News

The naira earned N0.46 against the dollar at the official window

Nigeria’s currency, the naira appreciated against the American dollar at the official window on Wednesday. Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,470.62/$1, compared with N1,471.08/$1 traded on Tuesday. This represents an appreciation of N0.46 for the local currency against the American greenback. The naira closed flat against the dollar and traded at …

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Benin and Togo owe Nigeria $8.5 million for electricity supply – NERC

Neighboring West African countries Benin and Togo have failed to pay more than half of what they owe Nigeria for electricity supplied in the second quarter of 2025, the Nigerian Electricity Regulatory Commission (NERC) has revealed. According to the Commission’s Q2 2025 report, six international bilateral customers receiving electricity from Nigeria’s generation companies remitted only $9.01 million out of a …

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Argentina sends Flying Eagles out of 2025 FIFA U20 World Cup:

Six-time champions Argentina knocked Nigeria out of the finals of the ongoing FIFA U20 World Cup in Chile on Wednesday night, winning the round of 16 tie in Santiago 4-0 to avenge the Flying Eagles’ triumph over them at the same stage where Argies hosted the tournament two years ago. Alejo Sarco scored Argentina’s first goal in the second minute, …

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How to accelerate Nigeria’s economic growth – Obasanjo

Former President Olusegun Obasanjo on Wednesday called on government at all levels to mobilize private sector investment to accelerate sustainable economic progress. He made this call at the inauguration of the International Conference Center (ICC) built by the Bauchi State government. The center is named after the first Prime Minister of Northern Nigeria, Sir Ahmadu Bello. Obasanjo emphasized that local …

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DSS denies Barry Donald…

The Department of State Services (DSS) has alerted the public to the activities of one Barry Donald, a dismissed staff member. The DSS in a punished disclaimer @OfficialDSSNG stated that Donald was using the organization’s name for unscrupulous activities. It reads: “He is reportedly engaged in unscrupulous activities, including using the Service’s name to defraud unsuspecting members of the public. …

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The Benue government confirmed 17 LGAs were affected by herdsmen attacks

Executive Secretary of the Benue State Emergency Management Agency (BSEMA), Dr. James Iorpuu, stated on Wednesday that 17 of the 23 local governments in the state were affected by attacks by herdsmen. Iorpuu told journalists in Makurdi that only Ogbadibo, Ohimini, Konshisha, Gboko, Ushongo and one other were not affected. The executive secretary, who is also the Permanent Secretary of …

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The Nigerian government begins the final stages of negotiations with ASUU and other countries

The Federal Government has begun the final stages of negotiations with the Academic Staff Union of Universities (ASUU) and other unions in the country’s higher institutions. This was disclosed by the Minister of Education, Dr Tunji Alausa, on Wednesday in Abuja, during a meeting of the ASUU Technical Working Group on Conditions of Service. He is optimistic that unresolved problems …

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Abuja Giwa lawyer, other accused, reported $30 million bail condition for alleged forgery

Two Abuja-based lawyers, Victor Giwa and Ibitade Bukola, were arraigned on Wednesday before the High Court of the Federal Capital Territory (FCT), Apo Division, on charges of alleged forgery of documents and identity theft. The defendants, accused of three counts bordering on criminal conspiracy to falsify, imitate and fraudulently execute documents, have pleaded not guilty to all charges. According to …

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