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The Naira fell against the US dollar on Friday, August 30, 2024. The local currency was trading at N1,598/$1 on official exchanges according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM). This shows that N1,598/$1 is N5 higher than the N1,593/$1 traded on the official window the previous day. The intraday high and low prices recorded during the …

Gunmen suspected to be Boko Haram insurgents have killed students at Faudiya School in Geidam Local Government Area of ​​Yobe State. Faudiya School belongs to the Islamic Movement in Nigeria (IMN), a Shia sect in Nigeria. According to sources, the attackers invaded Hausari neighborhoods in Geidam Local Government Area at around 3:44 am on Friday, August 30, 2024. A source …

Here are the top 10 stories making headlines across the country. 1. Police summon Ajaero on new charges, and will appear on September 5 The Nigerian Police have invited Nigeria Labour Congress (NLC) President Joe Ajaero for questioning on suspicion of criminal intimidation.Read more 2. Suspected Boko Haram rebels attack Islamic school, killing 3 students in Yobe Gunmen suspected of …

Financial Derivatives Company CEO Bismarck Rewane said on Friday that the $1 trillion economic target set by President Bola Tinubu’s administration will not be achieved in the next five years. The economist stated this while appearing on the Arise TV Morning Show. He said the country’s economy is currently at $384 billion and will need another 200% growth in the …

Manchester City striker Erling Haaland has reportedly splashed out £2.1 million on two private jets. According to the Mirror, filings from his rights company, York Promotions Ltd, show the Norwegian star has entered into a deal to purchase two planes. Statements attached to the annual accounts reveal: “The company has entered into an agreement to acquire a share in two …

Nigeria’s equity market closed on Friday with a gain of N98 billion for investors. This follows the growth in share prices of stocks such as Julius Berger, Deapcap and Oando among others on the trading floor. After five hours of trading in the capital market, equity capitalization jumped to N55.4 trillion from N55.3 trillion recorded by the bourse on Thursday. …

The Police Service Commission (PSC) has promoted the Lagos State Commissioner of Police, Fayoade Adegoke, and seven others to the next rank of Assistant Inspector General of Police (AIG). PSC Head of Press and Public Relations, Ikechukwu Ani, confirmed the development in a statement on Friday in Abuja. Others promoted are CP, Federal Capital Territory (FCT) Benneth Igwe, Acting Assistant …

AbdulSamad Rabiu, the multi-billionaire chairman of BUA Cement, said his company’s intention to sell cement at N3,500 in 2023 was frustrated by the actions of cement dealers. Rabiu said BUA sold over one million tonnes of cement to dealers at N3,500 a bag, with the intention that Nigerians would buy cement at an affordable price, but instead, traders and wholesalers …

Less than four days after Bruno Labbadia was announced as the new coach of Nigeria’s Super Eagles, the German has resigned. Labbadia, who was due to lead the Nigerian national team into their next matches against Benin Republic and Rwanda in the coming days, has now turned down the chance to coach the team. Ripples Nigeria had reported on Tuesday, …

The Kano state government has postponed general elections in 44 local government areas in the state for four weeks. The chairman of the state Independent National Electoral Commission (KANSIEC), Prof. Sani Malumfashi, who spoke to journalists on Friday in Kano, said the election would now take place on October 26. The previous vote was scheduled for November 30. READ ALSO: …