Official Market: Naira Dips Despite Market Confidence. The naira faced renewed pressure on Tuesday, depreciating by 0.71% against the dollar on the official market, closing at N1,500.79 compared to N1,490.20 the previous day. Despite this, CBN Governor Olayemi Cardoso expressed…
Environmental Move: Nigeria Bans Single-Use Plastics in Ministries. The Federal Executive Council (FEC) has approved a ban on single-use plastics across all government offices and ministries in Nigeria. This decision, announced by Minister Iziaq Salako, aligns with President Bola Tinubu’s…
Shoprite Exit: Impact on Novare and Nigeria’s Retail Sector. Retail Supermarket Nigeria (RSN), operating as Shoprite, has announced the imminent closure of its store at Novare Wuse Central Mall, Abuja, effective June 30, 2024. The decision, attributed to financial challenges…
FG: Tinubu Engages Governors, OPS on Minimum Wage. President Bola Tinubu plans to consult state governors and the organized private sector before finalizing the new national minimum wage figure to be presented to the National Assembly as an Executive Bill.…
Benue Pays Price: Bandits Demand N20M Monthly Taxes” In Ukum Local Government Area of Benue State, armed bandits have reportedly started imposing taxes and levies on residents of Torough and nearby communities, demanding N20 million as a monthly tax from…
“Families Torn Apart by False Prophecies — Ndigbo. False prophecies by self-proclaimed prophets and pastors have wreaked havoc in Igbo communities, causing family crises, enmity, and even deaths. These individuals often identify supposed evil-doers or buried charms as the source…
KWSIEC Chair Promises Clear and Honest Kwara LG Polls. In an interview with journalists in Ilorin on Tuesday, the Chairman of the Kwara State Independent Electoral Commission (KWSIEC), Alhaji Mohammadu Baba Okanla, assured the 17 political parties participating in the…
“Naira Liquidity Now Available for IMTOs: CBN The Central Bank of Nigeria (CBN) has introduced a new window for International Money Transfer Operators (IMTOs) to access naira liquidity, ensuring timely settlement of diaspora remittances. In a circular signed by Acting…
Labour Demands N250k Minimum Wage to Combat Inflation. Organised Labour has urged President Bola Tinubu to demonstrate his support for Nigerian workers by approving a N250,000 minimum wage to match current inflation. Prince Adewale Adeyanju, President-General of the Maritime Workers…
“Deploy Water Testers to Fight Cholera, SoTLAN Tells FG. Laboratory Analysts, under the Society of Testing Laboratory Analysts of Nigeria (SoTLAN), have expressed concern over the cholera outbreak in Lagos and Ogun States. They urged the government to deploy Public…
Sultan Predicts Long Battle to End Northwest Banditry. SOKOTO—The Sultan of Sokoto, Muhammad Abubakar, stated yesterday that it would take decades to eradicate the severe security challenges in the northwest region of Nigeria. He made this declaration during the ‘Inaugural…
Sokoto Government Refutes Sultan Dethronement Plot. Sokoto government denies MURIC’s claim of planning Sultan’s dethronement, citing unchanged laws on traditional rulers. MURIC warns against any hostile action, emphasizing Sultan’s national religious role. Vice President Shettima underscores the Sultan’s institutional significance…
How quickly can a security officer buy a $500,000 home in Dubai?. Nigerians are questioning how security officers and civil servants can afford $500,000 real estate in Dubai, following reports that Nigerian politicians, civil servants, and security officers own nearly…
Dangote’s Journey to London. Aliko Dangote, a prominent Nigerian entrepreneur, has built a diverse business empire starting with a loan in 1977. He ventured into trading commodities like sugar and rice before recognizing opportunities in manufacturing, including cement, sugar, flour,…
IMTOs Gain Naira Access from CBN to Increase Remittances. The Central Bank of Nigeria (CBN) announced new measures on Monday to enhance naira liquidity and increase diaspora remittances. In a recent circular, the CBN stated that eligible International Money Transfer…