FX loans
8 Aug 2024
Dangote Group's three listed companies including Dangote Sugar Refinery, National Salt Company of Nigeria (NASCON) and Dangote Cement incurred combined foreign exchange (FX) losses of close to N400 billion in half-year (HI) operations.
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6 mins ago
European Union (EU) ambassadors has backed the 16th sanctions package on Russia, just days before the third anniversary of Moscow’s full-scale invasion of Ukraine, the Polish EU presidency announced on Wednesday. The measures set for formal adoption by foreign ministers, targeted captains and owners of Russia’s so-called shadow fleet vessels with murky ownership that were…
7 mins ago
Malian director Souleymane Cisse, one of the fathers of African cinema, died on Wednesday in a Bamako clinic aged 84, his daughter told AFP. "Papa died today in Bamako. We are all in shock. He dedicated all his life to his country, to cinema and to art", Mariam Cisse said. Cisse won the jury's prize…
8 mins ago
The Democratic Front (TDF) has announced that ongoing reforms in Nigeria’s maritime industry are expected to create 20,000 new jobs. In a statement issued by the group’s chairman, Malam Danjuma Muhammad, on Wednesday in Abuja, he emphasised that plans to dredge key ports would be crucial in helping Nigeria regain its status as West Africa’s…
13 mins ago
The Vice-Chancellor of Trinity University, Yaba, Lagos State, Prof. Clement Kolawole, has called for compulsory one-year engagement of students in skill acquisition programme after their junior secondary school. Kolawole made the call in an interview with the News Agency of Nigeria (NAN) in Lagos. He was reacting to Federal Government‘s proposal to scrap the 6-3-3-4…
18 mins ago
Vice-President Kashim Shettima said on Wednesday that posterity would judge leaders of the country harshly if they allowed public schools to collapse. Shettima said this at the public presentation of tablets donated by the MTN Nigeria Communications Plc to students of Government Science Secondary School, Pyakasa, Maitama, Abuja. He said President Bola Tinubu was passionate…
21 mins ago
The Transmission Company of Nigeria (TCN) has announced that the power sector achieved a new peak generation of 5,543.20MW for the year 2025 on Friday, February 14, 2025, at 11:00 p.m. The new peak surpassed the previous peak of 5,478.73MW recorded on Thursday, February 13, 2025. In a statement, the TCN said the new Maximum…
27 mins ago
The Police on Wednesday, arraigned a 28-year-old man, Jimoh Abdulramon, in an Ado-Ekiti Chief Magistrates’ Court over alleged battery of his wife. The defendant, whose address was not given, is facing a charge of battery. The Police Prosecutor, Insp Olubu Apata, told the court that the defendant committed the offense on Feb. 14, in Ado-Ekiti.…
33 mins ago
Anti-graft agencies, including the Economic and Financial Crimes Commission (EFCC), on Wednesday, in Abuja downplayed the global corruption rating of Nigeria, which remains poor, insisting that corruption has significantly reduced in the country. According to the Transparency International Corruption Perceptions Index (TI-CPI), Nigeria’s corruption rating has fluctuated between 154 and 140, with 2024 recording a…
36 mins ago
The Bauchi State House of Assembly has called for the establishment of Science and Technical Education Board 8n the state. Nasiru Ala, Chairman, House Committee on Education, stated this on Wednesday during an oversight visit to the Ministry of Education. He said the establishment of the board was a significant step towards advancing the education…
37 mins ago
The Executive Secretary of the Nigerian Christian Pilgrim Commission (NCPC), Bishop Stephen Adegbite, says Pilgrimage is not tourism, but rather a spiritual rejuvenation. Adegbite said this during the airlift of the 8th batch of intending Christian pilgrims of Ebonyi to Israel and Jordan at the Akanu Ibiam International Airport, Enugu, on Wednesday in Enugu. A…