News

  Below are some quick facts about the Samoa Agreement 1. The Samoa Agreement is a partnership agreement and an essential legal framework for cooperation between the EU and its Member States, on the one hand, and the members of the OACPS, on the other. Nigerian Ambassador to the Kingdom of Belgium, Luxembourg and the European Union, Obinna Onowu, signs …

The equity market started the week on a negative note as investors recorded losses of N8 billion at the end of the trading session on Monday, July 8, 2024. This follows the decline in stock prices such as PZ, CWG, CHAMS and others on the trading floor today. After five hours of trading on the capital market, equity capitalization decreased …

The Nigerian currency, the naira started the week against the US dollar on Monday, July 8, 2024 on a negative note. The local currency weakened by N14 to trade at N1,523/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This is in contrast to the exchange rate of N1.509/$1 traded on Friday, July 5, 2024. The highest and …

Here are the top 10 stories making headlines across the country. 1. New twist as Rivers court issues order against recognition of Amaewhule-led Assembly The Rivers State High Court sitting in Port Harcourt on Monday issued an ex-parte interim order restraining the state Chief Justice and the Clerk of the state House of Representatives from recognizing the Martins Amaewhule-led state …

Tracka, a subsidiary of BudgIT, lamented that Nigeria allocated N732 billion for unclear empowerment projects in the 2024 budget. The figure, the organization regretted, was higher than the Rp646.5 billion allocated for health projects in the budget. Tracka chief Ayomide Ladipo revealed this in his statement on Sunday. Tracka asserts that Nigerian empowerment projects are opaque and difficult to track …

The Rivers State House of Representatives, under the leadership of Martin Amaewhule, has issued a seven-day ultimatum to Governor Siminialayi Fubara to resubmit the 2024 budget to the House. The state assembly faction allied to the Federal Capital Territory Minister, Chief Nyesom Wike, took this stance during its session held at an undisclosed location in Port Harcourt on Monday. It …

Governor Seyi Makinde of Oyo State, on Monday, handed over the baton of office to the newly crowned Elempe Tapa, Oba Titiloye Oyekanmi, during a ceremony held at the Elempale Community Senior High School in the city. Representing the governor, Deputy Governor Bayo Lawal emphasized the important role of Elempe in fostering unity, peace and progress in the society. He …

In an effort to curb soaring food prices, the federal government has announced a suspension of duties, tariffs and taxes on imported food commodities. This development was announced in a statement on Monday, by Abubakar Kyari, Minister of Agriculture and Food Security. He stressed that duties, tariffs and taxes on imported corn, brown rice, wheat and peas — through land …

Breaking News: Bayelsa State, Dangote Industries Join Forces for Economic Growth! Governor Douye Diri Explores Game-Changing Partnership With Dangote Industries Governor Douye Diri on Sunday embarked on a fascinating tour of the state-of-the-art facilities of the Dangote Refinery, Petrochemical Plant and Ibeju-Lekki Port in Lagos State. He was warmly welcomed by Alhaji Aliko Dangote and Mr. Edwin Devakumar, a key …

Enugu State Governor, Peter Mbah, on Monday announced the allocation of N1,912,187,753.82 to settle long-term leave allowances owed to public primary school teachers. These payments, which span a four-year period, fulfill the governor’s commitment to prioritize the well-being and productivity of educators in the state. Also read: Government Stops Taxes and Import Duties on Food Commodities According to a statement …