Naira defence to cost CBN N1.01 trillion in interest rates from Q1 NTB auctions
The Central Bank of Nigeria’s (CBN) aggressive stance on the naira defence is projected to lead to an enormous interest payout, with the CBN set to incur approximately N1.01 trillion. This figure emerged from the…
President Faye of Senegal names ally, Ousmane Sonko, Prime Minister hours after inauguration
The newly elected president of Senegal, Bassirou Diomaye Faye, has appointed popular opposition figure and political ally, Ousmane Sonko, as prime minister barely hours after being sworn in as president. Sonko, 49,…
Dangote, Otedola, Abdulsamad, Adenuga only Nigerians in 2024 list of Forbes Richest people in the …
Forbes, the world’s most authoritative voice in wealth reporting, recently released its 2024 list with four Nigerians making the cut. Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola were the…
Why Bobrisky, others can’t be arrested – Police
The Nigeria Police has opened up on why the Force cannot arrest crossdressers in Nigeria. In an interview on Channels TV on Tuesday, the police spokesperson, Olumuyiwa Adejobi revealed that they cannot be arrested…
CAN Demands Apology From Tax Agency, FIRS Over ‘Offensive’, ‘Provocative’ Easter Message
The tax agency in its Easter season advertisement, said, "Jesus covered your debt, not your taxes." The Christian Association of Nigeria (CAN) has…
US, UK, Canada Express Anger, Demand Probe As Israeli Military Kills 7 Aid Workers In Gaza
U.S. Secretary of State Antony Blinken said Tuesday that the United States has urged Israel to promptly investigate an Israeli airstrike in Gaza that resulted in the deaths of…
Wike’ll Pay For Everything Destroyed, Even After Leaving Office, Estate Developer, Ukachukwu Vows…
The CEO of the SNECOU Group Limited, Chief Nicholas Ukachukwu, has vowed that the Minister of the Federal Capital Territory (FCT), Nyesom Wike, will pay for all his properties demolished in the Asokoro district…
How Bola Shagaya, third richest woman in Africa, made her wealth and raised six children
Bola Muinat Shagaya is a 65-year-old Nigerian businesswoman and fashion enthusiast. She is the third richest woman in Africa according to various publications. She is the founder and CEO of Bolmus Group International, a…
CBN raises Customs FX duty rate for cargo clearing by 2.1%
After a few days of sustaining a slash in theCustoms exchange duty rate, the Central Bank of Nigeria (CBN) has increased the exchange rate for computing Customs duties at the nation’s seaports by 2.1 percent. The Customs…
Tinubu approves FCT’s N1.1trn 2024 statutory budget
Nyesom Wike, the Minister of the Federal Capital Territory, (FCT has disclosed that President Bola Tinubu has approved over N1.1trn statutory budget for the 2024 fiscal year for the FCT. Wike, who disclosed…
FX market roars back to life with $1bn single-day trade
Turnover at Nigeria’s foreign exchange market jumped to the highest in a single day since 2017 on Tuesday, as a prolonged dollar shortage that has dampened economic activity for years gives way. Some $1.085 billion…
Lagos commissioner pays blind mother’s hospital bills after report
A Lagos State commissioner, who does not want his name in print, has cleared the delivery bills of a visually impaired nursing mother of twins, Agnes Forte, following a PUNCH report that she was stranded in the hospital.…
Cadbury suffers N19bn loss
The shareholders of consumer goods firm, Cadbury Nigeria Plc will get no dividend payment for the financial year 2023 as the firm suffered N19. 09bn loss after tax. According to its annual report and financial statements for…
Fake degrees: FG awaits probe report, threatens culprits’ arrest
The Minister of Education, Prof. Tahir Mamman, on Tuesday, said security agencies will go after individuals with fake university certificates in the country. According to the minister, the individuals will be tracked…
Five cheapest airfares from Nigeria to UK, US
BusinessDay reported last week that airfares from Nigeria to other countries have seen a significant drop, following the appreciation of the naira…
MTN Nigeria seeks shareholders’ input in capital loss management
MTN Nigeria has announced that it will hold an extraordinary general meeting with its shareholders on how to manage the capital loss it suffered in 2023. According to a corporate notice filed with the Nigerian…
Akinterinwa, Oke fume as Ondo APC elders endorse Aiyedatiwa
Ahead of the April 20 governorship primary of the All Progressives Congress in Ondo State, party elders, under the aegis of Ondo APC Aborigines, on Tuesday, endorsed Governor Lucky Aiyedatiwa as their preferred…
Diesel price drops as Dangote sells N1,225/litre, supplies petrol May
• Dealers get one million litres each at N1,225/litre, price drops in Oyo, Lagos, Ogun The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a few weeks…
FG plans for almost 300% increase in electricity tariffs soon- Report
The federal government is planning an almost 300% increase in electricity tariffs in the coming weeks in a bid to attract investment into the sector according to reports from Bloomberg. According to the reports,…
JUST IN: 30 abducted children safely released in Katsina
Thirty children, primarily girls, who were abducted by bandits in Kasai Village in Batsari Local Government Area of Katsina State have been safely released. The terrorists abducted the victims while they were gathering…
‘Very little to show for Nigeria’s huge debt’ – Peter Obi
Peter Obi, presidential candidate of the Labour Party in 2023, has expressed concerns over federal government’s excessive borrowings. In a series of tweets on Tuesday, Obi noted that the was little or nothing to show for…
Wike finally opens up on rift with Odili
FCT minister, Nyesom Wike, has finally opened up on the disagreement between him and former Rivers State governor, Peter Odili. Speaking with journalists in Abuja on Tuesday, Wike disclosed that he no longer has a smooth…
Soldiers kill 4 terrorists attempting to kidnap residents returning from church program in Taraba
Troops of the 6 Brigade Nigerian Army in Taraba state have neutralized five violent extremists, foiled kidnapping attempts and recovered a substantial cache of arms and ammunition. The troops, while acting on actionable…
Fireworks expected as Atiku returns to Nigeria ahead of PDP’s crucial NEC meeting
Ahead of the much-anticipated National Executive Committee (NEC) meeting of the Peoples Democratic Party (PDP), former Vice President and presidential candidate of the party in the 2019 and 2023 elections, Atiku Abubakar,…