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The federal government has announced the sale of 50kg of rice at a subsidized price of N40,000, a 50% discount from the market price. This was done in an effort to address growing concerns over food affordability and defuse planned protests. Minister of Information and National Orientation, Mohammed Idris, revealed this information during a press conference at the presidential villa …

Here are the top 10 stories making headlines across the country. 1. IG orders police to secure #EndBadGovernance protesters across the country Inspector General of Police Kayode Egbetokun has instructed senior police officers to ensure the protection of participants of the #EndBadGovernance protests to be held on August 1-10, 2024. Read more 2. Tinubu signs minimum wage bill President Bola …

President Bola Tinubu on Monday signed the minimum wage bill. The President signed the bill at the State House, Abuja, in the presence of the Senate President, Godswill Akpabio and the House of Representatives Speaker, Tajudden Abbas. The National Assembly passed the N70,000 minimum wage bill last Tuesday. The new law increases the country’s minimum wage from N30,000 to N70,000. …

Investors in the Nigerian equity market started the trading week with a loss of N117 billion at the close of trading on Monday, July 29, 2024. This follows the decline in share prices of stocks such as CAVERTON, WAPIC, and ABCTRANS among others on the trading floor. After five hours of trading in the capital market, equity capitalization decreased to …

The Nigerian Communications Commission (NCC) on Monday ordered MTN Nigeria and other mobile telecommunications companies to reactivate blocked Subscriber Identification Modules (SIMs) based on the National Identification Number (NIN). MTN has in recent days blocked over 100,000 lines because their owners failed to link them to NIN. Details later… NCC orders MTN, others to reactivate blocked SIMs first appeared on …

As July draws to a close, investors had a tough week last week in the equity markets. Nigerian equity markets lost in four of the five trading sessions as the benchmark All Share Index (ASI) plunged -2.33% to close at 98,201.49 from 100,539.40 points in the previous week. Similarly, investors lost N1.32 trillion as market capitalization fell to N55.61 trillion …

Here are the top 10 stories making headlines across the country. 1. Police confirm request for protest details, citing security concerns Nigerian police have defended their request for details of organisers of planned nationwide protests, saying the move was driven by security concerns. Read more 2. Kings in the Southeast region plead for IPOB leader Kanu to be released The …

Nigerian police have defended their request for details of organisers of planned nationwide protests, saying the move was driven by security concerns. On Friday, Inspector General of Police Kayode Egbetokun ordered protest organizers to provide details, proposed routes and assembly points to their respective state Commissioners of Police. The request was met with resistance from protest organizers, who accused the …

The South-East Traditional Rulers Council has told the Federal Government that the release of jailed Indigenous People of Biafra (IPOB) leader Nnamdi Kanu would ease tensions in the region. The Chairman of the Council, Igwe Samuel Asadu, who made the appeal while interacting with journalists in Abuja on Sunday, said Kanu’s release would not only de-escalate tension but would also …

Senator representing Anambra South, Ifeanyi Ubah died while on a medical trip to the UK. Ubah, a prominent business figure from the southeast region is also the Chief Executive of Capital Oil, which he founded in 2001. Senator Ubah, a staunch supporter of the All Progressives Congress (APC), reportedly died at a London hotel where he had arrived just two …