The Nigeria’s external reserve rose by $5.15billion in 2021 to close at $40.52billion as of 31st December 2021, representing a 14.5% rise compared to $35.37billion recorded as of the end of the previous year. This is according to data obtained…
By Seun Ibiyemi The Nigerian Government is to service its debt with N3.6trillion and also projected to earn N10.7trillion for the 2022 fiscal year. The Minister of Finance, Zainab Ahmed disclosed this on Tuesday at the public presentation and breakdown…
The Board of Directors of Wema Bank has been authorized to raise capital of up to N40billion by way of a rights issue to the existing shareholders of the Bank by issuing two new shares for every three shares held…
Suspected armed robbers reportedly invaded an off campus hostel of students of the University of Ibadan (UI) around Barika area, Agbowo, injuring some of the inhabitants. The suspected robbers invaded the hostel in the Ibadan North Local Government Area of…
The Controller General, Nigerian Correctional Service (NCoS), Haliru Nababa, has commended the gallantry of the officers and men of Ile-Ife Custodial Centre for foiling the attempted jailbreak in the centre. This is contained in a statement by the Service’s Public…
The Nigeria Security and Civil Defence Corps (NSCDC), Sokoto State Command, has arrested four suspects over alleged kidnapping and banditry in the state. The State Commandant, Mr Muhammad Dada, made the disclosure while addressing journalists in Sokoto on Wednesday. According…
The Inspector-General of Police (IGP), Mr Usman Baba, has charged commandants of police colleges to mentor and ensure ethical standard in the training of recruits. Baba gave the charge on Wednesday in Abuja at a meeting with the commandants of…
Mr Sunday Alao, Chief Security Officer (CSO), University of Lagos, says partnering with the Nigeria Police has given the university an edge in tackling crime on campus. Alao made the disclosure in an interview with the Nigerian NewsDirect. He reacted…
The Organisation of Petroleum Exporting Countries, OPEC and non OPEC allies collectively known as OPEC+ have raised its output target by 400,000 barrels a day from February. The move had been broadly expected given U.S pressure to boost supply and…
The President, Major General Muhammadu Buhari (retd.), has appointed the Board and Management of the Nigerian National Petroleum Company Limited. This is in accordance with the power vested in him under Section 59(2) of the Petroleum Industry Act he signed…
