News

The latest Treasury Bill (TBI) auction held on Wednesday raised N284.26 billion from the Federal Government from investors hungry for returns. The Debt Management Office (DMO) announced the auction results on Thursday. The auction attracted significant investor interest with total subscription of N773.98 billion exceeding the total bid of N228.72 billion. As an instrument for implementing monetary policy, the Central …

Davido promised to give Chioma ”lifetime insurance”. The singer made this promise to Chioma’s parents while begging for her hand during their wedding held in Lagos today, June 25. “Your daughter will be protected, respected and connected,” she promised her parents

The absence of Justice Inyang Ekwo on Thursday halted the trial of the Managing Director of MTN Nigeria Communications Limited, Mr. Karl Toriola, and others for alleged copyright infringement at the Federal High Court, Abuja. The trial was postponed until September 26 so that the defendants can present their defense. Other defendants in the indictment are MTN Nigeria Communications Limited, …

For the second straight day, the Nigerian equity market maintained its positive movement as investors made profits of N6.2 billion at the close of trading on Thursday. This follows the growth in share prices of SEPLAT, CUTIX, and LASACO among others on the trading floor today. After five hours of trading on the capital market, equity capitalization rose to N56.2 …

For the fourth consecutive day this week, the naira slumped against the United States dollar and further surpassed the N1,500 mark on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N3 to trade at N1,510/$1 in the official market. This value is N3 higher than the N1, 507.83/$1 traded on Wednesday. …

People are in trouble, be kind! Nick Imudia, CEO of D.light, a leading innovator of residential solar energy solutions, committed suicide in his apartment. Imudia was a former Chief Executive Officer (CEO) of one of Nigeria’s e-commerce giants, Konga. He killed himself on the night of Tuesday, June 25, by jumping from the balcony of his apartment in Lekki, Lagos. …

Justice Emeka Nwite of the Federal High Court, Abuja, on Thursday, affirmed the nomination of Prince Kadiri Asamah (SAN) as the deputy governorship candidate of the Labour Party (LP) in Edo State. The judge in his decision agreed to the argument of the party’s main attorney, Johnson Usman (SAN), who stated that the LP had complied with the provisions of …

President Bola Tinubu on Thursday urged state governors to work together to meet the needs of Nigerians. The President, who spoke at a meeting of the National Economic Council (NEC) in Abuja, said he would provide the necessary support to ensure that Nigerians are free from hardship. He said the country must increase agricultural productivity, strengthen the economy by creating …

Senate Speaker Opeyemi Bamidele on Thursday said President Bola Tinubu had not sought approval for the purchase of a presidential plane. The Red Chamber came under fire after reports of lawmakers’ plans to approve a new plane for President Tinubu and Vice President Kashim Shettima emerged last week. Bamidele, who made the clarification during a plenary session in Abuja, dismissed …

Tinubu will consult further on the new minimum wage. President Bola Tinubu will consult further before coming to a final decision on the new national minimum wage for Nigerian workers. Mohammed Idris, Minister of Information and National Orientation, said this at the end of the Federal Executive Council (FEC) meeting held in Abuja on Tuesday. He said the tripartite committee’s …