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Goods worth billions of Naira have been destroyed after a fire broke out at the Trade Fair in Lagos State on Sunday, August 11, 2024. According to the Lagos State Emergency Management Agency, LASEMA, the inferno spread to an entire warehouse comprising of six (6) assembly lines affecting equipment, small forklifts, household goods/gadgets including TVs, refrigerators, air conditioners, estimated to …

The world’s largest networking company, Cisco, has concluded plans to lay off a number of employees in a second round of layoffs this year and concentrate on artificial intelligence. Reports have emerged that 4,000 or more people may be affected by Cisco’s current wave of layoffs, comparable to the number of workers laid off in February. Sources said Cisco has …

Former Vice President Yemi Osinbajo on Sunday urged churches in Nigeria to reassess their priorities and shift focus from the accumulation of wealth and prosperity to the promotion of peace, productivity and community development. Osinbajo, who spoke at the 68th Anniversary and 58th Annual Convention of the Gospel Faith Mission International (GOFAMINT) in Abuja, argued that the current obsession with …

The Nigerian National Petroleum Corporation (NNPC) Limited has denied any involvement in the alleged attempt to sabotage the Dangote Refinery. The company has demonstrated its significant financial interest in the project. In an interview with the Bereke Family Radio Programme, published on YouTube on Sunday, NNPC’s Head of Corporate Communications, Olufemi Soneye, reiterated that the company has invested billions of …

The Nigerian National Petroleum Corporation (NNPC) Limited has denied any involvement in the alleged attempt to sabotage the Dangote Refinery. The company has demonstrated its significant financial interest in the project. In an interview with the Bereke Family Radio Programme, published on YouTube on Sunday, NNPC’s Head of Corporate Communications, Olufemi Soneye, reiterated that the company has invested billions of …

Nigerian equity markets reversed losses recorded in the first trading week of August to post relatively profitable trading last week. The stock exchange strengthened in three of the five trading sessions as the All Share Index (ASI) rose +0.87% and closed the week at 98,592.12 points from 97,745.73 points in the previous week. Additionally, investors gained N480.8 billion as market …

A formal petition has been filed with the Federal Character Commission (FCC) against Abubakar O. Sulaiman, Director General of the National Institute of Health (NILDS). The petition, authored by Professor Jake Dan-Azumi, accuses Mr Sulaiman of serious misconduct since his appointment in 2019, including abuse of office, violation of federal moral principles and breach of public trust. The charges allege …

Nigeria’s Deposit Insurance Corporation (DIP) on Sunday explained why 17.64% of insured depositors of the defunct Heritage Bank have not already paid. In a statement issued by its spokesperson, Bashir Nuhu, the NDIC said depositors had not been paid because they had no debit instruction (PND) or no Bank Verification Number (BVN) on their accounts. The commission added that 82.36% …

Here are the top 10 stories making headlines across the country. 1. SERAP writes Tinubu, concerned that $1.5 billion World Bank loan to 36 countries, $3 billion Chinese loan to the Federal Government may have been diverted The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to “direct the Attorney General of the Federation and the …

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to “order the Attorney General of the Federation and the Minister of Justice Mr. Lateef Fagbemi, SAN and appropriate anti-corruption agencies to immediately and thoroughly investigate the disbursement of the $1.5 billion World Bank loan obtained by 36 states and Abuja for poverty alleviation and social protection …