JEDC Spends N7.29bn on Prepaid Meters – MD
JEDC Spends N7.29bn on Prepaid Meters – MD Mr Abdu-Bello Mohammed, Managing Director (MD), Jos Electricity Distribution Company (JEDC), says that the company had procured prepaid metres at N7.29 billion…
Oando, Nestle, Banking Names Drive Midday Gain on NGX
Oando, Nestle, Banking Names Drive Midday Gain on NGX Buying interest in Oando Plc, Nestle Nigeria, banking names, and other supporting stocks is pushing the market capitalisation of the Nigerian…
Access Bank Controls 17% of Nigerian Banking Assets –Fitch
Access Bank Controls 17% of Nigerian Banking Assets –Fitch Access Bank controls 17% of Nigerian banking assets in 2023, details from latest ratings note by Fitch showed. In its latest…
Oil Slumps Despite Positive US Demand Outlook
Oil Slumps Despite Positive US Demand Outlook Despite a significant reduction in US stockpiles, as indicated by the Energy Information Administration’s (EIA) most recent report, crude oil prices continued to…
Food Crisis: Naira Purchasing Power Sinks as Prices Skyrocket
Food Crisis: Naira Purchasing Power Sinks as Prices Skyrocket Market prices of everything, including pepper, oil and onions have surged due to food supply crisis in Nigeria. People can barely…
C’River Paid N55bn Debt in 12 Months, Gov. Otu
C’River Paid N55bn Debt in 12 Months, Gov. Otu Gov. Bassey Otu of Cross River has said that since assumption of office on May 29, 2023, a total of N55…
Senate Proposes Bill To Strip CBN Of Interest Rate-Setting Power, Transfer Authority To New Coordinating Committee
The Senate has proposed a bill to strip the Central Bank of Nigeria (CBN) of its final decision-making power in setting interest rates. According to a copy of the bill…
Vehicles Trapped On Port Harcourt-Aba Expressway As Soldiers Block Border Over Biafra Day Protests
Many trucks, petroleum tankers and vehicles were reportedly trapped around the Oyigbo axis of the Port Harcourt-Aba Expressway in Rivers State on Friday. It was gathered that security operatives blocked…
Ogun CJ Releases Dates For 2024 Annual Vacation, Says Criminal & Urgent Cases To Be Heard During Court Recess
The High Court of Ogun State has announced its annual vacation for the year 2024. According to a notice issued by the Chief Judge, Hon. Justice (Dr.) M. A. Dipeolu,…
Huggies Maker Kimberly-Clark Exits Nigeria Amid Global Strategic Shift, Economic Challenges
Kimberly-Clark, the American multinational and makers of “Huggies”, has announced its decision to stop local manufacturing and sales operations in Nigeria. This marks the end of its 14-year presence in…