The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs) to sell their excess dollar stock latest February 1, 2024, as part of moves to stabilise the nation’s volatile exchange rate. In a new circular released on Wednesday, the apex bank also warned lenders against hoarding excess foreign currencies for profit. Titled, […]
Bandits, on Thursday, abducted a director in Federal Housing Authority, Federal Capital Territory, identified as Aondo Ver, from his home, during an attack about 200 metres close to a military base in Pambara in the Bwari Area Council of Abuja. The bandits who struck around 12.30am on Thursday, shot indiscriminately, causing panic in the […]
It is estimated that about 70.92 million Nigerians are in extreme poverty, according to the World Poverty Clock.The figure translates to 11 per cent of the world’s extreme poor. This means that, at least, one out of every 10 extremely poor people live in Nigeria. It would be recalled that the National Bureau of […]
The World Health Organization’s emergencies director Michael Ryan has said that Gaza is suffering under constraints on humanitarian aid, according to Qatar broadcaster Al Jazeera. Israel has consistently stymied aid delivery efforts in Gaza, where severe hunger is widespread and the risk of famine continues to grow. “This is a population that is starving […]
The naira, on Wednesday, crossed the N1,500 mark at the parallel section of the foreign exchange (FX) market. The value of the naira fell to N1,530 against the dollar — an all-time low in the parallel market. This is a 4.08 percent decline compared to the N1,470/$ reported the previous trading day. Currency traders, […]
A judicial drama played out on Wednesday when a court issued an order granting permission to the police to arrest Edison Ehie, chief of staff (CoS) to Siminalayi Fubara, governor of Rivers and another one ruled against his arrest. Emeka Nwite, judge of a federal high court in Abuja, granted an ex parte application […]
Men of Ondo Police Command have arrested a 22-year-old man, Bakare Ayobami, for allegedly buying a car with fake bank alert. The Public Relations Officer of the Command, SP Funmilayo Odunlami-Omisanya, made this known in a statement on Wednesday in Akure, the state capital. The Police Spokesperson disclosed that on October 26, 2023, a […]
The Household of David church in Surulere Street, Adeniyi Jones in the Ikeja Local Government Area of Lagos State has lost its multi-million naira church auditorium to a fire incident that gutted the church building. PUNCH Metro gathered that the incident occurred at about 10:00 am on Wednesday. Confirming the incident to our correspondent […]
An investigator from the Independent Corrupt Practices and Other Related Offences Commission, Lucy Ogechi, said a forensic analysis of the phone belonging to the suspended Dean of the Faculty of Law at the University of Calabar, Cyril Ndifon, revealed that he had several nude pictures from various contacts. The professor and his lawyer, Sunny […]
Over 30 bodies were said to have burnt to ashes after a tanker suspected to be used by oil bunkers exploded in the forest of Obitti, Ohaji/Egbema Local Government Area of Imo State. It was gathered that the tragedy occurred Tuesday at the place described as Ndorama pipeline right of way in the Obitti […]
