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The Naira recovered from days-long slump and traded N1,576/$1 at the official window on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that Thursday’s figure was N91 lower than the N1,667/$1 the currency traded at the previous day’s official window. The naira lost N20 against the dollar in the parallel section of the forex market and traded …

Justice Obiorah Egwuatu of the Federal High Court, Abuja, on Thursday, fixed October 25 for Ali Bello and his co-defendants to cross-examine the prosecution witness of the Economic and Financial Crimes Commission (EFCC), Jamilu Abdullahi, in their ongoing trial on money laundering charges. Ali, nephew of former Kogi state governor Yahaya Bello, was charged by the commission alongside three others …

Former spokesperson for President Atiku Abubakar’s 2023 Election Campaign Team, Daniel Bwala, stated that only President Bola Tinubu has the authority to decide which Ministers will remain in his cabinet and which will be replaced. Recall that the Presidency on Wednesday through a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed that there …

Nigeria has secured a $10 billion investment from ExxonMobil in Nigeria’s deepwater oil operations. This development was announced by Stanley Nkwocha, senior special assistant to the vice president for media and communications in a statement issued on Thursday, September 26, 2024. He disclosed that Shane Harris, chairman and managing director of ExxonMobil Affiliates in Nigeria, spoke about the investment plans …

Edo State Governor-elect, Monday Okpebholo, and his Deputy, Dennis Idahosa, on Thursday formally received the certificates of return from the Independent National Electoral Commission (INEC). This milestone, which was confirmed by INEC National Commissioner Rhoda Gumus, strengthens their positions as the next governor and deputy governor. Okpebholo’s victory in the tight Edo governorship election was announced on Sunday by Prof. …

A famous Greek singer was admitted to intensive care on Wednesday night, after suffering a stroke during a concert at the historic Odeon theatre located beneath the Acropolis in Athens. Video taken from the audience shows 86-year-old folk singer Marinella collapsing on stage during the Herodes Atticus memorial service, which took place at the Roman-era Odeon. The disturbing scene that …

The All Progressives Congress (APC) in Kano State has vowed to protect its votes in the upcoming local government elections, scheduled for October 24, 2024. Abdullahi Abbas, the head of state, made this statement in an interview with the News Agency of Nigeria (NAN), on Thursday. According to Abbas, the party is taking all necessary steps to ensure maximum participation …

Social media critic and activist Martins Vincent Otse, also known as Very Dark Man, has responded to rapper Falz. This comes after the musician and actor gave him a 24-hour ultimatum to retract and apologise for the statement he made in response to an alleged audio clip in which Bobrisky claimed he had contacted Falz and his father, Femi Falana …

The Federal Government of Nigeria has announced plans to implement Tax Identification Consolidation and Collaboration (TICC) to broaden the tax base, widen the tax net to create a level playing field for businesses. This development was announced by the Chairman of the Presidential Committee on Fiscal Policy Tax Reform, Taiwo Oyedele in a statement on his official account X yesterday. …

Devastating floods that have hit parts of Nigeria have destroyed crops that could have fed 8.5 million people for six months, according to the Food and Agriculture Organization of the United Nations (FAO). This dire situation has exacerbated the country’s already deteriorating food security situation, with nearly half of Nigeria’s 200 million people living in extreme poverty. The FAO report …