Residents of Edo State are casting their votes today to elect the next governor who will lead the state for the next four years, replacing Governor Godwin Obaseki. The key contenders in the election include Asue Ighodalo of the Peoples Democratic Party (PDP), Senator Monday Okpebholo of the All Progressives Congress (APC), and Olumide Akpata […]
Category archives: News
SGF Approves Promotion of 49 Senior FRSC Officers, Urges Increased Commitment
The Secretary to the Government of the Federation (SGF), Senator George Akume, has approved the promotion of 49 senior officers in the Federal Road Safety Commission (FRSC). This includes the elevation of 21 Corps Commanders to Assistant Corps Marshal and 11 Deputy Corps Commanders to Corps Commanders. The promotion was announced in a statement by […]
Dollar to Naira Exchange Rate Hits N1665 on Black Market Amid Economic Pressure
As of September 20, 2024, the Dollar to Naira exchange rate at the black market has reached N1655 for buying and N1665 for selling. These rates were reported by Bureau De Change operators in Lagos. While the Central Bank of Nigeria (CBN) sets the official rate at N1593 for buying and N1594 for selling, it […]
Presidency Addresses Coca-Cola’s $1 Billion Investment Challenges from 2021
The Nigerian Presidency has stated that Coca-Cola’s $1 billion investment will succeed under President Bola Tinubu’s administration, countering criticisms of a similar failed commitment in 2021. Bayo Onanuga, Special Adviser to the President on Information and Strategy, explained that the previous investment did not materialize due to a challenging business environment under former President Muhammadu […]
Nigerian Railway Revenue Surges to ₦1.69 Billion in Q2 Amid Increased Rail Travel
The revenue generated by Nigeria’s railway sector reached ₦1.69 billion in the second quarter of 2024, a substantial 53.14% increase from ₦1.10 billion in the same quarter last year, according to the National Bureau of Statistics (NBS). The Nigerian Railway Corporation (NRC) reported that 689,263 passengers utilized rail services during Q2 2024, marking a 45.38% […]
CBN Clarifies: No Reinstatement of Cybersecurity Levy
The Central Bank of Nigeria (CBN) has officially stated that it has not reinstated the previously suspended cybersecurity levy on electronic transfers, despite recent media reports suggesting otherwise. Initially mandated on May 6, 2024, the 0.5 percent levy on electronic transfers was quickly withdrawn by the CBN just two weeks later, suspending its implementation. Recent […]
PZ Cussons Plans Sale of African Subsidiaries Amid Naira Devaluation
PZ Cussons Nigeria Plc has announced plans to sell its African subsidiaries in response to significant financial challenges, particularly the 70% devaluation of the naira. The multinational consumer goods company stated that it is considering both partial and full sales to mitigate exposure to currency fluctuations. In its preliminary results for the year ending May […]
Nigerians Disappointed Over Dangote Refinery Fuel Prices
Nigerians expressed frustration after the first batch of petrol from the Dangote Refinery hit the market, as prices exceeded expectations. Many hoped for a price reduction with local refining, but the Nigerian National Petroleum Company Limited (NNPCL) priced the fuel higher than imported petrol, with prices ranging from N855 to N950 per liter, depending on […]
Nigerians Disappointed Over Dangote Refinery Fuel Prices
Nigerians expressed frustration after the first batch of petrol from the Dangote Refinery hit the market, as prices exceeded expectations. Many hoped for a price reduction with local refining, but the Nigerian National Petroleum Company Limited (NNPCL) priced the fuel higher than imported petrol, with prices ranging from N855 to N950 per liter, depending on […]
Senate Plans Constitutional Amendment to Ensure Local Government Autonomy Implementation
President of the Senate, Godswill Akpabio, has revealed that the Senate will amend the 1999 Constitution to implement the Supreme Court’s ruling on local government autonomy. The court had granted autonomy to all 774 local governments in Nigeria following a lawsuit by the federal government against state governors. Akpabio made this statement during a visit […]