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The Central Bank of Nigeria sold $575m in May, its highest dollar sales in a single month in 2024, according to data obtained from FMDQ Securities Exchange . This amount exceeds the combined total of $151m in April and $189m in March. Despite this increase, the CBN’s sales only accounted for 6.6 per cent of […]
The Academic Staff Union of Universities has joined the ongoing strike by the organised labour comprising Nigeria Labour Congress and Trade Union Congress. This is coming after the Federal Government failed to meet the unions’ minimum wage demand. In a statement addressed to the branch chairpersons and zonal coordinators of ASUU on Monday, the association’s […]
The governor achieved this through prudent management of resources. Gov. Bassey Otu of Cross River has said that since the assumption of office on May 29, 2023, a total of ₦55 billion had been paid to offset debts and contractual obligations. Addressing newsmen at a dinner to give his administration’s stewardship, on Thursday night in […]
Nigeria may add 480,000 barrels to its daily crude oil output as the Nigerian National Petroleum Company Limited and ExxonMobil took a step towards resolving the disagreement surrounding the sale of the latter’s asset to Seplat Energy. On Thursday, the NNPCL confirmed it had signed a settlement agreement with ExxonMobil companies in Nigeria over the […]
A driver named Benalayefa Bako Asiayei has been tragically killed allegedly by an officer of the Nigeria Police Force in Bayelsa State. It was gathered that the driver was shot dead following his refusal to pay a ₦200 bribe to the cop. Reports revealed that the sad development has sparked outrage among the public and human […]
On June 12, 2023, President Bola Tinubu enacted the Access to Higher Education Act, 2023, which provides interest-free loans to financially disadvantaged students for their studies at any Nigerian university or college. The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, announced that the federal government’s student loan scheme would be extended […]
The President of the Nigerian Labour Congress, Joe Ajaero, has called for better pay, insurance cover and pension for journalists across the country. Ajaero made the call when he visited the President of the Nigeria Union of Journalists, Dr Chris Isiguzo in Abuja. He explained that while journalists played significant roles in the fight for […]
President Bola Tinubu, will Saturday, in Lagos, commissioned the newly constructed paved roads to the nation’s gateway ports in Apapa and Tin Can Island, Lagos. The commissioning is expected to bring relief to port users and operators, who had suffered great losses as a result of the bad roads and traffic problems. The situation had […]
The Federal Government has said it was unaware that billionaire Aliko Dangote’s Dangote Refineries imports its crude oil from the United States of America (US). Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), said this in Abuja on Thursday at the Ministerial Sectoral Updates to mark President Bola Tinubu’s one year in office. Lokpobiri […]
Nobel Laureate, Prof Wole Soyinka, has said that the 2023 Labour Party presidential candidate, Peter Obi, is unfit to lead the country. This, he said, had become evident with the conduct of his supporters, popularly known as ‘Obidients’, during electioneering of the 2023 general elections. He said that Obi’s failure to reign on his supporters […]
