The capital importation into Nigeria surged to $3,375 million in the first quarter of 2024, representing a 198% increase from the $1,132 million recorded in Q1 2023. According to the latest report, Portfolio Investment led the capital importation categories with $2,075 million, accounting for 61% of the total. Other Investments followed with $1,181 million, making…
The Lagos State Commissioner for Health, Prof. Akin Abayomi, has reported that 25 cases of severe gastroenteritis, confirmed to be caused by cholera, have been identified at Kirikiri Medium Security Prison. This announcement contradicts a previous statement made by the Nigerian Correctional Service (NCoS) on June 26, 2024, asserting that custodial centres nationwide were free…
The Nigeria Deposit Insurance Corporation (NDIC) has announced that account name discrepancies on alternate accounts linked to the Bank Verification Number (BVN) of some defunct Heritage Bank customers are causing delays in the payment of their insured deposits. Mr. Bello Hassan, Managing Director of NDIC, shared this update with the News Agency of Nigeria on…
Big Bull Rice is set to introduce a new holographic seal on its 25kg and 50kg packaging to ensure product authenticity and protect consumers. This move aims to provide a reliable means for verifying the authenticity of Big Bull Rice and identifying counterfeits in the market. In a recent statement, the company emphasized the significant…
By Ayomide Otitoju Prudential Zenith Life Insurance has launched the ‘Dream Big’ campaign, aimed at helping customers secure their financial futures through comprehensive insurance protection. The campaign highlights two flagship products: ‘My Education Endowment’ and ‘The Savings Plan.’ According to a statement from the firm on Sunday, customers who purchase either plan will receive complimentary…
In the early hours of Monday, a Nigerian Air Force helicopter crashed in Tami village, located in the Igabi Local Government Area of Kaduna State. The incident, which occurred at approximately 5:00 am, caused significant alarm among residents. The helicopter, on a routine operational flight, experienced technical difficulties leading to the crash. Fortunately, the pilot…
The US Supreme Court is expected to deliver a landmark decision on Monday regarding whether former President Donald Trump is immune from prosecution. This highly anticipated ruling could significantly impact the trial for Trump’s alleged conspiracy to overturn the 2020 election results, a trial crucial as Trump seeks the Republican nomination for the upcoming presidential…
The National Agency for Food, Drugs Administration and Control (NAFDAC) has closed approximately 100 shops in Ogbete Main Market, Enugu State, for allegedly dealing in suspected fake alcoholic beverages. NAFDAC’s Director for the South-east, Martins Iluyomade, announced the closures, stating the action followed a raid by agency officials on Monday. “During the raid, a truckload…
Nigerian broadcaster Arise TV has won a defamation lawsuit brought against it in the United States by Nigerian pastor Adetunmbi Adewami. The US District Court in Maryland dismissed the suit on Tuesday, citing a lack of jurisdiction over the television station. Judge Peter Messite ruled that the mere accessibility of the news article in question…
