News

Following the massive gain of N234 recorded by the naira against the dollar on Monday, the Nigerian currency, Tuesday, December 12, 2023, slumped marginally against the American greenback. The Nigerian currency traded at N865.03/$1 at the close of business on Tuesday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window where forex is officially traded, showed. This represents a …

The Defence Headquarters claimed on Friday troops operating in various theatre commands across the country killed 37 suspected terrorists and arrested 124 others in one week. The Director of Defence Media Operations, Maj.-Gen. Edward Buba, who disclosed this in a statement on Friday in Abuja, said 53 hostages were rescued by troops during the period. Buba added that those apprehended …

Manchester City have emerged winners of the UEFA Super Cup after beating Sevilla on penalties on Wednesday night. City, who won the Champions League, the Premier League and the FA Cup last season, successfully added to the treble with a 5-4 shootout win. The Pep Guardiola team had lost the Community Shield to Arsenal in a shootout a fortnight ago, …

The Transmission Company of Nigeria (TCN) says it lost two transformers valued at $4 million to a fire outbreak in Birnin Kebbi, the Kebbi State capital. It was gathered that one 90MVA (330KV/132KV) and 60MVA (132KV/33KV) transformers were gutted by fire during the incident which occurred on Thursday night. Addressing newsmen in Birnin Kebbi after inspecting the damaged facilities on …

Three Nigerian boxers have booked their spots at the 2024 Paris Olympic Games after winning their bouts in the final of the Africa Olympic Boxing qualifiers in Dakar, Senegal on Friday. Nine boxers travelled to Dakar to represent Nigeria at the qualifiers, eight advanced to the quarter-finals, and six made it to the semi-final of the competition while three qualified …

President Bola Tinubu will hold bilateral meetings with the United States President, Joe Biden, his European Commission counterpart, Ursula von der Leyen, and other world leaders at the 78th United Nations General Assembly (UNGA) in New York. The Special Adviser on Media and Publicity to the President, Ajuri Ngelale, disclosed this in a statement on Friday in Abuja. President Tinubu …

President Bola Tinubu will swear in the new ministers on Monday in Abuja. The Director of Information in the Office of the Secretary to the Government of the Federation (SGF), William Bassey, who disclosed this in a statement on Wednesday night in Abuja, said the ceremony would take place in the conference room of the State House, Abuja, at 10:00 …

President Bola Tinubu on Wednesday assured investors of a sustainable and friendly environment for growth in the country. The president, according to a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, gave the assurance when the Managing Director of Energy and Natural Resources in Europe, Africa, and the Middle East for Standard Chartered Bank, Mr. Ade …

The Abia State Governor, Alex Otti, on Tuesday, presented the 2024 budget estimate of N567.2 billion to the state House of Assembly for approval. In his address at the forum, the governor said the appropriation bill, christened: “Budget of New Beginning,” was over N400 billion higher than the 2023 budget estimate of N160.5 billion. He said 84 percent of the …

The Development Bank of Nigeria (DBN) has again emerged as the highest-ranked public institution in Nigeria in the 2023 Transparency and Integrity Index (TII). The TII index recently released by the Center for Fiscal Transparency and Integrity Watch is a collaboration between the Centre for Fiscal Transparency and Integrity Watch (CeFTIW) and the Bureau for Public Sector Reform, with support …