News

President Bassirou Diomaye Faye Bassirou Diomaye Faye (44) has been sworn in as the new president of Senegal. The inauguration took place on Tuesday in the presence of hundreds of international delegations and African leaders including Nigeria’s President Bola Tinubu. “Before God and the Senegalese nation, I swear to faithfully …

The Joint Admissions and Matriculation Board (JAMB) has uncovered at least 1,665 fake A’ level results during the 2023 Direct Entry registration exercise. The Board also said the A’ level results verification regime was occasioned by the endemic corruption associated with the system and was intended to restore the integrity …

The Christian Association of Nigeria (CAN) had taken an offence on the advert, describing it as provocative and offensive, while it demanded an apology from FIRS. The Federal Inland Revenue Service (FIRS) has apologised to Christians over its Easter message advertisement considered as trivialising the Christian religious belief. The tax …

The International Finance Corporation (IFC) has announced a $1.25 billion financing support for Indorama Eleme Fertiliser and Chemicals Limited, Nigeria. The investment will allow Indorama to ramp up its fertiliser production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while …

Nnamdi Kanu (middle) ..Says SEDC Bill At Conference Committee Stage Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu has revealed that frantic efforts are ongoing to secure the release of the leader of the Indigenous Peoples of Biafra (IPOB), Mazi Nnamdi Kanu. He said that while the court …

The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has said it welcomed the release of the circular of the Central Bank of Nigeria (CBN) on the banking sector recapitalisation. Recall that at the first announcement of the planned recapitalisation by the CBN Governor, Dr. Olayemi Cardoso, ACAMB, …

Dauda Lawal, governor of Zamfara state, says his administration never borrowed N14.26 billion as disclosed in the Debt Management Office (DMO) report. According to him, the debt reported by DMO was part of the proceeds from a N20 billion loan floated by the previous administration in the state. The governor disclosed …

A video of the incident seen captured the moment some of the shop owners were mourning as they watched their properties destroyed by the fire. Several shops were razed by a fire outbreak which started in the early hours of Tuesday at Owode Market in Offa, Kwara State.  A video …

Electricity Grid Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms …

  The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. …