Nigeria’s Foreign Reserves Plummet by $2.2 Billion Amid Naira Support Concerns
Nigeria’s foreign reserves have taken a significant hit, dropping by $2.2 billion, raising concerns about the Central Bank of Nigeria’s (CBN) support for the Naira and the settlement of over $2 billion in foreign exchange backlog. This decline follows comments…
Unity Bank Posts N59.3B in Gross Earnings, Grows Deposits by 23% in 2023 FY
Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements…
Revitalizing Nigeria’s Steel Industry: Prince Shuaibu Abubakar Audu’s Impact on Kogi Youths
By Daniel Yusuf Prince Shuaibu Abubakar Audu, the Minister of Steel Development, has been a driving force behind the revitalization of Nigeria’s steel industry. His leadership and commitment to empowering Nigerian youths are worthy of praise. As a key player…
Immigration Officer Shot in Minna Police Patrol Incident
In Minna, Niger State, an Assistant Superintendent of Immigration (ASI), Christian Oladimeji, sustained a gunshot wound during an altercation involving a police patrol team and hoodlums on Friday at around 12:30 PM. The counter-insurgency publication Zagazola Makama, which focuses on…
Matawalle Urges Security Agencies To Maintain Law And Order In Osun State
Nigeria’s Minister of State for Defence, H.E. Dr. Bello Mohammad Matawalle MON, has unequivocally expressed his concern on the recent incidents in the local government councils in Osun State. In the light of this significant development, according to a statement…
From ALGON To Cabinet: Hon Aminu Maifata Takes Oath As Honourable Commissioner in Nasarawa
Hon. Aminu Muazu Maifata, the former ALGON National President, has been sworn in as the Honourable Commissioner for Local Government, Emirates Affairs, and Rural Development in Nasarawa State. This follows his successful screening at the State Assembly, where his impressive…
FG Moves to Revitalize Nigeria’s Steel Sector Through Strategic International Partnerships
Nigeria’s Federal Government has taken a significant step towards transforming the country’s steel sector through a strategic partnership with development partners and international donor agencies. The Ministry of Steel Development initiated this collaboration to unlock the sector’s full potential, drive…
Nigerian Electricity Regulator Moves to End Power Theft, Spells Out Penalties
In a bold move to curb illegal access to electricity supply in the country, the Nigerian Electricity Regulatory Commission (NERC) has increased the penalty for customers tampering or bypassing their electricity meters. The industry regulator ordered a publication stating that…
Tragedy Strikes in Abuja as Two Hostages Killed Over Ransom Delay
In a heartbreaking turn of events, kidnappers have reportedly shot dead two captives, Mohammed Danladi and Nasiru Yusuf, in Gwargwada, Kuje Area Council of Nigeria’s Federal Capital Territory (FCT), Abuja, due to a delay in ransom payment. According to a…
Mike Ozekhome Writes IGP As Enugu Police Command Faces Extortion Allegations in N62 Million Scandal, Makes Demands
The Enugu State Police Command is under increasing scrutiny following allegations of extorting N62 million from businessman Mr Olu Agwu by the state’s anti-kidnapping unit. The situation has escalated with the involvement of Police Commissioner Mr. Kanayo Uzuegbu now being…
