News

It was a stronger outcome for the Naira as it appreciated further against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) by 0.36 per cent or N6.05 on Friday, November 22 to trade at N1,652.62/$1 compared with Thursday’s closing rate of N1,658.49/$1. The appreciation came as FX …

The Lagos Chamber of Commerce and Industry has declared that the concerns being displayed in the business community on the Federal Government’s plan to borrow a fresh external loan of $2.2 billion are driven by the apparent weak economic fundamentals and lack of understanding on how to navigate through the …

The Nigeria Labour Congress, Yobe State Chapter, has described a circular circulating on social media platforms urging Yobe State civil servants to initiate a statewide strike, as entirely false and unfounded. A statement obtained by our correspondent on Saturday and signed by the state chairman of the NLC, Muktar Tarbutu, …

The Taraba State Government has shut down the Danbaba Suntai Airport in Jalingo to expedite the upgrade work going on in the facility. The state government announced this on Friday through by the Permanent Secretary Ministry of Transportation Development, Kwantar Genesis. The statement highlighted the parts of the facility to …

President Bola Tinubu has sent a letter to the Senate seeking confirmation of Lieutenant General Olufemi Olatubosun Oluyede’s appointment as the substantive Chief of Army Staff. In the letter sent today, Tinubu seeks Oluyede’s confirmation in accordance with the provision of Section 218(2) of the 1999 Constitution as amended and …

by Olutayo Irantiola With the recent revamp of the National Theatre by SANEF Creatives Limited, a special purpose vehicle of the Bankers’ Committee, which is composed of the Central Bank of Nigeria and the Body of Bank CEOs in Nigeria. The mind-blowing revamp has restored the glory of the National …

The Senior Special Assistant to the President on Sustainable Development Goals (SSAP-SDGs), Princess Adejoke Orelope-Adefulire, has reaffirmed Nigeria’s commitment to tackling hunger and improving education through innovative programmes and policies. The presidential aide reiterated this position during her address at the G20 Summit side event organized by the Global Alliance …

•Consular officers deployed to embassies in Spain, Malaysia, Brazil, others, concerns raised over state of country’s missions abroad The Federal Government has begun deploying consular officers to diplomatic missions worldwide before the anticipated release of the ambassadorial list. This move comes 14 months after 83 ambassadors were recalled in September …

The Naira experienced a slight decline at the official market on Wednesday, trading at N1,687.52 per dollar. This represents a depreciation of 0.51 per cent, with the currency losing N8.59 compared to Tuesday’s rate of N1,678.93 per dollar. Data from the FMDQ Exchange revealed the loss in value occurred alongside …

The Alara of Ara Kingdom in Osun State, His Royal Majesty, Oba (Dr.) Olubayo Adesola Windapo Oyelade-Abidogun 1st has praised the appointment of Dr. Abisoye Fagade on his well-deserved appointment as the Director-General of the National Institute for Hospitality and Tourism. Oba Windapo described the appointment as one of “round …