THE Management of Dangote Industries Limited has condemned an online report doubting the quality of its diesel. The Dangote Group described the allegation as false, baseless, and mischievous, stressing that its refinery is designed to produce the highest quality petroleum…
PICTORIAL: Inside the most expensive school in Nigeria
Inside Charterhouse Lagos, A newly commissioned primary school in Lekki with its secondary school underway that charges N42m as a fee per annum. Charterhouse Lagos is the first British independent school in West Africa and part of the prestigious Charterhouse…
Account for FAAC allocations, SERAP tells states, FCT
Socio-Economic Rights and Accountability Project (SERAP) has urged 36 state governors and the Minister of Federal Capital Territory, Abuja, Nyesom Wike, to provide the organisation with documents on the spending of trillions of naira allocations received fromthe Federation Account Allocation…
Mobile money transactions in Nigeria jump to N17 trillion in Q1 2024 – NIBSS
Mobile money operators (MMOs) in Nigeria, comprising the likes of OPay, Palmpay, and others, witnessed a surge in transactions in the first quarter of 2024, hitting N17.2 trillion. This is according to data released by the Nigeria Inter-Bank Settlement Systems…
German-American billionaire declared dead in 2021 found with mistress in Russia
An investigation has claimed that a German-American billionaire, who disappeared under mysterious circumstances near Switzerland’s iconic Matterhorn peak six years ago, is suspected to be residing in Moscow with a Russian mistress. In April 2018, Karl-Erivan Haub, a retail tycoon,…
Naira gains at official market amidst depleting reserve
Market data published on the FMDQ website on Wednesday indicated that the naira closed at N1,072.74 against N1,148.14 recorded in the previous market session on Tuesday. The Naira appreciated significantly against the United States dollar at the official market on…
Sanwo-Olu, Fashola, others chart new course for youths at first Lagos leadership summit
The first Lagos Leadership Summit, held Wednesday, ignited new passion and zeal towards charting a new course of action for the country’s future. The event, organised by Lateef Jakande Leadership Academy (LJLA), presented an opportunity for inclusive interaction between old…
Data shows CBN not defending naira with FX reserves
Data showing the Central Bank of Nigeria (CBN)’s scant interventions in the foreign exchange market prove that it is not defending the naira with its foreign reserves. The CBN has only sold $581 million in the official market, otherwise known as the…
Nigerian Pension Industry: You should NOT mark your own investment performance examination papers
In a document released on 11 April 2024, the Nigerian pension industry has taken the reins of its own performance reporting with the release of PenOp’s ‘Inaugural Performance Report’, titled ‘Uniform Performance Reporting. Full Year 2023’. PenOp (Pension Operators of…
Naira opens shop below N1000 against dollar at some segments of black market
The naira strengthened against major currencies on Monday the greenback saw an increased safe-haven demand, in the wake of an Iranian strike on Israel, putting it at more than five-month highs. Naira breaks key resistance Goldman Sachs projection became a…