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Strategic plan of the Federal Government of Nigeria to reduce rising inflation will lead to cash mop up of N5 trillion from the banking industry as the Central Bank of Nigeria, CBN trying to implement the hike in banks’ Cash Reserve Ratio, CRR to around 45 per cent. The Cash Reserve Ratio which represents banks’…
Two herders were reportedly shot dead in the evening of Saturday 2nd March, 2024 and nothing less than 223 cows were rustled by bandits at Haying-Dam, in Kachia local government area of Kaduna State. In their large numbers, the bandits reported to have attacked three herders’ camps in the area with AK-47 rifles. The newskingdom…
Micheal, a 3-years old boy has been reportedly burnt to death in an inferno that occurred on Olorunshogo street, Ejigbo in Lagos state on March 2nd, 2024. Information gathered revealed that the inferno occured as a result of candle that was lit in one of the rooms. The room caught fire and extended to other…
The international investors, most especially potential ones from Qatar has been told to report any government officials that demands bribe from them. Said President Bola Tinubu. The President further guaranteed the international business community that Nigeria is seriously ready for business as his administration will deal decisively with any and all entrenched interests in the…
Dollar to Naira Exchange rate at the black market, also known as the parallel market (Aboki fx) as at 1st March ? At Lagos, the players buy a dollar for N1,490 and sell at N1,500 on Friday 1st March 2024, according to sources at Bureau De Change (BDC). Central Bank of Nigeria (CBN) has claimed…
National Emergency Management Agency of Nigeria (NEMA) warehouse have been reportedly looted by some residents of the Federal Capital Territory (FCT), Abuja over the current economic hardship across the country According to the report, the warehouse which is located at Karimo, Phase 3 region of the FCT, Abuja, was raided on Sunday morning. The looters…
Shortly after the demised of Sisi Qodri, another death has also been announced on a veteran Nollywoo Actor, Mr Ibu. The actor whose real name is John Okarfor was 62. According to sources,. the vetera in comedian passed away at Evercare Hospital. Lots of fans are mourning and shared condolences on X, reminiscing about movies…
*Hardship: Shun Church, use your offerings to feed poor, unemployed – Kumuyi tells Christians* Doctor William Folohunso Kumuyi, the General Superintendent of the Deeper Life Bible Church, has implored Christians to stop giving out their offerings to the Church, instead give it to the poor, needies and unemployed in their communities In his remarks, Kumuyi…
A 300-level student of Imo State University, (IMSU) identified as Francis Marvelous, 21, has been arrested by Imo State Police Command yesterday for allegedly stabbing a fellow final year student of the Federal University of Technology, Owerri (FUTO) to death According to the source, the Police Public Relations Officer, PPRO, Mr. Henry Okoye affirmed that…
According to the 2023 World Happiness Report as of March 2023, Nigeria has been ranked eighth in the list of most happy countries in Africa. The report have it that Finland is the happiest country in the world for the sixth consecutive time. Throughout the Africa Country, Mauritius emerges as the happiest country on…