Barely eight days Procter & Gamble, a multinational consumer company, announced closing its manufacturing operation, Jumia is also on the verge of shutting down its food delivery service, Jumia Food, in Nigeria. The e-commerce giant also planned to exit from Kenya, Morocco, Ivory Coast, Tunisia, Uganda, and Algeria, by the end of December ...
•Justice Kazeem Alogba The Chief Judge of Lagos State, Justice Kazeem Alogba, has advised judges not to die on the job, but retire if they can no longer do well on the bench. Alogba gave the advice at the public presentation of book written by the Lagos State Attorney-General and Commissioner for Justice, Mr Lawal […]
•Trade minister, Doris Anite The Ministry of Industry, Trade, and Investment has debunked a report that claimed that it allegedly allocated the sum of N1 billion for a foreign trip to Geneva, Switzerland in 2024. The Ministry’s spokesperson, Toluwalase Moyan, in a statement, refuted the report, saying it was an extreme misrepresentation of the...
•CBN Governor Yemi Cardoso Critical flaw in the implementation of the naira redesign policy is responsible for the prevailing cash scarcity, Central Bank of Nigeria (CBN) Governor Yemi Cardoso, said yesterday. Cardoso acknowledged the “glaring defects” in various CBN policies and announced a comprehensive review initiative, reports The Nation....
•NDDC headquarters in Port Harcourt, Rivers State After an intense and rigorous selection process largely driven by technology, the Niger Delta Development Commission (NDDC) has awarded scholarships to 200 successful candidates from the region to pursue Master’s Degrees overseas. The NDDC Foreign Postgraduate Scholarship programme which starte...
•Artistic director Greta Gerwig The Cannes Film Festival announced today that Greta Gerwig, director of summer blockbuster “Barbie”, will preside over the jury at its 77th edition in May. The 40-year-old Gerwig, also an actor and screenwriter, takes the baton from Sweden’s Ruben Ostlund, whose jury awarded the 2023 Palme d’Or to courtroom dram...
The Ekiti State Police Command has vowed to arrest the perpetrators of a bank robbery in the Ikere-Ekiti area of the state. Robbers had attacked two new-generation banks in Ikere-Ekiti yesterday evening, carting away an undisclosed amount of money with three persons feared killed. In a statement after the incidents, the police spokesman in the...
The naira depreciated yesterday to N1,260 per dollar in the parallel market from N1,220 per dollar Tuesday. Similarly, the naira depreciated to N904.65 per dollar in the official Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N904.65 per dollar from N865.03 per dollar on Tues...
•US President Joe Biden The US House of Representatives voted yesterday to formalize an impeachment inquiry into President Joe Biden, escalating Republicans’ battle with Democrats ahead of the 2024 election in a move Biden himself slammed as a “baseless” stunt. Republicans, seizing on Biden’s son Hunter’s controversial international dealings, ...
The World Bank has said the Tinubu-led federal government may still be paying for petrol subsidy as fuel prices in Nigeria are currently not cost-reflective. It said Nigerians should pay about N750 per litre as against the current price of N650 in some places. Petrol is already selling at around N690 in Kano and Sokoto, […]

