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NEWS

LG poll: Kaduna electoral commission releases screening timetable

The Kaduna State Independent Electoral Commission has presented a timetable for the screening exercise for councillors and chairmanship candidates ahead of the local government election slated for October 19, 2024. This is contained in a timetable signed by Mrs Hajara Mohammed, Chairman of the Commission, issued in Kaduna on Friday. […]

todaySeptember 6, 2024 4

POLITICS

Trump’s hush money trial begins in New York

Donald Trump goes to court Monday as the first US ex-president ever to be criminally prosecuted, a seismic moment for the United States as the presumptive Republican nominee campaigns to re-take the White House.The scandal-plagued 77-year-old is accused of falsifying business records in a scheme to cover up an alleged sexual encounter with adult film actress Stormy Daniels to shield his 2016 election campaign from adverse publicity. The so-called hush […]

todayApril 15, 2024 9

SPORTS

Super Falcons break 16-year ill luck, to qualify for 2024 Olympics in Paris

By Toffa Momoh The Super Falcons of Nigeria have broken a 16-year-old jinx as they qualified for this year’s Olympics Women football after holding the Banyana Banyana of South Africa to a goalless draw in Pretoria. Eagles FM reports that the Super Falcons played a draw with the Banyana Banyana of South Africa in the second leg fixture of the Olympics qualifiers on Tuesday. The game played at the Loftus […]

todayApril 10, 2024 27 1 2

NEWS

External reserves drop by $950m in 17 days — CBN report

Nigeria’s foreign exchange reserves have taken a significant hit, dropping by approximately $1.02bn within 18 days as the Central Bank of Nigeria steps up efforts aimed at defending the naira. On March 18, 2024, the FX reserves stood at $34.45bn, but by April 3, it had dropped to $33.50bn, based on the latest data from the CBN. Before the current decline, the reserve had been steadily growing, witnessing a remarkable 43-day surge between February 5 and March 18, 2024, during […]

todayApril 8, 2024 29

BUSINESS

BDC operators ask CBN to lower exchange rate

The Association of Bureaux De Change Operators of Nigeria has appealed to the  Central Bank of Nigeria to adjust and lower its applicable exchange rate below the N1,251/$ it pegged for its members. ABCON National President, Aminu Gwadabe, stated this in a letter to the CBN Director, Trade & Exchange Department. The appeal comes when the parallel market rate of 1,235/$ is lower than the BDCs’ applicable buying exchange rate […]

todayApril 8, 2024 21

NEWS

Forced friendship: Wike, Fubara square up again as Villa’s peace deal crumbles

IT is no longer news that the peace pact between the Rivers State Governor, Siminalayi Fubara, and his predecessor and estranged political godfather, Nyesom Wike, has collapsed, following the intervention in October 2023 by President Bola Tinubu, in the wake of the escalating political crisis in the crude oil and gas-rich state. The Minister of the Federal Capital Territory, Nyesom Wike, during a media chat in Abuja on Tuesday, April […]

todayApril 8, 2024 16

NEWS

NiMet predicts three-day sunshine, thunderstorms from Monday

The Nigerian Meteorological Agency has predicted sunshine and thunderstorms from Monday to Wednesday. NiMet’s weather outlook released on Sunday in Abuja, forecast sunny and hazy atmosphere over parts of Yobe and Borno states on Monday, with chances of thunderstorms over part of Kebbi. According to NiMet, the remaining parts of the North should be sunny with patches of cloud during the morning periods. “Later in the day, isolated thunderstorms are […]

todayApril 8, 2024 24

SPORTS

EPL: Alex Iwobi breaks Mikel Obi’s record

Fulham’s Alex Iwobi has surpassed John Mikel Obi’s record for the most minutes played by a Nigerian in the English Premier League. In Fulham’s recent 1-0 home defeat to Newcastle United, Iwobi played the entire 90 minutes, taking his Premier League minutes tally to an impressive 16,289. This remarkable feat eclipses the previous record of 16,218 minutes held by former Chelsea stalwart John Mikel Obi. Iwobi’s journey in the Premier League began […]

todayApril 8, 2024 15

NEWS

Kano govt charges Ganduje, wife with $413,000, N1.38bn bribery

The Kano State Government has filed criminal charges against the immediate past governor, Abdullahi Ganduje, over alleged $413,000, N1.38bn bribery. The state said it had assembled 15 witnesses to testify against Ganduje. Joined as co-defendants in the charge sheet dated April 3, 2024, sighted by our correspondent on Thursday, were Ganduje’s wife Hafsat, and his son, Umar. Also listed as defendants were Jibrilla Muhammad, Lamash Properties Ltd,  Safari Textiles Ltd […]

todayApril 5, 2024 6

NEWS

12 states plan power projects, anger spreads over tariff hike

Lagos, Kano, and 10 other states have concluded plans to start generating power in their respective states in conformity with the Electricity Act 2023. it was gathered on Thursday that some of these states had established their electricity market laws and were waiting for the approval of the Nigerian Electricity Regulatory Commission to have independent regulatory bodies different from the NERC owned by the Federal Government. As the states stepped […]

todayApril 5, 2024 23

BUSINESS

Naira crash pushes raw material imports to N3tn – NBS report

Imports of raw materials into the country rose by 25 per cent to N3tn in 2023. This is according to the Foreign Trade Statistics data published by the National Bureau of Statistics. The major raw materials imported during the period included cane sugar, other lubricating oils meant to be mixed further, preparations of milk containing vegetable fats and oils, mixtures of odoriferous substances, sheets for veneering, among others. Conversely, Nigeria […]

todayApril 5, 2024 5

NEWS

Impeachment: Shaibu gets final chance to open defence

The Deputy Governor of Edo State, Philip Shaibu, on Thursday, failed to show up to open his defence before the seven-man panel probing allegations of perjury and leaking the government’s secrets against him. The retired Justice S. A. Omonuwa-led panel, which had its inaugural sitting on Wednesday in Benin, had adjourned till Thursday for Shaibu to open his defence. The Edo State House of Assembly, which is the petitioner in […]

todayApril 5, 2024 9

NEWS

141 terror cases, 214 kidnappings recorded in eight weeks – IG

The Inspector-General of Police, Olukayode Egbetokun, on Thursday, said 141 terror cases, 214 kidnappings and 537 homicide cases were reported to the police in the last eight weeks. Egbetokun added that 3,685 suspects were apprehended for their participation in various crimes, while 401 kidnap victims were rescued. Egbetokun said this while fielding questions from journalists at the Nigeria Police Force Headquarters, Louis Edet House, Abuja. He said, “I am pleased […]

todayApril 5, 2024 9

NEWS

BREAKING: Gunmen invade Kogi community, many feared dead

Some hoodlums on Friday invaded Agojeju-Odo, a community in Omala Local Government Area of Kogi State. The gun-wielding men were said to have shot community members and burnt houses, Daily Post reports. However, in a telephone interview with the state Police Public Relations Officer, SP William Aya, he confirmed the attack to our correspondent, adding that the state Commissioner of Police, Bethrand Onuoha, has deployed tactical teams to the area. […]

todayApril 5, 2024 7

BUSINESS

Naira sells below 1,280/$ at official, parallel markets

The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase of N30.81 at the close of trading activity. According to data from FMDQ Securities, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market closing below the N1,300 ceiling marks the first instance since January 26 of this year. […]

todayApril 3, 2024 6 2

BUSINESS

Diesel price drops as Dangote sells N1,225/litre, supplies petrol May

• Dealers get one million litres each at N1,225/litre, price drops in Oyo, Lagos, Ogun The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a few weeks ago, to around N1,350/litre in some locations across the country following the sale of the commodity by the Dangote Petroleum Refinery. It was gathered on Tuesday that the $20bn worth refinery started pumping […]

todayApril 3, 2024 10

BUSINESS

Top 10 richest women in the world 2024

For the fourth consecutive year, Françoise Bettencourt Meyers, heiress to the L’Oréal fortune, holds the title of the world’s richest woman in 2024. Meyers experienced a significant increase in her fortune over the past 12 months, with her net worth climbing to $99.5 billion, marking the largest gain among women on the 2024 list. However, she falls short of joining the esteemed $100 billion club. This year’s Forbes’ World Billionaires […]

todayApril 3, 2024 21

NEWS

Borno police arrest eight over UNIMAID lecturer’s murder

The Borno State Police Command has confirmed the arrest of eight suspects in connection to the alleged murder of a Lecturer at the Department of Physical Health Education at the University of Maiduguri, Dr Kamar Abdulkadir. Abdulkadir was murdered in his office on campus on Sunday. The victim was found on Monday with several injuries inflicted on his body by his killer.  The command’s Police Public Relations Officer, Nahun Daso, […]

todayApril 3, 2024 9

POLITICS

Anambra police raid insurgents’ hideouts, recover ammunition

The Anambra State Police Command said its Joint Security Force had intensified the manhunt for insurgents who attacked two police stations in the state recently. Some yet-to-be-identified assailants had last Thursday set ablaze the Police Divisional Headquarters in Nneni, Anaocha Local Government Area of state. It was gathered that the hoodlums invaded the facility in the early hours and threw explosive devices that burnt parts of the building. One of the residents […]

todayApril 3, 2024 3

POLITICS

Naira undervalued by 30% – Renaissance Capital

Renaissance Capital Africa report suggests that 2024 has a positive outlook for Nigeria with a strengthening currency and a rise in oil prices. Its latest report on economy review says that at the March 28 level of N1,303/$, the Nigerian naira is still largely undervalued to its long-term average, to the tune of 30 per cent. The research firm also stated that the capital market is setting for a good […]

todayApril 3, 2024 14

BUSINESS

Dangote, Adenuga, Abdulsamad, Otedola make Forbes list with $26bn

Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024. This comes as the combined wealth of Nigeria’s top three richest businessmen dropped slightly by 11.23 per cent to $25.3bn, according to the Forbes Real-Time Billionaires released on Tuesday. The three Nigerians are the President/Chief Executive of the Dangote Group, Aliko Dangote; BUA Group Chairman, Abdul Samad Rabiu, and […]

todayApril 3, 2024 8

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