Nigeria News
Kaduna council polls: Stakeholders call for peaceful elections
The Network of Peace Journalists (NPJ), in collaboration with the Conflict Mitigation and Management Regional Council (CMMRC) and Community Peace Observers (CPO), has urged for peaceful elections in all 23 local government areas in the state. Ibrahima Yakubu, team leader of the NPJ, in a statement, stressed the importance of unity among all stakeholders to […]
Zamfara: We are ready to conduct credible LG polls – Gov Lawal
Governor Dauda Lawal of Zamfara State has expressed his readiness to conduct credible and acceptable local government elections across the State. The Governor inaugurated Hon. Bala Aliyu Gusau as the chairman of the Zamfara State Independent Electoral Commission, ZASIEC, as part of his administration’s preparations for the local government election. The swearing-in ceremony was held […]
Gov. Mbah extols Igbo Cultural Heritage During 2024 Iriji Festival
Enugu State governor, Dr Peter Mbah, has extolled the Igbo New Yam Festival, otherwise known as “Iri-ji” as a shining example of the rich cultural heritage which the Igbo nation is widely known for, saying his administration will continue to invest in tourism, mechanised agriculture and other sectors of productivity. This was even as Igbo […]
Standards Organisation of Nigeria (SON) Celebrates World Standards Day 2024, Showcases Achievements, and Supports Manufacturers
The Standards Organisation of Nigeria (SON) have joined the global community in celebrating World Standards Day, emphasizing its commitment to standardization, quality assurance, and conformity assessment. Dr. Ifeanyi Chukwunonso Okeke, Director-General/Chief Executive of SON, said this year theme, “SHARED VISION FOR A BETTER WORLD: SPOTLIGHT ON SDG 9-INDUSTRY, INNOVATION, AND INFRASTRUCTURE IN THE AGE OF […]
Rising energy costs push manufacturers to brink of collapse
The manufacturing sector in Nigeria is facing existential threats with the escalating costs of energy, amongst other binding constraints, driving up production and logistics costs thus putting the sector on the brink of collapse. Manufacturers overtime have raised the alarm over the damaging impact of the rising cost of energy, which has seen pump price […]
Damagum: Atiku, Wike’s camps in a make or mar PDP govs meeting
Nigerian Governors elected under the platform of the Peoples Democratic Party, PDP, are expected to meet on Monday (today) following the leadership crisis rocking the main opposition party. DAILY POST reports that the crisis escalated on Friday following the suspension and counter suspension of party leaders. The National Working Committee of the party led by […]
2027: Peter Obi now voice of opposition – Fayose carpets Atiku
Ayodele Fayose, a former governor of Ekiti State, has said the former presidential candidate of the Labour Party, LP, Peter Obi is currently the voice of the opposition and not his Peoples Democratic Party, PDP counterpart, Atiku Abubakar. Fayose, who spoke on Sunday during an interview on Channels TV, dismissed chances of his party, the […]
Adeboye appoints former UNILAG VC as Redeemer’s University new Governing Council Chair
The General Overseer of the Redeemed Christian Church of God, RCCG, Pastor Enoch Adejare Adeboye, has appointed Professor Toyin Ogundipe as the new Chairman and Pro Chancellor of the Redeemer’s University, Ede, Osun State. Prof. Ogundipe before his appointment was the immediate past Vice-Chancellor of the University of Lagos. Professor Ogundipe, DAILY POST gathered, replaces […]
SERAP threatens contempt suit over fuel price hike
The Socio-Economic Rights and Accountability Project has called on President Bola Tinubu to immediately reverse the latest increase in petrol prices implemented by the Nigerian National Petroleum Company Limited, pending the outcome of a lawsuit challenging the price hike. This appeal follows the second rise in fuel prices within a month, pushing the cost of […]
Dangote meets marketers Tuesday over new petrol price
The Independent Petroleum Marketers Association of Nigeria is poised for talks with Dangote Petroleum Refinery between Tuesday and Wednesday to finalise agreements on the cost and lifting of petrol from the plant. It was learnt on Sunday that the Petroleum Retail Outlet Owners Association of Nigeria had been asked by the $20bn Lekki-based refinery to […]
Business News
Manufacturers to address real sector weak competitiveness at summit
The Manufacturers Association of Nigeria has stated members would be seeking solutions to problems inhibiting the manufacturing sector’s growth at its 52nd annual general meeting. The MAN President, Francis Meshioye, at a press briefing in Lagos on Monday, said members would address key constraints that had weakened the sector’s competitiveness and limited its economic contributions. […]
Aradel listing boosts NGX market cap by N3tn
Aradel Holdings Plc listed 4.34 billion shares on the Main Board of the Nigerian Exchange on Monday, boosting the market capitalisation by about N3.05tn. The energy firm’s shares were listed at N702.69 per share through a ‘Listing by Introduction’, bumping the oil and gas sector’s participation in the equity market upwards. Aradel Holdings, a major […]
DisCos collected N391.72b revenue in Q2, says NBS
The National Bureau of Statistics (NBS) yesterday said electricity Distribution Companies (DisCos) collected N391.72 billion revenue in the second quarter of 2024 Q2 2024. Its document titled: “Electricity Report Q2 2024,” which made the disclosure also said the revenue increased by 48.90per cent on a year-on-year basis from N263 billion the corresponding quarter of 2023. […]
OPEC cuts oil-demand growth forecast for 2024, 2025
The Organisation of the Petroleum Exporting Countries (OPEC), yesterday cut its forecast for growth in oil demand for 2024 and 2025. In its monthly report, OPEC said it cut its forecast for demand growth in 2024 by 106,000 barrels a day to 1.9 million barrels a day (mbpd). OPEC cited “actual data received, combined with […]
Dangote Petrol: IPMAN, PETROAN hint on price reduction
Nigeria’s petroleum marketers are upbeat they will sell Premium Motor Spirit (Petrol) cheaper than that of Nigerian National Petroleum Company Limited if Dangote Refinery begins direct sale of petrol to them. The spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike disclosed this in an exclusive interview with DAILY POST on Monday. Ukadike […]
Several innovations ongoing in banking industry – CBN
Innovations are currently ongoing in the banking industry across the world, Dr Adetona Adedeji, the Acting Director, Banking Supervision Department at the Central Bank of Nigeria (CBN) says. Adedeji, who said this at the 30th Nigerian Economic Summit (NES) in Abuja on Monday, said that these innovations would add value to the consumer’s experience by […]
Transcorp Power Plc Reports Strong Q3 2024 Performance, with 153% Revenue Growth and 198% Increase in Profits
Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has announced its financial results for the third quarter of the year ending September 30, 2024, demonstrating remarkable growth across the business. In its Q3 2024 unaudited results filed with the Nigerian Exchange (NGX), Transcorp Power reported revenue of N223.6 billion, representing a significant […]
Coronation Insurance Unveils ‘Insure And Win’ Promo, Offers N30m Worth Of Prizes
Coronation Insurance Plc and Coronation Life Assurance Limited have unveiled their latest promotional campaign, ‘Insure and Win’, offering customers an unparalleled opportunity to win exciting prizes, including a brand-new car. This nationwide campaign, running from October 8th to December 22nd, 2024, is open to both new and existing customers of Coronation Insurance Plc and Coronation […]
#CustomerServiceWeek2024: Unity Bank’s Boss Reaffirms Commitment To Going Above And Beyond
The Managing Director/CEO of Unity Bank Plc, Mrs. Tomi Somefun has commended the lender’s frontline staff for effectively translating its Customer Service Charter thereby forging a culture of responsiveness and exceptional partnership to demonstrate unwavering commitment to customers. In a message commemorating this year’s Customer Service Week, Mrs. Somefun celebrated with staff in customer service […]
NGX Admits Aradel Holdings To Its Main Board, Boosts Market Capitalization By N3.05 Trillion
Aradel Holdings Plc, an integrated energy company has listed 4.34 billion shares on Nigerian Exchange Limited (NGX) Main Board on Monday, 14 October 2024. The shares, listed at N702.69 per share through a “Listing by Introduction,” boosted the market capitalization of NGX by N3.05 trillion, marking a significant milestone in the oil and gas […]