From Our Correspondent The Nigerian Railway Corporation recorded a 49.73 per cent decline in passenger freight, convening 672,198 passengers in Q4 of 2023, according to the National Bureau of Statistics (NBS) TheNewsZenith reports that this decline is against 1,337,108 people who travelled via rail system in the corresponding quarter of 2022. NBS gave these figures […]
Cote d’Ivoire’s President Alassane Ouattara will increase the official cocoa farmgate price to 1,500 CFA francs ($2.47) per kilogramme from next Tuesday from the current 1,000 CFA, sources at five different export companies said. The sources, who requested anonymity, said they were citing a decision at a government meeting on Saturday. Earlier, Ouattara had validated […]
By Our Correspondent Lagos Island residents, on Sunday, trooped out en mass to buy food items at the Food Market Hub facilitated by Mrs Omolara Oyekan-Olumegbon, a lawmaker representing Lagos Island Constituency I in the State House of Assembly. TheNewsZenith reports that Oyekan-Olumegbon organised the market hub, tagged “Senator Oluremi Tinubu Food Bank” at the […]
From Our Correspondent Ashraaf Islamic Foundation and the Nigerian Armed Forces have called on Nigerian Muslims to always seek ways to balance religious rites, public safety and national security. They made the call during the seventh Annual Ramadan Lecture and Prayers for the Nation, on Saturday, in Abuja. TheNewsZenith reports that the theme of the […]
ADVERTISEMENTFrom Abdulfatah Babatunde The Nigeria Police Force says it made significant progress in its investigation into the tragic ambush and killing of six policemen on Feb. 26. To this end, the Police have arrested eight suspects in connection with the brutal ambush attack. ACP Olumuyiwa Adejobi, Force PRO, announced this in a statement emailed to […]
From Our Correspondent The Central Bank of Nigeria (CBN), on Thursday, announced new minimum capital requirements for banks to enhance banks’ resilience and strengthen the country’s financial system. The Apex bank said it is pegging the minimum capital base for commercial banks with international authorisation at N500 billion ($353.32 million). It also said it will […]
Global oil prices edged up on Thursday, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode. Brent crude futures for May were up 29 cents, or 0.34 per cent, at $86.38 a barrel while the more actively traded June contract […]
From Our Correspondent The Federal Government has pledged to support the training of workers in its teaching hospitals and other tertiary health institutions to meet emerging challenges in healthcare delivery. Vice-President Kashim Shettima gave the assurance when he received the management of the University of Maiduguri Teaching Hospital, on Wednesday at the presidential villa, Abuja. […]
By Muhammed Opeyemi A 39-year-old man, Chibuike Ajunwa, was on Wednesday, remanded in Kirikiri Correctional Centre for allegedly defiling a seven-year-old girl. The prosecutor, SP Kehinde Ajayi, told the court that Ajunwa, who lives in Igando, Lagos defiled the seven-year-old girl. Ajayi said the offence contravened the provisions of Section 27 and is punishable under […]
From Our Correspondent Dr Abike Dabiri-Erewa, Chairman of Nigerians in Diaspora Commission (NIDCOM) has felicitated with Prof. Senayon Olaoluwa, appointed the first Director-General of the newly created Diaspora Centre of Excellence. The felicitation is contained in a statement signed by Abdur-Rahman Balogun, the Director of Media, Public Relations and Protocols Unit NiDCOM, on Monday, in […]