Nigeria Exchange Rate
18 Aug
The Centre for the Promotion of Private Enterprises (CPPE) has called on the federal government to temporarily peg the exchange rate used for calculating customs duties at N1000 to the dollar. CPPE argues that the high and volatile exchange rate is fuelling high inflation, increasing production and operating costs for manufacturers and other businesses, worsening…
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37 mins ago
Former Minister of Science and Technology and Chairman of the Geometric Power Group, Professor Bart Nnaji, says Nigeria's long wait
39 mins ago
The National Youth Service Corps (NYSC) has announced that a change of name will no longer be a requirement for married female corps members seeking redeployment. This is contained in a circular signed by the service’s Director of Corps Mobilisation, Abubakar Mohammed, and issued to directors, acting directors, state, and Federal Capital Territory (FCT) coordinators.…
47 mins ago
A 25-year-old man was arrested by the police in Basirka town, Gwaram Local Government Area (LGA), Jigawa State, on an alleged sodomy case. In a statement issued and signed by the Police Public Relations Officer (PPRO), DSP Lawal Shiisu Adam, the police stated that on November 21, 2024 around 1700hrs, a complaint was received at…
1 hour ago
A federal high court in Gombe State has sentenced two erring police officers and an immigration officer to seven years imprisonment each for employment fraud to the tune of N1,640,000. The names of the sentenced officers are Yusuf AbdulKarim Bature and Musa Philip of the Nigeria Police Force (NPF) and Nasiru Mohammed of the Nigeria…
1 hour ago
The senator representing Borno South Senatorial District, Ali Ndume, says lawmakers have lost their credibility, hence the inability of many ninth Assembly lawmakers to stage a comeback to the upper chamber. Speaking on Channels Television’s Politics Today on Thursday, Ndume stated that lawmakers have lost the confidence of the people over non-performance. The former Senate…
1 hour ago
A Nigerian PhD student at the Missouri School of Journalism, Damilola Oduolowu, has earned a coveted Pulitzer Center grant to shed light on the rapid destruction of mangroves in Lagos State. Oduolowu, who is conducting his research on digital journalism and its intersection with environmental and climate change reporting, said he sees journalism as a…
1 hour ago
The United Kingdom has once again calmed the frayed nerves of Nigerians on visa issuance by assuring the country of its continuous effort
1 hour ago
The Office of the National Security Adviser (ONSA) is proposing a sectorised strategy as part of its crisis management efforts, particularly
1 hour ago
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has announced that the Port Harcourt Refinery will sell premium motor spirit (PMS) at N1,030 per litre. The association confirmed that the refinery is operational, as claimed by the Nigerian National Petroleum Company Limited (NNPCL). In a statement on Thursday night, PETROAN spokesman Joseph Obele…
2 hours ago
The Nigerian Electricity Regulatory Commission (NERC) has revealed that the Federal Government's annual electricity subsidy surged to N2.4 trillion in 2024, a sharp rise from N650 billion in 2023. The commission attributed the significant increase to persistent inefficiencies in the electricity sector, despite the introduction of the Band A tariff service category. The initiative, aimed…