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Six days after a violent clash between traders and military personnel, soldiers have continued to lay siege to Banex Plaza in the Wuse 2 area of Abuja. When our  correspondent who visited the market on Friday evening found soldiers across the plaza. Trouble started when thugs beat up some soldiers who had a disagreement with […]

The executive chairman of Ikwerre local government area of Rivers State, Samuel Nwanosike, has said he will not vacate office after the expiration of his tenure on June 17. Nwanosike said his decision was in obedience to the newly amended state local government law, which gave the council’s elected officials six-month extension if the state […]

The Central Bank of Nigeria (CBN) has banned street trading by Bureau De Change (BDC) operators, emphasizing the need for proper regulation to support the naira. “Street trading of foreign currencies is not allowed,” stated Blaise Ijebor, CBN’s director for risk management. “We don’t want BDCs operating under trees. They should have offices where customers […]

The Nasarawa State Judicial Service Commission, during its Regular Meeting held on May 24, 2024, made several key decisions to enhance the state’s judiciary. The Commission approved the appointment of Abdullahi Muhammad Lanze as the Deputy Chief Registrar of Area Courts, Sharia Court of Appeal, Lafia, effective immediately. Lanze previously served as the Chief Inspector […]

Rivers state governor, Siminalayi Fubara, has said that his administration and supporters will not dissipate their energy fighting with their detractors. He said they would rather work to set a higher standard of leadership and a new bar to improve the quality of life and socio-economic status of Rivers people. Fubara said his detractors were […]

Prime Minister of the United Kingdom, Rishi Sunak, has bowed to pressure from senior cabinet members over proposed changes on Student Visa scheme. Rishi Sunak had earlier planned on shortening or scrapping the period of time foreign students could stay in the country after completing their studies. Reports had suggested he planned on either shortening […]

Nigeria Requires N35bn to Restart Ajaokuta Light Steel Section -Minister The Federal Government says it has reached an advanced stage of raising more than N35 billion required to restart the Light Mill Section (LMS) of the Ajaokuta Steel Company. The Minister of Steel Development, Prince Shuaibu Audu, said this at the Ministerial Sectoral Update on […]

Interest Rate Hike to Worsen Manufacturing Challenges – MAN DG Segun Ajayi-Kadir, Director General of Manufacturers Association of Nigeria (MAN), says the recent decisions by the Monetary Policy Committee (MPC) will further exacerbate the challenges of the manufacturing sector. Ajayi-Kadir said the further tightening credit interventions and increasing loan costs would raise production costs, limit […]

NASCON Assures Shareholders Continuous Growth, Value Creation NASCON Allied Industries Plc has assured its shareholders of continuous growth and value creation in 2024. The Company gave the assurance at its 2023 Annual General Meeting held yesterday in Lagos. Speaking to shareholders, the Chairperson of NASCON, Yemisi Ayeni said “amidst the challenges in 2023, the Company […]

Jaiz Bank Falls 50% Below 52-Week High Jaiz Bank Plc market valuation dipped further on Thursday after the Islamic lender announced its 2023 and Q1-2024 earnings scorecard. Though profit came stronger, its shareholders appear to be unimpressed as the selling spree continues, causing the price to dip to N2 per share, 50% below its 52 […]

FCTA to Build 10,000 Low-income Houses – Wike The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says the FCT Administration will build 10,000 low-income houses for the poor in the territory. Wike disclosed this in Abuja on Thursday, during the Ministerial Sectoral Update on the performance of President Bola Tinubu’s administration in […]

Equities Investors Lose N85bn as Financial Stocks Decline Equities investors lost about N85 billion as financial services companies stocks plunged further due to selloffs in Tier-1 banks, and Insurance names in particular. According to data from the Nigerian Exchange (NGX), key performance indicators declined by 0.15% as funds shift based towards the fixed income securities.  […]