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Daily Post
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Nigeria Sovereign Investment Authority announces 1122% income surge in 2023
The Nigeria Sovereign Investment Authority, managers of the country’s Sovereign Wealth Fund, has announced a 1,122 per cent increase in its total comprehensive income, which closed at N1.18 trillion for 2023, relative to N96.96 billion reported in 2022. This was contained in its 2023 audited financial results disclos...
Guardian NG
now
2 Views
Motorcycle fares increased by 2.55 per cent last month
On a year-on-year basis, the fare increased by 1.42 per cent compared to February 2023 (N461.28). For waterway passenger transportation, the average fare paid declined to N1, 395.81 from N1, 402.84, which indicates a decline of 0.5 per cent on a month-on-month. NBS in its Transport Fare Watch for February 2024 released...
Guardian NG
now
2 Views
Lagos police nab man over alleged manslaughter
It was gathered that Okpara was cohabiting with the late Patience. According to police source, the son of the deceased named Destiny has on March 26, at about 2:10.p.m., reported at Elere Police Division that on March 25, he received a phone call that Okpara, who is his mother’s supposed partner beat her, leading to ...
Guardian NG
now
2 Views
Kidnapped Kaduna students return to parents as Sani donates N10m to family of late teacher
He also announced the donation of N10 million to the family of the teacher who died in captivity due to health complications. The governor promised that his government would be providing scholarships up to the university level to the children of the teacher, Mallam Abubakar. Besides, one of the late teacher’s chi...
Within Nigeria
now
4 Views
Mother of 25-year-old graduate ''“ Waje boasts, celebrates daughter [VIDEO]
Expressing disbelief about being the mother of a 25-year-old university graduate, Waje asserted that she is breaking generational curses. Waje captioned the video, NEWS, MULTI MEDIA WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from Nationa...
Daily Post
now
9 Views
Tinubu at 72: You''re audacious leader – Buhari, Sanwo-Olu, Fubara, others hail Nigeria''s President
Former President Muhammadu Buhari, Governor of Lagos State, Babajide Sanwo-Olu, Siminalayi Fubara of Rivers State, and other dignitaries have hailed President Bola Ahmed on his 72nd birthday. Buhari, in a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, commended the sustained efforts by T...
The Sun
now
13 Views
CBN pegs Tier 1 banks'' recapitalisation at N500 billion, gives 2-yr deadline
Guardian NG
6min
11 Views
Power minister eyes CBN FX allocation to ramp up sector''s capacity
Amidst several challenges confronting the power sector, including limited access to critical resources, the Minister of Power, Adebayo Adelabu, has unveiled plans to liaise with the Central Bank of Nigeria (CBN) to prioritise foreign exchange (FX) allocation to the sector in ramping up its generating capacity. He revea...
Guardian NG
6min
6 Views
High expectations as Air Peace begins Lagos-London operations today
The pre-departure arrangements for the maiden flight, The Guardian learnt, will commence tonight at the Murtala Muhammed International Airport (MMIA), Lagos, for the departure scheduled for 12:10 a.m. on Saturday, March 30, 2024. Spokesperson of the airline, Stanley Olisa, yesterday confirmed that all was set for the i...
Guardian NG
11min
12 Views
Concerns for ''˜democracy'' sans viable opposition in Southwest
One of the consequences of the 2023 general election and its outcome is the decimation of already weak opposition parties. Ten months into the administration of President Bola Tinubu, opposition parties, especially in the Southwest, are yet to get their bearings, giving ruling parties a field day to implement unpopula...
Guardian NG
11min
10 Views
Community-driven police better than state police, says Shekarau
Shekarau maintained that community police would be better insulated from political influences and would be better controlled than state police due to the involvement of community and religious leaders. The former Minister of Education, who emphasised the importance of fostering a strong relationship between law enforce...
Guardian NG
11min
6 Views
Tinubu''s wife emerges Global TB Champion
Meanwhile, Kaduna State Government has recorded an improvement in TB detection, with the cases of patients in the state standing at 32,297 in 2023. Speaking at her investiture as the Global and National TB Champion, yesterday, in Abuja, Mrs Tinubu stated that ending TB by 2030 is not impossible with the active support ...
nairametrics.com
21min
14 Views
Bankers oppose exclusion of retained earnings in CBN recapitalization terms
However, in defining share capital, the Central Bank excluded retained earnings from the calculation. Instead, it specified that share capital comprises only the banks’ ordinary share capital and share premium. In accounting terms, retained earnings are considered a component of a company’s equity because t...
nairametrics.com
27min
6 Views
Uber allays riders'' fears over data sharing agreement with Lagos government
The company, whose drivers recently had issues with the State’s authority over the data sharing arrangement, said it is cooperating with the government to share data as earlier agreed. This has, however, raised concern among riders, who felt the government could be monitoring them through the data shared by Uber and ...
Daily Post
28min
12 Views
Tinubu''s Renewed Hope Agenda working in Abuja – Wike insists
Minister of the Federal Capital Territory, FCT, Nyesom Wike, has maintained that the Renewed Hope Agenda of President Bola Ahmed Tinubu is working in the nation’s capital. He stated this when he inspected the ongoing 7.3 kilometer Gaba-Tokulo road in Bwari Area Council, as well as the 5km temporary access road fr...
NTA
34min
13 Views
CBN Reviews Capital Requirement For Banks, Sets #500 Billion For Banks With International Authorization
The central bank of nigeria cbn has raised the capital requirements for commercial, merchant and non interest banks in nigeria, to maintain a safe, sound and stable banking system . In a circular sent to all banks and signed by director, financial policy and regulations department of the cbn, haruna mustapha indicates...
Within Nigeria
40min
11 Views
I've released 137 rescued Kuriga pupils to parents ''“ Gov Uba Sani
However, troops of the Nigerian Army and other security agencies rescued them and presented them to Governor Uba Sani on Monday, at the Kaduna Government House. On Thursday, the governor announced that he had handed them over the kids to their parents accompanied by other security agencies. In a post on his official Fa...
Within Nigeria
40min
7 Views
NCC Extends NIN-SIM Linkage Deadline
The first phase was on February 28, 2024, after NCC directed telecom operators to bar millions of subscribers for didn’t link their SIMs with their NINs. The third phase is slated to commence on April 15, 2024, as previously announced by NCC in December, 2023. However, the National Association of Telecommunicatio...
nairametrics.com
46min
11 Views
NAFDAC busts fake bottled water syndicate in Port Harcourt, Rivers state
The establishment disguised as a pool house and served as the hub for producing the fraudulent water. During the operation, authorities discovered that used Eva plastic bottles were being refilled with contaminated water sourced from a paint bucket. One suspect, identified as Chibunna James, was apprehended while in th...
nairametrics.com
46min
6 Views
Black out: Eko Disco announces system collapse of its power network
According to the statement, the system collapsed occurred around 16:28hrs (04:28pm). However, the company noted that it is currently collaborating with its partners to restore power across its area of operation. The statement reads, The Eko Distribution Company supplies electricity to the Southern parts of Lagos and th...
Daily Post
47min
15 Views
UCH: Patients, staff groan as power outage persists over accumulated debt
Patients and their relatives, as well as staff of University College Hospital (UCH) Ibadan are currently groaning over the total power outage in the hospital. DAILY POST reports that the tertiary health institution is currently experiencing total blackout as a result of the disconnection of the hospital from the nation...
Daily Post
56min
6 Views
ALGON BoT warns Lagos LCDA chairman against contempt of court
The Board of Trustees (BoT) of the Association of Local Governments in Nigeria (ALGON), on Thursday rejected the alleged move by the Chairman of Bariga Local Council Development Area (LCDA) in Lagos State, Kolade Alabi to act in disregard to pending court case on the association’s leadership tussle. The Chairman ...
nairametrics.com
56min
6 Views
Indorama to get $75 million from AfDB to boost fertiliser production
Email * Website Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME | © 2024 Nairametrics Login to your account...
Within Nigeria
1hr
11 Views
How Kuriga Children Played Significant Role In Rescue Efforts ''“ DHQ
Buba emphasized that the intense military pressure on the insurgents amplified the distress, facilitating the successful rescue of 137 schoolchildren on March 24. “Our armed forces remain resolute in their commitment to safeguarding citizens, evident in the recent liberation of hostages in Sokoto and Kaduna State...
Within Nigeria
1hr
6 Views
Labour Party (LP) Denies Ajaero and Ejiofor Membership, States Party Spokesman
Reports suggested that the LP’s BoT declared its assumption of party control, citing alignment with the LP constitution and intentions to oust Julius Abure. Under Ajaero’s leadership, the NLC contested Abure’s re-election, labelling the LP’s national convention as “illegitimate.” Ben...
Daily Post
1hr
7 Views
Federal Poly Offa students stage protest over SUG election, others
Students of the Federal Polytechnic, Offa, Kwara State, on Thursday, staged peaceful protest to demand the conduct of students’ union election. The gate of the school’s permanent site was closed, denying staff and students access. The protesting students demanded for students’ election before matricul...
Daily Post
1hr
11 Views
Amana, Ohanku: Ebonyi Govt begins demarcation of boundary communities
The peace committee set up by the Ebonyi State government led by the Commissioner for Land and Survey, Hon. Matthew Nwobashi, has kicked off the demarcation of boundary communities of Amana and Ohanku in Ezza South and Ikwo Local government areas, respectively. The State Commissioner for Land and Survey, Hon Nwobashi d...
Within Nigeria
1hr
8 Views
Why We Released 313 Terrorism Suspects In Borno ''“ Military
Buba further stated that the suspects were transferred to the Borno State Government for further action by the court’s order. Meanwhile, Operation Hadin Kai troops have achieved significant victories against Boko Haram and ISWAP terrorists, resulting in numerous casualties and the arrest of collaborators. “The ...
Within Nigeria
1hr
12 Views
Soldiers'' killing: Wanted Delta king turns self in
Before he submitted himself in to the police, the monarch spoke to journalists, reinstating his innocence in the matter. The Delta State Police Command spokesman, Bright Edafe, confirmed development. Recall that the Nigerian military had on Thursday declared Clement, a newly enthroned traditional ruler of Ewu Kingdom i...
Within Nigeria
1hr
6 Views
Buhari Celebrates Tinubu At 72
Buhari lauded Tinubu’s persistent endeavours to tackle the nation’s myriad issues, extending heartfelt birthday greetings and well-wishes for his continued contributions. “My family and I invoke divine blessings upon you for sustained health and happiness as you steadfastly labour for the advancement ...
Within Nigeria
1hr
12 Views
Akpabio Yet to Receive Ningi's Reinstatement Letter, Says Spokesperson
Ningi’s suspension came after a BBC Hausa interview where he alleged a N3.7 billion padding in the 2024 fiscal year budget, sparking a heated debate among Senators during plenary. Following the debate, Ningi was suspended for three months and instructed to tender an apology letter to the Senate. However, in a let...
Daily Post
1hr
7 Views
Data protection: NIMC''s licensees to face more scrutiny – NDPC
The Nigerian Data Protection Commission, NDPC, has said that following the reported incident of unauthorized NIN verification by expressverify.com, its investigation reveals that a third-party who, among others, was originally authorized to provide verification services to citizens and genuine businesses might have all...
Daily Post
1hr
15 Views
Merger looms as CBN raises capital requirements for banks in Nigeria
Bank mergers are imminent as the Central Bank of Nigeria, CBN, has raised minimum capital requirements for banks. CBN disclosed this in a circular signed by the Financial Policy and Regulation Department Director, Haruna Mustafa, and issued to all commercial, merchant and non-interest banks. The banker’s bank peg...
Daily Post
1hr
16 Views
Nigerian Newspapers: 10 things you need to know this Friday morning
Good morning! Here is today’s summary from Nigerian Newspapers: 1.Nationwide darkness hit Nigeria as the National Grid collapsed for the fourth time in 2024 amid the Easter Holidays. According to sources from electricity Distribution companies in Nigeria, the grid collapsed around 4:30 pm on Thursday. 2. Hoodlums num...
Within Nigeria
1hr
6 Views
Senator Barau Applauds Tinubu's Visionary Leadership on His 72nd Birthday
“I join Nigerians and admirers worldwide in celebrating the esteemed President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, His Excellency, Bola Ahmed Tinubu, GCFR, on his 72nd birthday today, March 29, 2024,” Senator Barau remarked. He commended Tinubu for being a beacon o...
Within Nigeria
1hr
11 Views
Foremost Islamic Scholar Urges Nigerian Leaders to Reduce Governance Expenses
Speaking at the inaugural Ramadan lecture of the Ma’sharul Al-Adabiy Al-Kamaliy Islamic and Arabic Institute in Ilorin, Ayara underscored the significance of leadership decisions, stating, “Posterity will judge every decision made by our leaders.” Addressing underlying issues to prevent recurring hardship...
Within Nigeria
1hr
15 Views
West African Rural Areas Access Only 10% Electricity, Reports ECOWAS
“While the overall access to electricity has shown improvement from 45% in 2019 to an average of 53% in 2023, rural areas continue to lag significantly with only a 10% access rate,” remarked Douka. Furthermore, Douka underscored the challenge of low intra-regional electricity exchanges, estimated at 9%. He ...
Within Nigeria
1hr
12 Views
UN Warns: Harsh Economy Could Plunge More Displaced Persons into Poverty
Addressing attendees at an Economic Summit in Abuja, Eyong highlighted the specific groups at risk, including women and girls living with HIV, women with disabilities, older women, indigenous peoples, refugees, displaced persons, and migrants. She cautioned that these groups face heightened poverty and exclusion if the...
Within Nigeria
1hr
14 Views
Jigawa: Man, 25, sentenced to life imprisonment for raping 10-year-old boy
Ali, who hails from Aukayawa Quarters in the Gwaram Local Government Area of the state, was sentenced after the judge found him guilty of the charges against him. Justice Ubale said prosecution had proved “beyond reasonable doubt†that he lured the victim and engaged in anal sex with him. To prove its case, the pro...
Guardian NG
1hr
6 Views
Glorification of Igho Natufe as an octogenarian
In other words, on Wednesday of this said day or date he was providentially admitted into the octogenary circle and cycle as a circler and cycler. This is no mean feat especially for a Nigerian who by choice is living all alone without his blood relations, wife or partner (?) and friends who are friends in a foreign la...
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