The banking index closed the week on a negative statement to emerge as the worst-performing sectorial index with a loss of 14.32%. On a general note, the NGX All-Share Index and Market Capitalization devalued by 0.75% to close the week at 62,569.73 and N34.070 trillion respectively. Similarly, all other indices finished lower except NGX Oil…
The Imo State Governor, Hope Uzodimma, has boosted the minimum wage for workers in the state to N40,000, NewsBreakNaija has learned. The Governor, initially this year, had convinced the state of his willingness to pay the new national minimum wage of N30,000 but received the increment today. More details coming shortly….
The Chairman, of United Nigeria Airlines (UNA), Prof. Obiora Okonkwo has pleaded to the Nigeria Civil Aviation Authority (NCAA) to be more vigilant with the activities of oil marketers delivering Jet A1 (aviation fuel) to airlines in the sector. Okonkwo stated this over the weekend in Lagos following the serious incident encountered by Max Air…
The summer transfer window is now open, and teams from all over the world are working nonstop to enhance their squad, as players are also seeking new challenges in preparation for the upcoming campaign. Nigerian footballers are also part of the most sought-after players in the window. German-based, Transfermarkt, which provides footballing information on players across…
Nigeria’s crude oil income increased to over N1.68 trillion in June 2023 as the country shored up its output last month, according to an analysis of oil production figures released by the federal government. Data released by Nigeria Upstream Petroleum Regulatory Commission (NUPRC) on Thursday, July 13, 2023, showed that crude oil production rose to…
NIGERIA’S Labour Party (LP) in Lagos State has read a riot act to all aspirants jostling for the party’s ticket ahead of the Surulere Federal Constituency I bye- election, slated for August 19, 2023. The Lagos State Chairperson of LP, Pastor Dayo Ekong who read the act at a news briefing on Friday evening at…
Love is an intricate and captivating phenomenon that has been the subject of admiration, study, and discussion throughout history. It transcends cultural boundaries and defies definition, making it a topic of endless fascination. At its core, love encompasses a profound affection and deep emotional connection between two individuals, often resulting in a sense of euphoria…
The Nigeria Customs Service, Kwara State Area Command has derived the total sum of Six BillionTwo Hundred and Forty Six Million Four Hundred and Eighty-Five Thousand Eight Hundred and Twenty -Seven Naira Ninety -Seven kobo(N6,246,485,827.97) between April and June this year. Kwara State Comptroller of the service, Kehinde Ilesanmi stated this while speaking with Newsmen…
Standard Chartered Bank and Access Bank Plc (Access) have entered into treaties for the sale of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the approval of the respective local regulators and the banking regulator…
Access Bank Plc has reached an agreement to acquire the sub-saharan assistants of Standard Chartered Bank. In the acquisition deal, Standard Chartered will sell its shareholding in its subsidiaries in Angola, Cameroon, Gambia, and Sierra Leone to Access Bank as well as its consumer, private & business banking business in Tanzania. Standard Chartered announced last…
Banks and financial institutions are affected as the Competition and Consumer Protection Tribunal sitting in Abuja, has imposed the sum of N120 million fine against the Stanbic IBTC Bank to be paid into the tribunal’s account over failure to make a transfer for a customer. Without consideration on the outcome of the tribunal, the panel…
2022/2023 second placed Premier League Football Club Arsenal have announced the signing of Jurrien Timber from Eredivisie giants Ajax in a deal believed to be worth £40million. The young lad, Timber becomes Arsenal’s second signing this summer following the arrival of Kai Havertz from Chelsea. “Netherlands international Jurrien Timber has joined us from Ajax on…
The Committee in charge of Planning and execution of the Big Brother Naija (BBNaija) reality show have announced that a new edition titled “BBNaija All Stars will begin this month. It’s was released that the winner of Season 8 will walk away with a N120 million cash prize. The BB Naija organisers, at a briefing…
The First Lady of the Federal Republic of NIGERIA, Senator Oluremi Tinubu, has pledged to reach the grassroots in all the states of the Federation to uplift and ease the burden of Nigerians through her pet project, The Renewed Hope Initiative. Oluremi Tinubu said this at the Aso Rock Villa in Abuja, where she met…
The Central Bank of Nigeria has modified the tenure of executive directors (ED). Deputy managing directors (DMD), and managing directors (MDs) of Banks and Bank Holding companies. According to the approved guidelines seen by Nairametrics, the cumulative tenure limit of directors (ED, DMD, MD, and NEDs) on the Board of the same bank is twenty-four…
Momoh Oyarekhua, Chairman of CORAN, states that supporting modular refineries will grant Nigerians admission to cheaper fuel, eliminating various costs such as importing refined products and clearing fees. According to Oyarekhua, four modular refineries are functional in Nigeria, producing various petroleum products except fuel (PMS) due to the high cost of obtaining the required reformer….
Another High Court in Abuja has abolished the arrest, detention, and interrogation of the Suspended Central Bank Governor (CBN), Godwin Emefiele, by the Department of State Services (DSS). This is coming barely 24 hours after a Federal Capital Territory (FCT), Abuja, delivered a related judgment on the matter. Delivering Judgement, Justice Bello Kawu held that…
The Nigeria Civil Aviation Authority, NCAA is to commence the review of licenses of fuel suppliers to the airports across the country to ensure they meet its requirements and standards for safety. The review is coming on the heels of the discovery of fuel contamination on one of Max air aircraft Boeing 737 engine which…
The house of representatives, has approved President Bola Tinubu request for N500 billion to provide palliatives against fuel subsidy removal, the House of Representatives approved the request. The House on Thursday approved the request by amending the Supplementary budget, thereby granting the request by the president. It would be recalled that President Tinubu had in…
Governor Babajide Sanwo-Olu of Lagos State has said that the great literary giant and Nobel Laureate, Prof. Oluwole Soyinka, remains Nigeria’s pride, as he clocks 89 years. Soyinka, a respected 1986 Nobel Prize in Literature winner and the first sub-Saharan African to be honoured in that category, clocks 89 on Thursday, July 13. Sanwo-Olu, in…
Nollywood actress Funke Akindele has shared valuable advice for women, urging them not to rush into marriage due to societal pressures. In a recent interview with media personality Chude Jidenowo, she revealed her own experience and offered words of wisdom. Funke Akindele confessed that she had previously felt compelled to settle down and have children…
Young and junior doctors in England has commenced on Thursday July 13 a five day strike over pay and staff retention across the National Health Services (NHS). A whole lot of planned appointment will be delayed which will cause a major disruption for patients NHS chief says. The five day strike which started July 13,…
The Senate has commenced screening of the recently appointed Service Chiefs. President Bola Tinubu, had on Monday, June 19 appointed new service chiefs in the country. President Bola Tinubu had in a letter to the senate on Monday, requested that the Upper Chamber confirm the nomination of the Service Chiefs. Chief of Army Staff who…
A Federal Capital Territory High Court, Abuja, has ordered the Department of State Services (DSS) to charge the suspended Central Bank Of Nigeria Governor, Godwin Emefiele to court within one week or release him. The court gave the order during hearing in the fundamental human rights suit Emefiele filed to challenge his arrest and detention…
The President of Nigeria, President Bola Tinubu has reaffirmed to Nigerians of his commitment to making citizens’ lives better. The President re-echoed this assurance while receiving the Class of 1999 Governors, who called on him at the State House, Abuja. As the Governor of Lagos State at that time, the visit was nostalgic in nature,…
Nominees for the 16th Headies Awards were declared openly on Tuesday, with an interesting lineup of artistes set to battle it out for the award. Established in 2006, the Headies Awards recognise outstanding accomplishments in the Nigerian music industries. Heralded by fanfare and much anticipations and hot takes, the award show features performances from top…
Nigeria has been given a $500 million Eurobond says the Debt Management Office (DMO) In a press released made public in its twitter handle on Wednesday, the DMO re-affirmed that Nigeria was commitment to meeting her debt service obligations. According to the statement, the Eurobond was issued in July 2013 (as part of a dual-tranche…
President Bola Tinubu has written to the National Assembly seeking an amendment to the 2022 supplementary budget Act to allow the Federal Government to source N500 billion for palliative to cushion the impact of subsidy removal. The Speaker of the House of Representatives, Tajudeen Abbas, who read the president’s letter during plenary on Wednesday, said…
The National Security Adviser, Mr. Nuhu Ribadu, has said that the Federal Government is currently putting measures in place to amend the 2015 Cybercrimes Act to cater to issues originating from developing technologies such as AI. Ribadu disclosed this on Wednesday at a two-day conference by the Cyber Security Experts Association of Nigeria (CSEAN) in…
Cristiano Ronaldo’s Saudi club Al Nassr have been punished by FIFA over a transfer issue involving Super Eagles forward and captain, Ahmed Musa. Al Nassr have been banned by football body FIFA from registering new players going into the new season of the Saudi Arabia Professional League season. Al-Nassr refuse to pay Leicester City the…
Olalekan Ponle,popularly known as Woodberry, has been sentence to eight years and three months in prison by a United States district court. Woodberry, a close associate of Ramon Abbas, AKA Hushpuppi, was apprehended alongside him on June 10, 2020, in Dubai, United Arab Emirates. Hushpuppi pleaded guilty in 2022 and received 11-year prison term. Woodberry,…
