…Urges players to strengthen Nigerian banks with funding By Emmanuel Atokolo The Federal Government has revealed plans to revoke licenses of unutilized oil well owners. The Oil and Gas sector has in recent times been plagued with crises ranging from…
Reports reaching Nigerian NewsDirect on Tuesday revealed that the Naira appreciated against the dollar significantly in some segments of the parallel market. A Bureau de Change operator who spoke to NewsDirect said he was trading a dollar to naira for…
…Declares a final dividend of 60kobo per share Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5 percent growth in Profit Before Tax to N 124,26 billion. According to the results, which…
The Transmission Company of Nigeria (TCN) has revealed that power allocation to Distribution companies (DisCos) rose to 3155MW. The Commission was responding to news making the rounds that power generation on Thursday, April 11, 2024, dropped by 32.31 percent to…
…Inflation will come down soon — Bayo Onanuga The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 33.20 percent in March 2024. The NBS said this in its Consumer Price Index (CPI) and Inflation Report for March, which…
…Suspends ward leaders for six months for anti-party activities By Aminu Garko, Kano The National Chairman of the ruling All Progressives Congress (APC), Dr. Abdullahi Umar Ganduje has been suspended by executives of his ward in Kano State. The nine…
The Lagos State Police Command has confirmed the arrest of a Nigerian Army lance corporal, stationed with the 159 Battalion in Yobe, for allegedly stabbing a commercial motorcyclist in the abdomen. SP Benjamin Hundeyin, the Command’s spokesperson, verified the arrest…
The Senior Pastor of the Dunamis International Gospel Centre, Dr. Pastor Paul Enenche has apologised to Ms Anyim Veronica Nnenna over her testimony which he had earlier faulted as a lie on Sunday. There had been loud outcry by Nigerians…
…Receives congratulatory letter as Zonal Coordinator for APC South-West …South-West APC leaders back Lagos Governor as Zonal Coordinator Lagos State Governor, Mr. Babajide Sanwo-Olu, on Sunday said the All Progressives Congress (APC) in the South-West Zone will continue to work…
..Uncovers extensive fraud in COVID-19 funds, W’Bank loan, Abacha loot allocations …Vows crackdown on Naira abuse, reveals several celebrities are under investigation By Sodiq Adelakun The Economic and Financial Crimes Commission (EFCC) has made significant strides in its investigation into…
