Nigeria’s Foreign transactions surge to N540.48bn in H1 2024 – NGX

The Nigerian Exchange Limited (NGX) says N540.48 billion worth of foreign transactions were recorded between January and June 2024. NGX disclosed this in its report on Wednesday titled, ‘Domestic & Foreign Portfolio Investment’. According to the firm, Nigeria’s foreign transactions increased compared to N145.08 billion reported in the first half (H1) of 2023. The report…

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Stop demarketing Dangote Refinery, Indigenous companies – MAN tells NMDPRA

Manufacturers Association of Nigeria, MAN, has warned the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, and other regulators in the country to stop demarketing Dangote Refinery and other local producers. Director-General, Mr. Segun Ajayi-Kadir of MAN disclosed this in a statement while reacting to the feud between Dangote Refinery and NMDPRA. “It is expected…

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NIPOST closes down five courier and logistics companies for operating illegally in Benin.

The Nigeria Postal Services (NIPOST) has taken action in Edo State by shutting down five courier and logistics operational offices for allegedly operating illegally and without the required licenses. Additionally, seven delivery motorcycles belonging to the operators were seized during the operation. Gideon Oludotun Shonde, the NIPOST General Manager overseeing the courier and logistics department,…

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Abia’s suspended Health Commissioner, Ngozi Okoronkwo, has stepped down from her position.

The suspended Abia State Commissioner for Health, Dr. Ngozi Okoronkwo, has submitted her resignation to Governor Alex Otti. This information was conveyed in a press release signed by Ukoha Njoku Ukoha, the Chief Press Secretary to the Governor. Governor Otti, upon accepting her resignation, expressed his appreciation for Dr. Okoronkwo’s service to the state and…

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Constituents express disappointment over Ondo lawmaker’s absence from Senate session.

Constituents of Ondo East and West Federal Constituency in Nigeria have expressed concern over the extended absence of their representative, Abiola Makinde, from Senate plenary sessions. A group known as Ekimogun Roundtable has taken action by writing to the Speaker and Clerk of the National Assembly. The letter, signed by Acting Secretary Christiana Ayodele, requests…

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Customs officials in Adamawa apprehend smugglers and confiscate 41,425 liters of petrol.

The Nigeria Customs Service’s Operation Whirlwind arm has intercepted smugglers operating around the international borderlines of Adamawa and neighboring Cameroon Republic, confiscating a total of 41,425 litres of petrol. The National Coordinator of Operation Whirlwind, Comptroller Hussein Ejibunu, revealed this during a press briefing in Yola, stating that nine vehicles used by the smugglers to…

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Federal Gov’t Slashes Allowances Of Stranded Nigerian Scholars Abroad

The Federal Government, through the Federal Ministry of Education, has slashed the allowances of foreign scholars who are currently stranded in Russia, Morocco, and Algeria, among others, by 12.7%. The government attributed the development to the current economic crises. It would be recalled that recently, Nigerian students studying in Russia, Morocco, Algeria, China, Hungary, and…

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You can’t pay your househelp or worker less than N70K – Akpabio speaks on how the new minimum wage applies to all

Following the passage of the new Minimum wage act by the Senate on Tuesday, July 24, Senate President, Godswill Akpabio, has warned that domestic staff and artisans must not be paid less than the mandatory N70,000 minimum wage. Speaking after the bill was passed, Akpabio said; ‘’If you are a tailor and you employ additional…

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Gabon’s President invites Dangote to explore investment opportunities in their country’s Cement and Fertiliser sectors

Gabon’s President has invited Africa’s richest man, Aliko Dangote to explore investment opportunities in their country’s Cement and Fertiliser sectors. This comes amidst his row with Nigerian authorities over the operation of his private refinery. The Dangote group shared a photo of Aliko with the Gabonian President and wrote; ‘’President/CE of Dangote Industries Limited, Aliko…

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Man United ‘are willing to sell seven players’ to raise funds for more new signings this summer

Premier League club, Manchester United are reportedly willing to sell seven players this summer to help raise funds for further signings before the end of the transfer window.  Erik ten Hag’s side have already splashed £88m this summer on the additions of striker Joshua Zirkzee and defender Leny Yoro. United are still hoping to sign the likes…

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‘I didn’t make any profit from Gwo Gwo Ngwo challenge’ – Brain Jotter

Popular Nigerian comedian and skit maker, Chukwuebuka Amuzie, professionally known as Brain Jotter, has reacted to the viral report about the potential exploitation of Mike Ejeagha’s 1983 hit song ‘Gwo Gwo Gwo Ngwo’. Reports shows that the song recently received renewed attention following the trending dance challenge originated by Brain Jotter. The video has been…

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‘My mom was a baddie’ – Davido

Afrobeats singer, David Adeleke, popularly known as Davido, has revealed that his late mom, Veronica Hailey Imade Adeleke, was a “baddie.” The ‘OBO’ crooner disclosed this while remembering his late mother in a recent post on Instagram. Sharing a picture of his late mom in her academic regalia, Davido wrote: “My mom was a baddie.”…

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NPFL U-17 camp opens in Abuja

NPFL U-17 camp opens in Abuja The Nigeria Premier Football League U-17 camp has opened in Abuja. Reports shows that the camp is aimed at grooming the players selected during the inaugural edition of the NPFL Youth League. The exercise will run for two-weeks at the Goodluck Jonathan Athletes Performance Hostel inside the FIFA Goal…

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