News

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa, has reaffirmed Lagos as the beating heart of Nigeria’s economy, stressing that despite Abuja being the Federal Capital Territory, Lagos continues to drive the economic strength of the nation. Obasa made this statement on Thursday when he received the new leadership of the Lagos Chamber of Commerce …

The Bureau of Public Procurement (BPP) says an e-procurement system is underway in the country. The Director General of BPP, Dr Adebowale Adedokun, disclosed this on Wednesday in Abuja, when a delegation of the News Agency of Nigeria (NAN) paid a courtesy visit to his office. Zulum provides $1 billion in transportation support and distributes 500 electric tricycles to cyclists …

Investors in the Nigerian equity market earned N1.66 trillion at the close of trading on Thursday. This follows a surge in the prices of shares such as Guinea Insurance, Trans Express and Aradel, among others, on the stock exchange floor. The benchmark All-Share Index (ASI) index increased to 211,901.01 points from 209,317.41 points the previous day. After five hours of …

An Economic and Financial Crimes Commission (EFCC) witness, John Ibrahim, on Thursday told the Federal High Court, Abuja, how over N4.6 billion was allegedly diverted from the Bauchi State government coffers. Ibrahim, an EFCC investigator, is the first prosecution witness in the ongoing trial of Bauchi State Commissioner for Finance, Yakubu Adamu. The witness who was given evidence by the …

President Bola Tinubu, on Thursday in Abuja, reiterated his commitment to building a stable, peaceful and prosperous nation, assuring that the well-being of Nigerians remains his utmost priority. He said political and economic structures that have long undermined the prosperity of Nigerians are constantly being replaced through the realignment of the economy to enable full participation. Receiving a delegation of …

Judge Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court on Thursday issued an arrest warrant against former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq. The judge also ordered the arrest of Bashir Alkali, a former permanent secretary at the ministry. The Economic and Financial Crimes Commission (EFCC) has filed criminal charges against Farouq, who …

Nigeria’s currency, the naira, appreciated against the United States dollar at the official window on Thursday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,342.30/$1, compared with N1,343.70/$1 on Wednesday. This represents a gain of N1.44 for the local currency against the dollar. On the black market, the naira fetched N2 against the …

The Nigeria Customs Service has raised fresh concerns over an alleged plot by terrorists to launch coordinated attacks on key national assets in the Federal Capital Territory and neighboring Niger state. According to a domestic security memo obtained by TheCable, the planned targets include the Nnamdi Azikiwe International Airport, a correctional facility in Abuja and a military detention center in …

The Nigeria Immigration Service (NIS) has told the Federal Capital Territory High Court that a Nigerian passport submitted in a case over a disputed London property linked to the late former FCT minister, Jeremiah Useni, has not been issued by the agency. Testifying before Justice Chizoba Oji on Thursday, Aridegbe Akim, principal officer of the Comptroller General of Immigration, said …

Nasarawa State Governor, Abdullahi Sule, has warned governors and other political appointees in the state against making routine deliveries to the people they serve as achievements worthy of appreciation. The governor criticized basic responsibilities such as paying salaries and building roads as achievements, and stated that leadership should be measured by impactful and innovative solutions. Sule was speaking at the …