archiveFebruary 28, 2024

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...

    Yemi Kale, Nigeria’s former Statistician General of the Federation has assumed a new job as the Group Chief Economist and Managing Director, Research & International Cooperation at the African Export-Import Bank (Afreximbank). In this new role of his, he would support the bank’s mission of stimulating African trade...

The House of Representatives, on Wednesday, turned down the report of its Ad-hoc Committee that investigated the alleged irregularities and corruption in the acquisition of OVH Energy Marketing by the Nigerian National Petroleum Company Limited (NNPCL). The Hassan Abubakar Nalaraba-led committee’s report was discarded after it was debated at plenary...

  The Lagos State Government has arraigned a Pastor of the Redeemed Christian Church of God (RCCG), Emmanuel Orekoya, before the Lagos State Sexual Offences and Domestic Violence Court sitting in Ikeja. He was arraigned before Justice Abiola Soladoye for allegedly raping and impregnating his 17- year-old daughter. The state...

  The President of Nigeria Labour Congress (NLC) Joe Ajaero, on Wednesday, said that it could not proceed with its two-day nationwide protest due to intimidation and threats. The  Punch newspapers reported The NLC and other related unions commenced a national planned protest on Tuesday over the high cost of...

President Bola Tinubu has said that with the structures put in place by his administration, the country will soon be better off, and Nigerians will be out of the current economic hardship. Tinubu assured that he would restructure the country but emphasised that the proper foundations must be laid in...

President Bola Tinubu on Wednesday, February 28, arrived in Lagos after an earlier visit to Ondo state. He arrived around 6 pm. Tinubu is scheduled to commission the Lagos Red Line train on Thursday, February 29. He had earlier paid a condolence visit to the family of the late Rotimi...

The House of Representatives has mandated its Committee on Finance to carry out a comprehensive investigation into the alleged non-remittance of tax revenues amounting to N1.8 trillion and $342 million in Value-added tax, owed the Federal Government  by Multichoice Group, the parent company of digital satellite television providers DSTV and...

  The Nigerian Communications Commission (NCC) has restated its directive for telecom operators to disconnect telephone subscribers who have not linked their National Identification Numbers (NIN) to their SIM cards by February 28, 2024. Dr. Aminu Maida, the Executive Vice Chairman of the NCC, emphasized this during the NCC’s Special...