Amidst tight monetary policy and economic contractions, loan portfolio of leading Deposit Money Banks in Nigeria expanded by 57 percent to N37.17 trillion in 2023 against N23.68 trillion recorded in 2022. The large credit growth was driven by Access Bank, Zenith Bank, First Bank, Guaranty Trust, United Bank for Africa (UBA) Plc, Fidelity Bank, GT Bank, Stanbic […]
Human rights lawyer, Femi Falana, said the Federal Government is working in the interest of the International Monetary Fund (IMF) and the World Bank following a hike in electricity tariff. Falana stated this in an interview on Channels Television’s Politics Today on Monday. He said, “The Honourable Minister of Power is acting the script of the IMF […]
The Nigeria Institute of Journalism, NIJ, will soon move from the present status to the degree awarding institute. Chairman, NIJ Governing Council, Aremo Olusegun Osoba, gave the assurance, yesterday, during the turning of the SOD for the construction of the 350-seater Kesington Adebutu Media Resource Auditorium, in the institute. Osoba, two-time Ogun State governor, who […]
The National Security Adviser, Nuhu Ribadu, said social media have become a priority and issue of national security. Ribadu stated this in Abuja at a meeting with spokespersons of organisations under the umbrella of Strategic Communication Interagency Policy Committee. According to the NSA, negative use of social media constituted both local and global threats. Ribadu […]
The Naira yesterday depreciated to N1,340 per dollar in the parallel market, from N1,300 per dollar last week Friday. Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,419.11 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,419.11 per dollar from N1,339.23 per dollar last […]
The Oduduwa Development Congress (ODC) has disputed claims by the Minister of the Federal Capital Territory, Mr Nyesom Wike, that he played a significant role in bringing President Bola Ahmed Tinubu to power. The group said Wike’s claim is merely a product of his imagination. ODC emphasised that Nigerians, not Wike, made Asiwaju Bola Tinubu their […]
Nigerian singer, Davido has lashed back at his rival WizKid for mocking him and Don Jazzy in a now-viral post. Recall WizKid who came all out, shared some posts about Davido which didn’t seem to go all well with the sensational singer. Reacting, Davido in a tweet late Monday, called out Wizkid while labelling the latter as a “sick […]
The Nigerian National Petroleum Company Ltd. (NNPCL) has assured Nigerians that the ongoing fuel scarcity and queues will be cleared out by Wednesday, May 1. Chief Communications Officer, NNPCL, Mr Olufemi Soneye stated this on Tuesday in Lagos. According to Soneye, the company currently has an availability of products exceeding 1.5 billion litres, which can […]
The Nigeria Football Federation has garnered commendations from former Super Eagles players following the appointment of George Finidi as the new coach for the men’s senior national team but adds that he must be supported to succeed, The PUNCH reports. On Monday, the NFF board endorsed the recommendation of its Technical and Development Committee to […]
Matchroom Boxing promoter Eddie Hearn has outlined Anthony Joshua’s next options as he eyes up a heavyweight world title or a potential shot against one of the biggest names in the division, following on from his impressive performances under Ben Davison. Joshua teamed up with Davison ahead of his showdown with Otto Wallin in December […]
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