border Security Week, Comptroller General of the NCS, Mr. Adewale Adeniyi, highlighted the evolving nature of border security, noting its […]

NAIRA DEPRECIATES TO N1,640 PER DOLLAR IN PARALLEL MARKET

Business News

< 1 mn read The Naira depreciated to N1,640 per dollar in the parallel market yesterday, compared to N1,620 per dollar on Wednesday. In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira also depreciated to N1,639.41 per dollar from N1,625.88 per dollar the previous day, reflecting a depreciation of N13.53. Data from FMDQ indicated that the indicative exchange […]

AGRICULTURE SECTOR EXPERIENCES DECLINE IN GROWTH AND ECONOMIC CONTRIBUTION

News

< 1 mn read The growth and economic contribution of the agriculture sector saw a downturn in the second quarter of 2024 (Q2’24), largely due to ongoing security issues and conflicts between farmers and herders, as well as broader business challenges in the country. In Q2’24, the sector’s contribution to the Gross Domestic Product (GDP) fell to 22.61 percent, […]

LAGOS STATE HOUSE OF ASSEMBLY AMENDS 2024 BUDGET

News

< 1 mn read The Lagos State House of Assembly has revised the 2024 State Appropriation Law, setting the updated budget at N2,267,976,120,869. This amendment follows a request from Governor Babajide Sanwo-Olu, dated August 9, 2024, in response to rising inflation and unforeseen needs. The changes are as follows: Recurrent expenditure has been decreased from N952,430,566,998 to N935,377,028,422. Capital […]

IPOB ALLEGES SECRET DETENTION CENTRES AND HUMAN RIGHTS ABUSES

News

< 1 mn read The Indigenous People of Biafra (IPOB) has claimed the discovery of secret detention centres allegedly used by Nigerian security forces to hold and mistreat Biafra activists. The group, through its Media and Publicity Secretary Emma Powerful, has called attention to alleged human rights abuses, including torture, organ racketeering, and forced disappearances occurring in these facilities. […]

19 ABDUCTED IN SEPARATE ATTACKS IN KADUNA STATE

News

< 1 mn read In two separate incidents, bandits have abducted a total of 19 individuals in Kaduna State, causing alarm in the affected communities. In Mani community near a factory in Rido Ward, Chikun Local Government Area, bandits targeted three houses early Thursday morning. Among those abducted were a woman and her three children. A local source reported […]

RESIDENTS ALONG RIVER YEDZARAM IN MAIDUGURI FEAR FLOODING AS DAM OVERFLOW LOOMS

News

< 1 mn read Residents living along the banks of River Yedzaram in Maiduguri are growing increasingly anxious as the river has overflowed its banks. Compounding their concerns is the looming prospect of the Alau Dam, which is currently filled to capacity, being opened to release excess water into the river. The News Agency of Nigeria (NAN) reports that […]

MAY & BAKER TAKES HYPERTENSION AWARENESS TO LAGOS STREETS

Health News

2 mn read In anticipation of this year’s World Heart Day, May & Baker Nigeria Plc, a leading pharmaceutical company, has launched a hypertension awareness campaign across the streets of Lagos. This initiative aims to promote early detection and prevention of heart-related diseases. May & Baker emphasized the importance of regular health checkups, including blood pressure monitoring, as […]

NIGERIAN CORRECTIONAL SERVICE CONFIRMS NO MPOX CASES IN CUSTODIAL CENTRES

Health

2 mn read The Nigerian Correctional Service (NCoS) has confirmed that there are currently no cases of Mpox in any of its 256 custodial centres across the country. This announcement was made by Abubakar Umar, Assistant Controller of Corrections (ACC) and Service Public Relations Officer (SPRO), during an interview with the News Agency of Nigeria (NAN) on Friday […]

NIGERIA JOINS ICAO’S PUBLIC KEY DIRECTORY AND PUBLIC KEY INFRASTRUCTURE

News

2 mn read Nigeria has officially enrolled in the International Civil Aviation Organisation’s (ICAO) Public Key Directory (PKD) and Public Key Infrastructure (PKI), as announced by the Special Adviser to the Minister of Interior, Dr. Olubunmi Tunji-Ojo, through Mr. Babatunde Alao on Thursday in Abuja. This initiative aims to boost the global ranking of Nigeria’s international passport, facilitate […]

PARIS TO HONOR SLAIN UGANDAN OLYMPIC RUNNER REBECCA CHEPTEGEI WITH NAMING OF SPORTS VENUE

News Sports

< 1 mn read The city of Paris will pay tribute to the late Ugandan Olympic runner Rebecca Cheptegei by naming a sports venue in her honor, as announced by French capital’s Mayor Anne Hidalgo on Friday. Cheptegei, who competed in the women’s marathon during the Paris Olympics last month, tragically passed away from severe burns on Thursday. She […]

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