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Troops of the Nigerian Army have arrested one Philip Gokas also known as Jaykimo, alleged to be the mastermind of the murder of Alhaji Adamu Idris Gabdo, the Ardo of Panyam (Fulani leader) in Mangu Local Government Area of Plateau State in at a football viewing centre in Lagos. Gokas was arrested in the Ogba […]

The Central Bank of Nigeria (CBN) has reiterated that all denominations of naira notes it issued remain legal tender and should be accepted as a means of payment for goods and services. This directive, the CBN said, is in accordance with Section 20(5) of the CBN Act, 2007. The CBN has directed its branches across […]

President Bola Tinubu on Wednesday appointed 20 federal commissioners in the National Population Commission with nine current federal commissioners being appointed for a second term in office: The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, disclosed this in a statement titled ‘President Tinubu appoints twenty federal commissioners of the national population […]

The commandant of the Nigerian Defence Academy (NDA), Maj.-Gen. John-Ochefu Ochai, visited Ahmadu Bello University (ABU) Zaria on Wednesday to commend Umar Ka’oje for voluntarily returning N1,153,953.36 mistakenly paid into his bank account. The money was paid to the don after the expiration of his teaching contract with the military academy. The visit by the […]Read More

The Labour Party (LP) has described the ruling of Justice Inyang Ekwo of Federal High Court Abuja, on the National Youth Service Corps (NYSC) certificate forgery case involving the governor of Enugu State, Peter Mbah, as bizarre and unconventional. The party in a statement issued by the National Publicity Secretary, Obiora Ifoh, said the court […]

President Bola Tinubu will, on Thursday, November 8, depart Abuja for Riyadh, Saudi Arabia, to attend the Saudi-Africa Summit, which is scheduled to take place on Friday, November 10. This was contained in a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, on Wednesday. At the Saudi-Africa Summit, the President will […]

IMF Executive Board Approves a Proposal to Increase Quotas The Executive Board approved today a proposal to be considered by the Board of Governors to conclude the 16th General Review of Quotas (16th Review) with a significant increase in quotas.  The proposal follows the guidance from the International Monetary and Financial Committee (IMFC) at the […]

T-Bill Yield Steadies at 14.4%, OMO Slumps to 15.9% In the secondary market for Nigerian government borrowing instruments, money has continued to go to where it is treated well.  The federal government has been borrowing at cheaper rates, selling borrowing instruments to investors seeking to maintain low risk profile. Recent data from the National Pension […]

NGX Swells by N85bn as Mecure Lists 4bn Shares The equities segment of the Nigerian Exchange (NGX) expanded by N85 billion on Tuesday as Mecure Industries listed four billion ordinary shares at N2.96. The stock market has been spinning value as Alpha seekers continue to take positions in growth, value companies stocks. The sustained uptrend […]

Naira Skids at Official Market, Nigeria Sees Fresh FX Inflow The naira has lost weight twice this week as foreign currency demands continue to surpass market supply at the Nigerian Autonomous Foreign Exchange market (NAFEM). According to data from FMDQ, the Naira depreciated by 7.53%, closing at N869.91 to the US dollar in the official […]

NPA Sets 2024 Deadline for $1.1bn Ports Rehabilitation Plan The Nigerian Ports Authority (NPA) says it’s embarking on a $1.1 billion ports rehabilitation plan in the first quarter of 2024, to fortify Nigeria’s trade competitiveness. The Managing Director, of NPA, Mr Mohammed Bello-Koko, said this in a panel session at the 43rd Port Management Association […]

Kano Govt Approves N40bn for Road, Health Projects The Kano State Government has approved over N40 billion for road infrastructure and other viable projects in the state. This is contained in a statement by Baba Halilu-Dantiye, the Commissioner for Information and Strategy, on Tuesday in Kano. He said the State Executive Council (SEC) during its […]