News

Nigeria’s currency, the naira, started the week on a weaker note against the US dollar. The local currency lost N3 to trade at N1,508/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. At the close of trading on Monday, July 1, 2024, the naira lost N3 against the dollar after the exchange rate of N1.505/$1 recorded on Friday, …

Nigeria’s Onu Ika, has rejected the bill proposed by Senator Ned Nwoko to create Anioma State from the current Delta State as part of the South East region. The group, which claims to be the mouthpiece of the Ika National Ethnic Group, stated that it does not oppose the bill to form a new country which has been the subject …

The National Agency for Combating Trafficking in Human Beings (NAPTIP) has committed to step up its efforts against human trafficking by promoting data collection and strengthening collaboration with key stakeholders. This announcement was made by NAPTIP Director General, Prof. Fatima Waziri-Azi, during a capacity-building workshop for NAPTIP officials and civil society organizations (CSOs) held on Monday. Represented by Mr. Hassan …

The Rivers State Independent Electoral Commission (RSIEC) has officially scheduled October 5 as the date for the conduct of local government elections across the state. This announcement follows a series of consultations and preparations aimed at ensuring a smooth election process. In a statement released on Monday, the RSIEC outlined comprehensive guidelines designed to govern the upcoming board elections. The …

The Speaker of the Abia State House of Representatives, His Excellency Emmanuel Emeruwa, has categorically denied allegations that he expelled a journalist from Enyimba FM during a press briefing held at the conference hall of the State House of Representatives in Umuahia. Reacting to the claims made by Enyimba FM, Speaker Emeruwa described the report as “false, baseless and intended …

I am saddened, Nigeria is not investing in the future – Peter Obi. Labour Party presidential candidate Peter Obi has expressed concern that the Nigerian government is not investing in the future of its youth. He said the country needs changes, including free education for the youth, which he is ready to provide. Obi stressed the importance of eliminating wasteful …

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has expressed concern over the rising volume of non-bank transactions, which he said, threatens financial stability in West Africa. Cardoso stated this on Monday at the 10th meeting of the Supervisory Board of Non-Bank Financial Institutions of the West African Monetary Zone. Cardoso, represented by the Acting Director of the central bank’s …

Cristiano Ronaldo missed a penalty in extra time but Portugal made it through to the quarter-finals of the European Championship on Monday night. Ronaldo was in tears after his shot was stopped by Jon Oblak in the first half of extra time. Portugal were held to a goalless draw by impressive Slovenia for 120 minutes, forcing the game to penalties. …

  The NBA Asaba Branch has been informed of the transition of a very senior member of the branch to the diaspora, Emeka Arinze, Esq. Emeka Arinze, Esq., was admitted to the Nigerian Bar in 1983. Until his death, Emeka was an expert in digital evidence and eDiscovery law. He is the first Nigerian lawyer to be dual-qualified in Forensic …

The equity market started the week on a losing note as investors recorded losses of N20 billion at the end of the trading session on Monday, July 1, 2024. This comes even as stocks such as ETRANZACT, FIDSON and CORNERSTONE among others depreciated on the trading floor today. After five hours of trading on the capital market, equity capitalization decreased …