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Naira

Naira closes at N359.5 per dollar at parallel market in Lagos

The Naira on Tuesday closed at N359.5 to a dollar at the parallel market in Lagos, newsmen reports.
Kidnap Victim

Kidnappers release abducted Police wrestler after N.2 million ransom

The abducted Nigeria Police athlete, Constable Esther Okpokwe, has been released by suspected kidnappers who seized her on her way to the 3rd Governor Dickson Wrestling Classics in Yenegoa, Bayelsa State, on Sunday.

Re-capitalisation: Economist wants banks to ensure positive impact

An economist, Dr Boniface Chizea, has urged commercial banks and the Central Bank of Nigeria (CBN) to work together to ensure the proposed re-capitalisation had positive impacts on their operations and economy at large.

Over 13 million Nigerians battle with malaria annually

Malam Umar Aminu-Imam, President, Environmental Health Officers Association of Nigeria (EHOAN), has said that 13,687,500 Nigerians battled with malaria annually.
Lasisi Oluboyo

Ex-Ondo deputy governor to appeal suit over entitlements

The immediate past Ondo State Deputy Governor, Alhaji Lasisi Oluboyo, on Thursday faulted the judgment of an Akure High Court that declared him not qualified to benefit from the pension and other entitlements for governors and deputy governors for life.

Central bank injects $210 million into forex market

The interbank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales concluded last Tuesday.

Central bank quashes talk of change to exchange rate policy

Nigeria’s central bank said it made no change to its naira policies, after a revision on its website led some analysts to speculate that it was ending a system of multiple exchange rates.

Timi Frank: President Buhari benefiting from corruption

Timi Frank, political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC), has alleged that President Muhammadu Buhari was benefiting from corruption and therefore has lost moral right to continue the so-called anti-corruption fight.
Mustafa Chike Obi

Mustafa Chike-Obi: Government should explore opportunities in taxation

There are hidden economic opportunities in taxation which government should explore by brining more people into the tax net, the Executive Vice Chairman, Alpha African Advisory, Mustafa Chike-Obi, has said.
Nigeria Police

Police arrest six suspected illegal money traders in Abuja

The FCT Police Command has arrested six suspects for illegally trading in different denominations of new naira currency.

Afe Babalola urges President Buhari to restructure Nigeria

As President Muhammadu Buhari takes oath of office for a second term on Wednesday, legal luminary and founder of Afe Babalola University, Ado Ekiti, Chief Afe Babalola, has said restructuring remains the way out of the country’s problems.
Economic and Financial Crimes Commission, EFCC,

Money laundering: Zamfara SSG’s brother arrested with N60 million cash

The Economic and Financial Crimes Commission, EFCC, Sokoto zonal office, on Tuesday, May 28, 2019 arrested one suspected politician with N60, 000, 000 (Sixty Million Naira) cash, following intelligent report of his suspicious money laundering activities.

Naira exchanges at N359.4 to dollar at parallel market

The naira on Monday traded at N359.04 to the dollar at the parallel market in Lagos.
National Emergency Management Agency NEMA

15000 IDPs from Zamfara, Sokoto taking refuge Niger Republic

The National Emergency Management Agency (NEMA), has disclosed that it has found over fifteen thousand (15000) Internally Displaced Persons (IDPs) from twenty-seven communities affected by banditry attacks from Zamfara and Sokoto States in Guidan Roumji about five kilometers away from Maradi in the Republic of Niger.
Wife of the President, Dr. Aisha Buhari, has claimed that two powerful personalities were frustrating President Muhammadu Buhari’s effort.-11

Aisha Buhari: N500 billion social investment scheme has failed in North

President Muhammadu Buhari’s wife, Aisha, has rubbished the N500bn Social Investment Programme of her husband’s administration, saying that it failed “woefully” in the North in particular.

Electricity bill raises tension in Zaria

Thousands of Zaria residents at the weekend, protested against what they called `fraud, intimidation and over billing of consumers by Kaduna Electricity Distribution Company (KEDC) and threatened legal action against the company.

Bauchi APC lawmaker leaves ruling party, says he worked for opposition PDP’s victory

A member of the Bauchi State House of Assembly representing Lere/Bula Constituency, Hon. Aminu Tukur, has finally left the All Progressives Congress.
Nigerian Shippers Council (NSC) Team, inspecting the Funtua Inland Dry Port in Kastina.

Concessionaire: Funtua dry port needs over $20 million for completion

The Concessionaire of Funtua Inland Dry Port (FID) on Thursday said over 20 million dollars intervention fund would be needed to get the port operational within a year.

Recent Stories

Frank Lampard is set to start work at Chelsea next week. Getty Images - Getty

Frank Lampard set to seal Chelsea reunion

Frank Lampard’s reunion with Chelsea as the club’s new manager edged closer yesterday as Derby said they had granted permission for the Premier League club to conclude negotiations.
The Chinese government has announced a suspension on imported meat products from Canada over claims of forged customs documents, the latest sign of deteriorating relations between the two countries.

China bans all meat from Canada

The Chinese government has announced a suspension on imported meat products from Canada over claims of forged customs documents, the latest sign of deteriorating relations between the two countries.

FCTA vows to crack down on illicit drugs, prostitution

The permanent secretary, Federal Capital Territory Administration (FCTA), Chinyeaka Ohaa, has said the administration will not tolerate practices that portray abattoirs in a bad light.
The Federal Capital Territory (FCT) administration has raised alarm over rising cases of insecurity and vandalism in the territory. Abuja

FCTA approves N1.2 billion to pay retirees

The Federal Capital Territory Administration (FCTA) has approved the release of N1.28 billion for the payment of FCT retirees.

6.3 magnitude earthquake strikes Panama, Costa Rica

A strong 6.3-magnitude earthquake rocked the Panama-Costa Rica border region on Wednesday, according to the United States Geological Survey.