CBN Slashes Customs Exchange Rate by 1.5% For the second time in seven days, the Central Bank of Nigeria (CBN) has slashed the exchange rate for computing Customs duties at the nation’s seaports and airports from N1,617.96/$1 to N1,593.41/$1 representing 1.5% reduction. The slash, analysts argued, was as a[Read More…]
Experts express optimism as Nigeria’s Foreign Reserves Hit $34.416 President Bola Ahmed Tinubu’s foreign exchange reforms appear to be yielding the desired result. This is because Nigeria’s foreign exchange reserves hit $34.416 billion, the highest in nine months. The previous recent highest was $34.449 billion on June 20, 2023,[Read More…]
FG releases N12.7bn for prepaid meters in army barracks nationwide Minister of power, Adebayo Adelabu, has said that the federal government has released N12.7 billion to provide meters in army barracks across the country. Adelabu said the amount is from the N40 billion earmarked for the mass metering project,[Read More…]
APC picks Idahosa as Edo deputy governorship candidate After a bitter governorship primary of the All Progressives Congress (APC) in Edo state, leaders of the party have settled for Dennis Idahosa as deputy governorship candidate. The primary election had split the APC into two fractious groups. Those for Monday Okpebholo,[Read More…]
At Polaris Bank IWD Webinar, Guest Speakers Advocate Empowering Opportunities for Women …as CEO, Kayode Lawal highlights the indispensable contributions of women to societal progress, economic development Polaris Bank’s International Women’s Day (IWD) webinar themed: ‘Empowering Voices: Women Leading Change,’ offered a dynamic platform for insightful conversations. [Read More…]
Perm Sec Speaks on Nigeria importing yam from China The Permanent Secretary, Federal Ministry of Agriculture and Rural Development (FMARD), Ernest Umakihe, has said that Nigerians may soon be importing yam for local consumption from China. Umakihe who was speaking at a Stakeholders Workshop on Repositioning Yam as[Read More…]
SSANU, NASU begin strike Today over withheld salaries The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union (NASU) have begun a strike action across various institutions in the country. Both unions are demanding the release of the four-month salaries of members withheld during an eight-month strike[Read More…]
Tinubu appoints Dennis Otuaro as administrator of amnesty programme President Bola Tinubu has appointed Dennis Otuaro as administrator of the Presidential Amnesty Programme (PAP). Ajuri Ngelale, special adviser to the president on media and publicity, said in a statement that “Otuaro holds a PhD in Comparative Politics &[Read More…]
Northern Senators Appoints Yar’Adua as Chairman in replacement of Ningi Members of the Northern Senators’ Forum (NSF) on Thursday appointed Sen. Abdulaziz Yar’Adua as the replacement for Sen. Abdul Ningi as the Chairman of the group. Yar’Adua, a younger brother to the late President Umar Yar’Adua, hails from[Read More…]
NBS says Nigeria’s inflation climb 31.70% in February Nigeria’s inflation rate rose to 31.70 per cent in February from 29.90 per cent recorded in January 2024. This figure indicates an increase of 1.80 per cent, the National Bureau of Statistics said in its latest CPI and inflation report released on[Read More…]
