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*Varsities get N1.9bn, polytechnics N1.1bn, CoEs N1.3bn each President Bola Ahmed Tinubu has approved the sum of N683,429,268 billion as the 2024 Intervention Funds for public tertiary education institutions in the country. The Executive Secretary of Tertiary Education Trust Fund (TETFund), Sonny Echono, disclosed this on Friday during the Fund’s strategic planning meeting with heads […]Read More

The Supreme Court has dismissed the appeal by the Peoples Democratic Party (PDP) and its candidate in the last governorship election in Abia State, Okechukwu Ahiwe seeking to sack Labour Party’s Alex Otti as the Governor of Abia State. In a judgment a moment ago, the apex court held that the appeal was unmeritorious and […]

The Economic and Financial Crimes Commission (EFCC) has said they will revisit the allegations of N70 billion fund misappropriation levelled against the current Minister of State for Defence and former Governor of Zamfara State, Bello Matawalle. Addressing the Zamfara Alternative Forum (ZAF) who during a protest at the EFCC headquarters in Abuja, called for the […]

Israel on Friday rejected as “a grossly distorted story” and “libellous” accusations brought by South Africa at the UN’s top court that its military operation in Gaza is a state-led genocide campaign aimed at wiping out the Palestinian population. South Africa, which filed the lawsuit at the International Court of Justice (ICJ) in December, asked […]

The trial of the Eze Ndigbo of Ajao Estate in Lagos, Frederick Nwajagu for alleged terrorism continued on Thursday in Lagos with the testimony of the third prosecution witness, a Lagos State Civil Servant, Mrs Raulat Ibrahim. Led in evidence by the Director of Public Prosecution (DPP), Dr. Babajide Martins, the witness told Justice Yetunde […]

Naira Rises by 19% as Forex Market Pressures Ease The Nigerian naira has continued to reclaim lost value in the foreign exchange (forex) market, settling at about N875 per United States (US) dollar, according to data from the FMDQ platform. At the beginning of the week, the spot FX rate at the Nigerian Autonomous Foreign […]

Egyptian Pound Hits Bottom Amidst FX Pressure The Egyptian pound remained at historically low levels, trading around 30.9 per dollar, amidst growing speculation of potential further devaluation, a move that is likely to boost inflation. Since early 2022, Egypt has devalued its currency three times, resulting in a substantial 50% reduction in its value, with […]

Equities Market Cap Jumps by N313bn to N45.20Trn Equities market capitalisation inched higher by more than N313 billion on Thursday to N45.2 trillion after large daily gains recorded by investors trading the highs and the lows in the local bourse. Market size had decreased the previous day due to early profit takings. Data showed that […]

Alleged $6bn Fraud: Court Admits Ex-minister Olu Aguloye to N50m Bail Justice Jude Onwuegbuzie of a Federal Capital Territory High Court  on Thursday admitted former Minister of Power and Steel, Olu Aguloye bail in the sum of N50 million. Aguloye was charged with seven counts bordering on forgery, disobedience of presidential order and corruption in […]

Nigerian Farmers Cannot Meet Local Rice Demands–Traders Some rice traders in Lagos have lamented the inability of local rice farmers to meet the growing demand of the produce. The traders spoke in separate interviews with the News Agency of Nigeria in Lagos. Recalls that the Federal Government recently reaffirmed its commitment to increasing local production […]

Forum Decries Alleged N585m Scandal at Ministry of Humanitarian Affairs The National Youth Leaders Forum of Political Parties in Nigeria (NYLFPPN) has decried the alleged N585 million scandal in the Federal Ministry of Humanitarian Affairs  and Disaster Management. The Spokesperson of the forum, Comrade Eze-Onyebuchi Chukwu, in a statement in Abuja on Thursday, urged President […]

Chevron Nigeria Names Jim Swartz Managing Director Chevron Nigeria Limited has appointed Jim Swartz as the new Chairman and Managing Director. In a statement by the firm’s General Manager, Policy, Government and Public Affairs Esimaje Brikinn, Swartz was appointed “as the Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, effective April 1, 2024. ”Until […]