The Nigerian Electricity Regulatory Commission (NERC) says the new electricity tariff increase will not affect low-income areas with lesser energy supply. The commission was reacting to reports of the new increase in tariff from January 1. In a series of Twitter post, the NERC said the tariff for customers on …

Boss Mustapha, chairman of the presidential task force on COVID-19, says 731 of the 34,418 Batch B members of the National Youth Service Corps (NYSC) in 2020, tested positive for coronavirus. Speaking at the briefing of the task force on Tuesday, Mustapha said corps members across the country took COVID-19 …

Hours after the country hit its highest daily count with 1,204 COVID-19 infections, the Nigeria Centre for Disease Control (NCDC) has reported a new single-day record of cases with over 1,300 fresh samples confirmed positive. A total of 1,354 new cases were recorded across 20 states and the federal capital …

Lateefa Okunnu, judge of the Lagos state high court sitting in Ikeja, on Tuesday, convicted and sentenced Okey Nwosu, a former managing director, Finbank Plc, to three years imprisonment over N10 billion fraud. The Economic and Financial Crimes Commission (EFCC) had arraigned Nwosu alongside Dayo Famuroti, Agnes Ebubedike and Danjuma …

Zenith Bank Plc has announced the death of one of its directors, Prof. Oyewusi Ibidapo-Obe. According to a regulatory filing by the lender to the Nigerian Stock Exchange, the late professor joined the bank in 2016 as an independent non-executive director. The statement read in part, “He was a distinguished …

President Buhari The Federal Government has said it wants more micro, small and medium enterprises (MSMEs) to participate in its N75 billion economic recovery and stimulus programme in order to grow their respective businesses. Minister of Industry, Trade and Investment, Adeniyi Adebayo who made the request on Monday, called on …

The Lagos State Government has paid a huge sum of money to forensic experts to unearth the truth of what happened at the Lekki toll gate on October 20, 2020. This was disclosed by the Chairman of the Lagos State Judicial Panel on Restitution for victims of SARS and police …

The Nigerian Stock Exchange resumed trading in 2021 on a bullish trend with the All-Share Index surpassing the 41,000 mark, as investors continued to position ahead of full-year results and dividend declaration. Specifically, the All-Share Index inched higher by 876.67 points or 2.18 per cent to close at 41,147.39 from …

As part of the New Year celebration, the Chinwe Bode-Akinwande (CBA) Foundation, a non-governmental organization in Nigeria, has put smiles on faces of some widows in Nnewi, Anambra State. The event, which was held on Friday, January 1, 2021 had excited widows numbering over 55 going home with food-items and …

Fidelity Bank Plc said on Sunday that the organization will consolidate on its growth and achieve greater strides as Mrs Nneka Onyeali-Ikpe assumes office as managing director Onyeali-Ikpe becomes the fourth Chief Executive and first female to occupy the position since the inception of the bank in 1988. She succeeded …