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In a bid to revolutionize local government administration, the Financial Autonomy Advisory Committee for the 16 local government areas of Taraba State has launched an innovative blueprint. The committee, chaired by Rt. Hon. Peter Diah, aims to create a model of efficiency and innovation that sets new standards for local governance, and paves the way for other states to follow …

As other children walked home from school on Friday afternoon, Emmanuel Aniede was seen running around Ikpa Street in Uyo, Akwa Ibom State, trying to sell every water bag in his bowl. Twelve-year-old Emmanuel, nicknamed “Vinicius” for his talent in football, said he dropped out of school in 2017 due to the lack of schools in his community and his …

Here are the top 10 stories making headlines across the country. 1. Tinubu chairs first Council of State meeting; Jonathan, Buhari attend President Bola Tinubu is currently chairing a meeting of the Council of State at the Aso Rock Villa in Abuja. This is the first since he was sworn in as president last year.Read more 2. Tinubu approves policy …

The downward trend in the Nigerian equity market continued on Tuesday as investors lost N278 billion at the close of trading. This follows a decline in the share prices of the likes of Oando, Livestock Feeds and Cornerstone among others on the trading floor. After five hours of trading in the capital market, equity capitalization plunged to N55.2 trillion from …

Nigeria’s currency, the naira, started the new trading week on a high note by continuing its recovery against the US dollar on Monday, August 12, 2024. The local currency strengthened by N4 to trade at N1,570/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.574/$1 traded on Friday, August …

Here are the top 10 stories making headlines across the country. 1. Shaibu returns as Edo deputy governor weeks after being re-appointed (video) Edo State Deputy Governor Philip Shaibu has returned to office weeks after he was reinstated by the court.Read more 2. Edo govt accuses Philip Shaibu of impersonation, says he is not deputy governor The Edo State government …

A group of prominent Nigerian figures, “The Patriots” led by former Commonwealth Secretary-General, Emeka Anyaoku, last week called on President Bola Tinubu to convene a national constituent assembly to produce a new constitution for the country. That same week, former President Olusegun Obasanjo called for the prosecution of public officials in the country for abusing their office. This story and …

Nigerian equity market started the week at its lowest on August 12, 2024 as investors lost N404 billion at the end of the trading session. This follows the increase in stock prices such as BUACEMENT, SKYAVN and SUNUASSUR among others on the trading floor. After five hours of trading in the capital market, equity capitalization declined to N55.574 trillion from …

Edo State Deputy Governor Philip Shaibu has returned to office weeks after he was reinstated by the court. Justice James Omotosho of the Federal High Court, Abuja, on July 17 reinstated Shaibu as deputy governor of Edo State and ordered the Inspector-General of Police, Kayode Egbetokun, to restore his security detail. The judge, who delivered the verdict in the suit …

Nigerian equity markets reversed losses recorded in the first trading week of August to post relatively profitable trading last week. The stock exchange strengthened in three of the five trading sessions as the All Share Index (ASI) rose +0.87% and closed the week at 98,592.12 points from 97,745.73 points in the previous week. Additionally, investors gained N480.8 billion as market …