By Ayomide Otitoju A massive fire swept through the Idumota spare parts market in Lagos State on Friday night, destroying properties worth hundreds of millions of naira. In a statement released on Saturday, the Permanent Secretary of the Lagos State Emergency Management Agency (LASEMA), Dr. Olufemi Oke-Osanyintolu, confirmed the incident. Preliminary investigations revealed that multiple…
Malawi’s President Lazarus Chakwera has outlined a series of measures to address the country’s worsening fuel crisis and food insecurity while denouncing a rise in political violence. The announcements come as the southern African nation grapples with a series of economic and social challenges. In a televised address on Wednesday, Chakwera emphasized the urgent need…
Russian President Vladimir Putin on Thursday described a large-scale missile and drone attack on Ukraine as Moscow’s response to Kyiv’s use of Western-supplied long-range weapons against Russian territory. Speaking during a visit to Kazakhstan, Putin said the operation was a reaction to Ukraine’s deployment of U.S.-made ATACMS missiles in strikes on Russia. “We carried out…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has addressed misleading claims made by one Timothy Mgbere, a self-proclaimed “community person,” who alleged that recent reports about the restreaming and truck-out of Premium Motor Spirit (PMS) from the Port Harcourt refinery were false. In a video circulating online, Mgbere questioned the authenticity…
By Ayomide Otitoju Grassroots democracy in Abeokuta North Local Government suffered a major setback on Thursday when suspected political thugs violently disrupted the inaugural session of the legislative arm of the council. Reports indicate that tensions flared among some leaders of the All Progressives Congress (APC) in the local government over the election of principal…
By Ayomide Otitoju Zenith Bank Plc has marked a significant milestone in its global expansion with the opening of Zenith Bank (UK), Paris Branch. The official commissioning ceremony took place on Wednesday, November 27, 2024, at 21 Rue de la Paix, Paris, France, and was attended by dignitaries including Nigeria’s Honourable Minister of Finance and…
By Ayomide Otitoju The Nigerian National Petroleum Corporation (NNPC) has officially confirmed that the newly rehabilitated Port Harcourt refinery will sell petrol at N1,030 per litre. This announcement was made in a statement by the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) on Thursday night. Earlier reports from PETROAN had suggested that the…
By Ayomide Otitoju United Bank for Africa (UBA) has achieved a major milestone, surpassing N1 trillion in market capitalization, further solidifying its position as a leading financial institution. This remarkable achievement comes alongside the bank’s impressive financial performance and growing international recognition. As part of President Bola Ahmed Tinubu’s state visit to France, UBA also…
By Ayomide Otitoju Wema Bank, recognized as Nigeria’s most innovative financial institution and the pioneer of Africa’s first fully digital bank, ALAT, has successfully concluded the 5th edition of its Hackaholics initiative. The event, which took place recently in Lagos, showcased some of the brightest tech innovators from across the nation, culminating in seven startups…
