The President of the African Development Bank (AfDB) Dr. Akinwumi Adesina has stated it is time to revalue African thrifts based on natural resources. He stated this in an interview with the Voice of America (VOA) sequel to the global finance summit held in Paris which drew leaders from all over the globe. According to him, “I’ve…
In a world wavering on the verge of environmental catastrophe, one question lingers in the collective consciousness: Who killed the world? As we navigate the complexities of our troubled times, it becomes evident that two interconnected forces have played a climactic role in the destruction of our planet – human greed and rampant consumerism. Part…
The Ondo state government has persuaded residents on preventing diphtheria, saying everyone is at risk of being infected with the disease. In a statement issued on Monday in Akure, the state capital, the Special Adviser to Governor Rotimi Akeredolu on health, Dayo Faduyile, said the viral infection is a life-threatening infection caused by bacteria. According…
Senator Iyiola Omisore, the National Secretary of the All Progressives Congress, APC, has been replaced with the Deputy National Secretary, Festus Fuanter. This is just as the proposed National Caucus and National Executive Committee, NEC, meetings scheduled for July 18 and 19 have been put on hold. The new developments were declared openly by the…
Troops of the 192 Battalion Nigerian Army (NA), operating within the 81 Division Area of Responsibility, have successfully busted an international ammunition smuggling syndicate. The details of this feat from the army was contained in a statement on Monday, by Brigadier General Onyema Nwachukwu, the Director, Army Public Relations. Acting on actionable intelligence, the troops…
The Federal Airports Authority of Nigeria (FAAN) has begged and apologized for the hitches suffered over the weekend by airline operators with the diversion of flights to Lagos from Kano due to unserviceable runway lighting. In a statement, Director Public Affairs and Consumer Protection, Abdullahi Yakubu-Funtua said on Saturday July 15, the airfield maintenance team…
A former president of the Chattered Institute of Bankers of Nigeria (CIBN), Mr. Okechukwu Unegbu, has said that the Central Bank of Nigeria (CBN) will need to do everything within its power to get rid of indecent digital lenders, otherwise known as loan sharks, because they are dangerous to the economy. Unegbu, who stated this…
Exchange rate suffers as foreign schools rake in millions of dollars from Nigerians Adewale Segun (who insists on not being referred to by his real name) finally had his prayers answered, he had been admitted into the University of Southampton in the United Kingdom. Finally, he gets to join the legion of Nigerians who “Japa” for…
Effective subscriptions for the internet across mobile, fixed and VOIP networks in Nigeria rose to 159.5 million in May this year. According to the latest industry statistics released by the Nigerian Communications Commission (NCC), this represents an 8.6% growth when distinguished from the 158.2 million recorded in April. The NCC’s data reveals that the mobile…
Twitter’s Chief Executive, Elon Musk, said that the microblogging site recorded a 3.5% increase in active usage in the last week. Coming at a time Mark Zuckerberg launched the Twitter-like app, Threads, data released by Musk showed that Twitter was not affected by the hype of its new opponent platform which crossed 100 million signups…
Nigeria’s Super Falcons arrived Brisbane, Australia on Sunday morning for their final preparation ahead of the 2023 FIFA Women’s World Cup. The female players and their officials were met on arrival by the FIFA team and Nigerian community. Randy Waldrum’s girls are basedat the Sofitel Luxury Hotels, Brisbane. The Super Falcons stay there for two…
Super Eagles of Nigeria striker Taiwo Awoniyi was seen to have modeled Nottingham Forest’s new adidas away kit ahead of the 2023/24 Premier league football campaign. The kit was announced in a statement released on the Forest’s website. “Nottingham Forest has revealed its brand new adidas away kit ahead of the 2023/24 Premier League season,”…
The Federal Republic of Nigeria hasake do with its financial obligations to the African Union, AU by making full payment of its assessed contributions for the year 2023. The confirmation was made on Saturday by the Permanent Secretary, Ministry of Foreign Affairs, Ambassador Adamu Ibrahim Lamuwa, on the sidelines of the 43rd Ordinary Session of…
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…
