The Naira recorded a significant appreciation against the dollar in the official foreign exchange market on Thursday. Data from the Nigerian Foreign Exchange Market revealed that the currency strengthened to N1,567 per dollar, improving from N1,608 on Wednesday. This marks a N41 gain in value compared to the previous official exchange rate of N1,608 per…
The Special Adviser on Information and Strategy to President Bola Tinubu, Mr. Bayo Onanuga, has provided updates on the progress of operations at the Port Harcourt Refining Company in Rivers State. According to him, the 150,000 barrels per day plant is undergoing significant work, while the 60,000bpd refinery currently operates at 70 percent of its…
The National Agency for Food and Drug Administration and Control , through its Federal Capital Territory Directorate, has seized contraband alcoholic products from Wuse Market, Abuja. The FCT Director of NAFDAC, Mr. Kenneth Azikiwe, revealed on Thursday that the production and distribution of alcoholic beverages in sachets and PET bottles are still prohibited. During the…
Justice Yetunde Adesanya of the Lagos State High Court, sitting at the Tafawa Balewa Square, has dismissed the no-case submissions of Chidinma Ojukwu’s co-defendants in the murder trial of Super TV CEO, Michael Usifo Ataga. The court ordered Adedapo Quadri and Chioma Egbuchu to open their defence. Chidinma Ojukwu, alongside Quadri and Egbuchu, faces charges…
The Nigeria Customs Service has announced a revenue of over N500 million generated from operations targeting petroleum smugglers across the country. This figure was achieved by the newly inaugurated special task force, Operation Whirlwind, in its bid to tackle the persistent smuggling of petroleum products. Speaking at a press conference in Yola on Wednesday, the…
A fan of Arsenal has tragically been shot dead while celebrating the club’s 2-0 victory over Manchester United in a Premier League match on December 4. The incident occurred in Uganda, Lukaya town, about 100 km (62 miles) from Kampala, at a restaurant where a large crowd of jubilant supporters had gathered, reports BBC. The…
Campaign posters featuring former President Goodluck Jonathan have flooded major locations in Kano state, sparking speculation about a potential bid for the presidency in 2027. The posters, strategically displayed at high-traffic areas such as the Gyadi-Gyadi/Zoo Road flyover, Kofar Nasarawa, and State Road, bear the slogan “Team New Nigeria 2027: The Goodluck Nigeria Needs—Dr. Goodluck…
The Economic and Financial Crimes Commission has debunked claims that it discovered $800 million, ₦700 billion in cash, and drugs worth ₦1 trillion at the residence of Bello El-Rufai, the eldest son of former Kaduna State Governor, Nasir El-Rufai. In a statement released Thursday on its official Facebook page, the anti-graft agency dismissed the allegations…
Some members of the Nigerian Armed Forces retirees under the umbrella of the Coalition of Military Pensioners in Abuja have shut down the Federal Ministry of Finance. The retirees’ action on Thursday morning followed the non-payment of their 20% to 28% salary increment from January to November 2024. According to Channels TV, the retired military…
Bitcoin has surpassed the long-awaited $100,000 threshold, reaching a new high of approximately $103,500, marking a significant milestone in its price trajectory. The cryptocurrency, which has been on an upward trend throughout 2024, is now up more than 140% for the year and has gained 48% since the recent elections. This surge follows a series…
