The Federal Government, on Thursday, donated N30m to the family of the national flag designer, the late Pa Taiwo Akinkunmi, almost two years after his demise. The Director General of the National Orientation Agency, Lanre Issa-Onilu, accompanied by the Oyo State Director of the agency, Olukemi Afolayan, made the official presentation of the cheque on…
The Naira rose to N1,493 in the official foreign exchange market on Thursday. According to data published by the Central Bank of Nigeria (CBN), the exchange rate for the Nigerian Foreign Exchange Market (NFEM) fell to N1,493 per dollar from N1,506 per dollar on Wednesday, indicating N13 appreciation for the naira. The official exchange rate…
Hamas released seven more hostages from Gaza on Thursday amid an ongoing ceasefire agreement with Israel. The handover took place in the southern Gaza city of Khan Yunis near the now destroyed childhood home of slain Hamas leader Yahya Sinwar. The seven hostages were two Israelis, Gadi Moses and Arbel Yehud, and five Thais. Chaos…
In its determination to close Nigeria’s electricity gap, the Federal Government has unveiled an ambitious energy access programme aimed at transforming the nation’s energy sector. The government stated that the programme would require $23.2bn, of which $15.5bn would be provided by the private sector. A statement by the spokesman for the Minister of Power, Bolaji…
The Lagos State Government has announced plans to launch a ₦500 million intervention fund “Ounje Eko,” farmers’ subsidy programme from next week Wednesday, February 5th, 2025. Abisola Olusanya, the state commissioner for agriculture and food systems, announced this at a news conference held at Alausa Ikeja on Wednesday. According to her, the Lagos State farmers’…
The Nigeria Labour Congress (NLC) says it will embark on a nationwide mass rally on Tuesday February 4, 2025, in protest of the 50% telecom tariff increase recently approved by the Nigerian Communications Commission (NCC). According to a communique signed by the NLC president, Joe Ajaero on Wednesday, the decision was taken at an emergency…
Nigeria has secured a $1.1 billion loan from the African Development Bank (AfDB) for the provision of electricity for 5 million people by the end of 2026. According to Bayo Onanuga, Special Adviser to the President, (Information & Strategy), President Bola Tinubu made this known in a speech presented by Adebayo Adelabu, Minister of Power,…
The Governor of the Central Bank, Olayemi Cardoso has announced that forensic verification to clear all pending foreign exchange backlogs is now completed and payments will commence soon. During the launch of the foreign exchange code, Cardoso lamented how it took the bank over twelve months to clear the $7 billion foreign exchange backlog in…
The Naira has appreciated to N1,640 per dollar in the parallel market from N1,655 per dollar on Monday. According to data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the Nigerian Foreign Exchange Market (NFEM) fell to N1,526.3 per dollar from N1,533.5 per dollar on Monday, indicating N7.2 appreciation…
Response Began: 4:00 PM, January 28, 2025Operation Concluded: 5:43 AM, January 29, 2025 After an extensive search and rescue operation, we regret to confirm:– 2 fatalities: A 15-year-old boy and an adult male.– 6 survivors: Successfully rescued and treated by medical teams. The compromised structure has been completely demolished to prevent any further risks. Search…
