admin

Naira Rebounds Amid Decline in Oil Export Plan Naira appreciated at the Investors’ and Exporters’ foreign exchange window on Wednesday, trading at N463.33 per United States dollar amidst forex scarcity in the local economy. The local currency continues to face pressures from increased demand and lower forex supply. Oil receipt has been unstable and portfolio […]

How Nigeria’s Key Economic Sectors Perform Nigeria’s economic growth slowdown to 2.31% in the first quarter of 2023 following failed naira redesign policy implementation, election, and global uncertainties. In 2022, gross domestic product was up 3.1% against 3.4% in 2021. Overall, Nigeria’s gross domestic product is estimated at about $450 billion in 2022 – remember […]Read More

No Further Extension after Direct Entry Registration Deadline — JAMB The Joint Admissions and Matriculation Board (JAMB) says there will be no going back on the new deadline for the current registration of candidates for the Direct Entry examination. The Head, Information and Protocol of the board, Dr Fabian Benjamin, disclosed this in an interview […]

NDLEA Destroys 23,721.7948Kg of Illicit Drugs in Enugu The National Drug Law Enforcement Agency (NDLEA) on Wednesday destroyed 23,721.7948 kilogrammes of illicit drugs it seized between 2008 and 2022 in Enugu State. Setting the drugs ablaze, Chairman/Chief Executive Officer, NDLEA, Retired Brig.-Gen. Mohammed Marwa, gave the breakdown as follow: Cocaine 21.699kg, Heroin 14.828kg, Amphetamine 0.0618kg, […]Read More

Nigerians Can Obtain NIN Debit Card from Banks -FG The Federal Government says Nigerians can now request their commercial banks to issue them with a debit card which doubles as their National Identity Card at no extra cost. Minister of Communications and Digital Economy, Prof Isa Pantami, who disclosed this on Wednesday in Abuja, said […]

Nigeria Approves Economic Empowerment Policy for Women The Federal Executive Council (FEC) has approved an empowerment policy for women in the country. Minister of Women Affairs, Mrs Pauline Tallen, who disclosed this to State House correspondents, on Wednesday in Abuja, expressed the hope that the new policy, called WEE, would help bring about optimal development […]

Access Holdings Shareholders Approve N46.21bn Final Dividend Access Holdings Plc shareholders have approved a final dividend of N46.21 billion declared by the company for the financial year 2022. The shareholders gave the approval at the company’s first Annual General Meeting (AGM) since its transition into a Holdings Company on Wednesday in Lagos. The dividend translated […]

FG Spends N14.6bn on NG-CARES in Six Northern States National Coordinator, Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES), Mr Abdulkarim Obaje, says the Federal Government spent N14.6 billion in the programme on 160,572 beneficiaries in six northern states. Speaking in Bauchi on Wednesday at the end of a ministerial town hall meeting, Obaje said […]

Nigerian Bourse Sustains Uptrend Despite Rate Hike The equities market booms over solid buying momentum as monetary authority pushed the benchmark interest rate by 50 basis points to 18.50% in a bid to fight the country’s inflation rate further. Nigeria’s double-digit inflation rate and a weak local currency have reduced real return on naira assets, […]

Seplat Energy Extends Mobil Producing Nigeria Deal Seplat Energy Plc announced the company has extended its agreement to acquire Mobil Producing Nigeria amidst pending the resolution of legal proceedings and receipt of regulatory approvals, but “remains committed” to completing the acquisition. In a statement submitted to the regulator, the energy company said the agreement had […]

Tina Turner, the exuberant, heel-stomping, wild-haired rock goddess who sold out stadiums, earned a dozen Grammy Awards and won the adoration of fans around the world in an electrifying music career spanning five decades, died Wednesday at her home near Zurich after a long illness, according to her publicist. She was 83. “With her, the […]

A Federal High Court in Awka has issued a bench warrant directed to the Nigeria Police to effect the arrest of Hon Augustine Ike also known as Ikedoji, a House of Assembly Member Elect representing Nnewi North Constituency. Another Onyedika Chukwuma was also found wanting, as the warrant requested for them to be brought before […]