News

Nigeria’s Official FX Turnover Falls 49 Percent to $2.71bn in One Week

Data from the Central Bank of Nigeria showed turnover fell from about $5.28 billion in the preceding trading week.

‘You Can’t Fight Corruption With Soiled Hands’ — EFCC Sacks 40 Officers, Prosecutes Five

The EFCC chairman also revealed that at least five officers are currently being prosecuted for alleged corrupt practices, while case files involving other personnel are being prepared for prosecution.

Court Halts NMDPRA Move to Shut Down Dangote Refinery, Blocks Fuel Loading Ban

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Justice Akintayo Aluko, in an interim ruling, also barred the regulator, its officers, agents and representatives from sealing, shutting down, restricting access to, obstructing, suspending, disrupting, inspecting, supervising, sanctioning or otherwise interfering with the refinery’s operations pending the determination of the substantive application before the court.

Nigerian Stocks Are Falling: 6 Factors Behind the NGX Correction

The NGX All-Share Index suffered 11 consecutive losing sessions before returning to positive territory on Thursday, August 27. The rebound continued on Friday, August 28, when the index gained 0.90 percent to close at 241,298.47 points.

Kefas Defends APC Defection, Says Taraba’s Interest Comes Before Party Loyalty

Kefas, who spoke while addressing Taraba citizens on Friday to commemorate the 35th anniversary of the creation of the state, said his move to the APC should not be interpreted as a betrayal of the people who elected him or an abandonment of the principles on which he assumed office.

Suspected Kidnapper Arrested While Collecting ₦3m Ransom In Akwa Ibom

The Akwa Ibom State Police Command has arrested a 29-year-old man, Otuekong Enoidem, suspected to be involved in the kidnapping and murder of Koffi, following his alleged attempt to collect ₦3 million ransom from the victim’s family.

Tinubu Orders Sustained Crackdown As Military Rescues 15 NYSC Members, Six Others From Kogi Kidnappers

The President, in a statement on Monday, expressed relief over the safe recovery of the victims, assuring their families and Nigerians that his administration remained committed to securing lives and property across the country.

FG, UbuntuCare Move To Take Digital Healthcare To 774 LGAs, Target Underserved Nigerians

The initiative is expected to complement government efforts to strengthen primary healthcare and advance Universal Health Coverage by using technology and community-based healthcare networks to take services beyond the conventional facility-based model.

Tinubu Is Fixing Nigeria, Insecurity Won’t Defeat Us – FG Tells Nigerians In Angola

The Federal Government has told Nigerians living in Angola that President Bola Tinubu is determined to fix the country’s security and economic challenges, assuring the Diaspora community that insecurity would not derail the administration’s efforts to reposition Nigeria.

Eno Woos South Korean Investors, Targets AI, Smart Agriculture, Blue Economy

Eno made the declaration at the Permanent Site of the University of Uyo, Nwaniba, during a public lecture delivered by the Ambassador of the Republic of South Korea to Nigeria, Ambassador Jeong Yo-an, on AI, smart agriculture and the development of blue economy resources.