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The naira closed the week with a slight gain of N3 against the US dollar on the official exchange on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) shows that The local currency was trading at N1,541/$1, lower than the N1,544/$1 traded at the official window on Thursday. The naira strengthened N2 against the dollar in the parallel …

Plateau State Governor, Caleb Mutfwang, has dismissed rumors about his planned transition to the All Progressives Congress (APC). A flexible banner with the governor’s image suggesting his defection from the Peoples Democratic Party (PDP) to the APC has surfaced on social media. One of the banners was also installed at a strategic location in Benin City, Edo State. However, in …

Justice Peter Lifu of the Federal High Court, Abuja, on Friday, dismissed an application seeking to stop the Enugu State Independent Electoral Commission (ENSIEC) from conducting Saturday’s local government elections in the state. The judge in his ruling on an oral application filed by counsel for the All Progressives Congress (APC), Michael Aondoakaa (SAN), stated that stopping the election would …

Police officers in Lagos have arrested three suspected armed robbers in the state. State police spokesman Benjamin Hundeyin confirmed this in a post on his X account on Friday. He said the suspects were arrested at about 2:00 p.m. in the Ibeju-Lekki area of ​​the state. The spokesman said: “Elemoro Division officers responded to an emergency call on Friday about …

Justice Abubakar Mukhtar of the Magistrates Court in Abuja on Friday, adjourned the hearing in the alleged perjury case filed against the governorship candidate of the All Progressives Congress (APC) in Edo State, Monday Okpebholo, indefinitely. The postponement follows an order by Justice OC Agbaza of the Federal Capital Territory (FCT) High Court granting Okpebholo leave to file a review …

United Nations Secretary-General Antonio Guterres strongly condemned the terrorist attacks in Mali. Gunmen on Tuesday attacked a police compound in Bamako, the country’s capital, where more than 70 people were killed and more than 200 injured. However, in a statement hours later, Mali’s Ministry of Security and Civil Protection assured that the situation was under control. In a statement issued …

Former Chairman of the Nigeria Economic Summit Group (NESG), Kyari Bukar, on Friday lamented that the inefficiency and bureaucracy of the Nigeria Customs Service and other agencies such as the Nigerian Ports Authority (NPA) were costing Nigeria trade volumes to the ports of neighboring Benin Republic. He noted that a large volume of international shipments now enter Nigeria through ports …

The Inspector-General of Police, Olukayode Egbetokun, has announced restrictions on movement in Edo State ahead of the governorship election scheduled for Saturday, September 21, 2024. This action aims to ensure a peaceful, transparent and credible election process. At least 17 political parties will take part in the election, with the main contenders being the All Progressives Congress, the People’s Democratic …

Generative AI (Artificial Intelligence) is nothing new, however, the recent explosion in AI tools available to anyone such as image creation tools and AI-based applications, while offering new opportunities, can also put small business owners in new and unknown territory. GoDaddy shares several ways in which generative AI can help small business owners and entrepreneurs increase creativity, streamline operations, and …

The Central Bank of Nigeria (CBN) has denied it will reintroduce a controversial cybersecurity levy that was previously suspended. The denial was contained in a statement entitled “Clarification Regarding the Guidelines for Monetary Policy, Credit, Foreign Trade, and Foreign Exchange for the 2024-2025 Fiscal Year (Monetary Policy Circular No. 45) released by Bank Indonesia on Friday, September 20, 2024. On …