Naira rises to N1,590/$ in parallel market
The Naira yesterday appreciated to N1,590 per dollar in the parallel market from N1,595 per dollar on Wednesday. Similarly, the Naira yesterday appreciated to N1,596.52 per dollar in the Nigerian Autonomous Foreign…
Kano govt files fresh charges against Ganduje, three others over N57 billion fraud
The Kano State Government has filed fresh charges against the APC National Chairman, Abdullahi Ganduje, for allegedly diverting N57 billion. Named in the charge sheet alongside Ganduje, who is the immediate past…
2027: It’s the turn of southeast to produce next president – Opposition party declares
The Allied Conservative Congress (ACC) has advocated for a presidency from the southeast in the 2027 general elections, arguing that it would enhance national unity. The call was made by the party’s Chairman,…
Nigerians Deserve To Know Truth About Fuel Subsidy Removal – Bode George
…faults FG decision to sell crude oil to Dangote refinery in naira …Asks Lagos Govt to come clean on Aliko Dangote’s claim of paying…
Troops nab notorious gunrunner in North-West
The Nigerian Army said its troops successfully dismantled a gun-running syndicate that has been supplying arms and ammunition to terrorist groups operating in the North-West. The army, in a post on its…
NUPRC stalling our crude allocation not NNPC – Dangote Group
Our attention has been drawn to media reports alleging that the Dangote Refinery has backtracked by acknowledging that NNPC supplied about 60% of the 50 million barrels we lifted. To clarify, we have never…
Tinubu never gave governors N570 billion; it’s World Bank COVID-19 loan – Makinde
Governor Seyi Makinde of Oyo says the N570 billion released to governors was not a handout or bailout from President Bola Tinubu’s government to the 36 states to expand the livelihood support to citizens across the…
Ghana Opens New Gold Refinery
Ghana on Thursday opened a new gold refinery, the first of its kind in West Africa, to bring more value from the natural resource and solidify its standing as the continent’s top gold producer. The Royal Ghana Gold…
Portugal Defender Pepe Retires At 41
Portugal veteran Pepe announced on Thursday in a video on social media he was retiring from football aged 41. “I would like to thank you all,” said the centre-back as he cited the clubs he represented, as well…
60% of our crude feedstock supplied by NNPC, says Dangote refinery
The Dangote refinery says since it commenced full operations, it has processed 50 million barrels of crude — with 60 percent of its feedstock coming from the Nigerian National Petroleum Company (NNPC) Limited. Aliyu…
Ex-CAF president Issa Hayatou dies at 77 — a day before 78th birthday
Issa Hayatou, former president of the Confederation of African Football (CAF), has died. The demise of the lifelong African football administrator was announced by Gianni Infantino, FIFA president, in a post on…
FG rejects Julius Berger’s N279bn cost for Second Niger Bridge bypass
The Minister of Works, Senator David Umahi, has rejected Julius Berger Plc’s proposed cost of N279 billion for the Second Niger Bridge Bypass, describing it as excessively high. In a statement on Thursday, Umahi…
Naira crude sale has dollar fee headache
The federal government’s push to sell crude oil in naira is facing a brick wall of dollar-denominated regulatory and royalty fees, senior industry sources…
Grounded planes litter airports on FX crunch
The high cost of spare parts and maintenance has forced several airlines in Nigeria to park their planes across various airports. BusinessDay learnt that foreign exchange scarcity has also forced some airlines to take…
CBN sells N216.09bn T-Bills as yield drops
Robust investors appetite for the one-year bills on Wednesday exerted downward pressure on one-year bills yield, contracting to 28.02 percent from 28.36 percent recorded in the previous auction. The stop rate at…
Naira gains N10 on black market after CBN’s retail auction
The naira on Thursday gained N10 against the dollar on the parallel market also known as the black market, after the Central Bank of Nigeria (CBN) auctioned $876.26 million through the retail Dutch auction system.…
60% of Lagosians turn down jobs on low pay – Report
A report by the Lagos State Employment Trust Fund (LSETF) says that 60 percent of job seekers in the state turn down jobs due to low pay. The report, which is a recently released a labor market survey for the…
OPEC says Dangote refinery’s diesel, jet fuel supplies to disrupt Europe’s oil & gas industry
…It is a big plus to Nigeria’s economy The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world's largest…
BREAKING: FG lifts suspension on Arik Air operations
The federal government says it has lifted the suspension on the operations of Arik Air. Festus Keyamo, minister of aviation and…
Hunger: Nigerian Govt suspends plan to sell 50kg bags of rice to civil servants
The Federal Government has suspended the plan to sell subsidised 50kg bags of rice to civil servants for N40,000. Leadership reports that the decision was made…
Paris Olympics: Nigerian cyclist ‘borrows’ bicycle to compete after late call up
Ese Ukpeseraye, Nigerian cyclist, says she had to borrow a bicycle from her German colleagues to compete at the 2024 Paris Olympics. The cyclist…
The media is attacking me and NNPC, says Mele Kyari
Mele Kyari, group chief executive officer (GCEO) of Nigerian National Petroleum Company (NNPC) Limited, says there is a targeted media attack on…
Trump Announces News Conference As Harris Soars
Donald Trump scheduled a short-notice media event Thursday at his Florida resort as rumblings of discontent hit his presidential campaign and poll numbers surged for his election rival Kamala Harris. Trump announced…
Apapa Customs generates N1.2trn in 7 months — more than entire 2023 revenue
The Apapa Command of the Nigerian Customs Service (NCS) has said it generated a total of N1.2 trillion as revenue between January and July 2024. The Customs Area Controller (CAC), Apapa Command, Comptroller…