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faith Jegede

CBN Bans Banks From Utilising Naira Devaluation Gains 

The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilizing gains from the revaluation of the naira to pay dividends or finance operations.

Umahi Tackles Contractor Over Shoddy Job

The new minister of works, Senator Dave Umahi who is on a familiarization tour of the federal roads across Nigeria, slammed a contractor handling roads in the East, for doing shoddy jobs.

FG Hikes Electricity Meters Price By 40%

The Federal Government, on Wednesday, announced an increase in the prices of single-phase and three-phase pre-paid electricity meters and declared that the hike takes effect from September 6, 2023.

NANS Tackles DSS, To Storm UNILAG Tomorrow

The National Association of Nigerian Students has warned the Department of State Services not to try to deter students from exercising their rights to protest, saying this is a universally recognised human right.

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Kremlin Threatens Ukraine Missile Plants Over UK Backing

The Kremlin has accused Britain of undermining efforts to achieve peace in Ukraine by providing Kyiv with information that could help it manufacture SCALP long-range missiles domestically, warning that facilities producing the weapons could be targeted. The warning came on Monday as British Prime Minister Andy Burnham visited...

NRC Links Possible Wheel Defect To Warri-Itakpe Train Derailment, Rules Out Track Vandalism

The Nigerian Railway Corporation (NRC) has said a “possible sudden development of a bogie or wheel defect” may have been the main factor behind the June 8, 2026 derailment of the Warri-Itakpe Train Service in Delta State. The corporation also identified the “possible manner of brake application” as...

Oyo Market Fire Destroys Hundreds Of Shops In Early Morning Blaze

An early morning fire has destroyed several shops at a market in Oyo State, leaving traders counting their losses after the blaze swept through parts of the market. The fire reportedly started around midnight on Monday and affected businesses operated by gold dealers, furniture sellers, second-hand clothing traders...