News
OUR ECONOMIC REFORMS ATTRACTED $30BN FOREIGN INVESTMENT IN ONE YEAR — TINUBU
Nigeria’s President, Bola Tinubu has disclosed that his administration’s economic reforms have attracted foreign direct investments worth more than $30 billion in the past year. The president announced this during his Independence Day speech, commemorating Nigeria’s 64th anniversary on Tuesday. According to him, various economic reform policies initiated by his administration have led to foreign direct…
BOBRISKY BEGGED ME FOR N3M TO SECURE VIP PRISON SECTION – FALZ
Nigerian rapper and activist, Folarin Falana, popularly known as Falz, has disclosed that Idris Okuneye popularly known as Bobrisky begged him for N3m to secure a VIP section at the Correctional Centre. This clarification comes on Wednesday after Falana’s legal team, Falana & Falana Chambers, issued a letter to Martins Vincent Otse, popularly known as VeryDarkMan,…
FG EXPLAINS MINIMUM WAGE JULY 29 BACKPAY
The Federal Government through the National Salaries, Incomes and Wages Commission has stated that the payment of the new minimum wage will commence from July 2024. Tis was disclosed by the NSIWC Chairman, Ekpo Nta at a press briefing on Tuesday in Abuja. The commission stated that this was because the date in question was when…
NYSC DG BEGS CORPS MEMBERS TO ACCEPT POSTING IN GOOD FAITH
Director General, National Youth Service Corps (NYSC), Brigadier General YD Ahmed, has pleaded with corps members to accept their postings to serve at different communities and various places of primary assignments in good faith. General Ahmed equally begged them to adjust quickly and settle down to the task of nation building and development in their…
BREAKING; UNIBEN students trapped as three-storey building collapses
Unspecified Number of students of the University of Benin have been trapped in a three-storey building that collapsed in Ekosodin, an off-campus aftr a heavy downpour that started in the early hours of Saturday which fell till about 10 am. “The incident happened earlier morning on Saturday. We were on duty when we got the call…
CHOSEN CHURCH DISMISSES VIRAL TESTIMONY CONTROVERSY, URGES CAUTION ON SOCIAL MEDIA
In response to several mockery videos of testimonies emanating from The Lord’s Chosen Charismatic Revival Ministries,the church has responded that it does not fabricate testimonies. Head of Public Relations and Media, Pastor Chidi Louis, clarirified that a viral video, purportedly showing a member claiming to have disarmed four armed robbers and taking possession of an “AK-27,” was fabricated.Louis…
FUEL LANDING COST RISES, MARKETERS FEAR HIGH DANGOTE PETROL PRICE
Oil marketers have raised concern about the delay in announcing the price of Premium Motor Spirit, popularly known as petrol, by Dangote Petroleum Refinery, as they announced that the landing cost of imported Premium Motor Spirit is now about N1,120/litre. The landing cost is the price at which the commodity lands on Nigeria’s shores Dealers stated that high cost of…
JUST IN: PRISON BREAK IN BORNO AMID SEVERE FLOODING
A prison break has occurred at the Custodial facility in Maiduguri, the Borno State capital on Tuesday,as a result of severe flooding and unconfirmed number of inmates have escaped from the correctional centre. Rising waters have breached security barriers and weakened structural supports, allowing inmates to break free from their confinement. Authorities have confirmed that the escapees…
SELL PETROL IN NAIRA TO AFRICAN COUNTRIES, GROUP TELLS FG
A pro-democracy group, Kwara Must Change, has called on the Federal Government to collaborate with the Dangote Group to sell its products, particularly petroleum, to African countries in naira. In a statement made available to PUNCH on Sunday, the Convener of Kwara Must Change, Abdulrazaq Hamzat, emphasised the need for Nigeria to leverage the Dangote…
OPAY, MONIEPOINT, OTHERS BEGINS DEDUCTION OF ELECTRONIC TRANSFER FEE FROM TOMORROW
Fintech companies, including OPay, Moniepoint and others, have announced plans to begin deduction of N50 Electronic Money Transfer Levy (EMTL) from transactions of N10,000 and above with effect from tomorrow, September 9th .This deduction followed a directive by the Federal Inland Revenue Service (FIRS).The mandatory deduction will bring an end to the era of free banking services provided by fintechs, though the…