Business

Nigeria relies heavily on foreign food, spending $2.34 billion by 2025

The Central Bank of Nigeria (CBN) revealed that the country is spending $2.34 billion on food imports in 2025, with the second quarter of this year recording higher demand. The Apex Bank revealed the data in its latest quarterly statistical bulletin on sectoral foreign exchange utilization, which shows that the country is still heavily dependent on imported foodgrains. Data analysis …

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NGX ROUNDUP: Equity markets rebound with N505 billion gain for investors

Investors gained N505 billion as the equity market recovered from last week’s bearish trading. The market strengthened in two of the three trading sessions due to the Eid al-Fitr holiday. The market value increased to N160.509 trillion from N160.004 trillion recorded last week, while the All-Share Index (ASI) appreciated by 0.27% to close the week at 250,385.47 up from 249,712.37 …

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NUT calls for urgent action for safe release of abducted pupils and teachers – THIS UPDATE

The Nigerian Union of Teachers (NUT) on Saturday issued a statement to express deep concern over the continued imprisonment of pupils and teachers abducted during the tragic attack on schools in Ahoro-Esinele and Yawota communities right in Oriire Local Government Area of ​​Oyo State. According to the com. Hassan Ajibola Fatai, President, NUT, Oyo State Wing and Com. Salame Olukayode, …

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UCL final: PSG and Arsenal set Budapest on fire on Saturday

The UEFA Champions League final is billed as the “best attack” (Paris Saint-Germain) versus the “best defense” (Arsenal) in European football, the unstoppable force colliding with an immovable object.And like all narrative clichés, there is a strong rooting in reality.On Saturday night, PSG could finish with the highest-scoring season of any team in the Champions League era, while Arsenal have …

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South East SWAN congratulates Rangers on their ninth title triumph

Post views: 39 The Sports Writers Association of Nigeria (SWAN) South East Zone has congratulated Rangers International FC Enugu for winning their ninth Nigeria Premier Football League title in the history of Nigerian football. The association praised the Flying Antelopes for their resilience, determination and consistency throughout the season, despite stiff competition and challenges from other clubs that competed …

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Oyo School Attack: Kidnapped Vice Principal Asks Tinubu and Makinde to Open Negotiations with Kidnappers

The abducted Deputy Principal of Community Grammar School, Ahoro-Esiele, in Oriire Local Government Area of ​​Oyo State, Mrs Folawe Alamu, has made an impassioned appeal to President Bola Tinubu, Governor Seyi Makinde and other stakeholders to urgently negotiate with the kidnappers holding her, pupils and teachers captive. In a rescue video circulating online on Thursday, the visibly shaken school administrator, …

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Suspect confesses to mass killings in Cross River, eight shallow graves found, 30 murdered – THIS UPDATE

A suspected serial killer identified as Akaninyene, believed to be an indigene of Obot Akara, has been arrested in Creektown, Odukpani Local Government Area of ​​Cross River State, after he allegedly confessed to the killing of about 30 people and led security operatives to a forest hideout where several shallow graves were discovered. The suspect was arrested during a coordinated …

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Rita Lori Ogbebor raises alarm over ‘looming genocide’ against Itsekiri, renews calls for creation of Warri State

Prominent Itsekiri leader, businesswoman, hotelier and philanthropist, Mrs Rita Lori Ogbebor, on Friday, raised the alarm over what she described as an “imminent genocide” against the Itsekiri ethnic nationality in Delta State, warning that the situation could escalate into a full-scale conflict if the Federal Government does not take urgent action.Addressing journalists at a press conference, the Warri Igba accused …

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Rangers International FC Foundation celebrates 2 years of community impact

Post views: 118 by Silvernews Today marks two years since the birth of the Rangers International Football Club Foundation, Nigeria’s first football club foundation created for community social impact and global competitiveness. Since May 28, 2024, the Foundation has promoted sustainable development through targeted community programs in Enugu and several states in Nigeria. From youth development and education to …

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