News

*Central bank conducts first auction of renminbi on Friday *Nigeria signed $2.4 billion currency swap with China in May The Central Bank of Nigeria sold yuan for the first time as it looks to boost commerce between China and…

The seeming suspicious mode of relationship between the federal government and electricity distribution companies (Discos) in Nigeria’s power sector on Friday got a little more scrappier with new claims by the Minister of Power, Works…

Senator Ademola Adeleke who is popularly known as the dancing senator has been accused of certificate forgery just as his political ambition gathers momentum. The group, in a statement signed by two of their leaders, Muftau Adegoke and…

Governor Samuel Ortom of Benue State has declared that he is leaving the  All Progressives Congress (APC)  for good. He told members of OnTiv Professionals Association in Abuja that he would not return to the party for any reason.…

The Biafra Zionists Federation, BZF, on Friday vowed that no election would be conducted in the defunct Biafra region during the 2019 general elections. This came from the self-acclaimed President of the BZF, Barr. Benjamin Onwuka.…

Dr Alfred Makanjuola, Consultant Behavioural Scientist, University of Ilorin, has raised alarm over initiation of teenagers into drug abuse in Kwara. Makanjuola said on Friday in Ilorin that children between the age of 10 and 18 got…

Nairametrics began an in-depth coverage of the billionaire investors in Nigeria’s capital market in May 2018. Since then, the stock market has slid. Year to date, the Nigerian Stock Exchange (NSE) All-Share Index is down 3.35%. We…

Activist Lagos-based lawyer, Ebun-Olu Adegboruwa, has filed a suit before the Federal High Court in Lagos seeking the prosecution of the Lagos spokesman of the All Progressives Congress, Joe Igbokwe, over an allegedly offensive Facebook…

A fatal accident involving a bus and a train occurred at Old Abeokuta Road by Odejobi junction on Friday. According to the Lagos State Traffic Management Authority Twitter handle, the accident occurred on Friday morning. The number…

The Apapa Area 1 Command of the Nigeria Customs Service said it generated N176.75 billion in the first half of 2018, an increase from the N165.74 billion it generated during the same period in 2017. The command’s Spokesman, Mrs…

The Ministry of Foreign Affairs has said that Nigerians stranded in Moscow, Russia at the end of the 2018 World Cup Tournament would be evacuated on Friday. The Ministry’s Spokesperson, Dr Tope Elias-Fatile, in a statement on…

*Why Rich Patrons Are Having Panic Attacks Nicely stacked ladies with the morals of alley cats whistling at men, over-dressed and over made-up babes playing at hookers. Skimpily clad nubile creatures who‘ll give a vicar impish ideas…

The Presidency says it considers a communiqué issued by some ethnic and sectional groups assembled in Abuja recently as the shedding of crocodile tears by selfish leaders. Malam Garba Shehu, the President’s Senior Special Assistant…

Samson Ayokunle, president of Christian Association of Nigeria (CAN), says it is unfortunate that the best Nigerian is not leading the country. Ayokunle said this on Thursday while speaking at the National Stakeholders Summit on the…

Taraba State Governor, Darius Ishaku, on Thursday raised the alarm over alleged plans by the All Progressives Congress to rig the 2019 elections so as to oust him and six other governors of the Peoples Democratic Party. Ishaku raised the…

The Federal Government has concluded arrangements to engage additional 300,000 beneficiaries in the second batch of its N-Power Volunteers Corp from August 1. The Senior Special Assistant to the Vice-President on Media and Publicity, Mr…

Ayodele Fayose, governor of Ekiti state, says Kayode Fayemi,  the governor-elect, will be consumed in his vendetta mission. Fayose said this while reacting to the threat of Fayemi to probe of his government. Speaking with…

Abdulmumin Jibrin, a lawmaker from Kano state, led members of the Parliamentary Support Group to the presidential villa in Abuja on Thursday. The group is in support of the reelection of President Muhammadu Buhari. The president…

Less than three months after Dino Melaye, senator representing Kogi west, regained freedom from police custody, the Kogi state police command has asked him to report at the state criminal and investigation department in Lokoja, the…

The new national airline, Nigeria Air, will require initial capital of between $150m and $300m, and the Federal Government is seeking a strategic partner to operate the carrier, according to a document seen by Reuters on Thursday. The…

Twitter has appointed Nigeria’s ex-finance minister, Okonjo Iweala, has a member of it’s board of directors. The Social media giant Twitter Inc announced the appointment of the Nigeria’s former Minister of finance Ngozi Okonjo-Iweala…

Nigerian billionaire entrepreneur, executive director and co-founder of Sahara Group, Tonye Cole has surprised his wife Sylvia Cole, with a brand new Mercedes SUV on their 23rd wedding anniversary. To celebrate the wedding…

The All Progressives Congress (APC) Thursday made deft moves to avert an impending exodus of its bigwigs to the leading opposition party, the Peoples Democratic Party (PDP). The peace initiative, THISDAY gathered, was being…

PHILIP NYAM reports on the controversy triggered by the resolution of the House of Representatives urging President Muhammadu Buhari to suspend implementation of Executive Order No. 6, which he recently issued The fear of the ongoing…