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FCMB completes public offer, raises N147.5bn with 33% oversubscription. The FCMB Group Plc has announced the successful completion of its public offer, following approvals by the Central Bank of Nigeria (CBN) and the Securities and...
Wike vows to prosecute 50 detained vandals in Abuja
11 hours ago · The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has vowed that the 50 individuals detained for vandalising manhole covers on Abuja’s roads would face prosecution. It was reported that on Monday, the Nigerian Police Command in the FCT announced the detention of 50 suspected vandals, who were caught with 25 manhole covers […]
FCT electricity consumers decry planned power interruption
11 hours ago · Electricity Consumers in the Federal Capital Territory (FCT) have decried the planned power interruption while appealing to relevant authorities to hasten relocation process. It was reported that the Abuja Electricity Distribution Company (AEDC) had announced an impending power interruption in parts of its franchise areas between Jan. 6 and Jan. 21.
Tinubu’s Enugu visit, game changer — Okupe — NEWSVERGE
1 day ago · A former presidential spokesman,Dr Doyin Okupe, has described President Bola Tinubu’s official visit to Enugu on Saturday as a game changer. Okupe, in a statement on Sunday in Lagos, said: “The visit of President Bola Ahmed Tinubu to Enugu on Saturday is a major game changer.” “Any objective observer can easily discern President Tinubu’s open […]
BREAKING NEWS Archives — NEWSVERGE
BREAKING: FG, Labour agree on ₦70,000 minimum wage. Reports reaching NEWSVERGE indicate that the Federal Government and the leadership of the Organised Labour have agreed on ₦70,000 as the new minimum wage for Nigerian...
Climate Change: Nigeria making progress in energy …
Nov 12, 2024 · Climate change activist, and former federal lawmaker, Chief Sam Onuigbo says Nigeria is making progress in meeting its energy transition efforts. Onuigbo, who is participating in the ongoing 29th session of the UN Climate Change Conference, CoP29, said this during a telephone interview with Newsverge on Tuesday. The …
NGX market cap sheds N193bn to selloffs — NEWSVERGE
Sep 4, 2024 · The Nigerian stock market, on Wednesday, reversed gains from previous sessions with a loss of N193 billion. Selloffs in Tier-one banking stocks namely, Zenith Bank, Access Corporation, Guaranty Trust Holding Company (GTCO), among other declined equities were the primary drivers of the market’s relapse. The Nigerian Exchange Ltd. (NGX) market capitalisation which opened at N55.647 […]
Consumers, sellers lament consistent food price hike
Nov 15, 2024 · Staple food traders and consumers in Lagos State are lamenting the consistent hike in food prices. The traders and consumers lamented the consistent rise in foodstuffs in separate interviews with our reporter on Friday in Lagos. They noted that the situation was getting out of hand and a tough situation for Nigerians in the recent […]
Diri calls for concrete flood measures — NEWSVERGE
Sep 13, 2024 · Gov. Douye Diri of Bayelsa has urged the Federal Government to take action against the flooding menace in the country by building dams and dredging rivers. He made this call during a meeting with first-class traditional rulers in Bayelsa, held in Yenagoa, the state capital, on Friday. Diri stated that the major river channels had […]
US-Africa command head advances US-Nigeria cooperation
Jan 12, 2024 · U.S. Marine Corps Gen. Michael Langley, Commander, U.S. Africa Command, and U.S. Marine Corps Sgt. Maj. Michael Woods, the command’s Senior Enlisted Leader, visited Nigeria, January 10-11, 2024. In a press statement made available to NEWSVERGE, Langley and Woods engaged with Major General EV Onumajuru, Chief of Defense Training and Operations. The leaders discussed opportunities to ...