News

In a bid to meet the demand for foreign exchange transactions, the Central Bank of Nigeria (CBN) has approved the sale of foreign exchange (FX) to qualified bureaux exchange (BDC) operators at a rate of N1,450|$1. Eligible BDCs will be allowed to purchase up to $20,000 but must sell it to eligible end-users at a margin of no more than …

Investors in the Nigerian stock market enjoyed a rally on the NGX floor after making a gain of N320.84 billion in the just-ended trading week. The exchange recorded profits on four of the five trading days and losses on only one trading day. Market capitalization rose by N320.84 billion to N56.93 trillion from N56.44 trillion in the previous week. Similarly, …

Nigeria’s fight against electoral corruption is facing a worrying trend, according to the National Bureau of Statistics (NBS). Their latest report, “Corruption in Nigeria: Patterns and trends in the third survey on corruption experienced by the population,” reveals an increase in vote buying during the 2023 general elections. The survey found that 22% of voters faced attempts to influence their …

Ojoku Grammar School in Oyun Local Government, Kwara State, was once renowned for its high quality education and abundant facilities since its establishment in 1974. The school used to attract many parents to enroll their children. However, all its excellent qualities have been lost due to neglect and lack of funding over the years. The entrance arch resembles a barren …

Former President of the Performing Musicians Association of Nigeria (PMAN), Charles Oputa alias Charly Boy, has urged controversial pastor, Chukwumeka Cyril alias Odumeje to use his power to save Nigeria. He made the call after Odumeje slammed billionaire industrialist Aliko Dangote for not “heeding his prophecy” regarding his oil refinery in the Ibeju-Lekki area of ​​Lagos, which caught fire about …

Gunmen suspected to be herdsmen killed 18 people in Mbache District, Katsina-Ala local government area, Benue State on Friday. The chairman of the caretaker committee in Katsina-Ala LGA, Mr. Justine Shaku, told reporters on Saturday that a man and his two children were also abducted during the attack. Shaku said he received an emergency call at 11 p.m. Friday, saying …

In a major counter-terrorism operation, the Nigerian Army has managed to clear and destroy a terrorist camp belonging to the Indigenous People of Biafra (IPOB) and the Eastern Security Network (ESN) in Ezere Forest, Umuawa Aku, Okigwe Local Government Area (LGA) of Imo State. The operation, which spread to Akawa Nnneato and Lomara communities in Umunneochi Local Government Area of …

The Peoples Democratic Party (PDP) in Ebonyi State has given reasons for its non-participation in the local council elections in the state. The Ebonyi State Independent Electoral Commission (EBSIEC) on Saturday conducted elections in 171 wards across 13 local councils in the state. The chairman of the PDP executive committee in the state, Mr. Steve Oruruo, in a chat with …

The National Chairman of the All Progressives Congress (APC), Umar Ganduje, on Saturday vowed to reclaim Edo State for his party in the September 21 general elections in the state. The Chairman stated this while inaugurating the APC national campaign council led by Cross Rivers State Governor, Bassey Otu, in Abuja. He tasked his members to ensure his party reclaims …

●Reiterates firm determination to create jobs and diversify the Nigerian economy President Bola Tinubu has launched the Yobe State Agricultural Empowerment Programme in Damaturu, the state capital, as part of his government’s efforts to ensure food security and stimulate economic growth across Nigeria, The initiative, which involves the supply of agricultural machinery and tools, is part of a broader national …