Category: News
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Why Naira May Rebound Against U.S. Dollar Despite Increasing Rate at Parallel Market – Financial Experts
Experts in the financial sector have posited that the current depreciation of naira can be arrested with improved oil production and an end to oil theft. Against the backdrop of the increasing foreign exchange rate, the federal government has also been charged to ramp up non-oil exports out of Nigeria as part of measures to…
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FG Lines up 140 Officials to Assess Tinubu’s Ministers
Punch Newspaper No fewer than 140 officials will track and assess the performance of federal ministries, departments, and agencies ahead of the first assessment exercise at the end of this month. This is as the officials joined the third technical retreat for delivery desk officers of federal ministries on the implementation of presidential priorities and…
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Lagos Teacher in Trouble For Allegedly Flogging Pupils To Death
Punch Newspaper Pandemonium erupted at Araromi Ilogbo Secondary School in Oko Afo, Lagos, as pupils of the school protested the demise of one of their colleagues who was allegedly flogged to death by a teacher. The incident was said to have occurred on Thursday when the deceased, identified as David Babadipo, was allegedly flogged by…
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Private Jet With VIPs Onboard Crash-Lands In Ibadan
Illustrative 📸
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Genocide: IJC Rules on Isreal, Palestine War
The International Court of Justice in The Hague, Friday, has delivered its ruling on the allegations of genocide on Gaza by Israel levelled by South Africa. Following the attack on October 7, 2023, Israel launched a military campaign against Gaza, killing thousands of civilans South Africa had dragged Israel before the court, alleging it has…
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$500,000 Bribe: S’Court affirms ex-lawmaker, Farouk Lawan’s jail term
The Supreme Court on Friday dismissed an appeal by a former member of the House of Representatives, Farouk Lawan, against the judgments of the lower court which imprisoned him. A Federal Capital Territory High Court had sentenced Lawan to seven years imprisonment for receiving a $500,000 bribe while serving as the chairman of the House’s…
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FULL LIST: Lagos Ranks above Dubai, Miami in Latest 50 Best cities in the world
Punch Newspaper Lagos has been ranked as the 19th best city to visit in the world, according to Time Out that publishes guides and magazines. Apart from Lagos, South Africa’s Cape Town (ranked second) and Ghana’s Accra (44th) were the only African cities that featured on the list. Time Out said it drew its conclusion…
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FG Reels Out Fresh Conditions For Passport Acquisition
The Nation Newspaper Minister of Interior, Dr Olubunmi Tunji-Ojo, who disclosed this in Abuja, said passports remained a national identity and vital documents to all citizens and its sanctity should be well protected. According to him the new conditions/templates introduced as prerequisites for obtaining or renewing passports were instituted to curb the acquisition of Nigerian…
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Just In: Gunmen Kill 30 in Fresh Plateau Attack
Punch Newspaper No fewer than 30 persons were killed in Plateau State in the early hours of Wednesday by gunmen who attacked Kwahaslalek village, Mangu Local Government Area of the state. It was gathered that the victims, who were mostly women and children, had run to the house of a community leader in the area…
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How FG, Others Gain N1.05trn from Naira Depreciation
The three tiers of government recorded N1.05 trillion in income from exchange rate gains into the Federation Account, in nine months to September 30th, 2023, triggered by the 71 per cent depreciation of the naira during the period. This represents a 10,400 per cent increase when compared with the N10.35 billion income from exchange rate…