The Central Bank of Nigeria (CBN), in collaboration with the Bankers Committee, has begun its sensitisation and public enlightenment in Kano markets, to enhance the adoption of eNaira. The team, comprising CBN staff and representatives of some commercial banks, took…
Nigeria’s Parallex Bank Ltd. has received $10 million trade finance facility from the African Export-Import Bank (Afreximbank) for Small and Medium-sized Enterprises (SMEs). The Managing Director/Chief Executive Officer, Parallex Bank, Dr Femi Bakre said this in a statement on Wednesday…
Operatives of the Ogun State Police Command have arrested two suspected kidnappers of couple in Bisodun village in the Obafemi-Owode Local Government Area of the state. The police spokesperson in the state, SP Abimbola Oyeyemi disclosed this in a statement on…
By Sodiq Adelakun The Police on Wednesday arraigned a 40-year-old man, Titus John, in an Ota Magistrates’ Court in Ogun State for allegedly stealing 15 litres of diesel valued at N12,975 belonging to his employer. The Police charged John, whose…
By Sodiq Adelakun The Lagos State Police Command has arrested a 27-year-old man of Railway Ijora Badia, for allegedly defiling a nine-month-old baby. The Command’s spokesperson, SP Benjamin Hundeyin, confirmed the arrest to journalists in Lagos on Wednesday. Hundeyin said…
By Sodiq Adelakun The Police in Lagos State, on Wednesday, arraigned a 46-year-old man, Friday Efebe, who allegedly beat up his wife, leaving her with a swollen face and a broken arm. Efebe, a commercial driver whose address is unknown,…
The World Bank says global gas flaring has fallen to the lowest level since 2010. This is contained in a statement issued by the World Bank, a copy of which was obtained by Nigerian NewsDirect on Wednesday. The bank said…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has raised alarm over the high level of non-compliance to its regulations in the retail outlets of the energy sector. The Executive Director, Health, Safety, Environment and Community (HSE&C) of NMDPRA,…
South-East Amalgamated Markets Traders Association (SEAMATA) has passed a vote-of-confidence on the Enugu Electricity Distribution Company (EEDC). With the vote SEAMATA said it was sure that the electricity firm would deliver on the Memorandum of Understanding (MoU) the latter signed…
Nigerian Exchange Limited (NGX) has commended the Chairman, Geregu Power Plc, Mr Femi Otedola, CON, and the firm’s Board for instituting best practices in corporate governance and playing a leading role in the country’s power sector. This was at the…
