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Nigeria’s currency, the naira, recovered against the American dollar at the official window on Tuesday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,401.40/$1, compared with N1,405.62/$1 on Monday. This represents a loss of N5.81 for the local currency against the dollar. On the black market, the naira lost N10 against the dollar, …

The Federal Government, in collaboration with the World Bank, has inaugurated the $500 million Sustainable Power and Irrigation for Nigeria (SPIN) project across the country. Minister of Water Resources and Sanitation Prof. Joseph Utsev on Tuesday said SPIN will strengthen dam safety, improve irrigation and hydropower, and support food security, economic growth and environmental sustainability nationwide. He added that the …

The Joint Action Congress (JAC), Olusegun Agagu University of Science and Technology (OAUSTECH), Okitipupa in Ondo State, has embarked on a seven-day protest over alleged injustice committed by the governing board of the institution. JAC includes the Senior Staff Association of Nigerian Universities (SSANU); Non-Academic Staff Union (NASU); and the National Association for Academic Technology (NAAT). Protesters gathered in large …

Galatasaray president Dursan Ozbek has revealed that the Turkish champions have paid 75 million euros for the transfer of Victor Osimhen. “We have already paid the full amount of Osimhen’s transfer,” Ozbek told the media. Galatasaray agreed with Napoli to pay the record transfer fee in installments when they signed him permanently last summer. Since top Turkish clubs are famous …

President Bola Tinubu has written to the Senate to screen and confirm Mr Taiwo Oyedele as Minister of State for Finance, replacing Dr Doris Uzoka-Anite. The president also urged the upper house to confirm Magnus Abe, a former senator representing Rivers South East district, as chairman of the Nigerian Upstream Petroleum Regulatory Commission following the resignation of Gbenga Komolafe. Tinubu …

Sri Lanka have appointed former South Africa opener Gary Kirsten as their new coach. Kirsten will take up the role on April 15 after signing a two-year deal that will see him manage the country at next year’s 50-over World Cup which will be co-hosted by South Africa, Zimbabwe and Namibia. The 58-year-old coached India to World Cup victory in …

Former Senate President, Bukola Saraki, has called on leaders and stakeholders of the Peoples Democratic Party (PDP) to stop the spate of lawsuits arising from the dispute over the party’s national convention and instead work towards holding a new convention that complies with election regulations. Saraki made the appeal on Tuesday via a statement posted on Facebook and signed by …

The National Sports Commission (NSC) has hailed the success of the recently held National Open Boxing Trials in Lagos, describing the event as an important step towards strengthening Nigeria’s preparations for upcoming international competitions. The trials, organized by the Nigeria Boxing Federation (NBF), as part of National Boxing Week, attracted a large number of elite fighters, including boxers from across …

The trial of Lagos-based businessman, Fred Ajudua, over an alleged $1.043 million fraud was on Monday postponed indefinitely by the Lagos State Special Offenses Court sitting in Ikeja. Judge Mojisola Dada ordered the postponement indefinitely after rejecting a motion filed by the defense during the trial. Ajudua is facing charges for allegedly defrauding a Palestinian businessman, Zad Abu Zalaf, of …

President Lee South Korea opposes moving U.S. air defense assets out of the country but is not in a position to make demands, President Lee Jae Myung said on Tuesday. Lee informed the Cabinet that “USFK may send some air defense systems overseas in accordance with its own military needs. Although we have expressed opposition, the reality is that we …