The Naira on Monday appreciated at the official market, trading at N1,607.15 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, showed that the Naira gained N9.93. This represents a 0.61 per cent gain when compared to the previous trading date…
President Bola Tinubu is currently meeting behind closed doors with heads of security and paramilitary operatives under the aegis of National Security Council. The meeting is holding at the President’s office, presidential Villa, Abuja. The Chief of Defence Staff, CDS, General Christopher Musa is leading the service Chiefs and other military and paramilitary heads to…
By Oluwabusayo Oyinloye Chairman, Nigerian Institution of Estate Surveyors and Valuers, Oyo State Branch, Adebayo Oluseyi has urged Nigerians to contact a registered professional for any transaction concerning landed properties. ESV. Adebayo made this known after featuring on Pensioners’ FM Programme, Mid-Morning Extra. According to ESV. Adebayo, only a registered and licensed Estate Surveyor and…
The Nigerian Communications Commission, NCC, has issued new guidance requiring telecommunication operators to provide clear and detailed information to subscribers about how they are being charged for calls and data usage. This is contained in a statement by the NCC Director, Public Affairs, Reuben Muoka, on Monday in Abuja. Muoka said the directive, titled ‘Guidance…
By Babatunde Tiamiyu In bid to play his own part to lessen the hardship of nation’s economic situation on his subjects, especially at the grassroot, the Sabiganna of Iganna Kingdom, Oba Saliu Azeez, held a special meeting with various groups. The groups including market women, motorcyclists, spare part dealers, pepper sellers, Hausa vendors, Igbo vendors,…
The Nigeria Labour Congress, NLC, has urged governors who are unable to meet the new N70,000 minimum wage to step down from office. This comes in response to the Gombe State Governor, Inuwa Yahaya, who recently stated that his administration could not afford to pay the newly established national minimum wage. Governor Yahaya, who also…
Nigeria’s total debt stock has been projected to increase to N130 trillion by December this year from N121.67 trillion in the first quarter of 2024. Afrinvest disclosed this in its recent report, titled, ‘Bank Recapitalisation, Catalyst for a $1tn Economy’. The investment management company said its projections come amid concerns about the country’s debt-to-gross domestic…
By Micheal Adeyemo In a bid to address the demand of the #EndBadgovernance protesters, federal government has been advised to reverse fuel subsidy, suspend floating of the naira and reduce the cost of governance. This was the position of two Public Affairs Analysts, Barrister Kunle Abimbola and Mr Ayodeji Ajisope, while reacting to the ongoing…
The Nigerian Education Loan Fund (NELFund), says it has disbursed more than N2 billion in institution fees to 6 students in schools across the country. The spokesman of the Fund, Nasir Ayitogo, in a statement in Abuja, said that 22,120 students have so far benefited from the exercise. According to Ayitogo, the gesture is in…
The Nigerian military has said it will intervene if violence recorded in some states in the ongoing nationwide protest tagged #EndBadGovernance in Nigeria escalates. The Chief of Defence Staff, Gen. Christopher Musa, during a press conference in Abuja, said the military would step in to control the looting and violence being witnessed in some parts…