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Yield Crashes as Treasury Bills Market Rallies The average yield on Nigerian Treasury bills (NTB) witnessed a strong pullback on Thursday, declining by 169 basis points over sustained buying momentum seen in the secondary market for fixed income securities. A switch to a bullish mood was partly triggered as liquidity pressures in the financial system […]

President Muhammadu Buhari has extended the tenure of the acting Comptroller General of Nigeria Immigration Service (NIS), Isah Idris Jere, till May 29, 2023. Comptroller Tony Akuneme, Public Relations Officer of NIS, disclosed this on Friday. According to him, the development was contained in the letter of extension from Buhari, signed by the Chief of […]

The Police in Anambra State have said that a corps member, Mr Nnamdi Emeh, who was recently declared wanted, stole a whooping N47million from a suspect’s account. Emeh, a serving corps member was working as an IT consultant to Anambra State Police Command, and was attached to the Rapid Response Squad (RRS), Awkuzu. Emeh was […]

The federal government has approved an aircraft in the fleet of the Nigerian Air Force, NAF C-130H, for the evacuation of Nigerians that are currently stranded in Sudan following the political crises raging in the country. A statement jointly signed by the Director Overseeing the Office of the Permanent Secretary, Ministry of Foreign Affairs, Ambassador […]

The Labour Party has tackled President Buhari over his position on the outcome of the February 25 presidential election, claiming that Bola Tinubu of the All Progressives Congress (APC) did not win the election. Buhari was quoted in a statement by his media aide, Garba Shehu, on Thursday as saying that “overconfidence, complacency and bad […]

Nigerian billionaire, Femi Otedola, has divested from indigenous conglomerate, Transcorp Corporation Plc, barely weeks after acquiring substantial shareholding. According to a report by Nairametrics, Otedola exited his 6.62 per cent stake in Transcorp after reaching a deal with the chairman of the conglomerate, Tony Elumelu, following negotiations between both parties. The report said that the […]

The Corps Marshal, Federal Road Safety Corps (FRSC), Dauda Biu, has condemned the attack on FRSC personnel and operational vehicles in Jos, Plateau. A statement by the Corps Public Education Officer, Assistant Corps Marshal, Bisi Kazeem, on Friday in Abuja, said Biu made the remark while reacting to the recent attack on FRSC personnel. He […]

The National Industrial Court sitting in Kano has dismissed a preliminary objection filed by the Kano State Government against an exparte order restraining the state government from appointing any person as substantive Chairman of the state anti-corruption agency. In an earlier ruling of the court in an exparte order that the suspended Chairman of Kano […]

An Adamawa State high court yesterday ordered the Department of State Service (DSS) to release 3 supporters of the Peoples’ Democratic Party (PDP) with immediate effect. The presiding Judge, Hon. Justice Christopher Dominic Mapeo, ordered the DSS to release the applicants unconditionally and that any further detention would be illegal. Justice Dominic, however, adjourned the […]

The Peoples Democratic Party (PDP) has called on the international community to place a visa ban and international sanctions on President Muhammadu Buhari over his comments that the opposition lost the last presidential election because they were over confident. Addressing a press conference at the party headquarters on Friday, Debo Ologunagba, National Publicity Secretary of […]

President Muhammadu Buhari has been urged to step into the crisis brewing at the Nigeria Immigration Service (NIS) following the alleged refusal of the Acting Comptroller of Immigration, Isah Jere Idris, to vacate office. The Executive Director of the Centre for Public Accountability, Olufemu Lawson, made the call during a protest at the NIS headquarter […]

Naira Appreciates Over Steady FX Supply The Nigerian local currency continues to reclaim its previously lost value in the foreign exchange (FX) market amidst steady foreign currencies supply in the market. Analysts said the market witnessed a healthy supply at a level that reduce demand pressures. At the investors and exporters FX window, the exchange […]