Nigerian Banks See Extraordinary Profit Surge Thanks to Forex Gains Recent fluctuations in the Naira’s exchange rate have translated into extraordinary profits for Nigerian banks. According to financial reports from nine prominent banks listed on the Nigerian Exchange Limited (NGX), these institutions collectively achieved a staggering pre-tax profit of N2.292 trillion during the first nine…
The Federal Government has allocated N15 billion for the comprehensive repairs of the Third Mainland Bridge in Lagos, according to details from the recently passed N2.18 trillion 2023 supplementary budget. Also, the government has stated that it owes contractors of the Eko/Marine Bridges the sum of N11,400,024, 608 (N11.4 billion). The Federal Controller of Works…
In Lagos, a Court of Appeal has unseated Senator Darlington Nwokocha, who held the position of Senate Minority Whip. This decision by the Appeal Court declared Col Austin Akobundu (retd), the candidate of the Peoples Democratic Party (PDP), as the legitimate winner of the February 25th senatorial election, representing Abia Central. The ruling overturned the…
The National Drug Law Enforcement Agency (NDLEA) operatives have apprehended three visually impaired individuals involved in an illegal drug network operating between Lagos and Kano. In a statement issued by Femi Babafemi, the agency’s spokesperson, it was revealed that another visually impaired member of the syndicate remains at large. The group’s exposure began when a…
Diezani Allison-Madueke, the former Minister of Petroleum Resources, has appealed for prayers in light of the numerous allegations and charges of bribery and corruption brought against her by the United Kingdom National Crime Agency (NCA). Allison-Madueke, alongside co-defendants Doye Agame and Olatimbo Ayinde, appeared before a Southwark Crown Court judge during the Plea and Trial…
On the evening of Friday, November 3, the Minister of Power, Adebayo Adelabu, narrowly escaped a life-threatening incident when a private jet operated by Flint Aero crash-landed in Ibadan, the capital of Oyo State. The aircraft, which had departed from Abuja, encountered difficulties during its landing attempt at around 10 p.m., ultimately crash-landing near the…
The National Drug Law Enforcement Agency (NDLEA) has elucidated the rationale behind its operatives conducting stop-and-search operations on the well-known Admiralty Way in Lekki, Lagos State. In response to an inquiry from comedian Bright Okpocha, popularly known as Basketmouth, on Saturday, November 4, the agency disclosed that the stop-and-search exercise was initiated to safeguard residents…
President Bola Tinubu has directed the reactivation of the Presidential Delivery Tracker to empower Nigerians to track the implementation of projects across the country in real time. Speaking at the closing session of the three-day Cabinet Retreat, on Friday in Abuja, the President said that his determination to ensure the active and direct participation…
President Bola Tinubu, on Friday in Abuja, expressed his appreciation to France for the return of $150 million stolen from Nigeria by former Head of State, General Sani Abacha. In addition to the recovery of another tranche of Abacha loot, the President acknowledged the signing of a €100 million agreement between Nigeria and France to…
On Friday, November 3, a Makurdi Chief Magistrate’s Court ordered the detention of one Matthew Bem in a correction center in Makurdi on charges of allegedly killing his wife, Mngusonum Bem. The 42-year-old farmer, residing in Korinya Settlement within the Konshisha Local Government Area of Benue, was brought before the court on a culpable homicide…
