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Daily Post
now
Ondo Govt suspends Sunshine Stars general manager
The general manager of Sunshine Stars General, Tunde Ogunja, has been suspended by the Ondo State Government. The suspension of Ogunja was announced by the Ondo State Commissioner for Youth Development and Sports, Hon. Sara Yusuf-Ogunleye, on Tuesday. Yusuf-Ogunleye stated that the decision was part of the bid to repos...
Sahara Reporters
now
Russian Deputy Defense Minister Arrested Over Suspected Large-scale Bribery
Kremlin spokesman Dmitry Peskov told the media that Russian President Vladimir Putin and Defense Minister Sergey Shoigu had been briefed on the arrest. Earlier on Tuesday, Ivanov took part in an extended ministerial meeting led by Shoigu that included numerous senior Russian officials and top military commanders, accor...
Within Nigeria
now
EFCC arrests former aviation minister, Hadi Sirika, over N8bn Nigeria Air fraud
Sirika is being grilled by the anti-graft agency in connection with an ongoing investigation related to money laundering amounting to N8,069,176,864.00. It’s gathered that the accused ex-Minister of Aviation appeared at the EFCC’s Federal Capital Territory Command around 2:00pm on Tuesday. Sources familiar with...
myschoolgist.com
now
Federal Government Sets Age Limit for University Admissions in Nigeria: A New Directive Aims to Ensure Student Readiness and Support
Within Nigeria
now
''˜Drake signed his soul to the devil'' ''“ Kanye West
Kanye West’s comments came after he featured on the ‘Like That’ remix by Future and Metro Boomin, which he said he was drawn to because of the excitement surrounding Drake’s decline in the hip-hop scene. “It’s like he [Drake] signed his soul to the devil to not be cool with me. This is h...
Daily Post
now
Naira continues to slump against dollar despite CBN''s intervention
The naira has continued its depreciation against the US dollar for the fifth time despite the Central Bank of Nigeria’s sale of foreign currencies to legitimate Bureau De Change operators. FMDQ data showed that the naira dropped to N1,300.15 per dollar on Tuesday from N1,234.49 traded on Monday. The figure repres...
nairametrics.com
now
Turkey set to drill oil off Somali coast from 2025
Somalia in early March had signed a new oil and gas deal with Turkey which officials of both countries said would aid cooperation in the exploration and exploitation of petroleum products. The deal was inked in Istanbul by Somalia’s Petroleum and Mineral Resources Abdirisaaq Omar Mohamed and Turkish Energy Minister A...
nairametrics.com
now
Microsoft introduces smaller AI model, Phi-3, to lower costs for users globally
Announcing the new model via a statement on Tuesday, Microsoft said the Phi-3-mini can outperform models twice its size across a variety of benchmarks that evaluate language, coding, and math capabilities. According to the company, smaller AI models are designed to perform simpler tasks, making it easier to use by comp...
Daily Post
now
Troops eliminate 2 terrorists in Zamfara
The Nigerian Army said its troops deployed for counter-terrorism operations in Zamfara and Kastina states have successfully neutralised two terrorists who attempted to abduct some civilians. The army, in a post on its official X handle on Tuesday, said the troops also rescued the victims. It said that the troops respon...
nairametrics.com
now
7 Views
Kenya''s second-hand clothing imports from China rises by 86%
Second-hand clothing imports mostly from China is Kenya’s largest source of low-cost used clothing with an enormous number of buyers in the country. According to the East African, Data from Chinese authorities shows the country exported 31,594 tonnes of second-hand clothing and accessories to Kenya between January an...
nairametrics.com
now
7 Views
NASR coalition calls for clear nutritional labelling on infant formulas to combat sugar intake in Nigeria
The coalition’s appeal follows an investigative report, revealing alarming sugar content in baby formulas, particularly those distributed by multinational consumer goods giant Nestlé in African markets. According to the report, certain Cerelac varieties sold in Nigeria contain as much as 6.8 grams of sugar per s...
nairametrics.com
now
10 Views
NMPDRA sets natural gas price at $1.57/MMBtu, lower than industry rate
This was disclosed in a statement by the Programme Director/Chief Executive Officer, Presidential Compressed Natural Gas initiative (PCNGi) Michael Oluwagbemi.), on Monday. According to the statement, the NMPDRA has set CNG for various forms of transportation as a special status and would serve as a subset of gas-to-co...
nairametrics.com
now
9 Views
NAFDAC seals 50 retail outlets in Kaduna over unhygienic sale of edible oil
Website Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME | © 2024 Nairametrics Login to your account below Fi...
nairametrics.com
now
13 Views
UPS beats analysts'' expectations with earnings of $1.43 per share in Q1
According to Bloomberg report, UPS’ shares rose 1.4% before regular trading in New York. The stock fell 7.5% this year through Monday’s close. Tomé is trying to expand sales and profit amid soft demand for package delivery coming out of the pandemic. UPS last month said it expects consolidated revenue to climb as ...
nairametrics.com
now
8 Views
Oando Plc posts N81.2 billion loss in FY 2022, cites challenges with militancy and pipeline vandalism
It’s 2023 FY results is also being expected as regulatory compliance efforts continues. According to the Company’s statement, in its downstream business, Oando sold approximately 21.8 million barrels of crude oil under various contracts with NNPC Ltd. In addressing the operational challenges faced during th...
Daily Post
now
7 Views
Gaps in girls'' education prompted formation of alternative high school – Oluremi Tinubu
The First Lady, Oluremi Tinubu, has described her support for the education of the girl child as a response to the yawning gap in girls’ education in Nigeria. She made this known while launching the Alternative High Schools for Girls on Tuesday in Osogbo, the Osun State Capital. The First Lady noted: “This ...
nairametrics.com
now
9 Views
Official exchange rate falls 17.4% in 5 days, hit month to date low of N1300/$1
The exchange rate has now weakened by 17.5% in a matter of 5 days as concerns mount over the central bank’s ability to sustain the gains recorded in recent weeks. According to data from the FMDQ, the exchange rate closed at at N1,300.15/$1 on a total daily turnover of $133.65 million. Over the weekend, the Centra...
Guardian NG
2min
12 Views
Kogi Assembly wants Yahaya Bello's name removed from EFCC wanted list
EFCC declared Bello alongside Ali Bello, Dauda Suleiman and Abdulsalam Hudu on 19-count charges bordering on money laundering to the tune of N80, 246, 470,089.88 A member of the House representing Ajaokuta State Constituency in the House, Jibrin Abu, raised the motion. The motion is titled “A call to end all false, f...
nairametrics.com
3min
10 Views
Power crisis: FG commences unbundling of 11 DisCos along state lines
Adelabu, who stated that the privatisation of these DisCos would not be reversed, stressed that the power firms would be broken into more efficient structures along state lines to be able to deliver on their mandates. He also revealed that over 100 projects of the Transmission Company of Nigeria (TCN) have not been com...
nairametrics.com
3min
9 Views
Stocks Decline Amid Currency Fluctuations, Nestle Nigeria Reports Forex Losses
Stocks experienced another downward trend, with the All-Share Index dropping by 2.71% to close at 99,539.75 points, and market capitalization at 56.29 trillion Naira. Despite the market downturn, the general ASI is up 33% year-to-date, likely to dip below the inflation rate. Nestle Nigeria Plc reported that 94% of its ...
nairametrics.com
3min
7 Views
ILO report: Over 70% of global workforce face ''˜cocktail'' of climate-related health hazards
It also discusses how various countries are updating or introducing new legislation, regulations, and guidelines, as well as enhancing climate mitigation strategies, such as improving energy efficiency in workplaces. According to the ILO’s findings, more than 2.4 billion workers, out of a total global workforce o...
nairametrics.com
8min
13 Views
ASR Africa kicks off the construction of a N250 million Abdul Samad Rabiu sport complex for the University of Jos
Speaking at the event, the Vice Chancellor of the University, Prof. Tanko Ishaya, praised the Chairman of ASR Africa, Abdul Samad Rabiu for the critical facility intervention. He mentioned that at the time of the institution’s nomination by ASR Africa for this laudable project, the university management was concerned...
nairametrics.com
8min
15 Views
NESG, CWEIC laud the potential of LFZ to contribute to Nigeria''s GDP
Aduloju made this declaration while leading a delegation of Nigeria Economic Summit Group alongside the Commonwealth Enterprise and Investment Council (CWEIC) headed by its Chief Executive, Rosie Glazebrook, on a courtesy visit to Lagos Free Zone, Ibeju Lekki, on Friday, April 19, 2024. Aduloju explained that the integ...
nairametrics.com
8min
13 Views
Leadway Pensure records 25% growth in revenue in 2023
Speaking on Leadway Pensure’s season of revenue and investment growth, Chief Executive Officer of Leadway Pensure, Mr. Lanre Idris, stated that this outstanding achievement further solidifies the company’s position as a value-driven, growth-oriented organisation with a unique drive thereby positioning PFA a...
Daily Post
13min
11 Views
Ibrahim, Omogoroye demand cancellation of APC primaries in Ondo
Senator Jimoh Ibrahim and Folakemi Omogoroye, who were among the 15 aspirants that contested the April 20 primaries of the All Progressives Congress, APC, in Ondo State, have denounced the alleged irregularities recorded during the exercise. The two aspirants, who called for the cancellation of the outcome of the exerc...
nairametrics.com
13min
13 Views
MRS Oil Nigeria seeks shareholders'' approval to delist from NGX
The decision to exit from the NGX was contained in the notice of an Extraordinary General Meeting to be held in Lagos on May 21, 2024. The company will also seek shareholders’ approval for its Memorandum and Articles of Association (MemArts) to be modified to allow for a share buyback and share capital reduction. Thi...
nairametrics.com
13min
16 Views
Bears dominate as stock tumble 353.51 points, shedding N200 billion in value
The All-Share Index fell by 353.51 points, ending at 99,311.54 points, indicative of a general pessimistic investor sentiment. There was also a downturn in market capitalization, which saw a reduction of about N200 billion, settling at N56.167 trillion from a previous N56.367 trillion. This downward trend was largely d...
nairametrics.com
18min
10 Views
Microsoft, Coca-Cola sign $1.1 billion technology deal
The statement noted that the collaboration underscores Coca-Cola’s ongoing technology transformation, underpinned by the Microsoft Cloud as Coca-Cola’s globally preferred and strategic cloud and AI platform. Through the partnership, the companies will jointly experiment with groundbreaking new technology like Azure...
Sahara Reporters
18min
13 Views
Open Letter To Health Minister, Prof. Muhammad Ali Pate On Nigeria''s Mental Health Crisis, By Halima Layeni
I pen this letter to you with a heavy heart, but also with a fervent hope for change. As the Minister for Health and Social Welfare, you shoulder the immense responsibility of safeguarding the well-being of every Nigerian. Yet, amidst the myriad challenges we face as a nation, one issue stands out as a glaring i...
Sahara Reporters
18min
11 Views
The Bombs On Gaza And Biafra, By Cyril U. Orji
Sahara Reporters
23min
12 Views
When We Give Charity, We Subsidise Failure Of Nigerian Government And Discourage People From Holding Public Officials Accountable ''“Aisha Yesufu
She made the remarks during an exclusive interview with Rudolf Okonkwo on 90MinutesAfrica on Sunday. "We are playing the role of government by providing charity for people," the member of the Obi-Datti Presidential Campaign stated. She explained that the Nigerian government has said they can no longer continue subsidis...
Sahara Reporters
23min
13 Views
Dana Air Confirms 83 Passengers Evacuated From Ill-Fated Plane, Says It's Cooperating Fully With Investigation
The Nigerian Safety Investigation Bureau (NSIB) earlier said it had begun an investigation into the incident. A photograph of the aircraft obtained by SaharaReporters on Tuesday had captured the moment after the aircraft moved out of the runway. It was also gathered that although there was panic, the passengers w...
nairametrics.com
23min
13 Views
Dana Air flight skids off runway at Lagos airport, no injuries reported
Website Save my name, email, and website in this browser for the next time I comment. Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME | © 2024 Nairametrics Login to your account below Fi...
Sahara Reporters
28min
11 Views
Yoruba People Who Thought Tinubu Meant It Was Their Turn When He Said ''˜Emilokan'' Now Understand He Doesn''t Represent Them ''”Sowore
Sowore made this known in his speech at a recent event organised by his supporters in New York, United States of America. He lamented that Nigerians had yet to rescue the country from the political class that contributed immensely to the current socio-economic challenges facing the country. Sowore added that the same p...
Sahara Reporters
28min
6 Views
Nigeria Police Dispatch ''˜Seasoned Officers'' To Investigate Cases Of Bullying At Abuja Lead British International School
An X user @mooyeeeeeee posted two videos on Monday where the victim she identified as Maryam Hassan was repeatedly assaulted by another female student, thereby seeking justice. The school in a statement issued on Tuesday said an investigation had begun into the cases of bullying of students by their colleagues. It also...
Sahara Reporters
28min
6 Views
Randy University Of Nigeria Professor Caught With His Pants Down Inside Office With Married Student, Arrested By Police
Prof. Mfonobong Udoudom, a senior lecturer at the University of Nigeria Nsukka (UNN) has been caught with his pants down his office with a married student. SaharaReporters learnt that Udoudom, a lecturer in the School of General Studies at UNN, was arrested by the police on Monday and has been in detention since...
Sahara Reporters
33min
16 Views
Google Fires ''˜At Least 20 More Workers'' Who Protested Its Deal With Israel Amid Gaza War
According to the group, the total number of terminated staff members is more than 50. It’s the latest sign of internal turmoil at the tech giant centred on “Project Nimbusâ€. The project is a $1.2 billion contract signed in 2021 for Google and Amazon to provide the Israeli government with cloud computing and artif...
Sahara Reporters
33min
13 Views
U.S. Judge Tells Trump''s Lawyer In Hush Money Trial ''˜He''s Losing All Credibility'' As Prosecutors Want Ex-President Fined For Violating Gag Order
This comes as the judge considered whether the former president should be punished for violating a gag order that prevents him from publicly criticising witnesses and others involved in the case. Prosecutors asked Justice Juan Merchan to fine Trump $10,000 for violating the order, Reuters reports. But the defence lawye...
Sahara Reporters
33min
11 Views
NEITI Guidelines Committee Failed To Deliver Credible Outcome Because It Lacks Independence, Says PWYP
Online Nigeria
38min
4 Views
Van Persie Close To Being Appointed Head Coach Of Eredivisie Club
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