INSTANT NEWS

The Federal Executive Council (FEC) has commenced, with President Muhammadu Buhari presiding. The meeting, which is holding in the Executive Council Chambers at the Presidential Villa, Abuja, holds every Wednesday. The Vice President, Professor Yemi Osinbajo, and other cabinet members were also in attendance at the meeting which took off immediately after...

The World Health Organization, WHO, has warned that the Coronavirus, also called Covid-19 has the potential to reach every country on the planet. This is as new cases of the virus continue to rise in more countries. Nigeria yesterday, confirm a case of the disease in Lagos, one of its largest cities. WHO has now warned that the disease has continued...

Some Americans have denied knowing popular singer, Davido despite his recognition in Nigeria music industry. Davido was a spectator at the NBA clash between the Washington Wizards and Cleveland Cavaliers at the Capital One Arena, Washington DC penultimate week In a video posted on Washington Wizards Instagram page, the ‘Assurance’ crooner was given...

The Chief Executive Officer of Zenith Bank Plc, Ebenezer Onyeagwu, said the tier-1 bank has begun collaborating with fintech companies to drive payment solutions and other products for its customers. This comes as the Nigerian digital economy keeps evolving significantly, even as more people continue to switch from the conventional ways of transaction...

The Managing Director and Chief Executive Officer of Guaranty Trust Bank plc, Segun Agbaje, is set to lead a conversation at Social Media Week Lagos on Thursday, February 27, 2020. Tagged “Going Beyond the Digital Experience,” Segun Agbaje’s Keynote at the Social Media Week 2020 will focus on the role of banks in Africa’s rapidly changing digital and financial...

The House of Representatives on Wednesday began the process to investigate the excessive charges by Banks on accounts of both private and public customers, including that of the National Assembly. The House consequently, mandated its Committee on Banking and Finance to liaise with relevant Agencies to determine the reasons for the excessive charges on...

The Senate on Wednesday approved the nomination of Kingsley Isitua Obiora as Deputy Governor of the Central Bank of Nigeria. President Muhammadu Buhari had asked the Senate to okay the nomination of Obiora as Deputy Governor of the Central Bank of Nigeria. Buhari’s request was contained in a letter addressed to the Senate President, Ahmad Lawan which was...

The All Progressives Congress, APC, in Lagos State has said its national leader, Asiwaju Bola Tinubu is qualified to be the president of Nigeria in 2023. Giving reasons, the party said Tinubu’s commitment, resourcefulness and pedigree put him in good stead to lead Nigeria. The newly-elected Secretary of State Party, Lanre Ogunyemi (Secretary) said this...

Zenith Bank Plc has traded in a range between N16 per share and N26.2 per share in the past year. Its one year stock return stands at -11.4 percent, even as after-tax profits rose by 8 percent according to its 2019 results released on Friday. The stock still trades at a discount to book value with price-to-book (P/B) ratio of 0.71, all the while sporting...

President Muhammadu Buhari is expected in Ondo state Monday (today) for the commissioning of the Ore flyover and industrial park as part of activities to mark the third anniversary of the administration of Governor Oluwarotimi Akeredolu in office. The chairman of the anniversary planning committee and Commissioner for Finance, Mr Wale Akinterinwa disclosed...

One person was said to have been killed by gunshots allegedly fired by policemen who were deployed to Sagamu to disperse youths who were protesting the alleged killing of a footballer, Kazeem Tiyamiyu on Saturday. Residents of Sagamu have alleged that the footballer was killed by the men of the Special Anti-Robbery Squad (SARS), maintaining that they...

The Ijaw Youth Council, IYC, Worldwide has warned politicians in Bayelsa State against resorting to violence, following the Supreme Court ruling which declared Douye Diri as governor. IYC said desperate politicians bent on causing chaos due to the Supreme Court ruling should desist in the interest of the state and the entire Niger Delta region. Recall...

The All Progressives Congress (APC) on Thursday approached the Supreme Court seeking review of its earlier judgement that sacked David Lyon as the Bayelsa governor-elect a day to his swearing-in The party wants the apex court to reverse its judgment in an application filed by its team of lawyers led by Chief Wole Olanipekun (SAN), with Prince Lateef...

Frank Dallas, a Nollywood actor and production manager is dead. The actor who is popularly known as “Adedibu” or “Killer” in movies reportedly died in a hotel in Abia State on Wednesday. The National President of AGN, Mr Emeja Rollas, who confirmed the death also declared three days of mourning for the late actor. A statement which was...

The Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) has been reorganized by President Muhammadu Buhari. President Buhari on Wednesday replaced Barrister Joy Nunieh with Professor Kemebradikumo Pondei, as Acting Managing Director. Buhari also approved the enlargement of the IMC from three to five. The five members...

The Senate on Tuesday mediated in the dispute between the Rite Foods Limited, makers of Bigi soft drinks and the Seven-Up Bottling Company Plc in Abuja. The management of the Rites Food Limited had petitioned the Senate over alleged threat to the security and existence of Rites Foods Ltd, Ososa, Ogun State by the Seven-Up Plc. The matter was referred to...

The Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) has been reorganized by President Muhammadu Buhari. President Buhari on Wednesday replaced Barrister Joy Nunieh with Professor Kemebradikumo Pondei, as Acting Managing Director. Buhari also approved the enlargement of the IMC from three to five. The five members...

Former Secretary to Ogun State Government, Barr. Taiwo Adeoluwa, on Thursday, commended the immediate past administration of Sen. Ibikunle Amosun, allegedly for laying the foundation for a $250million grant, which the World Bank just approved for the state. It will be recalled that Amosun, during his tenure, approached the World Bank for a loan of $350million. However,...

The Secretary to the Government of the Federation (SGF) Boss Mustapha on Tuesday criticised those calling for the sack of Service Chiefs. Mustapha declared the administration of President Muhammadu Buhari will not sack the Service Chiefs now. He said there are processes that must be followed to effect their sack. According to him: “We are in a very difficult...

Nigeria has moved up four places in the February FIFA rankings released on Wednesday. The Super Eagles now occupy the 31st position in the world and are third in Africa. Senegal remains the best on the continent and 20th in the world, while Tunisia moved up to 27th position. Algeria (35th) and Morocco (43rd) complete the top five in Africa. Globally,...

The Central Bank of Nigeria (CBN) has disclosed plans to commence recycling of mutilated naira notes by partnering with private firms in the country. The apex bank disclosed that although it destroys about 100 tonnes of bad naira notes weekly through open-air burning at the 12 disposal centres stationed across the country. The regulator...