News
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Naira drops at parallel market, closes 900/$ official window
The naira fell to a record low of N1,400/$ at the parallel market on Thursday despite recent efforts by the Central Bank of Nigeria to save the national currency. With continued dollar scarcity plaguing the country, Bureau de Change Operators confirmed that the naira touched new depths in the foreign…
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Customs seize N4bn cocaine, arms from South Africa
The Nigeria Customs Service, Tincan Island Command, said it intercepted cocaine, arms and ammunition worth N4.3bn. The Comptroller General of Customs, Adewale Adeniyi, disclosed this while addressing journalists during the handing over of the seized contraband at the command on Thursday. Adeniyi said that the seized contraband came from South…
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Power problem beyond our control – Benin DisCo
The Benin Electricity Distribution Company has said the power problem being experienced by its customers is beyond its control. The BEDC told its customers in Delta, Edo, Ekiti, and Ondo States that the reduction in supply hours was due to limitations in allocation from the national grid. Poor power supply…
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Missing Ogun banker found in Niger
A staff member of a Microfinance bank at Kemta Oloko, Abeokuta, Mr Olumide Openaike, who has been missing since Wednesday, January 17, has been found in Mokwa, Niger State. The wife of the banker, who also works at a microfinance bank in Onikolobo, Abeokuta, Temitope, broke the news to our…
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Killings: Super Eagles captain, Ahmed Musa, appeals for peace in Plateau
Captain of the Super Eagles, Ahmed Musa, has called for peace in his home state, Plateau, following the ongoing killings in the North Central state. Taking to his Instagram page on Thursday, Musa called for unity in the state. He wrote, “A heartfelt plea for peace in Plateau. Dear Plateau…
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Food prices rose in December 2023 – NBS
The National Bureau of Statistics (NBS) said prices of beef, rice, beans, onions, tomatoes, and other food items increased in December 2023. It said this in its Selected Food Prices Watch report for December 2023, released in Abuja on Wednesday. “On a month-on-month basis, 1kg of boneless beef increased by…
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Wike mobilises traditional leaders to strengthen fight against insecurity in FCT
FCT Minister, Nyesom Wike has enlisted the support of traditional leaders to strengthen the fight against insecurity in the federal capital. Wike said during a security meeting with the FCT Council of Chiefs and the chairmen of the six Area Councils in Abuja on Wednesday that the support was critical…
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Explosion in Abuja not related to bombing — Police
The Police Command in the Federal Capital Territory (FCT) said the explosion that occurred near a refuse dump outside the Bureau of Public Enterprise premises in the Maitama area of Abuja was not bomb-related. The Police Public Relations Officer in the FCT, SP Josephine Adeh, said this in a statement…
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W’Bank projects 3.7% growth for Nigerian economy 2025
The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report titled “Global Economic Prospect: Subdued Growth, Multiple Challenges”, projected that the African largest economy will improve by 3.3 per cent up from a projected 2.9…
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FG projects N19.4tn revenue in 2024
The Federal Government has set a tax revenue target of N19.4tn for 2024. This is as the Federal Inland Revenue Service collected a record N12.37tn in tax revenue for the federation in 2023, surpassing the year’s target of N10.7tn. According to the chairman, FIRS, Dr Zacch Adedeji, the new target…