The naira on Wednesday appreciated to N1,340 per dollar in the parallel market from N1,350 per dollar on Tuesday. Similarly, the naira yesterday appreciated to N1,300.43 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,300.43 per dollar from N1,382.95 per dollar…
Crisis rocks the board of the Eko Electricity Distribution Company (EKEDC) as members are in disagreements over the sack of the company’s Managing Director/Chief Executive Officer, Dr Tinuade Sanda. It was learnt that the firm replaced Sanda with Mrs Rekhiat Momoh, who was said to have taken over on Tuesday. It was gathered that Sanda’s…
Traders, who are pushing wheelbarrows at Sabon Gari market in Kano State, have taken to the streets to protest against their expulsion from the market. It was learnt that the protesters are accusing the Managing Director of the market, Abdul Bashir Hussain, of forcing them out of the market. They said the action is already…
The Federal Government has declared Friday, March 29 and Monday, April 1, 2024, as public holidays to mark the celebrations of 2024 Good Friday and Easter Monday respectively. The declaration was made by the Minister of Interior, Olubunmi Tunji-Ojo, in a statement signed by the Permanent Secretary of the Ministry, Aishetu Ndayako, on Wednesday. According…
Africa Health Report findings Wednesday, can show that contrary to a social media report making the rounds that dollar is now selling at N1,000 in Abuja, there is no such sharp decline of the value of dollar. The X post read, “This morning, at Zone 4 Abuja, along the Sheraton Hotel, the dollar is selling…
A woman simply identified as Elizabeth Davis, who lost her baby just after delivering prematurely at the Ajeromi General Hospital in the Ajegunle Area of Lagos State, has been detained by the management over her inability to settle her medical bill of N323,000. This is despite the state’s directive to all general hospitals and primary…
John Nwokocha President Bola Tinubu on Wednesday approved the establishment of the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) aimed at addressing the current economic challenges confronting the country. This was contained in a press statement issued by the Presidential spokesman, Ajuri Ngelale, a copy of which was made…
The Nigerian Army has said the soldiers killed in the Okuama community in Delta State are to be buried today (Wednesday), at the National Cemetery, Abuja. This was disclosed in a statement posted on the Nigerian Army’s X handle on Tuesday, adding that the burial will be held by 3 pm. President Bola Tinubu is…
Telecommunication companies will disconnect more Subscriber Identity Module (SIM) numbers not linked to National Identification Numbers (NIN) on Friday, March 29, 2024, the Nigeria Communications Commission has said. The Director of Public Publicity at the NCC, Reuben Mouka, told journalists a telephone call that that there would be no changes to the deadline for…
The Monetary Policy Committee of the Central Bank of Nigeria has today concluded its two-day meeting for March 2024. This meeting marks the second MPC meeting for the year 2024 and also the 294th meeting of the CBN. The MPC at the end of today’s meeting elected to hike the MPR by 200 basis points….
