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Naira Hits N770.38, Ahead of Parallel Market Rate Arbitrageurs and currency speculators in Nigeria’s forex market may be counting their losses as it becomes cheaper after a long donkey year to buy foreign currency in the open market where the US dollar and other currencies freely trade than at the official window as exchange rates […]

ECOWAS Heads of Immigration to Implement ECOVISA The heads and experts on immigration of the Economic Community of West African States (ECOWAS) are working on the implementation of the ECOVISA, a single visa system similar to the Schengen model. In a statement issued on the website of the ECOWAS Commission, the Directorate of Free Movement […]

Tinubu to Participate in Global Financial Pact in Paris President Bola Tinubu will join world leaders in Paris on Thursday to review and sign a New Global Financial Pact that places vulnerable countries on a priority list. These countries would enjoy support and investment, following the devastating impact of climate change, energy crisis and after […]

Airtel Nigeria Launches 5G in Three States, FCT Airtel Nigeria on Monday inaugurated the Fifth Generation Network (5G) in Lagos, Rivers, Ogun, and the Federal Capital Territory, Abuja. The Chief Commercial Officer, Airtel Nigeria, Mr Femi Oshinlaja, said this during the inauguration of the 5G Network in Lagos. According to him, unlike the 3G and […]

Banks Capital Unaffected by Naira Devaluation –Jibril Aku, Others The capital position of Nigerian deposit money banks and other financial services operators under the Central Bank watch will be unaffected by the decision to float the naira, Jibril Aku, Chairman of Marathon Group told MarketForces Africa. However, the former Ecobank chief swiftly added that any […]

Nigeria’s Foreign Reserves Fall Ahead of Eurobond Payment Sustained intervention in the foreign exchange markets in the immediate past and rising import payments have hit Nigeria’s foreign reserves hard and fast than one would expect for an oil-producing nation.  Ahead of the Eurobond repayment schedule for July 2023, the nation’s foreign reserves recorded a further […]

Ibadan Magistrate court has remanded seven Yoruba agitators who invaded Amuludun station of the Federal Radio Corporation of Nigeria, Moniya in Akinyele local government area at Abolongo Correction Centre, Oyo. The suspects who are arraigned on a 4 count charge of Conspiracy, treason and two count charge of armed robbery are, Noah Atoyebi, Adeleke Gbenga […]

Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on June 19, 2023, adjourned till June 23, 2023 further hearing in the trial of one Alhaji Usman Abubakar over an alleged N950m fraud. Abubakar, alongside Young Alhaji Foundation, is being prosecuted by the Economic and Financial Crimes Commission, EFCC, on a five-count […]

*Names Ex-Aide Egbetokun Police Inspector-General President Bola Tinubu has approved the immediate retirement of all service chiefs and the inspector-general of police. The president also approved the replacement of the comptroller-general of customs. According to a statement signed by George Akume, secretary-general of the federation, their retirement is with immediate effect. See statement below: OFFICE […]

*INEC Still Withholding Vital Documents, Obi Tells Court Labour Party (LP) and its presidential candidate in the February 25 general elections, Peter Obi on Monday, accused the Independent National Electoral Commission (INEC) of refusing to give them the documents they need to prove their joint petition challenging the declaration of Bola Tinubu as winner of […]

Three Presiding Officers of the Independent National Electoral Commission, INEC, on Monday, testified as witnesses in the case a former Vice President and candidate of the Peoples Democratic Party, PDP, Alhaji Atiku Abubakar, filed to nullify President Bola Tinubu’s election. The trio, who took turns to mount the box owing to witness summons that was […]

Nigerian business tycoon, Aliko Dangote and Co-Chair of the Bill and Melinda Gates Foundation, Bill Gates have congratulated President Bola Tinubu on the removal of fuel subsidy and other recent strides achieved by the new administration. Dangote made this known in a chat with State House correspondents after the duo met with the President in […]