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The Socio-Economic Rights and Accountability Project (SERAP) has called on the Senate President, Godswill Akpabio to use his leadership position to reject the plan by the Minister of the FCT, Nysome Wike to spend N15 billion for the construction of ‘a befitting residence’ for the Vice President, Mr Kashim Shettima. SERAP urged him to “assert Senate’s authority and constitutional oversight …

Peter Obi, the presidential candidate of the Labour Party in the February 25 election, has urged youths and other well-meaning Nigerians to work together to dismantle criminality and corruption that had festered through different levels of government in the country. Obi stated this while giving a highlight of his engagement with some Nigerian youths in Enugu on Friday. Obi, in …

The Nigerian capital market continued its bullish run on Thursday with a 0.11% growth in the All-Share Index (ASI). After five hours of trading, the ASI rose to 71,365.25 from 71,284.56 posted by the bourse the previous day. In the same vein, the market capitalization increased today by N44 billion to N39.052 trillion from N39.008 trillion recorded the previous day. …

President Bola Tinubu on Wednesday presented the 2024 appropriation bill of the federal government of N27.5 trillion to a joint session of the National Assembly. In the budget, the Federal Government earmarked the sum of N3.25 trillion for defence and security in the 2024 budget estimates, representing 12 per cent of the estimates. The allocation encompasses funding for the military, …

The Nigerian naira, Wednesday, November 29, 2023, recovered from a three-day consecutive slump to gain N50.41 against the dollar to close at N831.47/$1 at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window. The domestic currency appreciated 6.06% to close at N831.47 to a dollar at the close of business on Wednesday, data from the NAFEM where forex is officially …

Here are the top 10 stories making headlines across the country. 1. Tinubu writes Senate seeking approval for fresh $8.7bn, €100m loans President Bola Ahmed Tinubu, on Tuesday, sought the approval of the Senate for a fresh $8.7bn and €100 million loans.Read more 2. Emefiele’s case adjourned till Jan 18, returned to prison custody The Federal Capital Territory High Court, …

Trading activities on the floor of the Nigerian stock market ended on Tuesday with the All-Share Index dropping by -0.44%. After five hours of trading today, the ASI decreased to 71,041.05 from 71,353.81 posted by the bourse the previous day. Similarly, the market capitalization decreased today by N164.76 billion to N38.87 trillion from N39.040 trillion recorded at the close of …

The Federal Capital Territory High Court, on Tuesday, adjourned till January 18, 2024, the trial of a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Ripples Nigeria reports that Emefiele is being tried for alleged procurement fraud. Emefiele was accused of using his position to confer a corrupt advantage on Sa’adatu Yaro, a staff member of the …