A US-based media company, Bloomberg L.P., has predicted a continued decline of the Nigerian naira in 2024, potentially making it the worst-performing currency globally for the second year in a row. Bloomberg’s market analysis reveals a staggering 55% depreciation of ...
Read More »Yearly Archives: 2023
TCN Confirms Destruction of 3 Towers On Maiduguri–Damaturu Line
The Transmission Company of Nigeria (TCN) confirmed on Friday the destruction of three of its towers on the Maiduguri–Damaturu Transmission Line, suspected to be caused by insurgents using explosives. Mrs Ndidi Mbah, the General Manager of Public Affairs at TCN, ...
Read More »State Gov’t Sued Over Alleged Misuse Of LG Funds For Bridges
The 44 local government chairmen in Kano State have commenced legal action against the state government. Allegations have emerged that the government intends to utilize their funds for the construction of bridges in Kano City. The lawsuit, filed under Case ...
Read More »Gov Eno Signs N840.6bn 2024 Budget At Last SEC Meeting For 2023
Governor Umo Eno of Akwa Ibom State has signed the N840.6 billion budget for the 2024 fiscal year into law during the last State Executive Council (SEC) meeting for 2023 held at the Exco Chamber of the Government House in ...
Read More »CAC Extends Deadline For Company Annual Returns By 4 Months
The Corporate Affairs Commission (CAC) has pushed back the deadline for imposing penalties on companies that have not submitted their annual returns. The initial deadline of January 1, 2024, has been extended to April 1, 2024, providing an additional four-month ...
Read More »JAMB Hikes UTME Fees For 2024, Releases DE Application Schedule
The Joint Admissions and Matriculation Board (JAMB) has announced an adjustment in the registration fees for the Unified Tertiary Matriculation Examination (UTME) for the year 2024. According to an official statement by JAMB, the revised registration fees for UTME are ...
Read More »Tinubu Arrives Abia Friday For PISE-P Unveiling
President Bola Tinubu is slated to attend the official unveiling of the Peace In South East Project (PISE-P) and a grand reception for Deputy Speaker of the House of Representatives, Benjamin Kalu, in Bende, Abia State, on Friday. His entourage ...
Read More »We’ll Maintain Sale Of Cement Price At N3500 In 2024 — BUA Chair
Alhaji Abdul-Samad Rabiu, the Chairman of BUA Group, has affirmed the company’s commitment to maintaining the selling price of cement at N3,500 per bag starting January 2024. He disclosed this while speaking to State House correspondents following a visit to ...
Read More »Equity Market Rebounds By 0.99% As Market Capitalisation Gains N401bn
The nation’s bourse experienced a remarkable upturn on Thursday, witnessing a significant profit surge as the market capitalisation surged by N401 billion, an increase of 0.99%, closing at N40.776 trillion compared to Wednesday’s N40.375 trillion. The All-Share Index (ASI) also ...
Read More »Group Condemns Marriage Of Girl, 4, To 54-Year-Old Man
The DO Foundation, a child rights advocacy group in Bayelsa, vehemently opposed the recent traditional marriage ceremony on Dec. 26 between a 4-year-old ‘bride’ and a 54-year-old man in Akeddei community, Sagbama Local Government Area of the state. In a ...
Read More »