News

Here are the top 10 stories making headlines across the country. 1. Revenue allocation drops by N155 billion as central, state and local governments share N1.2 trillion in August The three tiers of government on Tuesday shared a revenue allocation of N1.2 trillion for August. Read more 2. Aviation workers halt protest over 50% IGR cut The National Association of …

Nigeria’s equity market returned from the Eid-el-Mauldah holiday on Tuesday with a gain of N131 billion for investors. This follows a surge in the prices of shares such as FLOUR MILL, FBNH (First Bank of Nigerians Holdings), and VITAFOAM among others on the trading floor. After five hours of trading in the capital market, equity capitalization increased to N56.1 trillion …

The naira weakened by N110 against the US dollar on the official exchange on Tuesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,656/$1, up from N1,546/$1 traded at the official window the previous day. However, the naira strengthened by N5 against the dollar in the parallel forex market to trade …

The National Association of Aircraft Pilots and Engineers (NAAPE) has postponed a protest planned for Wednesday. Workers on September 12 announced plans for a strike following the Federal Government’s 50% cut in internally generated revenue (IGR) from airlines. NAAPE is the parent body of unions in the aviation sector. The association comprises members of the National Union of Air Transport …

Nigeria has vowed to strengthen cultural ties with other West African countries in pursuit of its policy of promoting cultural diplomacy. The promise was made on Tuesday in Abuja by the Minister of Arts, Culture and Creative Economy, Hannatu Musawa during the event sponsored by the United Nations Educational, Scientific and Cultural Organization (UNESCO) “Sharing experiences and good practices in …

The new-format UEFA Champions League got off to a goal-scorching start on the first day of the league phase, with defending champions Real Madrid beating Stuttgart 3-1. Kylian Mbappe became the opener for the hosts soon after the second half started. Antonio Rüdiger and Endrick scored the other two goals for the Spanish giants while Deniz Undav scored the only …

Federal Capital Territory (FCT) Minister Nyesom Wike on Tuesday met with the Board of Trustees (BoT) of the Peoples Democratic Party (PDP) in Abuja. The meeting was part of ongoing efforts to find a lasting solution to the political crisis in Rivers State. The BoT led by former Senate President Adolphus Wabara last month invited the minister to a meeting …

The House Minority Caucus on Tuesday urged the Federal Government to review the price of Premium Motor Spirits (PMS) also known as petrol to prevent further hardship for Nigerians. In a statement in Abuja, Minority Leader, Kingsley Chinda, said the current price of petrol is a huge burden on the general public. However, he expressed concern over the recent statement …

The Presidency has dismissed reports that President Bola Ahmed Tinubu has asked the Central Bank of Nigeria (CBN) Governor, Yemi Cardoso to resign as a pack of lies. Special Adviser to the President on Information and Strategy, Bayo Onanuga, made the clarification in a post on his X account on Tuesday. READ ALSO: How Nigeria can regain the trust of …

Rivers State Governor, Siminalayi Fubara, has suspended the Chairman, Caretaker Committee of Akuku-Toru local government area of ​​the state, Otonye Briggs. The Governor’s Press Secretary, Nelson Chukwudi, disclosed this in a statement on Tuesday in Port Harcourt. He said the chairman’s suspension was effective immediately. However, no reason was given for Briggs’ suspension. The governor inaugurated the implementing committees for …