Category: Uncategorized
-
FG Begins Disbursement of Presidential Grant To Nigerians
The Federal Government through the Ministry of Industry, Trade and Investment says it has kicked off the disbursement of the Presidential Conditional Grant Scheme to verified applicants after an exhaustive selection process. The government, through the Bank of Industry, had said it would be disbursing three categories of funding totalling N200bn to support manufacturers and…
-
How FG Rescue Over 1,000 Abducted Victims – NSA
The National Security Adviser (NSA), Malam Nuhu Ribadu, says the Federal Government has rescued over 1,000 victims of verified mass abduction across the country without paying ransom. Ribadu said on Monday in Abuja while receiving 22 rescued students and staff of the Federal University Gusau, that the covert operations were conducted in the last few…
-
Naira Appreciates at Parallel, Official Market Against U.S. Dollar
The Naira, on Monday appreciated to N1,080 per dollar in the parallel market, from N1,230 per dollar last weekend.Similarly, the Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,136.04 per dollar. Data from the official trading platform of the FMDQ Exchange revealed that the Naira gained N6.34. This represents a 0.55 per cent…
-
The Hidden Truth That Led to Killing of 17 Soldiers in Okuama Community
The ICIR A feud between an illegal oil bunker, Endurance Okodeh alias Amangbein and a sophisticated cartel of powerful illegal oil bunkers led to the killing of 17 soldiers in the Okuama community in Ughelli South LGA of Delta, investigations revealed. Findings unmasked how the leader of the cartel, ex-militant leader Government Ekpemukpolo alias Tompolo…
-
Just In: Again, Power Grid Collapses For 6th Time in 2024
Nigeria’s electricity grid has collapsed again, Daily Trust reports. The grid collapsed around 2:42 am on Monday, with generation dropping to 64.70megawatt. Only one generation company, Ibom Power, was active according to data from the Independent System Operator (ISO), a branch of the Transmission Company of Nigeria, has shown. This is the sixth collapse in…
-
Troops Rescue Abducted Varsity Students, Corps Members in Zamfara
The remaining staff and students of the Federal University, Gusau, Zamfara State, who were abducted on September 22, 2023, have regained freedom. Bandits had invaded hostels in Sabon-Gida community of the Bungudu Local Government Area of Zamfara, abducting over 20 students, mostly ladies. After several efforts by the university authorities and family members, some of…
-
EFCC Clears Air On Millions of Naira, Dollar Recover from Betta Edu, Sadiya Umar-Farouk, Halima Shehu
The Economic and Financial Crimes Commission, EFCC has faulted suspended Humanitarian Minister, Betta Edu, her predecessor, Sadiya Umar-Farouq, and the Coordinator of the National Social Insurance Programmes Agency, Halima Shehu, while revealing that a combined total of N32.7bn and $445,000 has been recovered so far from ministry. The commission made the development known on Sunday…
-
Despite Tarrif Hike, DisCos Struggle to Satisfy Band A Customers
Punch Newspaper Due to a gas shortage that has hindered generation since January, many electricity distribution companies have been finding it difficult to provide Band A customers with 20 hours of electricity. Sunday PUNCH’s findings revealed that while DisCos strive to meet the required supply hours for Band A customers, their counterparts on Bands B,…
-
Exam Slip Printing: JAMB, Police Raise Alarm
As candidates set to participate in the 2024 Unified Tertiary Matriculation Examination, UTME, billed to commence on April 19, the Joint Admissions and Matriculation Board, JAMB, and the Nigeria Police have warned them against patronising fake sites for printing slip. The two organisations gave the warning at a joint news conference in Abuja on Saturday.…
-
Naira Makes Huge Recovery, Gains 7.2% Against U.S. Dollar
The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N88.23. This represents a 7.16 per cent gain when compared to the…