News

Naira depreciates, exchanges for N773/$ at I&E window

The naira exchanged for N773.50 to a dollar at the Investors and Exporters window on Monday. The local currency depreciated by 7.08 percent against the N736.62 it exchanged for the dollar last Friday. The open indicative rate closed at N771.49 to the dollar on Monday. A spot exchange rate of N804.15 to the dollar was the highest rate recorded during …

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Suspected armed robbers attack, kill 500 Level ATBU student over phone

For the students community of Abubakar Tafawa Balewa University (ATBU), Saturday, 2nd December 2023 will ever remain a sad memory which will linger following the gruesome murder of one of its students, a 500-level Geology student, Joseph Obiaje Agabaidu, by unknown gunmen. He was said to have been stabbed to death by suspected armed robbers who tried to steal his …

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US oil firm, Barker Hughes, to invest in Nigerian refineries

As the federal government of Nigeria intensifies efforts to end petroleum products importation and release some of the pressure on foreign exchange, American oil firm, Barker Hughes, has expressed interest in investing in refineries in the country. Speaking during a meeting with the Minister for State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, on the sidelines of the 28th United Nations …

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Police arrests fake CP, lawyer in Lagos

Police operatives in Lagos have arrested an impersonator parading himself as a police commissioner in the state. The spokesperson for the state police command, Benjamin Hundeyin, confirmed the arrest while briefing journalists on the command’s recent achievements on Monday. He said operatives also arrested 12 others for various offences in the last two weeks. The spokesman revealed that the operatives …

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Kano govt redeploys permanent secretary over alleged employment racketeering

The Kano State government has approved the immediate redeployment of the Permanent Secretary in the state Civil Service Commission, Mustapha Kabuga, for allegedly printing and signing illegal letters of appointment in the state. The state’s Commissioner for Information, Halilu Dantiye, who disclosed this in a statement on Saturday in Kano said the government has set up a three-man fact-finding committee …

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I dumped my senatorial ambition because 200 APC delegates rejected my offer of N100,000 each For Other Aspirants’ Offer Of N1m Each – Ex-Governor, Ngilari

Former Adamawa Governor, Bala Ngilari, in defence of his integrity amid corruption allegations, said he’d faint if he owned N1 billion. Ngilari, who governed the North Eastern state for a brief period between October 2014 and May 2015, was convicted of corruption and sentenced to prison after leaving office. The former governor made the remarks while appearing as a guest …

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Enyimba win five-goal thriller vs Akwa Utd, Sporting Lagos held goalless

Enyimba, the current champions, upset Akwa United 3-2 in an exciting Nigeria Premier Football League (NPFL) match on Sunday in Aba. Innocent Gabriel gave George Finidi’s team the lead in the 12th minute and three minutes later, Chijioke Mbaoma doubled their lead. With a header late in the first half, Kufre Ebong helped Akwa United come back and cut the …

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NGX: Investors lose N463.6bn amidst 1.24% crash in market cap

The equity capitalization in the Nigerian capital market crashed by 1.24 percent at the close of trading on Monday. This represented a N463.6 billion drop in the value of investments at the capital market from N37.29 trillion to N36.83 trillion after five hours of trading today. Similarly, the All-Share Index dipped by 847.16 basis points to close at 67,296.18, down …

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FEATURE: Kebbi’s flood victims left to pick up the pieces as govt shuns responsibility

Despite warnings from the Nigerian Meteorological Agency (NiMet) and the Nigeria Hydrological Services Agency (NIHSA) about the impending floods, the Kebbi State government failed to take adequate measures to prevent or mitigate the impact of the disaster. This negligence resulted in widespread flooding, which caused significant loss of life, property, and livelihoods. SHEREEFDEEN AHMAD reports. Six months after losing her …

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