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1 month ago | 
naijanewsdirect.com | Tunde Ogunmola |Ikechukwu Amaechi
By Ikechukwu AmaechiFidelity Bank Plc has dismissed as unfounded the story making the rounds that it is on the verge of bankruptcy following a Supreme Court judgment linked to a legacy $3 million credit facility granted by the defunct FSB International Bank in 2002. The bank made the clarification on Monday, assuring the general public, depositors and stakeholders that it remains financially strong despite court judgment.
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Feb 27, 2025 | 
thenicheng.com | Ishaya Ibrahim |Ikechukwu Amaechi
Obasa declares self Lagos SpeakerFormer Speaker of the Lagos House of Assembly Mudashiru Obasa announced on Thursday that he has once again assumed the position of Speaker of the Assembly. Obasa announced after returning to the parliament for the first time since he was removed on January 13. “I’ve resumed and I remain the Speaker of the Assembly,” Mr Obasa said after storming the parliament with police and State Security Service detail.
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Feb 27, 2025 | 
thenicheng.com | Ishaya Ibrahim |Ikechukwu Amaechi
Electricity tariff for Band B, C customers set to riseThe Federal Government has announced plans to regularise electricity tariffs in a bid to address disparities in the current billing system as well as encourage investment in the power sector. The Minister of Power, Adebayo Adelabu, made this known at the ongoing public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan on Thursday in Abuja.
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Feb 27, 2025 | 
thenicheng.com | Ishaya Ibrahim |Ikechukwu Amaechi
Obasa storms Lagos Assembly, takes over Speaker’s officeThe former Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has stormed the assembly complex in company of Police protection and a few members. Obasa, who was ousted as Speaker in January appears to enjoy the backing of powerful political operatives in the state who have vowed to ensure his return as Speaker.
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Feb 27, 2025 | 
thenicheng.com | Ishaya Ibrahim |Ikechukwu Amaechi
Lagos Assembly Speaker Meranda stripped off police protection, aide says, laments ‘she’s now vulnerable’All the police officers assigned to the Speaker of the Lagos State House of Assembly, Rt. Hon. Mojisola Meranda, as well as those securing the Assembly complex, have been withdrawn with immediate effect, leaving both the Speaker and the legislative building vulnerable.
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Feb 27, 2025 | 
thenicheng.com | Ishaya Ibrahim |Ikechukwu Amaechi
UK man who identified as woman, found hanged days before court case on charges of sexual assault of girlTransgender rape suspect is found hanged before court appearance on charges of attacking young girlAn alleged rapist who identified as a woman has d!ed before she was due to appear at court charged with raping a young girl. According to Mail Online, Maddison Wilson was charged with the rape and other historic sex offences against children earlier this month.
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Feb 27, 2025 | 
thenicheng.com | Ishaya Ibrahim |Ikechukwu Amaechi
UK PM Keir Starmer mocks Kemi Badenoch, says she’s desperate for attention, calls her self appointed saviour of Western CivilisationThe Prime Minister (PM) of the United Kingdom (UK), Keir Starmer, blasted Tory leader, Kemi Badenoch, calling her a self-proclaimed saviour of Western civilization eager for attention. Starmer made this statement at a parliamentary session at the palace of Westminster in London, UK, on Wednesday, February 26.
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Feb 27, 2025 | 
thenicheng.com | Ishaya Ibrahim |Ikechukwu Amaechi
Naira sustains rally, exchanges N1,499 to adollarNaira rose against the US dollar in the foreign exchange (FX) market to settle at N1,499 in the official window yesterday. The local currency rallied as forex market supply remained sufficient to meet aggregate demand from eligible FX users in the official window. FX inflows fell by 46% in the forex market last week, and the Naira has remained steady with minimal fluctuations which suggests low demand pressure.
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Feb 27, 2025 | 
thenicheng.com | Ishaya Ibrahim |Ikechukwu Amaechi
Fuel importers panic as Dangote lowers petrol price below import costImporters of petroleum products say the latest fuel price reduction by the Dangote Petroleum Refinery will undermine their business. Some of the importers said dealers might be compelled to sell below their cost prices as consumers would only buy from where petrol is cheaper.
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Feb 26, 2025 | 
thenicheng.com | Ishaya Ibrahim |Ikechukwu Amaechi
In massive price crash, Dangote’s ex-depot pms now N825Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. Under the new arrangement, buyers in Lagos would purchase fuel at N860 per litre at MRS outlets.
