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FCMB Group Sustains Growth Momentum, Profit Rises 192.6% in Q1 2024
FCMB Group Plc announced impressive first-quarter 2024 financial results, with profit before tax rising 192.6% Year-on-Year to…
Costal highway: Landmark Beach refunds customers after demolition
The management of Landmark Resort Beach says it has initiated the refund process for customers impacted by the recent demolition of portions of its properties by the Federal Government.
According to a statement posted on…
Wealthy people are leaving Africa for more favorable environments -Report
Every year African nations lose a large chunk of their high-net-worth individuals to the warm embrace of emigration, a new report has shown.
This is according to a recent report by Henley & Partners that shed light on…
Sanwo-Olu appoints KWAM1โs daughter as SSA
The Governor of Lagos State, Mr Babajide Sanwo-Olu, has appointed Basirat Damilola Marshall, daughter of Fuji maestro, King Wasiu Ayinde Marshall, a.k.a KWAM1, as his Senior Special Assistant on Tourism.
This was according…
States will pay only sustainable minimum wage, say Governors
Governors yesterday sounded a note of caution to workers against unduly high expectations from the minimum wage negotiations.
States will pay only implementable and sustainable wages, they said, but expressed commitment…
50 suspects arrested over Lagos market riots
Theย Lagos State Police Commandย has arrested over 50 suspects linked to the crisis that broke out in Ile-Epo area of the state yesterday.
It was learnt that the crisis was fueled by clashes between youths and hoodlums in…
Fuel supply: 9,000 marketers may lose licences, seek FGโs intervention
As Nigerians battle fuel scarcity, over 9,000 oil marketers are on the verge of losing their operating licences.
As a result, the Independent Petroleum Marketers Association of Nigeria is urging the Nigerian National…
Mother, son charged with $1 million fraud scheme
A 56-year-old Houston resident hasย been arrestedย following her indictment in a fraud scheme with her son in which they allegedly tricked an elderly couple out of over $1 million, announced U.S. Attorney Alamdar S. Hamdani.…
FG warns saboteurs as power generation rises to 4,800MW
The Federal Government says Nigeriaโs electricity generation has risen to 4,800 megawatts up from around 3500 in March.
This is as the government accused some โcartels and cabalsโ as those who did not want the power…
CBN worries over declining economic activities
The Central Bank of Nigeria has expressed concern over the declining economic activities in the country.
The CBN deputy governor of Corporate Services, Bala Bello, disclosed this in a statement published on the bankโs…
Naira weakens to 1,402/$ at official market on low liquidity
The naira, Thursday, fell to 1,402.11 per dollar, at the official foreign exchange (FX) market, from N1,390 quoted on Tuesday according to data by the FMDQ securities Exchange.
On Monday, the naira fell to 1,419.11…
Trapped in Escravos: 150m-litre vessels behind petrol scarcity
Seven daughter vessels carrying a combined total of 150 million litres of petrol trapped on the high sea at the Escravos channel, a key oil terminal in the Niger Delta, have been identified as the reason for…
NSA orders full implementation of cybercrimes Act 2024
The National Security Adviser, Mallam Nuhu Ribadu, has ordered full implementation of the Cybercrimes (Prohibition, Prevention, Etc) Amendment Act 2024.
The order also includes the operationalisation of the National…
Fresh concerns threaten installation process of Olubadan-designate
A twist to an ongoing peace pact between the Otun Olubadan, Rashidi Ladoja, a high chief, and other kingmakers, may further put the planned installation of the Olubadan-designate, Oba Owolabi Olakulehin on hold,…
DSTV Tariff Hike: Court Orders Lawyer To Paste Restraining Order At MultiChoice Office
The Competition and Consumer Protection Tribunal in Abuja, has ordered that its interim order, restraining MultiChoice Nigeria Limited from increasing the DSTV tariff, be pasted at the firmโs corporate headquarters, or any…
Why Some Nigerians Donโt Want Power Sector To Work โ Adelabu
Minister of Power, Chief Adebayo Adelabu, on Thursday stated that some individuals donโt want the power sector to work because of their selfish gains.
He lamented that despite the number of Ministers the sector has…
Kogi Ex-Governor Yahaya Bello Is Just Stubborn; His Govt Was Rough And Corrupt โ Edwin Clark
Elder statesman and national leader of the Pan-Niger Delta Forum, (PANDEF) Chief Edwin Clark, has stated that the disposition of Kogi State Governor, Ahmed Ododo, showed that his predecessor, Yahaya Bello, was still in…
Transcorp Group delivers impressive Q1 2024 performance; sustains revenue growth of 173% and PBT of…
Transnational Corporation Plc (โTranscorpโ or the โGroupโ), Nigeriaโs leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive…
We Wonโt Blame Buhari For Our Failures โ Shettima
Vice-President Kashim Shettima has stated that the current administration will not blame the administration of former President Muhammadu Buhari for the challenges it encountered after taking over.
Speaking during the…
Japa: Six easiest European countries for Nigerians to get work visa
The high cost of living, and insecurity have continued to push many Nigerians out of the country in search for a better life, which is popularly known as โJapaโ.
Among the countries that offer visas for Nigerians to…
Construction of coastal routes can strengthen naira โ FG
The Federal Government has hinted that the construction of coastal routes in Nigeria has the potential to attract foreign investment and contribute to a stronger naira.
The Minister of Works, Sen. Dave Umahi, gave the…
Charly Boy raises alarm over alleged attempt by Tinubuโs govt to arrest Peter Obi
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Musician and social critic Charly Boy, popularly known as Area Fada 1, hasย raised an alarmย over an alleged attempt to arrest the Labour Party presidential candidate in the 2023 elections, Peter Obi, by the Bola…
BREAKING: Police arrest mastermind of Abuja-Kaduna train attack
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Operatives of the Nigeria Police Force has arrested the alleged mastermind behind the violent assault on the Abuja-Kaduna passenger train in March 2022.
The Police Public Relations Officer, ACP Olumuyiwa Adejobi,…
Hoodlums burn down popular Lagos market
Some hoodlums have set some part of Ile-Epo market in Alimosho area of Lagos on fire following a clash during the early hours of Thursday, May 2, 2024.
It was gathered that a fight started in the market on Wednesday night…