News
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Ganduje remains APC national chairman – Spokesman
The National Publicity Secretary of the All Progressives Congress, Felix Morka, on Thursday, reiterated that the ruling party will not honour the initial court order affirming Dr Abdullahi Ganduje’s suspension as national chairman. He also reiterated that the national chairman of the party has not been served any summon concerning…
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Tinubu’s government has not borrowed from CBN — Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said yesterday that the Federal Government would pin down Ways and Means to deal with the problem of too much liquidity in the system Fielding questions from journalists after a meeting with investors at the ongoing Spring Meetings of…
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Dangote refinery ramps up production with US crude – Report
The 650,000 barrels per day Dangote Petroleum Refinery is taking advantage of cheaper oil imports from the United States for as much as a third of its feedstock as it starts up production. A report by Bloomberg on Thursday stated that the plant has been shipping products in recent weeks…
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Naira rises to N1,060/$ in parallel market
The Naira, yesterday, appreciated to N1,060 per dollar in the parallel market, from N1,105 per dollar on Wednesday. However, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,154.08 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,154.08 per dollar from N1,072.74 per…
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Tinubu’s reforms yielding positive results — Alake
THE Minister of Solid Minerals Development, Dr Dele Alake, yesterday, said the reforms President Bola Tinubu embarked upon since assumption of office have started manifesting in the resurgence of the nation’s economy. Speaking while hosting a delegation of the All Progressives Congress, APC, Professionals Forum led by a former governor…
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Federation Account rakes in over N7trn July — Dec, 2023
The Revenue Mobilization Allocation and Fiscal Commission, RMAFC, has disclosed that N7.314trillion accrued to the Federation Account for the period July to December 2023, as captured in the monthly report to the Federation Account Allocation Committee, FAAC, by the Central Bank of Nigeria, CBN. This came as RMAFC advocated that…
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FG urges govs to lead fight against child, forced labour
The Federal Government on Thursday, called on state governors to take ownership of the fight against the prevalence of child labour and forced labour at the state and local levels. The Minister of Labour and Employment, Nkeiruka Onyejeocha, who made the call at the official launch of the Nigeria Child…
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Heavy punishment awaits persons threatening Nigeria’s unity – Tinubu
“We thank you for visiting Akure in February 2024 and believe it is proper to reciprocate your kind gesture. “We appreciate this relationship, and we need to make it work in the interest of Nigeria.” Describing President Tinubu as the most important political figure in Africa, the monarch conveyed the…
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DJ Commissioner Wysei, not DJ Switch, arrested – Lagos police
The Lagos State Police Command has tendered a public apology for a mix-up following the alleged arrest of a popular Nigerian disc jockey, Obianuju Catherine Udeh, aka DJ Switch. The State Police Public Relations Officer, SP Benjamin Hundeyin, made the apology via his X handle Thursday, stating that the arrested…
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DNA: Court to serve Mohbad’s wife via substituted means
The Chief Magistrate Court sitting in Ikorodu has granted the order that Wunmi, the wife of the late singer, Ilerioluwa Aloba aka Mohbad, be served notice of the pending DNA test application by substituted means. This was contained in a statement signed by a member of the legal team to…