Bankole Taiwo, Abeokuta Residents of eight communities in Obafemi Owode Local Government Area of Ogun State are now heaving a sigh of relief, as the government is reconstructing a collapsed ring culvert built in 1955 by Chief Obafemi Awolowo, when…
By Kayode Tokede The Central Bank of Nigeria (CBN) has reported $865.4million total direct remittance in first quarter of 2021. This is 75.34 per cent decline over $3.51billion reported in first quarter of 2020. According to CBN, total direct remittance…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the country’s foreign reserves position sustained its decline, as outflows from the reserves outstripped inflows, dropping by $173.24 million in its week-on-week (w/w) performance to $34.74 billion on…
By Kayode Tokede Fitch, an international credit rating agency, has affirmed FBN Holdings Plc (FBNH) and its primary operating subsidiary, First Bank of Nigeria Ltd (FBN), at “B-” with a negative outlook. A ‘B’ rating indicate that “material default risk…
Historically, Ibadan South East Local Government can be described as the cradle of contemporary politics of Ibadan and the political centre of Ibadan with high number of youths which are sometimes used as tools of political violence, these youths can…
The National Emergency Management Agency (NEMA) has advised residents of Abule Osun near Festac Town in Lagos State to stop scooping diesel from a ruptured pipeline in the locality. Mr Ibrahim Farinloye, Acting Zonal Coordinator, South West Zonal Office, NEMA,…
Small and Medium Enterprise (SME) owners around the Port Harcourt Refining Company (PHRC) have expressed optimism that the rehabilitation of the refineries will enhance their businesses. Some of them on Thursday in Eleme urged government to ensure it does the…
Gov. Bello Matawalle has released N400 million as bursary allowance for Zamfara students in tertiary institutions within and outside the country. A statement issued on Sunday in Gusau, said that the governor had also settled the tuition fees of students…
By Blessing wika, Abuja The Nigeria Railway Corporation, NRC, has announced the arrest of two persons suspected of vandalising rail tracks along Kaduna-Zaria rail line. Northern District Engineer of the NRC, Mr. Haruna Sabo, made the disclosure in an interview…
By Kayode Tokede In an attempt to reduce the demand for foreign stocks in Nigeria, the Securities and Exchange Commission (SEC) is proposing tighter and stricter regulatory oversight and requirements for foreign stockbrokers in the country. The executive commissioner for…
