Ten consumer goods firms in Nigeria incurred a combined foreign exchange loss of N987.7 billion last year on the back of naira devaluation, according to data compiled by BusinessDay. The firms are Cadbury Nigeria Plc, Nigerian Breweries Plc, Nestle Plc, Dangote Sugar Refinery Plc, ...

As part of activities set aside to commemorate the 2025 International Women’s Day, the President National Association of Nigeria Travel Agencies (NANTA), Mrs Susan Akporarie, will on Monday, challenge women for more involvement in the travels sector. At a virtual event organised by NANTA Lagos ...

By Francis Ugwu The Minister of Agriculture and Food Security, Senator Abubakar Kyari, says the Ministry will this week commence the distribution of 42,000 metric tons of grains across the 36 states of the federation, as approved by President Bola Tinubu. Kyari said the Ministry is working with ...

 Dahiru Hassan Kera reckons that NEDC has performed remarkably The recent passage of the bill seeking to establish a regional interventionist agency for the Southeast; the Southeast Development Commission (SEDC) has rekindled the debate of waste and reduplication of responsibilities that ...

The Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), has dispelled the claim that the ministry is planning to move a firefighting simulator out of the Nigerian College of Technology, Zaria to Lagos State. The minister in a statement by his special adviser on media and ...

The Nigeria Labour Congress, NLC, insisted yesterday that the only thing that would stop the planned nationwide strike over the hardship in the country was the federal government’s honouring of the agreement it had with labour. This was contained in the latest letter written to the government, ...

President Bola Ahmed Tinubu has taken both symbolic and structural actions to demonstrate his belief that the current high cost of government is not sustainable. The first was an announcement or executive order directing Ministries,Departments and Agencies (MDAs) to slash the size of official ...

The Federal Capital Territory Police Command has said it has arrested 15 suspects in connection with the vandalism of a warehouse belonging to the Federal Capital Development Authority in Abuja. The command’s Public Relations Officer,  SP Josephine Adeh, said this in a statement on Sunday ...

OPEC+ countries, spearheaded by Saudi Arabia and Russia, have decided to prolong the recent voluntary oil production reductions for an additional three months in an effort to push up prices, which have continued to be low amidst persistent geopolitical conflicts across Europe and ...

By Williams Anuku President Bola Tinubu on Sunday said his administration has zero tolerance for corruption, telling Qatari investors not to hesitate in reporting any of his officials that demand bribe when they decide to invest in Nigeria. Tinubu who is on a visit to Qatar, told the ...

By John Gabriel The National Emergency Management Agency, NEMA, has debunked reports that its warehouse in the Federal Capital Terrritory, FCT, was looted by residents on Sunday. It was reported that residents of the FCT on Sunday looted a NEMA warehouse, carting away bags of rice, beans and ...

John Okafor, better known to generations of Nigerians as Mr Ibu, is dead. The news, confirmed on Saturday March 2, 2024, has sent a ripple of grief through the nation, a testament to the indelible mark the comic actor left on the country’s cinematic landscape. Okafor was said to have died ...

…Urges AU, US, UK to help restore rule of law, ensure freedom for political detainees …Seeks trial of interim military leader for crimes against humanity Former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, on Sunday, strongly condemned the ...

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A cancer researcher and oncologist, Dr Omolola Salako, has warned oncologists about the negative consequence of chronic work stress which can affect healthcare professionals who are under constant pressure. ‘The People’s Oncologist’ as she is fondly called, while speaking with Youth Matters, ...

Committed to the vision of continuous innovation and leading in the Nigerian e-hailing space, Obi Cubana has unveiled Enviable Transport in Abuja, the federal capital territory on Friday. This is coming days after Enviable Transport took delivery of over one hundred units of hybrid ...

The Federal Government, on Saturday, said train services on the Port Harcourt to Aba route would commence operations by the end of March. The News Agency of Nigeria reports that the Port Harcourt-Aba rail project is part of the larger Port Harcourt-Maiduguri railroad project initiated by former ...

Darwin Nunez scored a 99th-minute winner to give Liverpool a dramatic 1-0 victory away at Nottingham Forest in the Premier League on Saturday. The striker returned from injury to net in the dying seconds at the City Ground to consolidate the Reds’ spot at the top of the standings. After the ...

A group, the Arewa Youths for Peace and Security has demanded swift action and arrests in response to the killings of 16 Fulani settlers last November in the Kwaku area of the Kuje Area Council, Abuja. Spokesperson of the group, Salihu Dantata Mahmud made the demand in a statement calling upon ...

Many subscribers to the MTN network in Nigeria are now stranded as the telecommunications giant disconnected their lines over failure to link their National Identity Numbers to their Subscriber Identification Module cards. This is coming after several warnings by the Nigerian Communications ...

The Zone 2 Police Command, Onikan, Lagos, has arrested a couple, a former soldier and a printer, for allegedly producing fake currencies. According to the News Agency of Nigeria, the police paraded the suspects, including the couple, aged 50 and 46, at the command’s ...

Two Canadian startups, Payfi and Passage, founded by immigrants themselves, are spearheading initiatives to facilitate the settlement process for international students in Canada. Martin Basiri, hailing from Iran, initiated Passage, while Seun Sanni and Philips Akinyele from Nigeria launched ...

The Minister of Interior, Olubunmi Tunji-Ojo, has charged the newly appointed Comptroller General of Immigration, Kemi Nanna Nandap, to take the protection of Nigeria’s borders as a top priority. He gave the charge at the decoration ceremony of the new Comptroller General of the Nigeria ...

By Ogaga Ariemu The Nigerian Government says it has settled N120 million out of the $1.3 billion gas debt that has kept the nation in an unresolved electricity supply challenge. The Decade of Gas Secretariat Director, Ed Ubong, disclosed this on Thursday at the ongoing 7th Nigeria International ...

The Kano Zonal Command of the Economic and Financial Crimes Commission (EFCC) has apprehended thirteen individuals suspected of engaging in internet fraud. The arrests, according to information released on the anti-graft agency’s official X platform, formerly Twitter, took place in the Badawa ...

A non-governmental organisation, Corporate Accountability and Public Participation Africa, has recommended that the Federal Government raise the national tax rate on sugar-sweetened beverages from N10 to N130 per litre. The Research Associate, CAPPA, Fidelis Obadeyi, made the call during the ...

The Minister of Information and National Orientation, Mohammed Idris, on Thursday, assured Nigerians that the narrative on the current hardships would be different within the next one year. Idris spoke at the 50th anniversary lecture of PUNCH Nigeria Limited held at the Civic Centre, Ozumba ...

President Bola Tinubu, yesterday, frowned at the protest called by the Nigeria Labour Congress, NLC, saying his administration cannot be judged after just nine months in office. The NLC and the Trade Union Congress, TUC, on February 8, issued a 14-day nationwide strike notice to the Federal ...

The Nigeria Insurance Corporation has said that it has reimbursed depositors of 179 rested microfinance and four mortgage banks across the country. The Managing Director of the NDIC, Dr Bello Hassan, stated this at the NDIC Special Day during the ongoing 45th Kaduna ...

The NGX market capitalization witnessed a notable surge, as the value of listed equities soared by N390 billion, reaching N54.71 trillion by the close of the session. This follows a loss of N700 billion reported in the previous day’s trading as investors reacted to the outcome of ...

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Nobel Laureate Wole Soyinka has called for decentralisation in Nigeria, saying leaders should stop taking the country for a ride. The professor, who made the call on Thursday during the 50th-anniversary lecture of PUNCH Nigeria Limited in Lagos, said Nigeria requires decentralisation to ...

President Bola Ahmed Tinubu on Thursday criticised the recent protest by the Nigeria Labour Congress (NLC), cautioning the Labour movement to know that it is not the only voice of Nigerians. The labour union, on Tuesday, embarked on a street protest across the country over the level of hardship ...

The Lagos Red Line Rail Project, inaugurated recently, represents a significant step in improving intra-city transportation, reshaping the urban landscape and setting a new pace for development Governor Babajide Sanwo-Olu emphasised that beyond enhancing mobility, the project aims to reshape ...

In the words of the former Secretary-General of the United Nations, Kofi Anan, extreme poverty anywhere is a threat to human ... source

Mohamed Salah will join Jurgen Klopp in quitting Anfield this summer according to a former teammate of the Liverpool star, who claims “contracts have been signed” over the superstar’s next move. The Egyptian attacker is widely regarded as one of the best players in the Premier League, ...

• Maida urges telephone users to take NIN-SIM linkage seriousThe deadline for the linkage of subscribers Identification module (SIM) cards to National Identification Number (NIN) ended yesterday as directed by the Federal Government through ...

By John Owen Nwachukwu Presidential spokesman, Bayo Onanuga, has said that if not stopped, cryptocurrency trading website, Binance will destroy the Nigerian economy. He said the website would do this by arbitrarily fixing foreign exchange rate. Onanuga said this when he appeared on Channels ...

By John Owen Nwachukwu The Nigerian Communications Commission, NCC, has issued a directive to telecom service providers to bar subscribers who have failed to link their phone numbers to their National Identification Numbers (NIN) on or before February 28, 2024. The Executive Vice Chairman of the ...

There was palpable tension in Iguomo and Ikhueniro communities of Orhionmwon Local Government Area of Edo State, along the Benin-Asaba Road Wednesday evening as irate Hausa youths protested the shooting of one of them to death. Vehicular movements were forcibly halted by the development for ...

Six suspects have been arrested over the murder of popular South African rapper, Kiernan Forbes, better known as AKA. DAILY POST reports that AKA was shot dead alongside his friend outside a restaurant in the coastal city of Durban in February 2023. AKA and his best friend, Tebello ‘Tibz’ ...

The Coordinating Minister of Health and Social Welfare, Prof Muhammad Pate, on Wednesday, disclosed that the Federal Government had enrolled about 750,000 Nigerians into the National Health Insurance Scheme. Pate stated this at the third edition of the ministerial press ...

The Manufacturers Association of Nigeria (MAN) has asked the Central Bank of Nigeria (CBN) to work towards reducing the number of Bureau De Change (BDC) operators and develop a sustainable framework to guide credit intervention to the manufacturing sector.   The group made the call through ...

By Williams Anuku The National Executive Council of the Nigeria Labour Congress has suspended its nationwide protest for day two, after reviewing the initial day as highly impactful. President of NLC, Comrade Joe Ajaero and Ag. General Secretary, Comrade Ismail Bello President disclosed the ...

By Ogaga Ariemu The Central Bank of Nigeria has raised the monetary policy rate, known as the interest rate, by 400 basis points to 22.75 per cent from 18.5 per cent. The CBN Governor, Olayemi Cardoso disclosed this at the 293rd Meeting of the Monetary Policy Committee press briefing in Abuja. ...

The naira gained against the dollar as the Central Bank of Nigeria (CBN) took more measures including delivering a massive hike in its benchmark interest rate on Tuesday in a bid to rein in rising inflation so as to stabilise the economy. Raises MPR to 22.75%, CRR to 45% Following the ...

Amidst the unfathomable economic challenges plaguing our nation from famine to insecurity and the depreciation of the Naira in the forex market, Ohanaeze Ndigbo, has vehemently, denounced any insinuations or calls for a coup d’état. According to the foremost Igbo socio-cultural organisation, ...

The Joint Admissions and Matriculation Board (JAMB) has announced the commencement of the sale of Direct Entry (DE) application forms, open to both domestic and international students seeking admission into Nigerian tertiary institutions. ...

By John Shiklam in Kaduna The nationwide protest against economic hardship by the Nigerian Labour Congress (NLC) recored poor turnout in Kaduna state as only few workers participated in the peaceful protest.The workers converged on state  secretariat of the NLC, located at Angwan Rimi, ...

The Federal Government on Monday said it would extend its social security payments net to graduates with qualifications from NCE and upwards. Addressing journalists after the Federal Executive Council meeting on Monday, the minister of finance and coordinating minister of the economy, Wale Edun, ...