News

In a bid to reorganize the traditional leadership structure in Kano State, Governor Abba Yusuf, on Wednesday, approved the appointment of three second-class Emirs for the emirates of Rano, Gaya and Karaye. The new emirate will be under the auspices of the first-class emirate of Kano, with the following emirs appointed: – Alhaji Muhammad Karaye (Emir Karaye) – Alhaji Muhammad …

Former aide to former President Goodluck Jonathan, Reno Omokri, has vowed that as long as he lives, Peter Obi, the Labour Party’s presidential candidate in the 2023 presidential election, will never become Nigeria’s president. The self-styled socio-political activist, in a post on his X account, said the former Anambra state governor does not even believe in his party’s manifesto and …

Justice Deinde I. Dipeolu of the Federal High Court sitting in Ikoyi, on Monday, July 15, 2024, ordered the final confiscation of 20 cars stolen from Canada to Nigeria. The cars were handed over to the Federal Government of Nigeria. The judge made the order following a motion for notice filed by the Economic and Financial Crimes Commission (EFCC). The …

Here are the top 10 stories making headlines across the country. 1. Tinubu to meet again with labour leaders on Thursday to finalise new minimum wage President Bola Tinubu will hold a follow-up meeting with labour leaders on Thursday to reach a consensus on a new minimum wage, according to Minister of Information and National Orientation, Mohammed Idris.Read more 2. …

The International Monetary Fund (IMF) has revised down its projection for Nigeria’s economic growth by 0.2 percentage points amid weaker-than-expected activity in the first quarter of this year. Nigeria’s growth forecast was revised down by 0.2 from the previous projection in April. This in turn led to a downward revision of economic growth in sub-Saharan Africa. The IMF announced these …

The faction in the Rivers State House of Assembly loyal to Governor Siminalaye Fubara has rejected a move by a rival group to stop the governor from spending state revenues. A faction in the Assembly led by Martins Amaewhule on Monday passed a resolution stopping the governor from incurring further expenditure from the 2024 budget. Lawmakers loyal to Federal Capital …

Investors in the Nigerian capital market made a profit of N62 billion at the close of trading on Tuesday. This follows the increase in stock prices such as UCAP, CUTIX and SUNU ASSURANCE among others on the trading floor today. After five hours of trading in the capital market, equity capitalization increased to N56.67 trillion from N56.60 trillion posted by …

●Contemplates tougher laws against crude oil theft and vandalism [Press Release] The National Assembly has strongly supported the ongoing efforts of NNPC Limited to boost Nigeria’s crude oil production and increase its reserves, saying it will consider tougher consequences for crude oil thieves and vandals of the country’s critical hydrocarbon infrastructure. The news was made public on Tuesday when the …

The naira reversed its decline against the US dollar on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N1 to trade at N1,576/$1, down from N1,577/$1 recorded at the official window on Monday. The highest and lowest intraday prices recorded during the day were N1,592/$1 and N1,492/$1 respectively, indicating a narrow spread …

The Nigerian Navy has rescued eight female victims of human trafficking in the country. Director of Naval Information, Commodore Aiwuyor Adams-Aliu, who disclosed this in a statement on Tuesday in Abuja, said the victims were rescued between Saturday and Tuesday. He said officers also rescued two drowned fishermen and arrested eight stowaways in Nigerian waters. According to Adams-Aliu, the feat …