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  • CBN Launches Electronic Foreign Exchange Matching System To Boost Transparency In NFEM

    The Central Bank of Nigeria (CBN) has announced the launch of the Electronic Foreign Exchange Matching System (EFEMS) for all foreign exchange (FX) transactions within the Nigerian Foreign Exchange Market (NFEM). This is in a bid to enhance transparency, governance, and market-driven exchange rate operations. The new system is set to be fully implemented by […]
  • Court Dismisses Suit Seeking Removal Of PDP National Chairman Damagum

    Justice Abdullahi Bawa-Faskari of the Katsina State High Court Wednesday dismissed the suit seeking the removal of Ambassador Umar Iliya Damagum as the National Chairman of the Peoples Democratic Party (PDP). A member of the opposition PDP, Ibrahim Musa, had approached the court, claiming that the replacement of Dr. Iyorchia Ayu with Damagum was against […]
  • Kwankwaso Alleges APC Government ‘Clearly Against The Poor Masses’, Vows Change Is Coming

    The 2023 Presidential Candidate of the New Nigeria People’s Party (NNPP), Senator Rabiu Kwankwaso, on Thursday expressed confidence that Nigerians will vote out the All Progressives Congress (APC)-led government of President Bola Tinubu in 2027. According to Kwankwaso, Nigerians are weary of the current state of affairs under Tinubu’s administration and will not tolerate it […]
  • Sen. Shehu Buba Umar Denies Banditry Sponsorship Claims, Accuses Governor Of Fabrications

    Senator Shehu Umar Buba, representing the Bauchi South Senatorial District and Chairman of the Senate Committee on National Security and Intelligence, has responded to the allegations of sponsorship and support for banditry leveled against him by the Bauchi State Governor, Sen. Bala Mohammed Abdulkadir, stating, “I cannot be intimidated by such allegations.” In his reply […]
  • Naira Rebounds: 0.60% Gain As FX Turnover Surges 147% In Single Day

    The Nigerian naira saw a slight recovery on Thursday, October 3, 2024, as dollar supply in the official market surged significantly. According to data from the FMDQ, based on daily trades on the Nigerian Autonomous Foreign Exchange Market, the naira appreciated by 0.60%, closing at N1,659.26 per US dollar, compared to N1,669.15 on October 2, […]Read More
  • Nigeria’s Situation Worse Now Than In 1984, ASUU President Laments

    Contrary to the renewed hope mantra of the President Bola Ahmed Tinubu led administration, the leadership of Academic Staff Union of Universities (ASUU), has said that Nigeria has been plunged into ‘hopeless state’ as a result of corruption and bad governance. ASUU President, Professor Emmanuel Osodeke, said this on Thursday at the 2024 Edition of […]
  • Israel Declares UN Secretary-General Guterres “Persona Non Grata,” Bars Him From Entering Country

    Israel’s foreign minister has declared United Nations Secretary-General Antonio Guterres “persona non grata” and barred him from entering the country. Israeli Foreign Minister Israel Katz on Wednesday accused Guterres of failing to “unequivocally” condemn Iran’s missile attack on Israel. Israel has persistently complained over the UN’s approach throughout its yearlong war in Gaza. “Anyone who […]
  • Proposed Private Investigation Licensing Bill Halted In Nigerian Senate

    The Senate on Wednesday stood down a bill for an act to prescribe standard and condition of licence for operation and practice of private investigations in the country. The piece of legislation, sponsored by Senator Osita Ngwu (PDP, Enugu West) was rejected by the majority of lawmakers during debate on the floor of the Red […]
  • Court Grants Substituted Service Order In APP Leadership Dispute In Rivers State

    A Federal High Court in Port Harcourt, the state capital, on Wednesday granted an order for substituted service in a case filed by Destiny Omereji and five others against Action People’s Party and 27 others. According to Excel Omeghara, counsel for the plaintiffs, Hart Badom, Destiny Omereji, and four others, the court’s decision was a […]