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…
Edited by Damilola Adeleke The Nigeria Civil Aviation Authority (NCAA) has decided to suspend the operations of all Boeing B737 aircraft belonging to Max Air, a domestic carrier. The suspension which was with immediate effect was communicated to the airline through a letter from the regulator seen by Nairametrics. The letter, dated July 12, 2023,…
Edited by Damilola Adeleke In a world where the top 5 billionaires on Forbes range from 52 to 92 years old, a group of young individuals have managed to achieve billionaire status before reaching the age of 30 years old. While many of them inherited their wealth, they are poised to become the next generation…
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,…
North Korea has fired a long ranged missile assumed to be an Intercontinental Ballistic Missile (ICBM) into Japan’s sea on Wednesday, July 12. This followed after Pyongyang threatened to shoot down recent US spy plane air raiding its territory. North Korean leader Kim Jong Un’s sister, Kim Yo-jong who made the accusation said if same…
Dangote Cement stock has become the most capitalized on NGX as market capitalization hits N6.15 trillion as investors react positively to the company’s statement of the Tranche I shares buyback program. The share price of the cement giant gained 9.27% to close trading today at N360.7 per share with a market capitalization of N6.15 trillion….
The President of the Federal Republic of Nigeria, President Bola Tinubu writes to the upper chamber house seeking the confirmation of the appointments of the Chief of Defence Staff and Service Chiefs. President of the Senate Godswill Akpabio while reading the message sent at the commencement of Plenary on Tuesday stressed that the actions was…
Apple supplier Foxconn has pulled out of a $19.5bn deal with Indian mining giant Vedanta to build a chip making plant in the country. The move comes less than a year after the companies announced plans to set up the facility in Prime Minister Narendra Modi’s home state of Gujarat. Some analysts saying that it…
The President of the Senate, Godswill Akpabio, has made public the formation of standing committees which are Appropriations, Public Accounts, Ethics, and Public Petitions and Establishment. Senator Solomon Adeola will be chairman for the Appropriations Committee, while Senator Ahmed Wadada will chairman for Public Accounts Committee, according to Akpabio, who spoke at Tuesday’s plenary session….
Not fewer than 86 people have been rescued from a boat by the Spanish coast guard following a swift search for migrants who had been missing at sea coast more than a week. The BBC reports that the rescued vessel have been 70 nautical miles (130km) south-west of the Canary Islands and was carrying people…
The President of the Federal Republic of Nigeria, Bola Ahmed Tinubu has returned to Nigeria after attending the two-day 63rd Ordinary Session of the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS) in Guinea Bissau. President Tinubu emerged as the new Chairman of ECOWAS less than 45…
Dangote Cement stock surges by 10% to hit 52wk high as the company declares a “share buy-back” program. Dangote Cement Plc shares have progressed 10% during today’s trading hours as the company announces the opening of the Tranche I shares buyback program. Nairametrics earlier reported that Dangote Cement had declared the commencement of the Tranche…
Popular Nigerian musician, Innocent Idibia, aka 2Baba, has told his attackers expecting his marriage to be “perfect” to revoke him and his wife, actress Annie Idibia, as their role model couple. 2Baba and Annie’s marriage has been beset by issues of cheating on the part of the singer as well as allegations of lack of…
Edited by Damilola Adeleke Stanbic IBTC Holdings recently announced new additions to its board as Directors Amongst the members are female members which are: Mrs Funeka Montjane, appointed as a Non-Executive Director of Stanbic IBTC Bank PLC. Joyce Dimpka and Mrs. Temitope Popoola were appointed as Non-Executive Directors at Stanbic IBTC Insurance Brokers Stanbic IBTC…
Edited by Damilola Adeleke Nigeria fascinated a sum of $222.3 million in portfolio investments into the equity market in the first quarter of 2023. This denotes a 4,472% rise from the unexpected past quarter, the 4th quarter of 2022. This data is coming from the National Bureau of Statistics Capital Importation report for the first quarter of the year. FPI…
