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Naira Slides as Nigerians Import Appetite Rises The exchange rates weakened across the currency markets on Wednesday as demand for the US dollar accelerated above the total market supply. Hence, the Naira depreciated by 0.55% closing at N874.71 to the US dollar from N869.91 per dollar the previous day at the Nigerian Autonomous Foreign Exchange […]

*Begins Internship To Address Shortfall Of Legislative Drafters The Director General of the National Institute For Legislative And Democratic Studies (NILDS), Prof. Abubakar Sulaiman, has said the insufficient number of legislative drafters in the national and state assemblies is affecting lawmaking in Nigeria. The former Minister of National Planning stated this Thursday during the inauguration […]

The House of Representatives has issued summons for appearance to the Federal Inland Revenue Service, Nigerian Immigration Service, Nigerian Metrological Agency, Nigerian Immigration Service, Niger State Command, Investment and Security Tribunal, and the Pharmacists Council of Nigeria to appear before the Public Accounts Committee on Tuesday next week to answer queries issued against them by […]

Justice James Omotosho of the Federal High Court in Abuja declared certain sections of the Tax Appeal Tribunal (Procedure) Rules (2021), the Federal High Court of Nigeria (Federal Inland Revenue Service) Practice Directions (2021), and the Federal High Court of Nigeria (Tax Appeals) Rules (2022) as unconstitutional, null, and without legal effect on Thursday. Justice […]

The scheduled trial of the Global Mercantile & Corporate Logistics Limited (GMC) boss, Chief Sonny Allison, before a Federal High Court sitting in Lagos, over alleged N72 million fraud and issuance of dud cheques could not go on today. At the resumed trial on Thursday, counsel for the prosecution, Justine Enang, told Justice Ambrose Lewis-Allagoa, […]

The Niger Delta Development Commission has commenced a computer-based test for 5,000 applicants from the Niger Delta region for its Foreign Postgraduate Scholarship programme. The commission said it was part of its efforts to provide more opportunities for the youth. The NDDC Director, Education, Health and Social Services, George Uzonwanne, disclosed this at the Information […]

Israel has agreed to put in place four-hour daily humanitarian pauses in its assault on Hamas in northern Gaza starting on Thursday, the White House said, as President Joe Biden pressed Israelis for a multi-day stoppage in the fighting in a bid to release hostages held by the militant group. Biden said Thursday that there […]

A Federal High Court in Ikoyi, Lagos, presided over by Justice Nicholas Oweibo, yesterday, convicted and sentenced a man, Mr Okafor Ikechukwu Mc- Williams, and his wife, Okafor Ifeyinwa Grace to two years imprisonment for unlawful dealing in 19.12 kilograms of Methamphetamine, a prohibited drug. The judge arrived at the jail term after the couple, […]

Saudi Arabia has signed a Memorandum of Understanding with Nigeria on energy-related cooperation. Saudi Arabia’s energy minister, Abdulaziz bin Salman disclosed this during the Saudi-Arab-African economic conference in Riyadh on Thursday, according to Reuters. At the meeting, Salman also met with Heineken Lokpopiri, minister of state for petroleum resources. Global oil and gas stakeholders, at […]

The Minister of Aviation and Aerospace Development, Festus Keyamo SAN, has appealed to Labour leaders to cease disruption of aviation activities across the country. Keyamo spoke at the ongoing Ministerial Retreat of the Ministry in Effurun, Uvwie council area of Delta state, Thursday, November 9. Condemning the alleged molestation of the Nigeria Labour Congress (NLC), […]

First Lady Oluremi Tinubu has charged the leadership of the Armed Forces of Nigeria to encourage women to join the military. The First Lady gave the charge in her address read by the wife of the vice president, Hajia Nana Shettima, at the Defence Headquarters’ one-day Gender Mainstreaming Conference with the theme, Building Capacity Through […]

US Dollar Rallies Ahead of Powell’s Appearance The US dollar rose against its major trading partners early Wednesday ahead of an appearance by Federal Reserve Chairman Jerome Powell and the release of wholesale trade data for September. Earlier Wednesday, the Mortgage Bankers Association said mortgage applications rebounded in the week ended Nov. 3, lifted by […]