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Cross-Border Traders Abandon Businesses Over Naira’s Fall
Naira has continued a downward slide in the West African sub-region trading at N2,010 per CFA1000 at the close of business last Friday. Naira traded at N1,870 per CFA1000 at the open market at the weekend. While, as…
Soldiers rescue woman from committing suicide in Lagos Lagoon
Nigerian Army (NA) soldiers operating under 81 Division NA have successfully prevented a suicide attempt by one Mrs Francesca Spark who plunged…
Abuja hotels tighten security amid U.S. Embassy’s alert
In response to the security alert issued by the U.S. embassy in Nigeria, cautioning its citizens about increased threats targeting major hotels in the country’s capital city, hotels in Abuja have taken immediate steps to…
EKEDC apologises to customers in Lagos, Ogun over outage
The Management of Eko Electricity Distribution Company on Sunday apologised to its customers in some parts of Lagos and Ogun States over prolonged outage…
Former Governor Yari Spent N7Billion In 7 Days On 2013 Quran Recitation Event, Says Zamfara Budget…
The Zamfara State Government has lamented that the administration of former governor Abdul'aziz Abubakar Yari in 2013 spent N7 billion within seven days on a Quran recitation event. The state commissioner for budget…
Sacked Twitter Workers In Africa ‘Ghosted’ Without Severance Pay, Benefits, Threaten Legal Action
Staff members of X (formerly Twitter) in Africa who said they were sacked and ghosted by the company without severance pay or benefits have threatened to sue the giant microblogging company over failure to pay out the…
Naira rate gap narrows as dollar demand drops
The exchange rate gap between the official and parallel segments of the foreign exchange market narrowed by more than a half in one week amid a…
FG targets N45trn VAT revenue by 2026
Federal Government has projected ambitious plans to increase revenue accruing from Value Added Tax (VAT) from an average of N35 trillion in 2024, to N40 trillion in…
Why Elon Musk lost $35 billion in October
In a startling turn of events, the world’s richest man, Elon Musk, saw a substantial drop in his wealth in October as $35 billion evaporated from his fortune, primarily due to the downward trajectory of his Tesla shares.…
HURIWA demands Naira Marley’s immediate release, gives reason
The Human Rights Writers Association Of Nigeria (HURIWA) has demanded the immediate release of controversial musician, Afeez Fashola aka Naira Marley. Naira Marley was arrested following the death of his former signee,…
Senate Moves to Shield REC Appointees from Court Injunction, Holds Emergency Session
To prevent potential legal challenges against the appointment of newly confirmed Resident Electoral Commissioners (RECs), the Nigerian Senate will convene an emergency plenary…
IGP Egbetokun redeploys police commissioner ahead Imo guber election
Inspector General of Police Kayode Egbetokun has ordered the redeployment of the police commissioner in Imo, Mohammed Bardem, to the Force Headquarters. The police announced this in a statement by the force spokesman,…
Devaluation Pushes Nigeria’s Debt To N89.2trn
The devaluation of the naira has increased Nigeria’s debt profile by N20.6trn trillion in five months, Daily Trust can report. A data analysis by Daily Trust indicates that the new borrowing plans by the federal…
Poor quality graduates mobilised for youth service – NYSC DG
The NYSC DG said this while delivering a lecture titled: ‘Harnessing the Potential of the Nigerian Youths for National Unity and Development’ at the 5th convocation lecture of the Edo State University, Uzairue, on…
Tinubu Takes Investment Push, Diplomatic Expansion To Saudi Arabia
President Bola Ahmed Tinubu is scheduled to take his administration’s aggressive push to attract more foreign direct investments and infrastructure into Nigeria to Saudi Arabia where he will attend two bilateral summits.…
Family tackles Oba of Lagos over property
The Oyeyemi family has tackled the Oba of Lagos, King Riliwanu Akiolu, over an “ancestral” property located at 87, Docemu Street, Lagos Island. The head of the family, Chief Mrs Morilat Onikoyi, who spoke with our…
BDC operators caution currency speculators as naira gains
The Association of Bureau de Change Operators of Nigeria has warned currency speculators to be wary as the Naira strengthens further against the United States of American dollar. In a WhatsApp message sent to The PUNCH…
Tragedy in Anambra: 3 students struck dead by lightning while playing football
Tragedy struck at a Senior Secondary School in Awka South Local Government Area of Anambra on Saturday as three final year students were struck dead by lightning while they were playing football According to eye…
Forex: Dangote repatriates $687.9m from pan-African operations to Nigeria
The management of Dangote Industries Limited (DIL) on Sunday revealed that the company has so far repatriated over USD576,008,672.41 earned from its pan-African operations to Nigeria. The company said this was in addition…
Family announces burial programme for late Iyalode Alaba Lawson
The family of late Iyalode of Yorubaland, Mrs Alaba Lawson has released programme for her funeral with her burial scheduled for 8 December, 2020 in Abeokuta. The family announced the burial announcement after a meeting…
“Atiku may be expelled from PDP” – Aide speaks on former vice president’s political future
A former special adviser to Atiku Abubakar, Dr. Umar Ardo, has said that governors elected on the platform of the Peoples Democratic Party (PDP) have already dumped the former vice president. Ardo disclosed this in a…
‘How Obasanjo, Jonathan handled Navy’s request for presidential yacht’
Former presidential spokesperson, Ima Niboro, has said that the purchase of the controversial presidential yacht is as old as the Nigerian Navy. According to Niboro, former presidents Olusegun Obasanjo and Goodluck Jonathan…
Kwara forex trader jailed over internet fraud, forfeits iPhone 12, $200 to FG
The llorin zonal command of the Economic and Financial Crimes Commission (EFCC) says it has secured the conviction of one Kolawole Joshua, a 26-year-old forex trader, for Internet fraud. The commission said Abdullahi…
Man Breaks Down As DNA Test Revealed He’s Not The Father Of His Four Children
The story of Mr Kola from Ikire in Osun State is perhaps one that touches the heart and the incident left him shattered as it revealed what he would…