The Naira, yesterday, appreciated N1,080 per dollar in the parallel market, from N1,230 per dollar last weekend. Also, the Naira appreciatef in the Nigerian Foreign Exchange Market, NAFEM, to N1,136.04 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,136.04 per dollar from N1,143.38 per dollar last week Friday,…
The Economic and Financial Crimes Commission (EFCC) has exposed fraudulent activities related to Covid-19 funds and the Abacha loot, amidst mounting concerns over financial mismanagement within the Ministry of Humanitarian Affairs, Disaster Management and Social Development. The Commission in a statement on Sunday addressed the growing concerns surrounding its ongoing investigations into suspected financial mismanagement…
In March 2024, the headline inflation rate increased to 33.20% relative to the February 2024 headline inflation rate which was 31.70%. Looking at the movement, the March 2024 headline inflation rate showed an increase of 1.50% points when compared to the February 2024 headline inflation rate.On a year-on-year basis, the headline inflation rate was 11.16%…
A Lagos State Coroner, Magistrate Mikail Kadiri, who investigated the death of the 12-year-old student of Dowen College, Sylvester Oromoni, on Monday, concluded that the deceased died a natural, but avoidable death. Magistrate Kadiri, while making his findings public at the Lagos State Magistrate Court in Ogba, held that the death could have been prevented…
Senator Ned Nwoko representing Delta North senatorial district, Delta State, has secured the release of four family members the Army arrested for fabricating weapons at Onicha-Olona community in the state. The major suspect reportedly has the ability to build drones, and modify Ak-47 rifle designed to hold 30 rounds to 60 rounds, which attracted Senator…
In the wee hours of 14 April 2014, Boko Haram seized 276 girls from their dormitories in Government Girls Secondary School, Chibok Local Government Area of Borno State. While 128 regained freedom in batches over nine years, the whereabouts of 91 others remain unknown. The abduction which made global headlines and birthed an international movement…
Sunday Adeyemo popularly known as Sunday Igboho has distanced himself from the invasion of Oyo State Secretariat by armed men. Yoruba nation activist Chief Sunday Igboho, and the leader of the Ilana Omo Oodua movement, Professor Banji Akintoye, on Saturday, distanced themselves from some suspected gunmen who invaded the Oyo State government secretariat, Agodi Ibadan,…
A man stabbed six people to death at a busy Sydney shopping center Saturday before he was fatally shot, police said. Eight people, including a 9-month-old, were injured in the attack. The 40-year-old suspect began stabbing people at the Westfield Shopping Centre in Bondi Junction, which is in the city’s eastern suburbs, before a police…
A report by CAPE Economic Research and Consulting has projected that the country’s consumer price index would increase to 32.65 per cent in March from 31.70 in February 2024. According to the document, food and core inflation will surge to 38.2 per cent and 25.13 per cent, due to lingering headwinds. The National Bureau of…
The Joint Admissions and Matriculation Board (JAMB) and the Nigeria Police Force (NPF) have warned candidates against patronizing “fake sites” offering ‘live’ questions and answers. Addressing newsmen at the Force Headquarters, on Saturday during a joint by the two organizations, the Force Spokesperson, ACP Olumuyiwa Adejobi noted that the sites are “false and deceptive, and…
