News

Following Wednesday’s sale of a total of $150 million through foreign exchange, forex, forwards by the Central Bank of Nigeria, CBN, the naira slightly appreciated at the street market closing Thursday at N444 to the dollar. The naira at the close of the day went stronger than the N454 it …

The Nigerian Bottling Company, NBC, makers of Sprite and Fanta, has been given seven days by the Consumer Protection Council, CPC, to provide detailed information about the composition and all laboratory tests of the two products. The Director-General of the apex regulatory agency, Mrs. Dupe Atoki, who wrote to the …

The Economic and Financial Crimes Commission (EFCC) has said it still has plans to prosecute former Governors who embezzled funds. This was disclosed by the EFCC Zonal Head, South-South, Ishaq Salihu, in an interview on Saturday. Salihu insisted that they would not bow to external pressure in its anti-corruption war. …

Heritage Bank in partnership with Ruby Agu Fitness Trainer is set to promote the well-being and “Timeless Health” of Nigerian women. The Dance Aerobics session, which will be anchored by Ruby Agu, who is a certified Fitness Trainer, Weight Management Specialist and Wellness Blogger, and Tomi Oyesola, Heritage Bank’s Group …

Today, an unprecedented 65 million people around the world have been displaced due to conflict and disaster, the UN Deputy Secretary-General, Amina Mohammed, has said. Mohammed, who made the remarks at the “Solve at the United Nations” event on Tuesday, also said “there are 21 million refugees”. She said: “Half …

The Nigerian Deposit Insurance Corporation (NDIC) has declared that an ‎estimated three million Nigerians lost N18 billion in the Mavrodi Mundial Movement (MMM) ponzi scheme. This was revealed in Kaduna on Thursday by the Managing Director of the corporation, Umaru Ibrahim, while speaking at the NDIC day at the ongoing …

Our attention has been drawn to a malicious and untrue report trending online, titled, “Heritage Bank Should be Shut Down- Company Tells Court, CBN” and about the bank’s financial and liquidity condition that questioned the ability of the bank to honour its obligatory engagements with a customer, Geonel Integrated Services …

Mr Ibrahim Idris, the Inspector-General of Police, says the force will henceforth recruit no fewer than 10,000 personnel annually to enhance its operations. Idris disclosed this in Sokoto on Friday when he addressed officers and men of Zone 10 of the force in Sokoto, comprising Sokoto, Kebbi and Zamfara state …

Mr Ibrahim Magu, Acting Chairman of Economic and Financial Crimes Commission (EFCC), on Thursday told a committee of the House of Representatives that $9.2 million and 750,000 pounds were recovered from a residence in Kaduna state. Although he did not indicate precisely when the raid by EFCC operatives was carried …

The Indigenous People of Biafra, IPOB, has advised the All Progressives Congress, APC-led Federal Government to release its leader, Nnmdi Kanu or Nigeria will be plagued like the Biblical Egypt. Recall that Kanu, who was arrested by operatives of the Department of State Services, DSS, in 2015, has continued to …