Nigerian Breweries Plc, a prominent beverage company, has issued a notice of price change for its stock-keeping units (SKUs) with effect from August 10. The announcement, conveyed in a letter signed by the Sales Director, Ayo Lawal, cited the need … Continue reading Nigerian breweries implements price increase on products
The Federal Competition and Consumer Protection Commission (FCCPC) has taken action against 18 digital loan apps operating on the Google Play store without regulatory approval or in violation of the Limited Interim Regulatory/Registration Framework and Guidelines for Digital Lending, 2022. … Continue reading Federal government requests Google’s removal of 18 loan apps from play store
According to data from the Central Bank of Nigeria, the country’s external reserves declined by $167.2 million in July, causing the naira to further depreciate against the dollar. The reserves, which stood at $34.12 billion on June 30, 2023, dropped … Continue reading Nigeria’s external reserves decline by $167.2 million as naira continues to weaken
The Super Falcons secured their spot in the Women’s World Cup knockout stage with a goalless draw against the Republic of Ireland on Monday. Accumulating 5 points from two draws and one win, the Nigerian female team successfully advanced to … Continue reading Nigeria secures knockout stage qualification with goalless draw against Ireland
The President of the Catholic Bishops Conference of Nigeria (CBCN), Most Rev. Lucius Iwejuru Ugorji, delivered a homily expressing concern that the country is teetering on the brink of collapse following the removal of fuel subsidy without adequate measures to … Continue reading Nigeria on the brink of collapse – Catholic bishops
Osun State Governor, Ademola Adeleke, has been heavily criticized for allegedly showing nepotism and favoritism in his recent cabinet appointments. The Governor’s decision to appoint his sister-in-law, Mrs. Adenike Adeleke, as Commissioner for Federal Matters, and his eldest son, Tunji … Continue reading Adeleke’s apointments ignites opposition and public outrage in Osun State
The Adamawa State Government has made changes to the 24-hour curfew imposed by Governor Ahmadu Fintiri in response to the upheaval that occurred on Sunday. The curfew will now be in effect from 6 pm to 6 am, allowing free … Continue reading Adamawa government relaxes curfew throughout the state
President Bola Ahmed Tinubu is scheduled to address the nation on Monday, July 31, 2023, at 7 pm, as announced by his Special Adviser on Strategy, Communication, and Special Duties, Dele Alake. The broadcast, which will be aired on various … Continue reading Tinubu’s set to address Nigerians today
The Nigerian Content Development and Monitoring Board (NCDMB) revealed that Nigeria suffered a loss of more than $380 million prior to the enactment of the Nigerian Oil and Gas Industry Content Development Act in 2010. The Executive Secretary of NCDMB, … Continue reading Nigeria lost over $380 million before local content act – NCDMB
The World Bank Group has advised Nigeria to reduce the government’s borrowing from the Central Bank as part of its efforts to address inflationary pressure on the economy. During an economic review session at the Lagos Business School, the World … Continue reading World bank urges Nigeria to reduce government borrowing from CBN
Australian defender, Stephanie Catley, has lauded the Super Falcons team’s impressive style of play following their remarkable 3-2 win over The Matildas on Thursday. Catley, who captained the Australian side in the absence of influential captain Sam Kerr, admitted that … Continue reading Australia’s Catley admits Super Falcons’ counter attacks too good
The Corporate Affairs Commission (CAC) has announced its decision to remove 100,000 registered companies from its database due to their failure to file annual returns. Alhaji Garba Abubakar, the Registrar-General and Chief Executive Officer of CAC, made this disclosure during … Continue reading CAC Set to remove 100,000 companies from database
During the ongoing Russia-Africa Economic and Humanitarian Forum at the Russia-Africa Summit in St. Petersburg, Russian President Vladimir Putin pledged to strengthen relations with African countries, including Nigeria. He assured leaders from the continent that Russia was prepared to collaborate … Continue reading Nigeria and Russia commit to strengthening ties
Airtel Africa Plc has reported a loss of $151 million resulting from the harmonization of foreign exchange rates in Nigeria. The telecom company disclosed this information in its second-quarter report filed with the Nigerian Exchange Limited. The loss was primarily … Continue reading Airtel loses $151 million due to Nigeria’s FX rates harmonization
President Bola Tinubu emphasized the inclusion of Nigerians living abroad in the policy-making process, aiming to deepen democracy and garner support from the diaspora. Represented by his Chief of Staff, Femi Gbajabiamila, at the 2023 National Diaspora Day in Abuja, … Continue reading Tinubu pledges to engage diaspora Nigerians in policy implementation
The Independent National Electoral Commission (INEC) has clarified that it did not receive direct cash support from international development partners for the 2023 general election. INEC Chairman, Prof. Mahmood Yakubu, made the clarification during a meeting with Civil Society Organisations … Continue reading INEC denies direct funding from EU, U.S., and others for 2023 polls
Travellers in Nigeria are increasingly dismayed as airfares soar, making it difficult for them to pursue their desired trips. The fluctuating foreign exchange rates, following the decision to float the naira at the Investor’s and Exporters’ Window, have further exacerbated … Continue reading Passengers suffer as foreign airlines raise fares amid forex crisis
In the first quarter of 2023, Nigeria spent a significant sum of $1.04 million on healthcare services provided abroad, as revealed in the Central Bank of Nigeria’s quarterly statistical bulletin. This amount represented a notable increase of 40.54% compared to … Continue reading Nigeria’s medical tourism expenditure surges by over 40%
Financial analysts have made predictions regarding an impending increase in lending rates in Nigeria as the two-day Monetary Policy Committee (MPC) meeting commences. During the last MPC meeting, the Monetary Policy Rate (MPR) had already been raised to 18.5 per … Continue reading Economists predict lending rate hike ahead of MPC meeting
On Sunday, a tragic incident occurred in Ore, Odigbo Local Government Area of Ondo State, resulting in the death of at least 20 people. The unfortunate incident took place along the Benin-Ore-Sagamu Expressway when a petrol tanker overturned and spilled … Continue reading Tragic Ondo tanker claims lives of 20 fuel scoopers
The Nigerian Air Force (NAF) reported that they have successfully neutralized 22 terrorists operating in Batsari and Jibia local government areas of Katsina State. The operation, conducted on Monday, July 17, was carried out by the Air Component of Operation … Continue reading NAF airstrikes kill 22 terrorists in Katsina
Singer Davido has announced the disbursement of N237 million to orphanages across the country through his foundation. In a post shared on his Instagram page today July 20, Davido said the money was disbursed to four hundred and twenty-four orphanages … Continue reading Davido donates N237m to 424 orphanages across Nigeria
Over 1,000 cattle have been captured by troops from Operations Safe Haven (OPSH), responsible for security in Plateau State, for grazing on farmlands in the troubled Mangu Local Government Area. The OPSH Special Task Force intercepted the cows, along with … Continue reading Plateau security forces arrest 1,000 grazing cattle invading Mangu farmlands
In a recent interview with Evening Standard UK, Grammy award-winning singer Wizkid explained his reluctance to discuss politics in his music and interviews. He stated that the Nigerian masses are primarily concerned with meeting their basic needs and do not … Continue reading Wizkid reveals why he doesn’t get involved in Nigerian politics
The Kano State Government has announced that it will provide overseas scholarships to Persons Living With Disabilities in the state, as long as they meet the necessary qualifications. The State Commissioner for Education, Alhaji Umar Haruna Doguwa, revealed this as … Continue reading Kano state government provides overseas scholarships to persons with disabilities
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