Nigeria News
Thousands dump Amosun, re-align with Abiodun
Thousands of loyalists of former governor Ibikunle Amosun from the 20 local government areas of Ogun State have rejoined the mainstream of the All Progressives Congress (APC) led by the State governor, Prince Dapo Abiodun. Receiving the returnees led by the factional Chairman of the Amosun-led party Executive at the Presidential Lodge, Abeokuta, the State […]
Chicago State University: Nigerians may be shocked over Tinubu’s records – Atiku
The 2023 Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar, has raised concerns over the academic records of President Bola Tinubu. Atiku claims president Tinubu has something to hide over his academic records with the Chicago State University. Speaking through his Media Aide, Paul Ibe, Atiku expressed hope that Nigerians will not have a heart […]
Troops engage kidnapers in gun duel, rescue victim, Dr Maxwell Ayim in Enugu
Troops of 103 Battalion (Rear) of 82 Division Nigerian Army Presently on Operation UDO KA II have rescued a kidnap victim, Dr Maxwell Ayim along Road Four Corner-Agbogwe in Udi Local Government Area of Enugu State. The operation, according to a statement issued on Friday by the Acting Deputy Director, Army Public Relations, 82 Division, […]
Money ritual: Police nab five in possession of human skull in Niger
The Niger State Police Command has apprehended five suspects allegedly involved in the possession of a human skull for a money ritual along the Minna-Bida road in the state. Initially, it was reported that two of the suspects, Isah Mohammed (26 years old) and Idris Mohammed (28 years old), both from Sakpe village in Edati […]
NCC extends deadline for hackathon application
The Nigerian Communications Commission says it has extended the deadline for the submission of applications and entries into the 2023 Talent Hunt through Hackathon to September 30. A statement by the Director, Public Affairs, Reuben Muoka, on Friday said the extension was to give ample time for more prospective and viable startups to tidy up […]
Killings of soldiers in Imo worrisome, says Ohanaeze president
The apex Igbo socio-cultural organisation, Ohanaeze Ndigbo Worldwide, has condemned the killing of security agents and the subsequent burning of houses and businesses belonging to innocent residents by soldiers in Imo State. Ohanaeze in a statement signed by the President General, Chief Emmanuel Iwuanyanwu, on Friday described both incidents as unacceptable to Ndigbo Worldwide. Iwuanyanwu […]
Plateau guber: Tension in Jos as tribunal delivers judgement
The Governorship Elections Petitions Tribunal in Plateau State will Friday (today) deliver its judgement on the petition filed by the All Progressives Congress (APC) and its governorship candidate during the March 18, 2023, gubernatorial election. DAILY POST recalls that Nentawe Yiltwatda of the APC had approached the tribunal challenging the victory of Governor Caleb Mutfwang […]
‘Almajiri politicians’ – Olayinka slams those demanding Fayose’s suspension from PDP
A chieftain of the Peoples Democratic Party, PDP, in Ekiti State, Lere Olayinka has taken a swipe at some members of the party who are calling for the suspension of former Governor of the State, Ayo Fayose. In a statement he personally issued on Thursday, the PDP chieftain and a House of Representatives candidate for […]
FG highlights Tinubu’s outing at UNGA
The Ministry of Information and National Orientation has highlighted President Bola Ahmed Tinubu’s outing to the 78th United Nations General Assembly, UNGA. DAILY POST recalls that Tinubu departed Nigeria on Sunday for New York for the 78th United Nations General Assembly. According to the minister of Information and National Orientation, Mohammed Idris, it was a […]
Road crash: FRSC confirms three fatalities, returns over N1 million to victims’ families
The Federal Road Safety Corps, FRSC, in Imo State has confirmed that three persons died while others were injured after two fully loaded 18-seater buses got involved in a head-on collision. The crash occurred along the Ngor-Okpala axis of the Owerri-Aba Expressway on Wednesday. FRSC’s Unit Head for the Ngor-Okpala council area, Mrs Angela Fagbemide […]
Business News
Financial inclusion: PalmPay calls for collaboration
Financial technology platform, PalmPay, has called for strategic collaborations in the the financial sector to drive inclusion. This was disclosed during the 2023 annual conference of the Finance Correspondents Association of Nigeria with the theme ‘Strengthening Digital Infrastructure for an Efficient Innovative Payment System in Nigeria,’which held in Lagos. Head of Operations at PalmPay, Foluso […]
World Bank approves fresh $700m loan for Nigeria
The World Bank has approved a fresh $700m loan for Nigeria to enhance adolescent girls’ learning and empowerment. It disclosed this in a statement published on its website on Friday. The new loan is to provide additional funds for an ongoing project known as the Adolescent Girls Initiative for Learning and Empowerment. The statement read, […]
Nigeria’s trade with Africa up 40.8% to N1.84trn
Nigeria’s trade with the rest of Africa increased by 40.8 percent Year-on-Year (YoY) in the first half of 2023 (H1’23) to N1.839 trillion from N1.306 trillion recorded in the corresponding period of 2022 (H1’22). This represents a reversal in the declining trend of the nation’s intra-African trade over the same period since 2020, in terms of […]
FG, NGX To Drive Startup Listings With Tech Board
The Federal Government through the Ministry of Communications, Innovation and Digital Economy has said it intends to collaborate with Nigerian Exchange Limited (NGX) to stimulate startup listings with the newly created NGX Technology Board. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, stated this during a tech event themed; Invest in […]
Govt caused N285bn decline in raw material exports – MAN
The decline in Nigeria’s raw material exports by N285 billion on a year-on-year basis can be attributed to the government’s neglect of the productive sector, the Manufacturers Association of Nigeria has declared. An analysis of Foreign Trade Statistics published by the National Bureau of Statistics showed raw materials exports fell to N345.5bn in the first […]
FMDQ secondary market posted N17.68tn turnover in August
Turnover at the FMDQ Securities Exchange market stood at N17.68tn in August. The figure represents a month-on-month decrease of 11.24 per cent, which amounts to N2.24tn less than the figure in July 2023. This was revealed in its monthly market report obtained by The PUNCH on Thursday. The report showed a year-on-year increase of 13.84 […]
FG may pay N1.68tn fuel subsidy, marketers forecast N900/litre
•Petrol price to rise again as naira nears N1,000, crude oil hits $95, IPMAN warns •Operators commend government for subsidy proposal, CSOs oppose fresh subsidy The Federal Government may spend about N1.68tn as subsidy on Premium Motor Spirit, popularly called petrol, from September to December this year, an analysis of data provided by oil marketers […]
Delisting of GSK, PZ, others to wipe N205bn from stock market cap
About N205.002 billion will be wiped from the Nigerian Exchange Limited (NGX) equities capitalization following the planned delisting of GlaxoSmithKline (GSK) Plc, PZ Cusson Plc, Oando Plc, Coronation Insurance Plc, and Capital Hotel Plc, from the stock market. The proposed delisting of the companies comes barely two months after the delisting of Ardova Plc’s 1.31 billion […]
CBN to stop manual application for MfB’s licence
The Central Bank of Nigeria has introduced a new online platform for the submission of microfinance bank licence applications. According to a statement on Wednesday by the bank’s Director, Corporate Communications, Isa AbdulMumin, the platform is known as the CBN Licensing, Approval and other Requests Portal or CBN LARP. The statement added, “The new online […]
Chams HoldCo lists key achievements, assures investors
Chams Holding Company Plc has unveiled its key achievements at the backdrop of the tough operating environments. Addressing the Management of Nigerian Exchange Limited ( NGX) and stockbrokers during the company’s facts behind the figures event at the stock exchange in Lagos last the weekend, the Group Managing Director, Mrs Mayowa Olaniyan, listed seven […]