Organized Labor has issued a stern warning that it will initiate a complete, all-encompassing, and indefinite nationwide shutdown of Nigeria if the petrol pump price, currently at 617 naira, is increased once again, which they deem to be “illegal.” Joe … Continue reading NLC warns of fresh strike amid fuel price increase
The Central Bank of Nigeria (CBN) has revealed that it provided loans amounting to N40.67 billion to its staff members by the end of December 2022, as stated in its audited financial report for the same year. This marks a … Continue reading CBN staff loans surge by 113%, reaching N40 billion
The Nigerian stock market experienced a slight increase last week, driven by MTN Nigeria Plc and other banking stocks. Investors adjust investment portfolios This trend occurred as investors adjusted their investment portfolios based on evaluations of certain companies’ H1’23 earnings … Continue reading Nigerian stock market records marginal gain
The Lagos State Government has declared its intention to enforce penalties on traditional medical practitioners operating within the state if they do not register their facilities with the Lagos State Traditional Medicine Board (LSTMB). The Registrar of LSTMB, Babatunde Adele, … Continue reading Lagos govt. warns traditional medical practitioners to stay registered or face sanctions
Nigerian households and small-scale businesses looking to adopt eco-friendly energy solutions such as solar panels, batteries, and inverters can now access funding of up to N10 million through the FCMB Energy Finance Loan offered by the First City Monument Bank … Continue reading FCMB provides N10 million loan for clean energy to homes and small businesses
The closure of borders in the northern region due to the Niger coup has led to a weekly revenue loss of N13 billion for northern traders, as reported by Ibrahim Dandakata, the Arewa Economic Forum’s chairman. Livestock trading contribute greatly … Continue reading Northern traders lose N13 billion weekly due to Niger border closure
Reality TV star Cynthia Bailey from Real Housewives of Atlanta has expressed her concerns about finding love again at 56 years old. She has been through two divorces, first from restaurateur Peter Thomas after a seven-year marriage in 2017, and … Continue reading Cynthia Bailey worries about finding love again after second divorce
Leicester City’s Kelechi Iheanacho is attracting attention both from fans and rival clubs. The Nigerian striker has showcased impressive performance for the King Power club recently, notably forming a remarkable partnership with the iconic Jamie Vardy, making them arguably the … Continue reading Iheanacho dilemma puts Leicester in a tight spot
Operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) apprehended approximately five high-ranking officials from the Department of Farm Inputs Supports Services within the Federal Ministry of Agriculture and Rural Development. The arrests were made in connection … Continue reading Massive Fraud Probe: ICPC interrogates agriculture ministry officials
The recently disclosed financial statements from the Central Bank of Nigeria (CBN) have raised concerns about the reliability of the country’s foreign exchange reserves, leading to doubts about the CBN’s ability to support the value of the national currency, the … Continue reading Naira’s stability threatened by uncertain CBN reserves
Strong indications suggest that the cost of petrol at the pump could be primed for a third increase in just 10 weeks, based on insights gathered from oil marketers. This potential hike may occur sooner rather than later, driven by … Continue reading Petrol prices likely to rise again as import costs increase
President Bola Tinubu’s administration is projected to allocate around N187.32 billion this year to clear debts owed to local contractors, based on information uncovered reporter. These debts are documented as promissory notes within a report titled ‘Schedule of promissory notes … Continue reading FG plans to clear N187.32bn contractor debt by November 2023
Mark Zuckerberg, the CEO of Meta, has responded to Elon Musk’s recent details about their proposed fight, clarifying that he hasn’t yet agreed to the stipulations Musk mentioned. In a Threads post, Zuckerberg expressed his desire to involve Dana White … Continue reading Zuckerberg responds to Musk, prefers UFC to organize their fight
The Oyo State Police Command has apprehended a man named ‘Monday Chukwuka’ for allegedly selling his one-day-old granddaughter for N700,000. The arrest took place in Ibafo, Ogun State, following credible intelligence. The police received a report about the harvesting of … Continue reading Man arrested for selling one day old grand daughter
Co-hosts Australia achieved a remarkable milestone by reaching the Women’s World Cup semifinals for the first time after a breathtaking penalty shoot-out triumph against France at Brisbane Stadium. Following a goalless 120 minutes, the Matildas secured a 7-6 victory in … Continue reading Australia advances to women’s world cup semifinals with penalty shoot out win over France
The Indigenous People of Biafra (IPOB) has initiated a widespread distribution of flyers and posters across the South-East region of Nigeria, informing residents about the cancellation of the sit-at-home exercise. This move comes as the pro-Biafran group aims to convey … Continue reading IPOB distributes flyers declaring cancellation of sit at home exercise
Economists have outlined several strategies to counter the depreciation of the Nigerian naira and address the scarcity of US dollars. One key recommendation is to secure balance of payment facilities from multilateral institutions, which could inject foreign currency into the … Continue reading Economists propose strategies to increase Dollar supply amid Naira depreciation
Stakeholders at Green Growth Africa have highlighted the transformative potential of a multi-billion-dollar climate and sustainable economy initiative, coupled with a pledge of over $100 billion to Africa. These measures are seen as crucial to catalyzing the green economy, equipping … Continue reading Green economy and $100 billion climate pledge bring hope for youth employment
Barretts Bakery, a popular bakery chain based in Western Australia, has collapsed with a debt of $2 million, prompting administrators to urgently seek a resolution to rescue the business. The Australian Taxation Office is owed the substantial amount. Administrators took … Continue reading Australian Barretts Bakery burdened with $2m debt to ATO
Former Brazilian President Jair Bolsonaro is facing allegations that he received cash from the sale of luxury watches gifted to him by Saudi Arabia during his time in office, according to Brazil’s federal police. This accusation has further complicated matters … Continue reading Ex Brazilian president Bolsonaro accused of receiving cash from $70,000 Saudi gift
Around 10 Muslim worshippers have tragically lost their lives due to the collapse of Zaria Central Mosque in Kaduna State, Northwest Nigeria. Approximately 30 others have been admitted to hospitals for treatment of their injuries. Initially, reports on Friday stated … Continue reading Death toll climbs to 10, over 30 hospitalized in Zaria mosque collapse
Thevamanogari Manivel, a 41-year-old Malaysian residing in Melbourne, has admitted to recklessly handling the proceeds of a banking error that saw crypto.com mistakenly deposit $10.5 million into her Commonwealth Bank account instead of a $100 refund. Manivel indulged in a … Continue reading Spending spree after $10.5M crypto transfer mistake: Woman’s lavish lifestyle raises questions
Sam Bankman-Fried, the founder of FTX crypto platform, has been returned to prison less than two months before his impending fraud trial due to allegations of attempting to tamper with witnesses. The cryptocurrency magnate is facing charges of wire fraud, … Continue reading Crypto chief, Sam Bankman-Fried jailed following revocation of bail
A recent research paper from the Bank of Canada delves into the prospects of a cashless society within the nation and investigates the potential role of a digital central bank currency in addressing payment discrepancies. Digital currency could mitigate potential … Continue reading Can a digital currency in Canada bridge gaps in a cashless society?
Evicted BBNaija All Stars contestant, Princess Onyejekwe, has unveiled her main motive for participating in the reality show, emphasizing her desire to promote her business. Although she held some hope of winning the challenging N120 million grand prize, Princess remained … Continue reading Evicted BBNaija housemate reveals why she joined the show
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