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Fidelity Bank Records A 120.1% Growth In PBT To N39.5 Billion In Q1 2024
In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn…
Why Roads Fail In Nigeria — FERMA
The Federal Roads Maintenance Agency (FERMA) said both major and minor road networks in Nigeria suffer from deterioration due to the absence of adequate maintenance funding allocated during budgeting for such roads.
The…
NIN-SIM linkage: MTN bars 8.6 million lines as NCC extends deadline
MTN Nigeria says it has fully barred a total of 8.6 million lines from the network in line with the directive of the Nigerian Communications Commission (NCC) on SIMs not linked to the National Identification Number (NIN)…
Government palliative purchases driving food inflation in Nigeria – Cardoso
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has said that government purchases of palliatives are a contributing factor to rising food prices in Nigeria.
During the latest Monetary Policy Committee…
SERAP threatens to sue Umahi over environmental and social impact assessment of Lagos-Calabar…
The Socio-Economic Rights and Accountability Project (SERAP) has threatened to sue David Umahi, the minister for works, over the environmental and social impact assessment of the ongoing Lagos-Calabar coastal…
BREAKING: NDIC increases deposit insurance coverage for banks, others
The Nigeria Deposit Insurance Corporation (NDIC) has increased deposit insurance coverage for all licensed deposit-taking financial institutions.
NDIC Managing Director/Chief Executive Bello Hassan announced this at…
BREAKING: EFCC, Cubana Chief Priest to settle out of court
The Economic and Financial Crimes Commission (EFCC) and celebrity barman, Cubana Chief Priest, have agreed to settle the naira abuse charge slammed against the socialite out of court, The Nation has learnt.
The…
Lagos-Calabar Coastal Highway: Umahi Lied Against Me – Peter Obi
Peter Obi has responded to Minister of Works, David Umuhi’s accusation against him.
David Umahi while reacting to Peter Obi’s criticisms…
Extradition papers for escaped Binance executive ready – Interpol
The International Criminal Police Organization for Africa (INTERPOL Africa) says they have completed the extradition papers for Nadeem Anjarwalla, Binance executive who fled detention in Nigeria.
According to…
BREAKING: Riot In Idimu As Police Task Force Reportedly Kills Primary School Pupil
There is an ongoing riot situation in Idimu area of Lagos state after police task force reportedly killed a primary school pupil who was trying to cross.…
Pay Us N615,000 Minimum Wage Or Face Showdown – Labour tells FG
The organised labour yesterday urged the federal government to increase the minimum wage to N615, 000.
It said this was in line with current economic realities in the country, including the steep rise in prices of…
I’ll be among first to implement new minimum wage — Uzodimma
The Imo Governor, Hope Uzodimma on Wednesday said his government would be among the first to implement the new minimum wage anytime the tripartite committee and the federal government agree on the issue.
Uzodimma stated…
Malaysia-based Nigerian fraudster jailed in U.S. after extradition for $6.3 million online scheme
A federal jury in New Haven, Connecticut, convicted a Nigerian national today for operating a business email compromise scheme out of multiple countries, including the United States.
According to court documents and…
Obi will bring judgment upon himself, misleading ignorant Igbos against Tinubu – Umahi
Minister of works, David Umahi, berated Peter Obi of Labour Party for inciting ignorant Igbos against President Bola Tinubu’s government.
He added that Mr Obi brought judgment upon himself by criticising Mr Tinubu over a…
Banks close 2m accounts over BVN, NIN, others
…Record 4m inactive bank account
Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean…
Sanwo-Olu spent N1bn to hire helicopters in one month — Rhodes-Vivour
The 2023 governorship candidate of the Labour Party in Lagos State, Gbadebo Rhodes-Vivour, has accused the State Governor, Babajide Sanwo-Olu, of spending over Nibn on helicopter…
London sword attack suspect charged with murder of schoolboy
UK police named a 14-year-old boy killed in a sword attack in London this week as Daniel Anjorin and said the suspect will face murder and other charges over the violent rampage.
The teenager died on Tuesday morning…
Lagos-Calabar highway: FG faults Landmark title, begins N2.7bn compensation payment
The Minister of Works, David Umahi, has faulted Landmark Group shoreline’s title, stating that the shoreline never belonged to the property company.
He faulted Landmark Group shoreline’s title at a stakeholder…
‘Sister I was raised in the village, me I no dey hear phoné – Minister of Works Dave…
Minister of Works, Dave Umahi is trending online over his exchange with Arise TV correspondent, Laila Johnson, during a media session today, May…
Biggest mess created in 2023 was devaluation of naira – Dangote
Chairman of Dangote Industries Limited, Aliko Dangote has said that the devaluation of Naira created the biggest mess for the company in 2023.
Speaking…
New Minimum Wage Will Take Effect From May 1, 2024 – FG
The Federal Government says although the Tripartite Committee On National Minimum Wage is yet to conclude its negotiations, workers will not lose anything as the new minimum…
FCMB Group Records 186% Profit Growth, Proposes 50k Dividend
For the year ended December 31, 2023, FCMB Group Plc grew deposits, loans, assets under management, revenue and earnings and improved its environmental, social, and corporate…
AI can solve Nigeria’s electricity problems – Female engineers tell Adelabu
The Association of Professional Women Engineers of Nigeria (APWEN), has called on the Federal Government and the Minister of Power, Adebayo Adelabu, to use Artificial Intelligence (AI), to address the challenges of the…
Lagos Assembly Begins Auditing Of 57 LGs/LCDAs
In a bid to ensure transparency and accountability in the management of funds, the Lagos House of Assembly has commenced an audit exercise for all 20 Local…