admin

Naira: Tinubu’s Rates Convergence Talk Upsets FX Markets -Analysts Traded at a historic low, the Nigerian naira lost N7.83 on each US dollar transaction conducted at the Investors and exporters window at a time when market players expect the foreign exchange (forex) convergence process to kickstart. In the coming week, analysts expect the exchange rate […]

NGX Gains N60bn as Alpha Seekers Position in Airtel The equities segment of the Nigerian Exchange (NGX) popped higher by more than N60 billion despite a bearish trading record spanning four days in the just concluded week. In the market, selloffs dominated 4 out of the 5 trading sessions, according to trading data. However, investors’ […]

The Nigeria Deposit Insurance Corporation’s (NDIC) new board chairman, Abdulhakeem Abdullateef, has requested that President Bola Tinubu look into the passing of the NDIC Act, 2023. On May 26, Former President Muhammadu Buhari signed the NDIC (repeal and reenactment) bill of 2023 into law. The new act repeals the NDIC Act, 2006 and makes the […]

Mr. Phrank Shaibu, Special Assistant on Public Communication to the Presidential candidate of the People’s Democratic Party in the 2023 elections, has described President Bola Tinubu’s Democracy Day broadcast as a veiled threat to Nigeria’s judiciary, which is in the process of determining the credibility of his election. Tinubu, had, in his Democracy Day broadcast […]

The Nigerian National Petroleum Company Limited has issued a fresh circular to oil marketers on how much they will pay to get petroleum products. This came about two weeks after the Federal Government announced the removal of fuel subsidy. NNPCL Retail, in a circular released on Sunday, directed marketers to consider merging their old orders […]

By Reuben Abati “How was your Democracy Day?” “I woke up early, listened to President Bola Tinubu’s nationwide address, and I went about my daily affairs.” “Yesterday was a public holiday. You were expected to stay at home and have a good rest.” “I can understand if some people enjoyed the holiday, after all it […]

The Osun State Government yesterday alleged that it was a false alarm raised by an agent of the All Progressives Congress (APC), Mr. Yomi Aliu, “who was said to have turned himself into an unsolicited trumpet and a puppet of the state Chief Judge.” In a statement signed and issued by Mallam Olawale Rasheed, spokesperson […]

The Nigerian National Petroleum Company Limited (NNPC) has said there was a mistake in the announcement of its Group Chief Executive Officer, Mallam Mele Kyari, that the company made N687 trillion in 2021 as opposed to N674 billion, which is the actual figure. A statement in Abuja by the Chief Corporate Communications Officer, NNPC Ltd., […]

The Awomolo Family of Ilesa in Osun State, has announced the peaceful passing of their revered patriarch, Pa Folorunso Awomolo, at the age of 91. The prominent legal figure breathed his last on Saturday, June 10, 2023, at his residence on Imo Hill in Ilesa, Osun State. In a statement issued by the family on […]

*Says His Support For Akpabio Taken Out Of Context Vice-President Kashim Shettima says he did not in any way disparage the Northern Muslims over the battle for the leadership of the 10th National Assembly. Shettima said this as he condemned some organisations that misinterpreted his disposition while establishing that the Senate President seat should be […]

The United States Embassy in Nigeria has debunked the report that one of its officials was shot. It also debunked the report that security around of the Embassy in Abuja had been beefed up as a result of the “false” attack. A newspaper, not TheNigerialawyer, had reported that security around the United States Embassy in […]

The Independent Corrupt Practices and Other Related Offences Commission has held the bid opening exercise for the 2023 planned disposal of assets forfeited to the Federal Government. Its Spokesperson, Mrs Azuka Ogugua, said this in a statement on Monday in Abuja. She quoted the ICPC Chairman, Prof. Bolaji Owasanoye, SAN, as promising in his opening […]