Russia orders fresh evacuations in Belgorod amid Ukraine offensive

25 mins ago

Russia on Monday ordered new evacuations in its border region of Belgorod, the governor said, as it battled to contain a Ukrainian offensive in the neighbouring Kursk region. "The enemy is active on the border of the Krasnoyaruzhsky district", Vyacheslav Gladkov said on Telegram. "For the health and security of our population, we're beginning to…

39 mins ago

• NUEE seeks release of abducted member The Nigeria Labour Congress (NLC) has demanded an immediate apology from the Federal Government and the police for the unwarranted invasion of its headquarters last week Wednesday.   The Congress also called for a forensic security audit of its headquarters to ascertain its safety and continued suitability for…

39 mins ago

The Nigeria Deposit Insurance Corporation (NDIC) said it has reimbursed 82.36 per cent of the customers of the defunct Heritage Bank with deposits below the N5 million maximum insured deposit.     Disclosing this in a statement yesterday, Director, Communications and Public Affairs, NDIC, Bashir Nuhu, said this was achieved through the use of BVN-linked…

46 mins ago

• As minister pledges new framework, standards A High-level meeting of regulatory bodies in the built environment has met with the ministerial committee on building collapse and agreed on a five-point agenda that would bring sanity to the country’s construction industry. The engagement marks a significant step forward in the ministry's ongoing efforts to enhance…

1 hour ago

Barring any last-minute intervention, Nigerians will, in two months, start paying the full cost of electricity as the Nigerian Electricity Regulatory Commission (NERC) seeks to eliminate the stabilisation role of the Federal Government to transition the sector’s commercial framework to a bilateral model. Nigeria’s weak fiscal position is compounded by N2.1 trillion electricity subsidy, which the…

1 hour ago

For the first time in several months, the banking index led the gainers' chart on the Nigerian Exchange Limited (NGX) with 5.1 per cent, following 14.7 per cent, 9.8 per cent and 7.9 per cent price appreciation recorded by United Bank for Africa PLC (UBA) Plc, FBN Holdings Plc and Zenith Bank Plc last week.…

1 hour ago

The Nigerian National Petroleum Corporation (NNPC) Limited has reiterated that it is not involved in any sabotage of the Dangote Refinery, highlighting its substantial investment

1 hour ago

President Bola Tinubu may have capitulated to political intrigues in the Presidency as well as other vested interests and called off his earlier resolve to sanitise leading government-owned enterprises (GOEs), which led to the inauguration of Jim Obazee panel, The Guardian learnt at the weekend. The abrupt closure of what was meant to be an…

1 hour ago

•Senate faults alleged ‘immoral’ allowances, Reps insist monthly pay is N600,000  • ‘Lawmaker who displayed N936,979 alert on TV misled Nigerians’ • Obi: Leaders must reflect on people’s cries, address legitimate demands • Reduce waste, prioritise Nigerians’ welfare, HEDA tells Tinubu  • Don’t let citizens suffer continually, reduce emoluments, Akinfenwa tells politicians Besides the strenuous…

1 hour ago

The exodus of multinational companies from the Nigerian market has underscored the need to strengthen the domestic market, Managing Director of Coronation Asset Management Limited, Aigboje Aig-Imoukhuede, has said. According to him, while the exit of multinational companies portends a challenging investment climate, the country's capital markets must be robust enough to attract and sustain…