News

Great testimonies like the remains of Pastor Joke Momoh are buried in Abuja

BY SUFUYAN OJEIFO Testimonies galore characterized the song service and funeral service for Deaconess Adejoke Momoh [Nee Adeyinka] died on 4 June 2024 at the age of 60. Mubo, Adejoke’s younger sister, drops by to say goodbye to her late sister… Witnesses praised his life of humility, love, generosity, commitment to the works of God and pure sacrifice invested in …

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‘Leadership is based on seniority,’ Rivers caucus in House of Representatives disowns colleague over comments on Ugochinyere

The Rivers State Caucus in the House of Representatives has disowned one of its members, Dumnamene Deekor, as its spokesperson. The Leader of the Rivers State Caucus in the House of Representatives, Awaji-Inombek Abiante, who made the clarification in a statement on Friday in Abuja, rejected the statement directed at the lawmaker. Deekor in his statement called for sanctions against …

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The Nigerian government approved N21bn for DisCoS for the purchase of meters

The Nigerian Electricity Regulatory Commission (NERC) has approved N21 billion for 11 Electricity Distribution Companies (DisCos) to provide meters to customers. NERC gave approval in ORDER NO: NERC/2024/072 on Operationalization of “Phase A” of the Presidential Metering Initiative within the Framework of the Meter Acquisition Fund signed by its chairman, Sanusi Garba. It reads: “The order signed by NERC Chairman, …

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Poland crashed out of the Euros as France and the Netherlands shared the spoils

Poland were eliminated from the ongoing European Championship after losing their second group match against Austria 3-1 on Friday evening. Their exit from the championship was confirmed after France and the Netherlands played out a goalless draw in their other Group D match. Late goals from Christoph Baumgartner and Marko Arnautovic gave Austria a tough win over Poland. Gernot Trauner …

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The Naira dipped slightly in the official and parallel windows

The naira dipped slightly against the United States dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency traded at N1,485.53/$1 on Friday. At the end of trading today, the naira lost less than N1 against the dollar compared to N1,485.36/$1 recorded on Thursday. The intra-day high and low prices recorded during the …

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A man has been jailed for one year for stealing food worth N1000 in Ogun

The Abeokuta Magistrate’s Court in Isabo, Ogun State, on Friday, sentenced one Kazeem Salami to one year in prison for stealing food worth N1,000. Prosecutor, Insp. Lawrence Olu-Balogun, told the court that the accused committed the offense on March 5, on Duroja Road in Ake village via Laderin in Abeokuta. He added that the convict was noticed by community members …

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British Airways grounded the plane, apologizing for the hitch

British Airways has grounded its plane at Murtala International Airport in Lagos due to a technical fault. However, the airline has apologized to its passengers and the country’s aviation authorities for the flight disruption. The airline’s Regional Commercial Manager, Nigeria and Ghana, Mrs. Tutu Otuyalo, told journalists on Friday that the airline would cover accommodation and food costs for affected …

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NGX: Investors ended the week with losses of N56 billion as shares fell

Investors in the Nigerian equity market ended the week’s trading with a loss of N56 billion on Friday. This follows the fall in share prices, including MULTIVERSE, RTBRISCOE, and SUNUASSUR on the stock exchange floor today. After five hours of trading on the capital market, equity capitalization fell to N56.42 trillion from N56.47 trillion recorded by the exchange on Thursday. …

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SEC releases framework for recapitalization of banking sector

Following a recent directive from the Central Bank of Nigeria (CBN) to commercial banks in the country to increase their capital to support the country’s $1 trillion target, the Securities and Exchange Commission (SEC) has released a comprehensive framework for the 2024 recapitalization program . The CBN in a memo has directed banks with international reputation to increase their capital …

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