admin

Sanlam General Insurance Surpasses 2023 Revenue by 131% – MD Sanlam General Insurance, on Wednesday, said it surpassed its 2023 revenue budget of N13.5 billion by 131 per cent and income by almost 100 per cent. Mr Bode Opadokun said that the underwriter’s 2023 financial result had yet to be released due to the directive […]

Nigerian Bourse Rises by N165bn as FBNH, BUA Rally The Nigerian Exchange (NGX) equities market capitalisation climbed again on Wednesday as investors increased their interest in FBN Holdings and BUA cement stocks. Hence, the positive trading activities in the local bourse pushed market performance indicators upward by +0.30%. Although the market breadth was largely negative, […]

Senate Urges FG to Stop Planned Increase in Electricity Tariff via Subsidy Withdrawal Senate has urged the Federal Government to stop its planned increase of electricity tariff via the planned withdrawal of electricity subsidy. The upper legislative chamber made the call through a motion it adopted at plenary on Wednesday in Abuja. The motion was […]

Adeleke Launches N3.4bn Revolving Cooperative Loan Scheme Gov. Ademola Adeleke of Osun on Wednesday launched the “State Special Ward Level Cooperative Loan Programme”, with the aim of providing N3.436 billion revolving loan to cooperative societies in the state. Adeleke, while launching the programme in Osogbo, said the loan would be provided in three phases of […]

Peer-to-peer exchange, Binance, has capped the selling price of cryptocurrency stablecoin, Tether, on its platform even as it revealed its preparedness to work with Nigerian authorities. According to Binance in a blog post on its website on Wednesday, its P-2-P platform is market-driven and not for currency pricing in Nigeria. It said, “Binance provides a […]

The Federal Government said it has reviewed the commitments made with organised labour in the agreement signed on October 2, 2023. This was contained in a statement signed by the Minister of State for Labour and Employment, Nkeiruka Onyejeocha, on Wednesday. The Nigeria Labour Congress and Trade Union Congress had on February 8 issued a […]

President Bola Tinubu’s administration will relaunch the direct cash transfers to benefit 12 million Nigerians to tackle the current hardship in the country. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, disclosed this during the ministry’s retreat in Uyo, Akwa-Ibom state on Wednesday. According to Edun, the project which was initially […]

The Economic and Financial Crimes Commission, on Wednesday, declared the promoter of Sunrise Power and Transmission Limited, Leno Adesanya, wanted for “an alleged conspiracy and corrupt offer to public officers” in connection with the alleged $6bn Mambilla Hydroelectric Power Station fraud. This was as former President Muhammadu Buhari denied authorizing payment of settlement to Sunrise […]

President Bola Tinubu has appointed Ibrahim Khalil Gaga as Executive Director, Corporate Services, at the Nigerian Export-Import Bank (NEXIM). According to a statement on Wednesday by Special Adviser to the President on Media and Publicity, Ajuri Ngelale, President Tinubu expects the new appointee to come to his new office with a lot of zeal and […]

Ohanaeze Ndigbo has called on President Bola Tinubu to dismiss terrorism charges against the leader of the Indigenous People of Biafra, Nnamdi Kanu, as done to a Yoruba activist, Omoyele Sowore. The apex Igbo socio-cultural organisation made the appeal in a statement signed by it’s Secretary General, Mazi Okechukwu Isiguzoro on Wednesday. According to Isiguzoro, […]

Former Head of State General Yakubu Gowon (Rtd) has appealed to Nigerians to be patient with President Bola Tinubu’s administration, saying it is too early to expect perfect results yet. Gowon spoke on Wednesday to journalists at the State House after a meeting with President Tinubu, declaring the government was doing its best to find […]

The Labour Party (LP) has decried the arrest of its national chairman, Barrister Julius Abure, by a combined team of police officers and operatives of the Department of State Security (DSS) on Wednesday in Benin, Edo State. The national publicity secretary of the party, Obiora Ifoh, in a statement, shortly after videos of his arrest […]