A Nigerian soldier stationed in Maiduguri, Borno State, who disclosed that he is being paid N50,000 per month, has been detained by the Nigerian Army. ADVERTISEMENT Truetells Nigeria recalls that the soldier had expressed frustration about being unable to visit his family due to the transport fare. The soldier had lamented that he spent one year in…
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has refuted claims that the federal government is still owing foreign exchange amounting to $2.4 billion. In an interview with Arise Television, Cardoso said the bank had settled verified forex requests, which amounted to $2.3 billion out of the reported $7 billion outstanding foreign…
The Court of Appeal in Abuja has ordered the First City Monument Bank (FCMB) to pay N540 million in damages over the defamation of Prophet Emmanuel Omale and his wife, Deborah, into an interest-yielding bank account of the Chief Registrar of the court. The three-man panel of the appellate court in its unanimous ruling read…
Adron Homes Properties Limited has a unique way of giving back to those that have made things happen in its real Estate business hence the management of the company decided to take some staffs on a tour of Zanzibar. At the moment, about a dozen staffers are On A City Tour To Stone Town And…
FIRS seems to be gearing to prosecute Mr. Macaroni, and Sabinus among other Skit Makers and Social Media Influencers over nonpayment of taxes. Truetells Nigeria reports that the Federal Inland Revenue Service (FIRS) has announced plans to ensure skit makers, influencers, and digital content creators in Nigeria pay taxes. According to the FIRS, it would…
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 1st February, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market?…
The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication to promotion of best practices in all its operations. The commendation came even as the Ogun State government said the Dangote Cement is a key driver of the…
Billionaire businessman Mr Femi Otedola, has emerged as the chairperson of the board of FBN Holdings Plc, whose flagship company is First Bank. He was appointed to the role during a meeting of the Board of Directors of the Group in Lagos on Wednesday, January 31, as he succeeded Ahmad Abdullahi, a seasoned economist who…
The raging disagreements between Nigerian owned telecoms giant, GLOBACOM, and the near-monopolistic South African behemoth, MTN, seems to have reached a crescendo. According to impeccable industry sources, MTN had tried to intimidate and blackmail GLOBACOM on its own soil but the telecoms company stood its ground by challenging MTN to proof whatever case it had…
Guinness Nigeria, a leading beverage alcohol company in Nigeria, reported mixed results for the half-year ended 31 December 2023. While the company achieved a 20% increase in revenue to N142.59 billion, it also posted a net loss of N4.4 billion due to a significant foreign exchange loss.. The unaudited result released to the Nigerian Exchange…
