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The Nigerian Customs Service (NCS) has seized 12 containers of Tramadol, expired drugs and 27,540 machetes worth N1.8 billion in Lagos. Comptroller General of Customs, Bashir Adeniyi, disclosed this while uncovering the contraband on Thursday in Lagos. Adeniyi said expired pharmaceutical products were imported without going through the necessary regulatory requirements. He added that some drugs do not have a …

The National Working Committee (NWC) of the All Progressives Congress (APC) on Thursday rejected a court ruling that reinstated the dissolved Chief Emeke Beke-led Executive Committee in Rivers State. The Deputy National Secretary of the party, Mr. Festus Fuanter, disclosed this to journalists after a closed-door meeting of the NWC in Abuja. Justice Sika Aprioku of the Rivers State High …

[Press Release] In a significant step towards enhancing Nigeria’s refining capacity to promote economic growth and development in the country, the Federal Government has inaugurated the technical sub-committee to develop the framework for the sale of crude oil to local refineries in Naira. Minister of Finance and Coordinating Minister of Economy, Wale Edun, while inaugurating the Committee in his office …

Minister of Finance and Coordinating Minister for Economic Affairs, Wale Edun, said on Thursday that the Federal Government has increased the country’s foreign exchange reserves by $4 billion since January. The minister stated this at an investors’ meeting for the issuance of $500 million Federal Government bonds in Lagos. He said the federal government’s aggregate revenues had doubled. Edun said …

The naira strengthened against the US dollar on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N22 to trade at N1,564/$1, down from N1,586/$1 it traded at on Wednesday. The highest and lowest intraday prices recorded during the day were N1,600/$1 and N1,515/$1 respectively, indicating a very tight spread of N85\$1. However, …

    Munachimso Brian Nwana, a 22-year-old content creator and food consultant, has set the world record for the most fast food restaurants visited in 24 hours. Brian visited 150 different venues, breaking the previous record of 100, set last year by American YouTuber Airrack. Before that, the record belonged to TikTok stars Nick DiGiovanni and the late Lynn “Lynja” …

For the fourth straight day this week, the downward trend in the Nigerian equity market continued on Thursday as investors lost N84 billion at the close of trading. This follows a decline in share prices such as OANDO, ABCTRANS, and GUINEAINS among others on the trading floor. After five hours of trading in the capital market, equity capitalization declined to …

Police officers in Kaduna have arrested two siblings for allegedly burying a man alive in the Zaria area of ​​the state. State police command spokesman, ASP Mansir Hassan, confirmed the development in a statement on Thursday in Kaduna. He said the suspect was arrested after a video showing a person buried with only his head left was circulated to the …

A 14-year-old boy has been taken into custody by the Edo State Police Command for allegedly sexually assaulting a 6-year-old girl in Sobe community, Owan West Local Government Area. The suspect reportedly lured the minor girl to his residence and perpetrated the heinous act. The victim’s father initially reported the incident to the police but later sought to withdraw the …

The Defence Headquarters has announced that the military has destroyed 84 illegal refinery sites and denied stealing crude oil worth N943.16 million in the Niger Delta region. Major General Edward Buba, Director of Defense Media Operations, said the military had made significant progress in combating crude oil theft and illegal refining. “We have not achieved the daily crude oil production …