The Naira on Monday depreciated to N1,415 per dollar in the parallel market, from N1,410 per dollar. The local currency also depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,416.57 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,416.57 per dollar from N1,354.21 per dollar on Monday, indicating N62.36 depreciation for the naira. Consequently, the margin between the parallel market and NAFEM rates narrowed to N1.57 per dollar from N55.79 per dollar on Monday. Following the latest depreciation, operatives from the Economic and Financial C ..read more

The House of Representatives has given an ultimatum to Dangote Cement, BUA, Lafarge Ashaka and other cement manufacturing companies in Nigeria. It gave the companies 14-day ultimatum to appear before it to make their submissions over the arbitrary increases in the price of the commodity nationwide. The Chairman, House Committee on Solid Minerals, Mr Gaza Gbefwi, gave the directive at a public hearing to investigate the arbitrary increase in the price of cement in Nigeria by cement manufacturers, organised by House Joint Committees on Commerce, Industry, Special Duties and Solid Minerals on Tue ..read more

Popular Nigerian comedian and TV host, Teju Oyelakin, also known as Teju Babyface, has spoken about his relationship with actress, Mercy Aigbe. He revealed that when they were both University of Lagos, he had a serious crush on Mercy Aigbe. READ ALSO: “To BALL You Need 7-15M” – Moet Abebe Insists One Should Have Nothing Less Than N7m To Club, Shares Receipt of Her Outing Teju mentioned that although Mercy Aigbe used to like him a lot, their relationship didn’t work out because he was two years older than her. The King of Talk also mentioned that he used to treasure a photo he had of hims ..read more

According to multiple media reports, Microsoft is considering shutting its African Development Centre in Lagos State. This move, if confirmed, would mean that at least 200 staff would be out of a job. It would also have profound implications for the country’s technological landscape, potentially impacting job opportunities and innovation in the sector. READ ALSO: Nigeria Is A Very Poor Country, Our Wealth Is Overestimated – Bayo Onanuga According to industry insiders who spoke tothe media on Tuesday, May 7, Microsoft informed staff on Monday, May 6, of the closure plans. Affected employe ..read more

President Bola Ahmed Tinubu has arrived at the nation’s capital, Abuja, after spending two weeks abroad. Tinubu arrived at his official residence at the Aso Rock Villa, Abuja, in the early hours of Wednesday. In a tweet on Tuesday evening, Tinubu’s Special Adviser on Information and Strategy, Mr. Bayo Onanuga, revealed, “President Bola Tinubu, along with his aides, will return to Nigeria tomorrow from Europe.” Two weeks ago, on April 23, 2024, the President departed Abuja for The Netherlands for a three-day official visit, honouring an invitation from the Dutch Prime Minister, Mark Rutte ..read more

Former presidential candidate of the Labour Party, LP, Mr Peter Obi, has criticised the newly introduced cybersecurity levy. He said President Bola Tinubu’s government is only interested in milking a dying economy instead of nurturing it to recovery and growth. READ ALSO: Nigeria Is A Very Poor Country, Our Wealth Is Overestimated – Bayo Onanuga Obi accused the government of coming up with policies that not only impoverish the citizens but also make the country’s economic environment less competitive. According to him, the imposition of a Cybersecurity Levy on Nigerians will further erode ..read more

A former Minister of Communication, Adebayo Shittu, has alleged that the Buhari-led administration was marred by manipulations and fraudulent approvals. Recall that presidential spokesman, Ajuri Ngelale, had also said many approvals for releasing funds within the Central Bank of Nigeria (CBN) under Godwin Emefiele did not have Buhari’s signature. READ ALSO: Nigeria Is A Very Poor Country, Our Wealth Is Overestimated – Bayo Onanuga During an interview on Tuesday, Shittu said many persons close to Buhari manipulated things to their favour, plunging the country’s economy into a downward slid ..read more

Popular actress, Judy Austin reveals that Yul Edochie is her biggest blessing as she rains words praise on him. The movie diva took to her social media to sing praises of her husband as she shared some of his dashing photos. She described Yul as her protector, her life, her warrior and her biggest blessing in life. Judy Austin also stated that her husband, Yul Edochie, is the most handsome man alive. READ ALSO: Yul Edochie Celebrates Birthday Of Second Son With Judy Austin She wrote: “Blessing your time line today with an Angel. ISI MMILI JI OFOR. @yuledochie Eze Dike 1 of Nteje. Nwachin ..read more

The crisis rocking the Kogi State Chapter of the People’s Democratic Party (PDP) has reached a high point as 13 chairmanship aspirants on Tuesday rejected the consensus candidate to lead the party in the state. A committee comprising of former governors and party leaders had endorsed Mr Enemona Anyebe as the consensus candidate for the PDP chairmanship position in the state. Addressing a press conference in Lokoja on Tuesday, the spokesperson, forum of Kogi state PDP chairmanship aspirants Aruwa Ismaila, said the purported endorsement of Anyebe as the party’s consensus candidate for the offic ..read more

The Joint and Matriculation Board (JAMB) has released an additional 531 results of the 2024 Unified Tertiary Matriculation Examination (UTME), bringing the total number of results released to 1,842,897. As promised, the Board has proceeded with the screening of over 64,000 withheld results. Also, in the course of the exercise, other cases of examination misconduct were also established to make a tally of 92 from the 81 initially discovered. According to a press statement by JAMB Public Communication Advisor (PCA), Dr. Fabian Benjamin, on Tuesday, the Board said it was also looking at cases of ..read more