The Federal Government on Tuesday inaugurated unit one turbine out of the four units turbines of the 700 Megawatts (MW) Zungeru hydro-electric power project in Wushishi area of Niger. Mr Goddy Agba, Minister of State for Power, disclosed this in…
A FITCH Ratings has predicted that Nigeria’s foreign exchange reserves would increase to $43 billion in 2022, as opposed the previous $40.5 billion witnessed at end-2021. The company also affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) at ‘B’…
A Non-Governmental Organisation, under the aegis of the Ogoni Liberation Initiative, on Sunday, urged the Federal Government to approve licenses for modular refineries, so as to reduce unemployment. Mr Douglas Fabeke, the President of the group, disclosed this in a…
Bankole Taiwo, Abeokuta At least eight people were said to have been killed on Monday in Sagamu during rival cult groups clash, allegedly involving Eiye Confraternity and Aye otherwise called Black Axe. The killings in Sagamu reportedly began on Sunday…
Operatives of Police Special Fraud Unit (PSFU) Ikoyi, Lagos, have arrested George Ewere, 62, and his wife for alleged cyber fraud involving N52 million. The Spokesperson of PSFU, SP Eyitayo Johnson, said in a statement on Monday that the suspects…
An Ile-Ife Magistrates’ Court on Monday, remanded one Tejumade Makinde, 37, for allegedly defrauding contributors of a thrift society of N1,913,900.00. The Prosecutor, Insp Adesina Elijah, told the court that the defendant committed the offences between January 2020 and March…
By Philemon Adedeji As the week opened yesterday, transaction on the Nigerian exchange limited (NGX) revealed decline of equities market which closed significantly on negative note amidst sell-offs and buy-interests as the benchmark All Shares Index (ASI) depreciated by 70.37…
The Securities and Exchange Commission (SEC) is set to collaborate with Ahmadu Bello University, Zaria in a bid to further deepen the Nigerian capital market. Director-General of the SEC, Mr. Lamido Yuguda stated this when the Vice-Chancellor of ABU Prof…
PZ Cussons Plc has released its 9-month financial result that ended February 2022, revealing a profit of N5.64 billion, representing a 455% increase from the prior-year period, as revenue grew by 24.27%. The period in review witnessed a wave of…
The Management of Flour Mills of Nigeria Plc has announced the appointment of Mr Bola Adeeko as the Director for Special Projects, effective March 1, 2022. The company made the disclosure in a statement to newsmen on Monday in Lagos.…
