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Forex Inflows Reach $25 Billion as Naira Closes at 1,596/$
The Central Bank of Nigeria has revealed that the net foreign exchange flows into the country increased to $25.4bn in the first six months of 2024, a 55 percent increase from the recorded figure year-over-year. The naira finished at the same rate that it closed on Wednesday, N1,596, versus the US dollar, indicating that the…
FG Stops Sale for Registration of N40,000 Rice
The circular instructing public personnel to register for the N40,000 subsidised purchase of a 50 kg bag of rice has been removed by the Federal Government. Aderonke Jaiyesimi, the Director of Human Resources at the Ministry of Special Duties and Inter-Governmental Affairs, informed everyone of the circular’s withdrawal in a separate circular. Jaiyesimi said, “I…
Actor Francis Duru Loses 15 Years Old Son
Veteran Nollywood actor, Francis Duru, mourns the demise of his son, Ifeanyi. Via an Instagram post on Thursday, He wrote, “My champ! My lion, you fought like a lion. If this is the way He wants it, so be it, I still judge you faithful. “Ifeanyi, my champ. I will miss you, son. I will…
FG Warns Against Foreign Interference to Protest
Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, says the Federal Government (FG) won’t accept any foreign interference in the aftermath of the violence that trailed the #EndBadGovernance protests in the country. When he met with members of the diplomatic corps in Abuja on Wednesday, he made this declaration and issued a warning: the government will…
CBN Sells $876.26m at ₦1,495 in Retail Auction
The Central Bank of Nigeria (CBN) has sold $876.26m to end users whose bids were submitted by some 26 banks. The action aims to support the declining value of the naira, according to a circular issued by the apex bank on Wednesday. The situation coincides with the naira being under pressure from summertime tourists and…
D’Tigress Lost 14 points to USA in Quarter-Finals
Nigeria’s female basketball team D’Tigress has crashed out of the ongoing Olympics tournament in Paris following their 74 – 88 loss in the quarterfinals to USA. As they swapped baskets in the first few minutes, Nigeria who have made physical play their trademark looked anything but scared by the formidable Americans. A’Ja Wilson, the two-time…
NELFUND Records Highest Student Loan Requests in 24hrs
In a single day, 9,687 students applied for school loans from the Nigeria Education Loan Fund (NELFUND). The number is the largest since the NELFUND started its application process on May 25 for prospective students to apply for stipends and tuition. This was announced in a statement released by Oseyemi Oluwatuyi, Director of Corporate Communications at NELFUND, yesterday….
Tobi Amusan Qualifies for the 2024 Olympic 100-Meter Hurdles Semifinals
World champion Tobi Amusan advanced to Wednesday’s semi-finals in the 100-meter hurdles at the 2024 Summer Olympics in Paris. With 12.49 seconds, Amusan topped the group of eight competitors. Alaysha Johnson of America came in second with 12.61 seconds, while Janeek Brown of Jamaica qualified with 12.84 seconds. Amusan is undoubtedly one of the favourites…
FG Partners ICAC to Revamp Textile Industry Sector
This is with the target to create over 1.4 million jobs annually in the sector, line with the industrialization drive of the President Bola Ahmed Tinubu administration. The Senior Special Assistant to the Vice President on Media and Communications, Stanley Nkwocha in a statement on Tuesday said, the decision to revamp the sector was reached…
Favour Ofili Finishes sixth in 200m
Team Nigeria’s hope of winning the first medal at the Paris 2024 Olympic Games was dashed on Tuesday night following dismal performances of Favour Ofili in the final of the women’s 200m Ofili clocked 22.24s to finish sixth in the 200m final won by USA’s Gabby Thomas in a time of 21.83s. Ofili, 21, was…
