archiveFebruary 2024

  Babajide Sanwo-Olu, the governor of Lagos, says the construction of the state’s Fourth Mainland Bridge will commence in April this year. He mentioned this at the commissioning of the Lagos Rail Mass Transit (LRMT) Red Line – a 37-kilometre by President Bola Tinubu Thursday. “I am pleased to announce...

Peter Obi, the presidential candidate of the Labour Party in the 2023 general election, has raised concerns regarding the recent decision by the Monetary Policy Committee (MPC) to increase the Monetary Policy Rate (MPR) to 22.5% and the Cash Reserve Ratio (CRR) to 45%. Obi cautioned that this action could...

  The Lagos state government has begun enforcement of prosecuting pedestrians crossing the highways in the state. The state Commissioner for the Environment and Water Resources, Tokunbo Wahab, last week stated that officials of the state Environmental Safety Corps, popularly known as Kick Against Indiscipline (KAI), alongside other agencies have...

  President Bola Tinubu officially commissioned the Lagos Red Line rail project on Thursday. According to  Governor Babajide Sanwo-Olu of Lagos State ,the Lagos Red Line Mass Transit rail system, is covering a 27-kilometre stretch from Agbado to Oyingbo with eight stations, is expected to transport over 500,000 passengers daily...

  The Nigeria’s Federal House of Representatives has urged the Federal Ministries of Education and Health to collaborate and develop a mandatory drug testing programme for secondary school students in Nigeria. The House also urged the National Orientation Agency and the National Drug Law Enforcement Agency to increase awareness about...

An Amendment Bill seeking to guarantee the autonomy and independence of the Nigeria Deposit Insurance Corporation (NDIC) scaled second reading in the Senate on Thursday. The sponsor of the bill, Senator Mukhail Adetokunbo Abiru, APC, Lagos East, said the proposed amendment is in line with Section 1 (3) of the...

Nobel Laureate, Prof Wole Soyinka, on Thursday, said Nigeria needs to be decentralised for Nigerians to enjoy the country more. Soyinka made the case for decentralisation on Thursday at the PUNCH Newspapers’ 50th-anniversary lecture held at the Civic Centre, Ozumba Mbadiwe Road, Victoria Island, Lagos. The lecture, which was delivered...

  President Bola Tinubu has accused the Nigeria Labour Congress (NLC) of playing politics with its recent nationwide strike action. The NLC embarked on peaceful protests across the country on Tuesday over the economic hardship faced by most Nigerians. But speaking at the commissioning of the Lagos Red Line Train...

Food and beverage company,  Nestlé Nigeria Plc has posted a loss before income tax of N104 billion for the year 2023 compared to a profit before income tax of N71 billion for 2022. In a 2023 financial statement of the company published on the Nigerian Exchange Group website on February...

Nigeria’s first lady, Oluremi Tinubu has flagged off the maiden edition of renewed hope initiative; Women Agricultural Support Programme, (WASP) in Owerri, Imo state. 100 women farmers drawn from the five states of the region received a sum of 500 thousand naira each to drive enhanced productivity in agriculture. The...