NewsDirect

NewsDirect

Naira devaluation causing major impact on MTN finances

On Wednesday, MTN Group, Africa’s leading telecommunications company, announced it is set to record a half-year loss due to the devaluation of the Nigerian naira and operational challenges in Sudan. The company’s financial performance has been heavily impacted by these…

FG reports monthly fuel imports cost N2tn

President Bola Tinubu has revealed that Nigeria spends N2 trillion each month on importing petrol and diesel. In a recent nationwide address, Tinubu explained that despite Nigeria’s vast oil and gas resources, his administration inherited a situation where the country…

Nigeria lags in global passport rankings, placing 92nd

Nigeria is ranked 92nd on the Henley Passport Index, underscoring the difficulties its citizens encounter regarding international travel freedom. The index assesses countries based on the number of destinations their passport holders can access without a prior visa. It reveals…

PDP withdraws from Kebbi LG polls contest

The People’s Democratic Party (PDP), in Kebbi, has withdrawn from participation in the forthcoming Local Government Council elections slated for Aug. 31. The Chairman of the party in the state, Alhaji Bello Usman-Suru, made this known while briefing newsmen in…

Police nab six suspects for attempted murder

The Osun State Police Command has apprehended six individuals on charges of attempted murder, kidnapping, and armed robbery. The Command’s spokesperson, Yemisi Opalola, disclosed the arrests in a statement released on Wednesday in Osogbo. Opalola said the suspects were arrested…