Naira falls by 17% to N951/$
The naira fell by 17.91 per cent to N951.22/$ on the official Investor and Exporter forex window on Wednesday. This was as the dollar supply fell by 4.94 per cent to $135.58m from $142.63m. Data from FMDQ Securities Exchange revealed that the naira lost N144.49 against the dollar after closing trading on Tuesday at N806.73/$. […]
FG votes N50bn for student loan
The Federal Government had voted N50bn in the 2024 budget for the implementation of its student loan scheme. This was contained in the details of the 2024 budget appropriation. Meanwhile, details of how the loan scheme, unveiled by President Bola Tinubu in June, would be implemented remains sketchy. But the President gave the assurance that […]
Demolition: Court freezes Kano accounts over N30bn judgment
The Federal High Court in Abuja has granted a garnishee order nisi, against accounts belonging to the Kano State Government in 20 commercial banks in Nigeria. Justice I.E. Ekwo granted the order in a suit filed by Incorporated Trustees of Masalachi Eid shop owners and Traders Association over demolition of their shops which they described […]
New minimum wage must reflect economic realities – NLC
Ahead of next year’s negotiation of a new minimum wage for workers in the country, the Nigeria Labour Congress has said only an amount reflective of the current economic realities will be accepted. The NLC President, Mr Joe Ajaero, stated this on Tuesday in Abuja at the 19th edition of the NLC 2023 Harmattan School. […]
Retired police superintendent turns beggar in Niger
Standing tall at over six feet with a bulky build which gave away his years as a Two-Star Traffic Warden police officer, Sunday Ogwo Okpalle, now slightly bent, having lost the ramrod gait which accompanied his strides to ageing and perhaps lack of his regular routine as an officer of the law. When Arewa PUNCH […]
NPA clamps down on illegal container stripping
The Nigerian Ports Authority has issued a stern warning against the illegal stripping of containers along the port access road. The Managing Director of NPA, Mr. Mohammed Bello-Koko, in a statement in Lagos on Sunday, noted that the authority would deal with perpetrators of the unwholesome practice. Bello-Koko made this known when he paid an […]
Emirates to resume flight in Nigeria soon, says Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo has revealed that Emirates Airlines is on the verge of announcing the long-awaited date for the resumption of its flights. The minister shared this information through his official Twitter handle on Sunday. Emirates has since suspended flight operations into Nigeria because they were not able to […]
AfDB invested over $10bn in Nigeria in 52 years
The African Development Bank Group has invested over $10bn in Nigeria since 1971. The development bank made this disclosure in a statement, during the visit of the seven newly elected North West state governors, to strengthen cooperation and unlock the country’s vast agricultural potential. According to the AfDB, its active portfolio in Nigeria includes 48 […]
177 deported Nigerians violated S’Arabia visa rules – Embassy
The Embassy of Saudi Arabia, on Wednesday, said the visas of 177 Air Peace passengers from Nigeria upon Arrival in Jeddah, Saudi Arabia were cancelled for violating the country’s entry rules. The Federal Government had on Tuesday noted that according to reports it received from the Nigerian Consulate in Jeddah, Air Peace Flight No. P4-752 […]
How B’Haram was prevented from recruiting UNIMAID students – VC
The Vice Chancellor, University of Maiduguri, Prof. Aliyu Shugaba, has said he made deliberate efforts to deny Boko Haram an opportunity to recruit students from the school by refusing to shut down the university at the height of insurgency in the North-East between 2014 and 2018. Shugaba said had he succumbed to pressure and shut […]