The Central Bank of Nigeria has granted temporary permission to Bureau de Change operators, to purchase up to $25,000 in foreign exchange weekly from the Nigerian Foreign Exchange Market, which was launched earlier this month. The arrangement will be in effect from December 19, 2024, to January 30, 2025. A circular dated December 19, 2024, […]
OIL marketers lifting the Premium Motor Spirit, PMS, also known as petrol from Dangote Petroleum Refinery, have slashed the price of the product by 11.8 per cent to N939.50 per litre, from N1,060 per litre. As of yesterday, the oil marketers were still selling petrol at N1,060 per litre, based on Vanguard’s checks in Lagos […]
Over 40 million people across West and Central Africa are struggling to feed themselves during the 2024 post-harvest season. A statement released by the United Nations World Food Programme on Friday said the number is set to rise to 52.7 million by mid-2025, including 3.4 million people facing emergency levels of hunger (IPC/CH Phase 4). […]
The Nigerian Army Council has approved the promotion of 108 senior officers to the Major-General and Brigadier-General ranks. According to a statement on Friday by the Director of Army Public Relations, Maj-Gen. Onyema Nwachukwu, the list includes 35 Brigadier Generals elevated to Major-Generals and 73 Colonels promoted to Brigadier-Generals. Among the newly promoted Major-Generals are […]
The Securities and Exchange Commission has directed all publicly listed companies to publish their financial statements on their official websites effective January 2025, emphasising the importance of transparency and timely disclosure. In a circular issued on Thursday, the SEC warned that non-compliance with the directive would attract sanctions. According to the Commission, the directive aims […]
A High Court sitting in Akwukwu-Igbo Oshimili North Local Government Area of Delta State has sentenced one Obinna Eze to death for killing a six-month-old boy, Chimaobi Igwe. The court presided over by Justice Marcel Okoh convicted and sentenced Obinna Eze to death by hanging on Thursday. The defendant was arraigned before the Court on […]
A fire incident has claimed the lives of a husband, his wife, and their grandson in the Ori-Eru, Idikan area of Ibadan, Oyo State. The tragedy, which affected a storey building, occurred in the early hours of Friday, according to the News Agency of Nigeria. The General Manager of the Oyo State Fire Services Agency, […]
The Appeal Court sitting in Enugu on Friday, sacked Sen.Samuel Anyanwu as People’s Democratic Party National Secretary and declared Rt.Hon.Ude Okoye as the new national secretary of PDP to complete the remaining tenure created by the automatic vacancy in the office when Anyanwu left as the national secretary to run for governorship. The Appeal Court […]
Clsim An X user, @jimNjue, claimed that Liberia’s protesters ( Gen Z) have completely burnt down their Senate & Parliament buildings. Verdict This claim is UNPROVEN. A credible news report confirmed a fire broke out in the Parliament building in Monrovia on Wednesday. However, the origin of the outbreak was unclear. Full Text Since the beginning of […]
A magistrate court in Ado-Ekiti has granted N30 million bail to Dele Farotimi, human rights activist. Abayomi Adeosun, the magistrate, ruled on Farotimi’s bail application on Friday. The bail conditions include two sureties, who are responsible citizens in the society, with the defendant asked to leave his international passport with the court. Farotimi would also […]
