The Nigerian Army has confirmed a minor explosion within the Nigerian Army (NA) Cantonment in Ikeja, Lagos. A statement by the Director, Army Public Relations, Major General Onyema Nwachukwu, said the incident, which occurred on Monday, April 1, 2024, happened on a farmland near the Mammy Market within the Cantonment. He said, “the explosion is…
The Federal Government has announced an 11 percent increase in the wholesale price of gas to power plants, raising it from $2.18 per MMBTU to $2.42 per MMBTU (million British Thermal Unit). This decision places additional financial burdens on power generation companies that are already grappling with challenges in the sector. The hike comes amidst…
The number of children facing severe drought conditions across the Horn of Africa has increased by more than 40 per cent in the space of two months, warns UNICEF. Between February and April, the number of children facing the impact of drought including acute hunger, malnutrition and thirst increased from 7.25 million to at least…
President Bola Tinubu will depart Abuja on Tuesday, April 2, 2024, for Dakar, Senegal, to attend the inauguration of Senegal’s President-elect, Bassirou Diomaye Faye. Faye will be taking over as the country’s fifth president by the outgoing President Macky Sall, who is stepping down after a second term. Bassirou Diomaye Faye (born 1980) is a…
The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has advised customers and shareholders not to panic, assuring them of the association’s support for recapitalisation of the banking sector. In a statement signed by Rasheed Bolarinwa, president of ACAMB, the Association welcomes the release of the much-anticipated circular of the Central Bank of…
The Federal Government of Nigeria is set to begin the distribution of assorted grains to Nigerians. The free distribution of grains is expected to be flagged off on Friday, 8th March 2024, in Niger state. Abubakar Kyari, the Minister of Agriculture and Food Security at the maiden ministerial briefing, announced plans to distribute the grains…
The Nigerian Army has reacted to the explosion at the Ikeja Military Cantonment, Lagos, attributing it to a refuse burning from a farm.This came on Monday more than 22 years after a bomb explosion that emanated from the cantonment, killing several people in the state.Director of Public Relations, Nigerian Army, Maj-Gen. Onyema Nwachukwu, in a…
Nigeria’s top eight commercial lenders would be required to raise a combined total of N1.575 trillion to enable them to meet the new minimum capital requirement as stipulated by the Central Bank of Nigeria (CBN). The CBN released a new minimum capital requirement for banks on Thursday, among which the regulator stipulates N500 billion for…
Bishop Matthew Kukah has faulted the distribution of palliative to Nigerians in the wake of the biting hardship facing the country. The government’s floating of the naira and the removal of fuel subsidy have pushed inflation levels to a new high leading to a hike in the cost of living. Governments across levels have rolled…
President Bola Tinubu’s wife, Oluremi, has assured Nigerians that the hard times confronting them will soon come to an end with the right policies of the Federal Government. Mrs Tinubu spoke on Monday at the State House during a meeting with the governor’s wives. She assured that the year 2024 is loaded with “peace, progress,…
