Fitch Ratings
5 Jun 2024
Fitch Ratings has stated that the ongoing foreign exchange (FX) reforms are necessary to boost foreign direct investment (FDI) and foreign portfolio investment (FPI). Director of Sovereigns at Fitch, Gaimin Nonyane, at a presentation on Monday, stated that Nigeria’s current account (CA) will be strengthened by increasing oil refining capacity, but the reforms are still…
Latest
NOW
A Benin High Court on Wednesday sentenced one Emmanuel Esene, 24, to two years in prison for Internet fraud. The Presiding Judge, Justice Williams Aziegbemhin, also ordered that he should forfeit one IPhone 14 pro max, the instrument with which he committed the crime to the Federal Government. The judge said he should also forfeit…
4 mins ago
The Police Command in the Federal Capital Territory (FCT) said it has neutralised 16 suspected kidnappers and armed robbers and also arrested 300 suspects over criminal offences in two months. The Commissioner of Police (CP) in charge of the FCT, Mr Olatunji Disu, said this during a media briefing in Abuja on Wednesday. Disu said…
12 mins ago
The Nigerian Red Cross Society (NRCS) is urgently appealing for greater local support as it faces a severe funding crisis. It said with sustained financial backing from federal, state, and local governments reducing, the organisation had been left heavily reliant on foreign aid to carry out its vital humanitarian work. Mr Oluyemisi Adeaga, President of…
20 mins ago
Governor Monday Okpebholo of Edo, on Wednesday warned contractors handling projects in the state to work according to specifications and timeline or face contract termination. Okpebholo, who gave the warning while inspecting ongoing road projects and drainage in Benin, expressed disappointment over the slow pace of some projects. He particularly criticised the contractor handling Orior-Ozolua…
23 mins ago
The National Human Rights Commission (NHRC) has lexpressed concern over the proposal by the National Agency for Food and Drug Administration Control (NAFDAC) for the death penalty for those involved in the sale of counterfeit drugs. The Executive Secretary of the NHRC, Dr Tony Ojukwu, SAN, while presenting the commission’s dashboard report on Wednesday, said…
37 mins ago
Ogun State Governor, Prince Dapo Abiodun, has described former President Olusegun Obasanjo as an advocate for peace, security, and development. Governor Abiodun also stated that the former president’s legacies extend beyond Nigeria and Africa. The governor made this statement during an event organized to celebrate Obasanjo’s 88th birthday, held at the Olusegun Obasanjo Presidential Library,…
59 mins ago
The Students’ Union Government (SUG) of the Federal University, Oye-Ekiti (FUOYE), on Wednesday, staged a protest against what they described as deliberate attempt by the SSANU National Women’s Committee to destabilise peace of the university. The News Agency of Nigeria (NAN) reports the students led by it’s Vice President, Eniola Olaniyan, marched through the university…
1 hour ago
The National Agency for Science and Engineering Infrastructure (NASENI) has urged Nigerians to patronise made in Nigeria products as a way of investing in the country’s future and boosting its economy. The Coordinator, NASENI Implementation Management Office (IMO), Mr Yusuf Kasheem, made the call on Wednesday in Abuja at a Strategic Focused Group Meeting on…
1 hour ago
Gospel singer Mercy Chinwo has filed a N1.1 billion defamation lawsuit against blogger Martins Vincent Otse, popularly known as VeryDarkMan, at the High Court of the Federal Capital Territory, Abuja. The lawsuit follows a series of social media posts in which the blogger allegedly made false and damaging statements against Chinwo, accusing her of being…
1 hour ago
Governor Peter Mbah of Enugu State has urged Christian faithfuls to see the 2025 Lenten season as a time for forgiveness, penitence, charity, empathy, and sacrifice. Mbah made the call during a Holy Mass to mark Ash Wednesday at the Government House Chapel, Enugu. “For us as Christians, this is a journey of 40 days…