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President Bola Tinubu says Nyesom Wike, Minister of the Federal Capital Territory (FCT), has stopped dancing and singing, but he keeps performing. The President said this when he inaugurated the extension of the Inner Southern Expressway (ISEX) and the Outer Southern Expressway (OSEX) to the Southern Parkway, popularly known as Goodluck Ebele Jonathan Expressway, in […]

The Federal Government has maintained that due process will be followed in the financial case brought against Binance. The Minister of Information and National Orientation, Mohammed Idris assured this on Wednesday in a statement. The statement, which was signed by his media aide, Rabiu Ibrahim, said due processes are being applied in all stages of […]

Former Governor of Kaduna State, Nasir El-Rufai, has dismissed as a “politically motivated hatchet job”, the Kaduna State House of Assembly’s adoption of a report of its ad-hoc committee asked to probe his governance of the North-West state from May 2015 to May 2023. In a statement on Wednesday through his spokesman, Muyiwa Adekeye, the […]

*Labour Demands ₦95,000 Minimum Wage; FG, Private Sector Offer ₦60,000 The Tripartite Committee on the new National Minimum Wage adjourned its meeting on Wednesday to allow the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to meet the 48-hour deadline to present the cost implications of the proposed wage increase. A […]

Organizers of 2025 Africa Cup of Nations, AFCON, have announced that the tournament will be delayed by six months, as it clashes with the expanded 32-team Club World Cup. AFCON 2025 to be played in Morocco, was originally scheduled to take place in June, but the Club World Cup is set to be played in […]

Senate on Wednesday, June 5, passed a bill that seeks to prescribe 300 percent in the salaries, allowances, and fringe benefits of judicial office holders in Nigeria. The resolution of the Senate followed its consideration and adoption of the report of the Committee on Judiciary, Human Rights, and Legal Matters at plenary. The report was […]

The director-general of the National Orientation Agency (NOA), Mallam Lanre Issa-Onilu, expressed confidence on Wednesday, June 5, that those who opposed the new national anthem would soon join in singing it. Issa-Onilu also announced that the agency will soon be inviting submissions for the production of the authentic melody for the anthem. He emphasised that […]

The Federal Capital Territory Police Command has found a 28-year-old Abuja-based nurse, Lucy Likeh, who recently went missing in Nigeria’s capital city. Our correspondent learnt that Likeh was found and taken to the hospital for medical examination by men of the Utako Police Division in the FCT, where her family had earlier reported her missing. […]

VFD Group to Raise N30bn, Divests interest in Abbey Mortgage VFD Group has revealed a plan to raise N30 billion from the capital market, subject to its shareholders approval at the annual general meeting. In a regulatory filing, the company notified the Nigerian Exchange that at the meeting of the Board of Directors, members approved […]

Airtel Africa Steadies N8trn despite Unusual Trade Volume Airtel Africa Plc.’s market valuation or capitalisation was unchanged despite large transactions conducted on the telecommunications stock. Its share price remained flat at N2,150. The company share price failed to adjust to 1,128,570 shares of the company that exchanged hands in the stock market on Tuesday. The […]

Interest Rate on 1-Year OMO Bill Drops by 10bps The interest rate offered on one-year open market operations (OMO bills) crashed during the monetary authority’s primary market auction on Monday. With periodic or intermittent rate repricing across tenors, the apex bank has been offering higher rates, particularly on one-year bills. According to auction results, spot […]

Naira Depreciates to N1467.95, Lost 6.4% in May The naira depreciated further on Tuesday over persistent US dollar demand surge by eligible participants at the Nigerian autonomous foreign exchange market. According to data from FMDQ Securities Exchange official daily quotation, the Nigerian local currency depreciated by 0.06% against the US Dollar, closing at a rate […]