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US Dollar Rises Amidst Debt Ceiling Standoff The United States (U.S.) dollar recorded gains against the euro on Friday and was headed for its biggest weekly gain since February, as uncertainty around the U.S. debt ceiling and monetary policy prompted a shift to safe havens. Analysts said the greenback may be benefiting as debt ceiling […]

President-elect, Bola Tinubu’s spokesman in the south east, Dr. Josef Onoh, has charged the Department for State Security (DSS) to ensure Governor of Central Bank of Nigeria, (CBN) Dr. Godwin Emefiele does not leave Nigeria for any study leave abroad. Allegation of Emefiele’s planned study leave abroad surfaced over the weekend with many believing the […]

*He Attempted To Kill Me And My Family, Alleges Musician *I’ve Slapped Many Policemen, Seun Kuti Boasts Human Rights Lawyer, Femi Falana, SAN, said on Sunday that Afrobeat musician, Seun Kuti, had sought his legal services following the singer’s assault on a police officer. Falana, who confirmed the development to our correspondent, also noted that […]

Justice Ismail Ijelu of the Lagos State High Court sitting in Ikeja has remanded a Bureau-De-Change (BDC) operator, Muhammed Usman, at the Kirikiri Centre of the Nigerian Correctional Centre over an alleged N250 million fraud. Justice Ijelu ordered that Usman be kept behind bars after he was arraigned before him alongside his company, Masha Allah […]

Editors Note; Originally published in Business day, written by Nosa Igbinadolor Nigeria’s president, Muhammadu Buhari began his tenure with a London medical trip to treat an ear infection. He is ending the tenure with a London trip to treat teeth problem. Buhari came into office in May 2015 a sick man who hid the reality […]

The Nigerian Electricity Regulatory Commission ( NERC ) has stopped electricity Distribution Companies (DisCos ) from billing any customer already disconnected for non-payment. It is prevalent in the Nigerian Electricity Supply Industry (NESI ) for DisCos to keep billing customers they have disconnected from supply due to non-payment. This act has culminated in protests and […]

Police in Ogun State have arrested four staff of ZEFA Microfinance Bank at Abule Ijoko Lemode area of Ifo Local Government over the death of a 50 -year-old Vivian Omo, wife of the bank’s debtor. They allegedly shoved the woman while trying to resist them from packing their household belongings before she fell and became […]

The Service Compact with all Nigerians (SERVICOM) says its recent evaluation showed that the Corporate Affairs Commission (CAC) among other agencies of government has improved in the quality of service delivery to Nigerians. Mrs. Nnenna Akajemeli, National Coordinator SERVICOM, stated this over the weekend while presenting the SERVICOM Compliance Evaluating (SCE) reports of selected states […]

Solomon Arase, chairperson of the Police Service Commission (PSC), says Seun Kuti, the Afrobeat singer, must be prosecuted over an assault on a police officer in Lagos state. On Saturday, a now-viral footage surfaced on social media showing Kuti slapping a uniformed policeman. In the video, Kuti can be seen charging at the officer on […]

Mallam Hamzat Lawal, activist and Chief Executive Officer of Connected Development (CODE), has said Nigeria spends over N50 billion daily subsidizing the rich. Speaking on Hard Copy, an interview programme on Channels Television, Mallam Lawal noted that the continued payment of fuel subsidies by the Nigerian government is unacceptable. He said: ”We are subsidizing the […]

The Federal Government says it spends N1 million annually to cater for each of the inmates at the custodial facilities in the country. Sola Fasure, the Media Adviser to the Minister of Interior, Rauf Aregbesola, made this known in a statement on Saturday in Abuja. According to the statement, the minister said this while inaugurating […]

Nigerian Exchange Ends Positive as Stocks Rally The Nigerian Exchange (NGX) closed on a bullish note due to fresh barging hunting seen in the local bourse. According to market data, trading activities improved after selloffs plunged the banking and consumer goods indices.  Bullish activities lifted year-to-date return to 1.88% as the equities market capitalisation appreciated […]