Spot FX market turnover was $9.90bn (N15.74trn) in August 2024, representing a 33.88 per cent ($2.51bn) Month on Month (MoM) increase from the turnover recorded in July 2024 ($7.39bn). This was contained in the FMDQ Markets Monthly Report for August 2024. Nigeria’s foreign exchange market has encountered significant challenges, largely …
Read More »Judge withdraws from Nnamdi Kanu’s trial
Nnamdi Kanu, IPOB leader: trial adjourned till next year Justice Binta Nyako of a Federal High Court in Abuja, on Tuesday, recused herself from the trial of Nnamdi Kanu, the detained leader of the proscribed Indigenous People of Biafra (IPOB) Justice Nyako withdrew from the case following oral applications by …
Read More »$6billion Mambilla Project Fraud: Court Adjourns Trial Of Former Minister, Olu Agunloye To October 21
Agunbiade confirmed the letters from the EFCC related to the accounts, marked as Exhibit 1a and 2a, and GTB’s responses, marked as Exhibit 2a and 2b. Adewale Agunbiade, a key witness in the trial of former Minister of Power and Steel, Olu Agunloye, testified on September 23, 2024, regarding alleged …
Read More »Why FG must end petrol subsidy now — Dangote
The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely. He said the removal would help determine the actual petrol consumption in the country, as he confirmed ownership of two oil blocks in the upstream sector with an …
Read More »NDLEA nabs ex-convict with cocaine worth N4.6bn at Lagos airport
The National Drug Law Enforcement Agency (NDLEA) has apprehended an ex-convict, Christian Ogbuji for importing 817 wraps of cocaine weighing 19.40kg with an estimated value of N4.6billion at Murtala Muhammed International Airport (MMIA). This is contained in a statement issued by NDLEA spokesman, Femi Babafemi, on Tuesday in Abuja. …
Read More »Mohbad: Yomi Fabiyi takes protest to Lagos Assembly
Yomi Fabiyi leads peaceful protest for justice in Mohbad’s death Popular Nollywood actor and activist, Yomi Fabiyi has announced plans to lead a protest to the Lagos State House of Assembly to demand justice for the late singer Mohbad. The protest is scheduled for September 30, coinciding with the resumption …
Read More »“PR Agencies Judging Their Own Work? Here is Why It’s a Recipe for Disaster”
By: Philip Odiakose Public relations is an essential element of corporate strategy, enabling organizations to build and maintain a positive image, communicate effectively with stakeholders, and navigate crises. PR agencies play a critical role in helping brands amplify their stories and enhance public perception. However, an increasingly concerning trend is the …
Read More »Minister of Steel Development, Shuaibu Abubakar Audu Signs Historic MOU With Russian Consortium
The Minister of Steel Development, Prince Shuaibu Aubakar Audu who led a Nigerian delegation to Moscow, Russia from September 14 to 22, 2024 has signed a Memorandum of Understanding (MoU) with the original builders of Ajaokuta Steel Plant Messrs, Tyazhpromexport (TPE) and members of their consortium namely; Novostal M and …
Read More »IGP Reassigns Tunji Disu As FCT CP, Redeploys Two Others
Inspector-General of Police Kayode Egbetokun has reassigned Police Commissioner Tunji Disu from the Rivers State Police Command to lead the Federal Capital Territory (FCT) Command. As part of the redeployment, Abaniwonda Olufemi, formerly Delta State’s Commissioner of Police, will now head the Rivers State Police Command, while Peter Opara, the …
Read More »‘Monumental disaster’ – Zamfara Governor reacts to death of 40 people in boat mishap
Zamfara governor, Dauda Lawal, has described the death of 40 people in a boat accident on Sunday the Bakin Kasuwa River of Uban Dawaki community, Gummi Local Government Area of the state as a monumental disaster. They died when the boat that was carrying more than 40 people capsized in …
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