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FBI nabs Nigerian official trying to flee U.S. with family after contract procurement fraud
The Federal Bureau of Investigations (FBI) on April 2 took into custody Ifediora Oli, a dual citizen of Nigeria and the United States, for allegedly conniving with two persons to defraud the District of Columbia public…
Naira picks up 10% gain as EFCC fights speculators
The naira regained strength against the haven currency over the weekend, breaking below the N1,300 resistance level at the parallel market, to settle at N1270-75 against the dollar as the U.S Fed Reserve Bank meets on…
Unemployment hits Nigerian students, others hard in Canada
A severe unemployment crisis affecting at least one million international students in Canada, including Nigerians, has sparked worries about loose immigration policies that have turned Canada into a sanctuary for migrants…
Active bank accounts in Nigeria hit 219.6 million in March 2024 – NIBSS
The number of active bank accounts in Nigeria jumped to 219.6 million in March 2024, marking a significant increase when compared with the previous data released by the Nigeria Inter-Bank Settlement System (NIBSS).…
LASEPA cracks down on Vertigo Club, Zaza, others for environmental infractions
The Lagos State Environmental Protection Agency (LASEPA), in response to mounting environmental degradation and persistent violations, carried out a comprehensive enforcement operation on Sunday, April 28, 2024, in the…
More trouble for Ganduje as panel on misappropriation sits
The embattled National Chairman of All Progressives Congress (APC), Abdullahi Ganduje, is set for another trouble, as the Judicial Commission of Inquiry (JCI) on public property and assets recovery begins sitting today.…
FX rates harmonisation: CBN abandons unification policy, re-introduces discriminatory rates
• BDCs on subsidy as four different rates emerge• Customs settles for below NAFEM rate, charges N1,164• Naira pullback stokes fresh concern about stability • Senate seeks proactive measures to save currency The Central…
Tinubu may sack, replace some ministers at first anniversary
Indications emerged yesterday, of a possible cabinet shakeup as President Bola Tinubu has begun preparation for the celebration of his first anniversary in office. He was sworn in on May 29, 2023. It was gathered…
State Police Non-Negotiable – Ex-AIG
A retired Assistant Inspector-General of Police, Ambrose Aisabor, has said adopting state police is non-negotiable. According to him, the clamour for state police raged over the failure of the federal police. Daily…
Over 100 Kwara Intending Pilgrims To Miss Hajj
The Kwara State Pilgrims Welfare Board has said more than 100 intending pilgrims from the state will miss this year’s Hajj exercise. The agency’s executive secretary, Alhaji AbdulSalam Abdulkadir, disclosed this on Sunday…
War On Gaza: OIC, 6 Arab Countries Seek ‘Operative Sanctions’ Against Israel
The Organisation of Islamic Cooperation (OIC) and six Arab countries have urged the international community to implement robust sanctions against Israel, including halting the export of weapons, in response to its…
DNA: Court Orders Man To Accept Boy
A magistrates’ court in Kano, Kano State, has ordered a man, Ibrahim Dan Asabe, challenging the paternity of a boy to accept him as his son after a DNA test proved that he is the biological father. Earlier, the mother of…
Don’t Back Out On Yahaya Bello’s Prosecution – Kogi Residents Tell EFCC
A cross-section of residents and indigenes of Kogi State, on Sunday, appealed to the Economic and Financial Crimes Commission (EFCC) not to be distracted in the ongoing investigations and planned prosecution of a former…
Tinubu Mourns Victims Of Rivers Tanker Explosion
President Bola Tinubu has extended his heartfelt condolences to the families of the victims of the fire incident caused by an articulated vehicle conveying petroleum products at the Eleme section of the…
CBN steps in to correct market rate distortion
The Central Bank of Nigeria (CBN) sold dollars at the official and parallel markets last week in a bid to stem the panic-driven demand in the markets that has renewed pressure on the naira. The apex bank sold some $70…
Dangote cement export of clinker, cement increase by 87.2%
Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker- from Nigeria to Ghana and Cameroon and that the export, for the…
Rice millers roar back to life as cross-border paddy returns
Rice millers that were forced out of business in Africa’s most populous nation are gradually reopening their factories as it becomes affordable to source critical inputs. The millers have the lifting of sanctions on the…
The trial of Emefiele: A lesson for all technocrats in government
The images of Godwin Emefiele, looking flummoxed as he is chaperoned by state security agents from custody to custody, from courtroom to courtroom, contrast sharply with those of the man who, as governor of the Central…
PSG clinch Ligue 1 title for record 12th time
Paris Saint-Germain (PSG) secured their Ligue 1 title without kicking a ball on Sunday as closest rivals Monaco suffered a 3-2 defeat to Lyon. Monaco’s loss handed PSG a 12-point lead at the league summit with only…
Why Naira depreciated by 23% in 4 days — Currency dealers, analysts
A surge in demand for dollars in the parallel market driven by banks and end-users combined with slow forex disbursement to BDCs by the Central Bank of Nigeria, CBN, caused the Naira, last week, to fall by 23 per cent…
Police commence investigation into assassination of Aiyedatiwa’s campaign coordinator
—-Fish out killers, Aiyedatiwa campaign group, tells Police The Returning Officer of the All Progressives Congress, APC, in Supare Akoko, South West council area of Ondo state, in the just concluded governorship…
Senate expresses worry of fresh naira fall
The Senate through its Committee on Finance, has called for concerted efforts by all relevant stakeholders to rescue and sustain the stability of the naira. The naira persisted in its decline against the US dollar…
Man City beat Forest 2-0 to close on Premier League leaders Arsenal
Manchester City overcame relegation-threatened Nottingham Forest 2-0 on Sunday to close to within one point of Premier League leaders Arsenal and keep the destiny of…
Denmark shipping giant Maersk to inject $600m in Nigerian seaports
Danish shipping and logistics company, A.P Moller-Maersk, has said it will invest $600m to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports. This followed closed-door…