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The Chief of the Air Staff (CAS), Air Vice Marshal (AVM) Hassan Abubakar, has authorized the reassignment of 98 officers of air rank following the recent change of command in the Nigerian Air Force (NAF). Prominent among the new appointees are Branch Chiefs, Air Officers Commanding (AOCs), Commandants of Tri-Service Establishments, and NAF institutions. The […]

Governor Abba Kabir Yusuf of Kano State has ordered the Accountant General of the State to stop the salaries of 10,800 workers employed by his predecessor, Abdullahi Umar Ganduje. Recall that Governor Yusuf said that his government will not relent in taking drastic measures aimed at bringing sanity to the state. The new administration had […]

The Federal Government has declared Wednesday, June 28 and Thursday, June 29, 2023 as Eid-El-Kabir holidays. This was contained in a statement by a Permanent Secretary in the Ministry of Interior, Oluwatoyin Akinlade. “The Federal Government has declared Wednesday June 28th and Thursday June 29th 2023 Public Holidays in commemoration of this year’s Eid-el-Kabir celebration […]

Nigerian Exchange Gains N1.8trn as 62 Tickers Rally The equities market delivered a juicy weekly gain again as sixty-two (62) listed companies’ shares made positive movement in the local bourse.  On weekly comparison, market data showed the equities capitalisation inched higher by N1.8 trillion as investors bet large on improved sentiment.  The NGX All-Share Index […]

CBN, Bill Gates to Collaborate on Financial Inclusion The Central Bank of Nigeria (CBN), and the Bill and Melinda Gates Foundation (BMGF) have finalised arrangements for collaboration on financial inclusion. According to a statement from the apex bank, the two groups recently held strategic discussions on how to deepen collaboration on financial inclusion in Nigeria. […]

Price of Cooking Gas Declines in May, Says NBS The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas reduced from N4,642.27 recorded in April 2023 to N4,360.69 in May 2023. The statistics office revealed this in its “Cooking Gas Price Watch’’ for May 2023 posted on its website. The […]

Nigeria’s Debt Jumps by N3.6trn to N49.85trn in 3-Month Nigeria’s total public debt stock has surged to N49.853 trillion or 108.30 billion dollars, the Debt Management Office (DMO) said in a report, more than N3 trillion from December 2022 record. The DMO said in the report posted on its official website that the total debt […]Read More

It is certainly a tough time for parallel market dealers now groaning over the Central Bank of Nigeria (CBN)’s decision to abolish segments of the official FX market to the Investors and Exporters’ (I&E) window, where the “willing buyer and willing seller” was re-introduced. The development, according to parallel market dealers who spoke to Daily […]

The founder of a faith-based organisation, Apostle Chibuzor Chinyere, has denied demanding rent from late Deborah Emmanuel’s parents in the estate he gifted the family near Port Harcourt. Recall that in May 2022, Deborah Emmanuel (not Deborah Samuel), a 200-level student at Shehu Shahari College of Education in Soloto State, was brutally killed by her […]

THE Lagos State Deputy Governor, Obafemi Hamzat, has refuted an allegation that he once renounced his Nigerian citizenship. The controversy arose when a United States immigration lawyer, Olubusayo Fasidi, informed the Lagos Governorship Election Petitions Tribunal that Hamzat had taken an oath of allegiance in the US renouncing his Nigerian citizenship. Fasidi had appeared as […]

Electricity Distribution Companies have stated that tariff will increase from July 1, 2023. In statements sent to respective consumers on Sunday night, the DisCos stated that the review was due to the fluctuation of the Naira in the exchange rate market. This statements which were worded in similar fashion included that of Abuja DisCo, Eko […]

*Says Nigeria offers better opportunity for self development Ado-Ekiti—The founder of the Afe Babalola University Ado Ekiti (ABUAD), Aare Afe Babalola SAN, has advised professionals migrating abroad for greener pastures, to reconsider, saying Nigeria offers better opportunities for self actualization and development. The legal luminary stated that if he had stayed back in England and […]