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The Minister of the Federal Capital Territory Administration, Nyesom Wike, said that significant reforms in the administration of the territory in the FCT are intended to combat speculation on the earth and accelerate the development of the capital of the nation. Speaking shortly after the inspections of infrastructure key projects in Abuja Tuesday, Wike indicated that the reforms are designed …

Nigeria’s equity market recorded marginal reasons marginal recovery from previous losses because investors received N31 billion at the close of trade on Tuesday. This follows the surge in stock prices such as Abbey Mortgage Bank, Unilever and study Afrca among others on the trading floor. After five hours of trading in the capital market, the capitalization of equity rose to …

Nigerian currency, Naira obtained N5.53 against the US dollar on an official market on Tuesday. Nigerian central bank data (CBN) shows that Naira appreciates N1.598.48/$ 1 compared to N1.604.48/$ 1 which is traded on Monday. In the black market, Naira closes flatly to be traded in N1.615/$ 1. Also read: Naira Sheds N18 Against Dollars in Official Windows Naira lost …

Kashim Musa Tumah While Yobe State continues his journey of recovery, reconstruction and development, the question of leadership becomes fundamental, especially looking at the electoral cycle of 2027. While political participation is the foundation of democracy, the complexities they face require it more than a simple political maneuver. They require a profound technical competence, a strategic planning and an approach …

Judge Inyang Ekwo from the Federal High Court, Abuja, on Tuesday postponed a lawsuit filed by the Nigerian Regional Government Association (Algon) against the Federal Government and the State until May 29. The Supreme Court on July 11, 2024, gave financial autonomy to 774 regional government territories in the country. However, Algon filed a lawsuit after alleged failure by the …

Judge Matthias Dawodu from the Lagos High Court, Ikeja, on Tuesday rejected the defamation lawsuit filed by Nigerian senior advocate, Femi Falana, against Instagram celebrity, Martins Otse alias Verydarkblackman (VDM). Falana and his son, Folan alias Falz, filed the lawsuit after a controversial cross-dresser, Okuneye Idris alias Bobrisky, accused them of deviations from justice in audio recordings The prosecutors demanded …

1. CBEX is an without a license platform Cbex operated without any official registration in Nigeria or Canada, despite having falsely claimed to have headquarters in Canada. The investigations did not reveal legitimate records of the company in the Canadian corporate directories. 2. Massive financial losses The platform presumably emptied over 1.3 trillion dollars (about $ 809 million) from the …

Dr. Akinwumi Adhesina, president of the African Development Bank (AFDB), recently shared the fascinating journey that led to her historical elections as president of the continental financial institution in 2015. Speaking to the 14th lesson of calling the National Open University of Nigeria (noun), Adhesin revealed that the key Nigerian leaders have carried out key roles in his ascent at …

The Nigerian Midstream and downstream oil regulatory authority (NMDPRA) has revealed that the popular import of Premium Motorbike (PMS), called gasoline, has plummeted from 44.6 million liters per day in August 2024 to 14.7 million liters on April 13, 2025. This is a decrease of about 30 ml, or 67 percent, according to the latest supply tracking by the agency. …

APC -ogo [Press Release] The Congress All Progressives Congress (APC) Ondo wishes to categorically refute the unfounded and incendiary statements made by the People’s Democratic Party (PDP). It is essential to clarify that the current security challenges that have to deal with the state of ondo are not simply a local question, but rather a national concern that is addressed …