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Foreign Investors Transactions Rise to $90.83m in April The total transactions by foreign investors on the Nigerian Exchange Ltd. (NGX) increased by 28.19 per cent between March and April. The NGX revealed this in its Domestic and Foreign Portfolio Investment Report, made available to the newsmen in Lagos. On a monthly basis, the Exchange polls […]

Naira Steadies at Official Window, Parallel Market Gains The Nigerian naira exchange rate steadied at N1339 per US dollar in the foreign exchange market on Tuesday, according to data from the FMDQ exchange platform. Pressure on the naira has reduced compared to the recent past. At the time of filing the report, the Apex Bank […]

The Presidency on Tuesday ruled out the possibility of President Bola Tinubu delivering an address at the joint sitting of the National Assembly to commemorate 25 years of nation’s democratic rule scheduled for Wednesday in Abuja. In a statement issued by presidential spokesperson, Ajuri Ngelale, the Presidency stated that office of the President was never […]

The Minister of Works, David Umahi has refuted media reports that he walked out on pressmen during a meeting at the ministry’s conference room on Tuesday in Abuja. The minister was reported to have abruptly exited the conference room where the correspondents who had waited for over 50 minutes were gathered, asserting that the press […]

A Federal High Court in Abuja has remanded Mrs Chioma Egodi in the Nigerian Correctional Centre in Suleja over the criminal defamation charges against her. Justice Peter Lifu on Tuesday remanded Egodi after she pleaded not guilty to the two-count charges brought under the Cybercrime Act of 2015. The judge fixed Friday for ruling on […]

Inspector – General of Police Kayode Egbetokun has approved the posting of two senior officers to strategic positions within the Police Force as part of ongoing efforts to bolster the efficiency of the Force and multinational approach to tackling crimes. AIG Yetunde Longe has been appointed as the Force Secretary. In this capacity, AIG Longe […]

The Nigeria Customs Service has condemned the actions of its officers involved in a confrontation with Vehicle Inspection Officers at the AYA Roundabout, Abuja VIO Office on Friday, May 24. A viral video of the confrontation showed officers in uniform engaging in a physical altercation, with gunshots audible in the background. The Service’s position was […]

The Minister of Foreign Affairs, Amb. Yusuf Tuggar, has said the paucity of funds is responsible for the delay in appointing ambassadors for Nigeria. The minister who disclosed this during the ministerial sectoral briefing on Tuesday in Abuja, said President Bola Ahmed Tinubu’s administration was facing a significant financial and economic challenge. President Tinubu had […]

The Coordinating Minister of Health and Social Welfare, Prof Muhammad Pate, has lamented that developing countries like Nigeria continue to lose their highly trained health professionals to developed countries that did not invest in their first professional education. Pate, who said this on Tuesday at the 77th World Health Assembly in Geneva, Switzerland, noted that […]

The Federal Government has disclosed of plans to repeal the 1963 Fire Service Act, describing it as obsolete in the scheme of things. This was as it said it would in the next few years being the establishment of fire service academies in the six geopolitical zones of the country. Minister of Interior, Dr Olubunmi […]

A mother, Lola Muniratu Disu and her son, Ahmed Olasunkanmi Disu have been remanded at the Kirikiri Correctional Centre for allegedly stealing office property value at over N122milion belonging to Uccas Resources Ltd. Justice Abimbola Awogboro of the Federal High Court, Lagos ordered their remand following their arraignment by the Police on a 14 count […]

The Indigenous People of Biafra has insisted that the May 30 sit-at-home remains sacrosanct across the South-East and that every resident in the zone should stay at home in commemoration of “Biafra Heroes Day.” The IPOB had earlier directed the West African Examination Council and the authorities of Nnamdi Azikiwe University, Awka to shift their […]