The Federal Government has announced that it will cease granting licenses to gas companies that lack the capability to construct pipelines for gas distribution. This decision comes in the wake of a tragic gas explosion in Abeokuta, the Ogun State capital, which resulted in the loss of life. Minister of State for Petroleum Resources (Gas),…
The interior ministry of Kenya, on Thursday reported a rise in the death toll from the devastating floods, with 188 people losing their lives due to severe weather conditions. The ministry also stated that 125 individuals have been injured, 90 are missing, and 165,000 have been displaced as a result of the heavy rains, floods,…
The Nigeria Deposit Insurance Corporation (NDIC) has made significant changes to the Maximum Deposit Insurance Coverage that applies to banks in Nigeria. The Managing Director of the NDIC, Bello Hassan, introduced the new coverage standards during a press conference in Abuja. The minimum capital requirements for Deposit Money Banks, Microfinance Banks, Primary Mortgage Banks, and…
The National Bureau of Statistics (NBS) has unveiled a comprehensive report detailing the total capital importation into the country over the past five years. According to NBS, the total capital importation into the country over the past five years has seen a significant decline. Starting from 2019 with $23.99 billion, the figures dropped to $9.68…
The Competition and Consumer Protection Tribunal in Abuja has ordered that its interim order, restraining MultiChoice Nigeria Limited from increasing DSTV tariff, be pasted at the firm’s “corporate headquarters or any known address of the branches of MultiChoice Nigeria Limited across Nigeria.” The chairman of the tribunal, Saratu Shafii, who made the order dated April…
Commercial banks in Nigeria have closed 2.021 million bank accounts in the first quarter of 2024, (Q1’24), to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number, NIN. The Nigerian Interbank Settlement System, NIBSS in its recent report disclosed this fact, which…
The Enugu State Senator representing Enugu North, Okey Ezea has sent a felicitation message to all workers amidst Socio-economic challenges. This message is to commemorate the annual Workers’ Day by the Senator’s media office on May 1 while encouraging all workers to brace up as the country works to overcome these challenges. “On this year’s…
The President of the Trade Union Congress, TUC, Festus Osifo, on Wednesday, urged the Nigerian Electricity Regulatory Commission NERC, to reverse the increase in electricity tariff within one week, saying it was unethical for Nigerians to pay high electricity tariffs. The TUC president who spoke during the 2024 Workers’ Day in Abuja, expressed dissatisfaction with…
President Bola Tinubu heartily congratulates Nigerian workers on the auspicious occasion of Workers’ Day held annually to celebrate the lifeblood of our country. This is confirmed in a press statement by the President’s Chief adviser, Ajuri Ngelale on Wednesday, Commemorating the annually Celebrated Workers’ Day. Tinubu celebrates Nigerian workers across all spheres; the clerical officer,…
In a recent report released by the United Nations, and was obtained by African health report (AHR), it has been revealed that extreme heat significantly raises the risk of stillbirth. The findings underscore the urgent need for action to address the escalating threats posed by climate change to maternal and neonatal health worldwide. Additionally, the…
