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Nigeria’s naira has experienced a dramatic reversal of fortune, plummeting to the rank of worst-performing currency globally in the first half of 2024, according to a Bloomberg report on Friday.Read more This depreciation comes after a brief period of strengthening earlier this year, highlighting the challenges facing the Nigerian economy. Apart from the naira, the Egyptian pound and the Ghanaian …

The Nigerian equity market maintained its positive performance with investors making a profit of N374 billion at the close of trading on Friday. This follows the growth in share prices of UCAP, LASACO, and CWG, among others, on the stock exchange floor today. After five hours of trading on the capital market, equity capitalization rose to N56.6 trillion from N56.2 …

The Nigerian military, on Thursday, announced the interception of N10 billion worth of stolen crude oil and the neutralization of 2,245 terrorists. The announcement, made by the Defense Headquarters (DHQ) during its bi-weekly briefing, highlights ongoing efforts to combat two major security challenges plaguing the country: oil theft and terrorism. Director of Defense Media Operations, Major General Edward Buba provided …

Here are the top 10 stories making headlines across the country. 1. Representatives extend the deadline for implementing the 2023 budget to December The House of Representatives on Thursday passed two bills extending the implementation of the Budget Act of 2023 and the Supplemental Budget Act of 2023 until December. Read more 2. No request for new aircraft approval from …

For the second straight day, the Nigerian equity market maintained its positive movement as investors made profits of N6.2 billion at the close of trading on Thursday. This follows the growth in share prices of SEPLAT, CUTIX, and LASACO among others on the trading floor today. After five hours of trading on the capital market, equity capitalization rose to N56.2 …

Former Kogi State Governor Yahaya Bello on Thursday appealed to the Federal High Court in Abuja to transfer his ongoing corruption case to Kogi State. This request comes amid his trial for alleged involvement in an N80.2 billion fraud case filed against him by the Economic and Financial Crimes Commission (EFCC). However, the EFCC’s legal advisor wondered why the former …

Muslim Rights Concern (MURIC), insists that there is a plan to overthrow the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III, although the state government rejects the plan. MURIC, in a statement by its Executive Director, Prof. Ishaq Akintola, on Monday, had sounded the alarm that the Sokoto State government was hatching secret plans to overthrow the Sultan and warned …

Here are the top 10 stories making headlines across the country. 1. Court sets date to hear demands for Ganduje’s removal as APC Chairman The Federal High Court in Abuja, on Wednesday, adjourned the hearing of a lawsuit aimed at removing All Progressives Congress (APC) Chairman Abdullahi Ganduje from office until July 5.Read more 2. El’Rufai sued the Kaduna Assembly …

The Nigerian equity market recovered from its negative move with investors earning N94 billion at the close of trading on Wednesday. This follows the growth in share prices of FTN COCOA, OANDO, CWG, and others on the stock exchange floor today. After five hours of trading on the capital market, equity capitalization increased to N56.2 trillion from N56.1 trillion recorded …

The Director General of the Nigerian Employers Consultative Association (NECA), Adewale Oyerinde, on Tuesday warned that any approval of a new national minimum wage of above N62,000 would lead to an industrial crisis with a high risk of job losses. Oyerinde issued the warning when he spoke to Journalists on the sidelines of the Third Nigerian Entrepreneurs Summit on ‘Economic …