News

Traders count losses as fire destroys Abuja market Goods and properties worth millions of naira were reduced to ashes in the market located in Karu suburb of the Federal Capital Territory. Traders, who lost their goods in the inferno, could be seen wailing uncontrollably over their losses. “Everything is burned. I couldn’t salvage anything. This is where we feed ourselves. …

The naira gained its first in more than 10 days against the US dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the Nigerian currency strengthened by N5 to trade at N1,505/$1 on the official market today. The currency was trading at N1,510/$1 on Thursday. The intra-day high and low recorded during the day were N1,540/$1 …

The United States has imposed sanctions on three United Arab Emirates (UAE) shipping companies involved in Iran’s petroleum and petrochemical trade. The State Department also identified 11 vessels transporting petroleum products or petrochemicals as blocked property. The companies targeted are Sea Route Ship Management FZE, Almanac Ship Management LLC, and Al Anchor Ship Management FZE. US Secretary of State Antony …

Gombe State Governor Inuwa Yahaya has approved the immediate suspension of the Village Head of Garin Majidadi in Akko local government area of ​​the state, Mohammed Majidadi, over his alleged involvement in transformer theft. A Councilor representing Kumo East Ward in Akko LGA, Abdullahi Panda, was also suspended for the same reason. The Director-General of Press Affairs, Government House, Gombe, …

The National Bureau of Statistics (NBS) said on Friday that the average cost of a healthy diet per day in the country stood at N1,041 in May. The NBS disclosed this in its Cost of a Healthy Diet (CoHD) report last month released in Abuja. The bureau said CoHD in May increased by one per cent compared to N1,035 recorded …

Over 13,000 attendees gathered for Outpouring New York with Minister Dunsin Oyekan. It was a night of unforgettable gatherings. Renowned gospel music minister Dunsin Oyekan said the Outpouring New York event was a night to remember. Over 13,000 attendees gathered physically, while hundreds of thousands joined online around the world at the UBS Arena. The event was characterized by intense …

MRS Nigeria Limited shareholders have approved the voluntary delisting of the company’s shares from the Nigerian Exchange Limited (NGX). Following the delisting, the company whose market capitalization currently stands at N46.3 billion withdrew its shares from the equity market. MRS Oil disclosed this in a recent notice to NGX and the investment community and signed by its Corporate Secretary, Mrs …

The trial of Willie Obiano, former governor of Anambra State, resumed on Wednesday, June 26, 2024 before Justice Inyang Ekwo of the Federal High Court, Abuja with two prosecution witnesses revealing how they allegedly gave cash to Obiano both in naira and dollars through his proxy. Ugochukwu Chinedu, Prosecution Witness, PW3, and former banker between November 2, 2008 to March …

The crusade of former Kaduna State governor, Mallam Nasir El-Rufai, as he sought an order from the Federal High Court in Kaduna to quash the state House of Assembly report that charged him with theft worth N432 billion, has drawn ridicule from Senator Shehu Sani, a former lawmaker who representing Kaduna Central in the National Assembly. El-Rufai, on Wednesday, filed …

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has acknowledged the widespread suffering in Nigeria, and stated that it is no longer news. He made these remarks at the “25 Years of Unbroken Democracy” lecture and awards event in Abuja, where he engaged in a heated debate with human rights activist Mike Ozekhome and Senator Shehu Sani. Wike …