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Naira recovers against US dollar in official and parallel windows on Monday, September 2, 2024. The local currency was trading at N1,585/$1 on the official exchange according to the Nigerian Autonomous Foreign Exchange Market (NAFEM) data and N1,635/$1 on the parallel market. This shows that N1,585/$1 is N13 lower than the N1,598/$1 the currency traded at the previous day’s official …

For more than a year, especially since the start of the new administration by the federal and state governments in May 2023, questions have been raised about how each level of government spends the allocations disbursed to them every month. The Federal Account Allocation Committee (FAAC) is responsible for reviewing and adopting allocations of funds to the states of the …

The Independent National Electoral Commission (INEC) announced last week that the All Progressives Congress (APC) and 15 other political parties contesting the Edo State governorship election would sign a peace agreement ahead of the exercise on September 12. In the same week, former Kaduna State Governor Nasir El-Rufai slammed the politics of bitterness and jealousy in the state. This story …

The Nigerian equity market kicked off the new week and September on a positive note as investors raked in profits of N123 billion at the close of trading on Monday, September 2, 2024. This follows the rise in share prices of stocks such as Oando, IMG and ETranzact among others on the trading floor. After five hours of trading in …

The Nigerian stock market rallied again last week following strong performances from stocks such as Oando, Julius Berger, Eterna, Deapcap and others. After five days of trading, investors smiled home with profits of N348 billion last week. The Nigerian stock market rose in four of the five trading sessions as the All Share Index (ASI) rose 0.63% to close the …

Nigerian police have declared a British national, Andrew Wynne, and a Nigerian national, Lucky Obiyan, as wanted for allegedly plotting to overthrow the government of President Bola Tinubu. Police also allege that the British national, also known as Andrew Povich, set up a network of sleeper cells to overthrow the government. Police Public Relations Officer, Muyiwa Adejobi, disclosed this to …

The Deputy National Publicity Secretary of the Peoples Democratic Party (PDP), Ibrahim Abdullahi, said on Monday that former Vice President Atiku Abubakar and two other opposition figures in the country were holding merger talks ahead of the 2027 general elections. Other major opposition figures are Labour Party presidential candidate Peter Obi and his New Nigeria Peoples Party (NNPP) counterpart Rabiu …

Here are the top 10 stories making headlines across the country. 1. Tinubu arrives in China for state visit Nigerian President Bola Tinubu on Sunday arrived in Beijing, China, for a state visit. Read more 2. SERAP drags Akpabio and Abbas to court for ‘fixing NASS operational costs’ The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against …

Nigerian President Bola Tinubu on Sunday arrived in Beijing, China, for a state visit. According to the Nigerian Presidency, Tinubu’s presidential plane landed at the Beijing Capital International Airport on Sunday at 7:12 p.m. Chinese time and the President was welcomed by his Chinese counterpart, President Xi Jinping. Tinubu’s Special Assistant on Social Media, Dada Olusegun, who disclosed this in …

CLAIM :On Tuesday, August 28, 2024, user X Harry @chiditweets042 posted two images of people with human body parts, claiming they were arrested in Ondo State. The user also claimed that one of those arrested was an Islamic cleric, and that they had a human hand, three kidneys, three hearts, a spine, and a tongue. FULL TEXT The threat of …