Wednesday, March 19, 2025
The naira on Monday recorded gains on the parallel market, also called the black market as the new foreign exchange (FX) rule by the Central Bank of Nigeria (CBN) commenced on Monday, July 1. On the black market, the naira gained 0.66 percent as the dollar was quoted at N1,510 […]
Nyesom Wike, the minister of the Federal Capital Territory (FCT), said that Ireti Kingibe, the senator representing the nation’s capital, will not be reelected in 2027. Wike made this statement on Monday in Abuja during the flag-off ceremony for the construction of the Mabushi bus terminal. “If we have done […]
OFFICE OF THE HONOURABLE MINISTER OF WORKS PRESS RELEASE 1st July 2024 FG TERMINATES CONTRACTS WITH MOTHERCAT, DANTATA & SAWOE AND RCC COMPANIES FOR NON-PERFOMANCE ON THE DUALIZATION OF OBAJANA-BENIN ROAD; SECTIONS II, III AND IV, WARNS THAT GOING FORWARD, ALL FUNDED BUT NON PERFORMING CONTRACTS SHALL BE TERMINATED 1. […]
The National Bureau of Statistics (NBS) says two states and the Federal Capital Territory (FCT) contributed to the country’s capital importation in the first quarter (Q1) of 2024. In a report on Monday titled ‘Nigeria Capital Importation Q1 2024,’ NBS said the country recorded $3.38 billion in foreign investments, up […]
LAGOS — A drastic drop in vessel calls into the nation’s ports has plunged operations in the maritime sector into a major crisis as businesses continue to nosedive, following the forex crisis and inflation currently militating against the economy. Those affected are terminal operators, shipping companies, truckers, licensed Customs agents, and […]
As Premium Motor Spirit also known as petrol from the Dangote Petrochemical Refinery hits the local market in two to three weeks, petroleum marketers have expressed the fear that the product’s price may be higher than expected. They spoke against the backdrop of the 650,000-capacity refinery’s failed attempt to get […]
Nigeria’s new Dangote oil refinery is ramping up gasoil exports to West Africa, capturing market share from European refiners, according to traders and shipping data. According to Reuters, the $20 billion refinery is currently producing a lower grade of gasoil than anticipated as it awaits the restart of units necessary […]
Ghana Football Awards: Lookman named Africa’s Best Player Super Eagles forward, Ademola Lookman has been named ‘Best African International Footballer’ at the Ghana Football Awards. Lookman was recognised for his remarkable performance for Nigeria at the 2023 Africa Cup of Nations in Cote d’Ivoire and his Serie A club, Atalanta. […]
A former Chairman of the Special Investigation Panel for the Recovery of Public Property, Okoi Obono-Obla, has alleged that the loot recovered by his panel under former President Muhammadu Buhari were returned to the looters. He added that the Buhari administration failed to fight corruption, supposedly the bedrock of people’s trust in […]
A US-based Nigerian entrepreneur and Chief Executive Officer of Asper Online Auction, Otunba Saheed Ashogbon, has announced plans to invest $100 million in an online auto auction platform in Nigeria. Unveiling his plans to the media in Lagos, Ashogbon, who has lived in the US for over 30 years, explained […]