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Diaspora Remittances: FG To Issue $500m Security In August
Minister of finance and coordinating minister of the economy, Wale Edun, has revealed that the federal government in the next four weeks will begin the first issuance of its dollar-denominated security of $500…
Transcorp Power’s Revenue Hit N135bn In H1 2024
Transcorp Power Plc (Transcorp Power), one of the power subsidiaries of the Transcorp Group, recorded a revenue of N135.4 billion in Half-Year (H1) 2024, representing a 142 per cent year-on-year (YoY) growth from…
We won’t be part of the nationwide protest – TUC
Festus Osifo, president of the Trade Union Congress (TUC), says members of the labour union will not participate in the planned nationwide protest. There have been reports of a planned youth-led protest slated to…
CBN sells $148m to 29 authorised dealers in two days
The Central Bank of Nigeria (CBN) says it has sold foreign currencies worth $148 million in the Nigerian foreign exchange market (NFEM) to authorised dealer banks. In a statement on Friday, CBN said the foreign…
Adegboruwa Writes IGP, Notifies Him Of Planned Protest, Requests Police Coverage
A human rights activist Ebun-Olu Adegboruwa (SAN) has written to the Inspector-General of Police (IGP) Kayode Egbetokun to notify him of planned public meetings, rallies, and processions organised by a non-governmental…
BREAKING: Foreign mercenaries involved in planned protest – IG
The Inspector General of Police, Kayode Egbetokun, on Friday, said that intelligence at the disposal of the Force has revealed that foreign mercenaries are involved in the proposed nationwide protest. Addressing…
Obamas endorse Harris’ presidential bid
Former President Barack Obama and former first lady Michelle Obama threw their support behind Vice President Kamala Harris’ bid for the White House on…
We received only $2.7 billion loan from CBN for refinery in ten years – Aliko Dangote
The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that his company secured a total of $2.7 billion in loans from the Central Bank between 2013 to 2023 to finance the refinery. …
Subsidy is gone technically – Wale Edun
Responding to a question on whether the Federation Account was receiving proceeds from the Nigerian National Petroleum Company (NNPC) since the federal government had announced removal of fuel subsidy, the minister said,…
‘Nigeria is okay, you’re the one not hustling’ – Singer Portable on planned protest
Nigerian singer Portable has shared his views on the planned nationwide protest. Recall reports are rife about how various groups are organising a protest between August 1 and 10 to voice their discontent with the…
Naira down to N1,603.8/$ in NAFEM
The Naira yesterday depreciated to N1,603.8 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,603.8 per dollar…
FCT not available for protests, monarchs holding ceremony – Wike
The Minister of the Federal Capital Territory, Nyesom Wike, has said his administration will not allow the planned #EndBadGovernanceinNigeria nationwide protests scheduled to begin on August 1, 2024. The minister…
Dangote Cement reports pre-tax profit of N292.9 billion, to pay tax of N103 billion
Dangote Cement Plc posted a pre-tax profit of N293 billion in the 2024 half-year, reflecting a 22% year-on-year growth from the N239.9 billion posted in H1 2023. The group posted a revenue of N1.76 trillion…
Tinubu, Buhari, Southern governors, others mourn Iwuanyanwu
President: he will be remembered for his contributions President Bola Ahmed Tinubu, former President…
No place like home – Tinubu tells Nigerians abroad
President Bola Tinubu has urged Nigerians who relocated abroad to always remember that there is no place like home. He recalled that he once lived and worked abroad but returned home to contribute his quota to…
MURIC calls for immediate ban on anti-Muslim film
The Muslim Rights Concern has called for an immediate ban on a trending Nigerian…
Nigerian, Anthony Esan, charged after stabbing army officer in UK
A Nigerian has been charged after an army officer was stabbed near a barracks in Gillingham in Kent. Anthony Esan, 24, was arrested after the attack on Lieutenant Colonel Mark Teeton at around 5.55pm on…
Hardship protest: Police to seize tyres in vulcaniser shops
The Ekiti State Police Command has received orders to conduct raids on all vulcaniser shops within its jurisdiction and seize all unused…
Protest: Lagos Assembly asks Sanwo-Olu to convene stakeholders’ meeting
The Lagos House of Assembly on Thursday said everything must be done to avert impeding protest by a groups of…
Protest: PCRC warns against plan to attack Police formations
The Police Community Relations Committee (PCRC), has warned those planning to stage a nationwide protest on August 1, not to attack any police formations in the country. Its National Chairman, Alhaji Magaji…
Vehicle importation falls 60.8% in H1’24
•NPA records 4.3% dip in ship call•Container traffic declines 1.2%•Gross tonnage increased by 6.9% The number of vehicles imported into the country fell sharply by 60.4 per cent, year-on-year, YoY, to 10,991…
Ndume: Southern Borno women to storm N/Assembly naked
Following the removal of Senator Mohammed Ali Ndume from his position as Chief Whip and Vice- Chairman Senate Committee on Appropriation, due to his utterances against the present administration of President Bola…
RSG seals off ex-Rivers LGA chair’s building over violation of approval
The Rivers State Government has sealed off a five storey building belonging to a former local government chairman in the state for alleged violation of approved building plan. The building which is undergoing…
FG has exited Way & Means – Edun
The administration of President Bola Tinubu has exited Ways and Means (borrowing from the Central Bank of Nigeria) within one year, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun,…