News

Former Cross River Governor Duke slams purchase of presidential jet

Donald Duke, a former governor of Cross River state, has slammed the recent purchase of a presidential plane as a “failure of leadership” amid Nigeria’s economic challenges. Speaking on Channels Television’s “Inside Sources” programme on Friday, the Duke discussed the president’s confirmation of the purchase of Airbus A330s to replace the aging Boeing B737-700s acquired during the tenure of former …

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Naira drops N5 on official exchange, trading at N1,598/$1

The Naira fell against the US dollar on Friday, August 30, 2024. The local currency was trading at N1,598/$1 on official exchanges according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,598/$1 is N5 higher than the N1,593/$1 traded on the official window the previous day. The intraday high and low prices recorded during the …

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Students Shoot in D£ad as Suspected Boko Haram Terrorists Attack School in Yobe – TrendyNewsReporters

Gunmen suspected to be Boko Haram insurgents have killed students at Faudiya School in Geidam Local Government Area of ​​Yobe State. Faudiya School belongs to the Islamic Movement in Nigeria (IMN), a Shia sect in Nigeria. According to sources, the attackers invaded Hausari neighborhoods in Geidam Local Government Area at around 3:44 am on Friday, August 30, 2024. A source …

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10 headlines from all newspapers in Indonesia, Saturday, August 31, 2024

Here are the top 10 stories making headlines across the country. 1. Police summon Ajaero on new charges, and will appear on September 5 The Nigerian Police have invited Nigeria Labour Congress (NLC) President Joe Ajaero for questioning on suspicion of criminal intimidation.Read more 2. Suspected Boko Haram rebels attack Islamic school, killing 3 students in Yobe Gunmen suspected of …

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Manchester City striker Erling Haaland ‘splashes out £2.1m for two private jets’ – TrendyNewsReporters

Manchester City striker Erling Haaland has reportedly splashed out £2.1 million on two private jets. According to the Mirror, filings from his rights company, York Promotions Ltd, show the Norwegian star has entered into a deal to purchase two planes. Statements attached to the annual accounts reveal: “The company has entered into an agreement to acquire a share in two …

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NGX: Equity market closes week with N98 billion profit for investors

Nigeria’s equity market closed on Friday with a gain of N98 billion for investors. This follows the growth in share prices of stocks such as Julius Berger, Deapcap and Oando among others on the trading floor. After five hours of trading in the capital market, equity capitalization jumped to N55.4 trillion from N55.3 trillion recorded by the bourse on Thursday. …

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PSC promotes CP Lagos and seven others to AIG

The Police Service Commission (PSC) has promoted the Lagos State Commissioner of Police, Fayoade Adegoke, and seven others to the next rank of Assistant Inspector General of Police (AIG). PSC Head of Press and Public Relations, Ikechukwu Ani, confirmed the development in a statement on Friday in Abuja. Others promoted are CP, Federal Capital Territory (FCT) Benneth Igwe, Acting Assistant …

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We sold at 3500 per bag but traders were selling to Nigerians at 8000 – BUA Cement Chairman Rabiu on his efforts to bring down cement prices

AbdulSamad Rabiu, the multi-billionaire chairman of BUA Cement, said his company’s intention to sell cement at N3,500 in 2023 was frustrated by the actions of cement dealers. Rabiu said BUA sold over one million tonnes of cement to dealers at N3,500 a bag, with the intention that Nigerians would buy cement at an affordable price, but instead, traders and wholesalers …

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