News

The Naira lost N5 in the official window, trading at N1,490/$1

The Nigerian currency, the naira started the week on a weaker note as it weakened slightly against the American dollar on Monday, June 24, 2024. The domestic currency traded at N1,490.20/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. At the end of trading on Monday, the naira lost N5 against the dollar following the value of N1,485.53/$1 …

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Shoprite will close its Abuja branch on June 30, citing financial reasons

Shoprite Mall announced that it will close its branch located at Novare Central Mall in Wuse Zone 5, Abuja, effective June 30, 2024. This decision was taken after a thorough evaluation of the store’s financial situation and current business climate, according to a circular signed by CEO Dr. Folakemi Fadahunsi on Monday. The circular read: “We regret to inform you …

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Abiodun emerged as chairman of the Southern Governors Forum, Soludo as his deputy”

Ogun State Governor, Dapo Abiodun, has been elected as the new chairman of the Southern Governors Forum, with Anambra State Governor, Professor Charles Soludo, as his deputy. The election took place at a forum meeting held at the Presidential Lodge in Abeokuta, Ogun State, which was attended by 16 governors from the South-West, South-South and South-East geopolitical zones of Nigeria. …

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The Flamingos are set for a tough group game in the U-17 World Cup final

The Nigerian Flamingos have been placed in Group A alongside hosts Dominican Republic, Ecuador and New Zealand for the 2024 FIFA U-17 Women’s World Cup. The tournament draw took place at the Fray Anton de Montesinos Monument in Santo Domingo, Dominican Republic over the weekend. Defending champion Spain is in Group B with the United States, South Korea and Colombia. …

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Dangote regretted that the Nigerian government had given permission to import dirty fuel that is banned in Europe

Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, lamented the large number of permits given indiscriminately to marketers who he said end up importing dirty fuel into Nigeria, endangering the health of citizens and polluting the environment. He deplored the actions of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) which caused much loss to …

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Jorg Potreck appointed as new general manager of Transcorp Hilton Abuja

Jorg Potreck has been appointed as the new General Manager of Transcorp Hilton Abuja, succeeding Burlent Tarlan who completed his tenure. Potreck has over forty years of extensive experience in the hospitality industry, including 20 years as a general manager in various global locations such as Germany, the United Kingdom, Austria, South Africa and Egypt. Potreck joins Hilton from his …

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Minister Tinubu accused the Buhari government of mismanaging a $100 million World Bank loan

Minister of Women Affairs, Uju Kennedy-Ohanenye, on Monday, accused the Muhammadu Buhari administration of mismanaging the first tranche of a $500 million World Bank loan aimed at empowering women in Nigeria. Kennedy-Ohanenye, who spoke on Arise Television’s Morning Show, alleged that the initial $100 million released for the Nigeria Project For Women was not put to good use by the …

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Police criticized actress Laide Bakare for shouting at officers in public

The Lagos State Police Command has criticized Nollywood actress, Laide Bakare, over her public behavior. The actress in a video posted on social media criticized some police officers for allegedly harassing her and leaving with her 14-year-old daughter. in his car during heavy rain. The man also wondered why he was the only person stopped by officers when other cars …

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Florida rapper Julio Foolio ambushed, killed while celebrating birthday

  Florida rapper Julio Foolio was shot and killed in Tampa on Sunday, just two days after celebrating his 26th birthday, according to his attorney. Rapper Julio Foolio [left] was shot and killed in Florida two days after his 26th birthday. Foolio, whose real name is Charles Jones, was staying at a Holiday Inn hotel in Tampa after being “kicked …

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