Nigeria’s external reserves increased to $35.05 billion on July 8 — the highest since May 30, 2023.
According to data from the Central Bank of Nigeria (CBN), the foreign reserves rose by $280 million from $34.77 billion on July 5.
TheCable Index observed that the country’s foreign reserves recorded steady increases in July — reaching the...
The federal government has officially announced the suspension of duties, tariffs, and taxes on the importation of food commodities.
Abubakar Kyari, minister of agriculture and food security, announced the development in a post on social media on Wednesday, detailing the federal government’s measures to address the high food prices currently affecting the nation.
Part of the measures,...
The embattled leader of the Indigenous People Of Biafra (IPOB), Mazi Nnamdi Kanu, has reportedly agreed to finally give up Biafra agitation if the ongoing political horse trading over his release pans out well, a source involved in the negotiation authoritatively told TM.
The DSS is holding Mr Kanu, a dual...
Ifeoma Ogbonnaya, an Assistant Manager at Zenith Bank Plc, on Tuesday, July 9, told an Ikeja Special Offences Court how the former Central Bank of Nigeria (CBN) Governor Mr Godwin Emefiele allegedly transferred millions of naira to his wife, Margaret.
She explained that Emefiele used the bank to move multimillion-naira...
The Nigerian Customs Service has impounded another cache of arms and other military items illegally imported into the country from Turkiye through the Murtala Muhammed International Airport in Lagos.
Fifty-five pieces of unassembled Jojef Magnum (Tomahawk) semi-automatic shotgun and other military and para-military hardware and accoutrement were discovered on Wednesday,...
The embattled leader of the proscribed Indigenous People Of Biafra, Nnamdi Kanu has said he is ready to comply with conditions set for his release by the federal government of Nigeria.
This was disclosed by the lawmaker representing Abia-South in the red carpet chamber, Senator Enyinnaya Abaribe on Wednesday when...
No fewer than 2.1 million persons aged between 15 and 64 years in the South-South region, use psychoactive substances, the National Drug Law Enforcement Agency, NDLEA, has said.
Stella Ngwoke, the Commander, NDLEA command in Port Harcourt Ports, made the disclosure in Onne on Wednesday at an event to mark...
The federal government has announced that releasing skits, films, or music videos without obtaining classification from the National Films and Videos Censors Board (NFVCB) is an offense.
Shaibu Husseini, the board’s executive director, emphasized the importance of enhancing video content classification in Nigeria. In a statement released on Wednesday, June...
Details of how President Bola Tinubu’s administration reportedly spent a whooping sum of N244,654,350 on the purchase and supply of tyres in a single day have emerged.
An investigation and data gathered from GovSpend, a portal documenting Presidential Villa expenditures, according to Dailytrust, revealed that the State House made payments...
The embattled leader of the Indigenous People Of Biafra, Nnamdi Kanu has expressed willingness to negotiate with the Federal Government under section 17 of the Federal High Court Act.
This was disclosed during proceedings at the Federal High Court in Abuja on Wednesday.
Speaking through his lead counsel, Alloy Ejimakor, Kanu...
New evidence has come to light regarding the theft of $6.2 million from the Central Bank of Nigeria (CBN) on February 8, 2023.
According to court documents, the stolen funds were shared among several individuals, including CBN officials and two outsiders, Adamu Abubakar and Imam Abubakar.
The documents, which were sighted...
The new Senegalese government has unveiled measures to reduce the price of rice, oil, bread, and other basic items to address cost-of-living concerns amid high unemployment and inflation.
The country's budget Minister Cheikh Diba confirmed the development.
Recall that President Bassirou Diomaye Faye, who won the March election, vowed during the...
The National Bureau of Statistics, NBS, says Nigeria’s headline inflation rate increased to 33.95 per cent in May 2024.
The NBS said this in its Consumer Price Index, CPI and Inflation Report for May, which was released on Saturday in Abuja.
According to the report, the figure is 0.26 percent points...
The Abia State Government has placed a N25m bounty on the killers of five soldiers in the Aba area of the state on Thursday, May 30.
TEM earlier reported that unknown gunmen on Thursday attacked the military unit at Obikabia Junction, Ogbor Hill area, killing the five soldiers and setting...
In a landmark achievement, Nigeria’s Dangote refinery has exported its first shipment of jet fuel to Europe, marking a significant milestone in the global energy market.
The 45,000-metric-ton cargo, transported by BP’s Doric Breeze, signals the refinery’s rapid expansion into the international market.
This breakthrough comes after the refinery’s successful export...
The Indigenous People of Biafra (IPOB) has reiterated that the freedom of its leader, Nnamdi Kanu, will lead to peace in the Southeast region.
This assurance comes after Ohanaeze Ndigbo Worldwide President General, Chief Emmanuel Iwuanyanwu, visited Kanu in detention.
In a statement issued on Saturday, IPOB’s Media and Publicity Secretary,...
President Bola Tinubu to the chagrin of spectators on Wednesday, signed the National Anthem Bill 2024 into law.
The bill however, seeks to reinstate the old anthem, “Nigeria, We Hail Thee.”
What are the lyrics to Nigeria We Hail Thee?
Nigeria, we hail thee,Our own dear native land,Though tribe and tongue may...
Dangote Refinery in Lagos is looking to purchase millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges that Africa’s largest producer faces in lifting its own oil output.
The refinery, built by Africa’s wealthiest individual, Alhaji Aliko Dangote,...
As predicted by many, the entry of Nigeria’s major carrier, Air Peace, into the lucrative Lagos-London route has not only triggered a price war and ground operations politics at the London end but also sparked an international media attack aimed at removing the Nigerian airline from the once monopolized...
The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, has published a 48-hour contravention notice to owners of properties built on the Right-Of-Way of drainage channel in Jakande Estate, Oke-Afa, Isolo.
He shared the notice on his official X handle on Monday, May 14.
Recall that while the demolition...
The UK government’s new policy regarding dependents accompanying international students has kicked off.
Only international students enrolled in a Doctor of Philosophy (PhD) program are eligible to sponsor dependents into the UK.
This change, implemented earlier this year, aims to address concerns about the increasing number of foreign students bringing dependents...
At the University of Jos, where we studied general and applied psychology as undergraduates, we learned about an intriguing experiment involving a white rat and a boy called Little Albert. The white rat was repeatedly associated with loud noise, so Little Albert was classically conditioned to become afraid of...
The Economic and Financial Crimes Commission (EFCC) has filed a fresh charge against Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN).
In the four-count charge, the anti-graft agency accused Emefiele of approving the printing of N684,590,000 notes at the rate of N18.96 billion.
In the fresh charge filed,...
The Federal Government has launched a new platform aimed at strengthening the efficiency and transparency of its import duty exemption programme.
The Incentive Monitoring and Evaluation Platform (IMEP) will be integrated into the existing Import Duty Exemption Certificate (IDEC) programme, according to Minister of Finance and Coordinating Minister of the Economy, Mr....
The Economic and Financial Crimes Commission (EFCC) has frozen over 300 accounts suspected to be involved in criminal foreign exchange (FX) transactions.
Mr Ola Olukoyede, the chairman of the anti-graft agency disclosed this on Tuesday.
While addressing newsmen in Abuja, Olukoyede said that the commission has discovered another worse scheme other...
Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre.
While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market...
The sum of N90 billion has allegedly been released by the federal government to subsidise the 2024 pilgrimage to the Kingdom of Saudi Arabia.
A source at the National Hajj Commission of Nigeria (NAHCON) told Daily Trust that without this intervention, each of the intending pilgrims would have been requested...
As part of his administration’s effort to cut down the cost of governance, President Bola Tinubu has reportedly expressed willingness to auction three presidential Air Fleet.
The fleet currently consists of ten aircraft, six jets and four helicopters which will be reduced to seven if the planned action is carried...
The burial ceremony for the 17 military personnel killed in Delta State is underway.On March 14, military personnel comprising four officers, and 13 soldiers were gruesomely murdered by some irate youths in the Okuama community during a peace mission.
Here are their profiles as contained in the programme of events...
The Defence Headquarters has declared 97 persons wanted for terrorism, violent extremism and secessionist threats against the state.
The Director, Defence Media Operations, Major Gen Edward Buba, confirmed the names and pictures of the people declared wanted in a statement released in Abuja on Friday night, March 22.
The wanted persons,...
Kanunta Kanu, younger brother of Nnamdi Kanu, the embattled leader of the Indigenous People of Biafra (IPOB), has said Barrister Ifeanyi Ejiofor and Mike Ozekhome (SAN) received the whooping sum of $80,000 for Kanu’s case.
He disclosed this in a post on his official X handle on Wednesday night.
Kanunta Kanu’s...
Nigeria has lost about 15,000 to 16,000 doctors to the Japa syndrome (migration) in the last five years.
The Coordinating Minister of Health and Social Welfare, Prof Ali Pate, disclosed this on Sunday, March 10, when he appeared on Channels Television’s Politics Today.
Pate said the brain drain syndrome has robbed...
Odoh Eric Ocheme has been revealed as one of the suspects wanted for allegedly forging former President Muhammadu Buhari’s signature to effect the disbursement of $6,230,000 by the Central Bank of Nigeria (CBN).
Naija News understands that Ocheme, who served as Emefiele’s personal assistant, is wanted by the International Criminal...
After 54 years, General Yakubu Gowon makes a shocking confession on live TV, admitting he started the Nigerian-Biafran Civil War.
In a revealing statement, Gowon opens up about the misconceptions surrounding the war’s origins, surprising many with the revelation that he initiated the conflict as the Nigerian Head of State.
This...
The Central Bank of Nigeria (CBN) governor Yemi Cardoso says over $26 billion has passed through the crypto app Binance Nigeria in the last one year.
Cardoso said this on Tuesday after the MPC meeting in Abuja.
“In the case of Binance, in the last one year, 26 billion dollars has...
With the introduction of 15 air-conditioned 60-seater luxury buses fitted with free wi-fi in Abuja yesterday, Minister of the Federal Capital Territory, Chief Nyesom Wike has begun a repositioning process for intra-city transport needs of Abuja residents, the Director of FCT’s ‘Transport For Abuja’ project, Dr. Yakubu Terry has...
If members of the House of Representatives have their way stop sports betting said to be a pastime of 60 million young Nigerians may soon become a thing of history in the country.
This followed a resolution by Rep. Kelechi Nwogu (PDP-Rivers) at the plenary in Abuja on Thursday.
The lawmaker...
Troops from 93 Battalion under 6 Brigade of the Nigerian Army have arrested a female kidnapper, Janet Igohia, while trying to collect a ransom paid by relatives of an abducted victim in Taraba State.
Also, a gunrunner dealing in arms and ammunition and supplying them to criminals within the State...
TKJ (not real name), the Independent Corrupt Practices and Other Related Offences Commission, ICPC’s star witness, on Tuesday, stated that Prof. Cyril Ndifon, the suspended Dean of Faculty of Law, University of Calabar, UNICAL, pressurised her to trade her virginity in exchange for an admission into the institution.
TKJ, who...
Long standing ride hailing concern, Uber, may have been excluded from operating within the vicinity of Nigeria’s capital, Abuja, after a new list of licensed operators were released late Monday this week, DDM can report.
The move is part of the much anticipated overhaul of public transport in Nigeria’s national capital promised...
After the board determined that Vivendi’s (VIV.PA) offer substantially undervalues the company, MultiChoice Group (MCGJ.J), a South African company, announced on Monday that it will not be pursuing further negotiations with the company.
Leading MultiChoice shareholder Canal Plus made an offer on Thursday to buy each MultiChoice share that it...
The Nigerian Communications Commission (NCC) said SIM cards that are yet to be linked to the National Identity Numbers (NIN) will be deactivated by the end of February.
NCC Executive Vice Chairman/Chief Executive Officer, Aminu Maida, disclosed this during a meeting with journalists on Tuesday, Feb. 6.
"By the end of...
Following apparent breakdown in negotiations with an ECOWAS delegation, the coup leaders of Niger Republic have severed diplomatic relations with the United States, France, Nigeria, and Togo.
They announced on National television that the contract of their Ambassadors in those countries have been terminated.
In a quick response Paris said only...
The Lagos State Government, through its Environmental Protection Agency, LASEPA, has closed at least six churches in the state due to noise pollution concerns.
The affected churches include the Redeemed Christian Church of God (RCCG), Dominion City Church, Red Bar, Farm City, The Odyssey Apartments, Acuma Event Centre, and Fortunes...
Mr Daniel Bamidele, a 20-year-old man suspected to be a Yahoo Boy, has been arrested in Oyo State.
The he was nabbed after stabbing his parents on Thursday, January 25.
The Nation reported that Daniel’s mother, Titilayo, reportedly ran out of their home in Apabielesin area of Ibadan, Oyo State with...
According to a unified announcement, the military authorities of Niger, Mali, and Burkina Faso are leaving ECOWAS immediately.
In a joint statement shown on Niger national television on Sunday, the military administrations of the two nations declared their intention to leave the regional alliance.
The Economic Community of West African States...
Founder of iReign Christian Ministry Sentenced to Life Imprisonment for Rape
Feyi Daniels, the founder of iReign Christian Ministry, has been sentenced to life imprisonment for raping a female church member in 2020.
An Ikeja Sexual Offences and Domestic Violence court found the Lagos-based cleric guilty of rape and sexual assault.
According...
Nigeria’s stock market toppled Argentina’s stock to emerge as the world’s best market on Wednesday.
The development comes as the Nigerian Exchange Limited continues its bullish run on Wednesday as the All-Share Index appreciated by 2.38 per cent to close to reaching a historic 90,063.25 points from Tuesday’s 87,970.37 points.
From January 15 and 17...
The Nigeria Police Force has dismissed two of its personnel, Sunday Adetoye and Ogunleye Stephen, over alleged corruption and robbery.
Naija News understands that the two Inspectors who were assigned to Zone 2 Command Headquarters in Onikan, Lagos, were labelled with offences including armed robbery, official corruption, and illegal duty.
The Assistant Inspector-General of Police in charge of...
The Minister of Interior, Dr Olubunmi Tunji-Ojo, will today (Monday) launch the first online portal for passport application in Abuja.
He disclosed this during a demonstration session of the online portal on Friday with the Comptroller General, Nigeria Immigration Service, Caroline Adepoju.
According to Tunji, an online passport application platform has been established...
Former Sierra Leone President Ernest Koroma has been charged with treason.
According to a statement shared by the Sierra Leone Minister of Information and Civic Education, Chernor Bah, the former president is being charged for his alleged involvement in the failed coup attempt of November 2023.
Mr Koroma was charged with four offences, including treason...
The Economic and Financial Crimes Commission (EFCC) has launched an investigation into the forex transactions of some companies in the country.
The companies are being investigated for the forex allocations they got during the tenure of Godwin Emefiele as governor of the Central Bank of Nigeria (CBN), Naija News understands.
Some of the...
The Community Court of Justice of the Economic Community of West African States (ECOWAS), sitting in Abuja, has ordered the government of the Republic of Benin to pay Yoruba nation activist Chief Sunday Adeyemo, popularly known as Sunday Igboho, a sum of 20 million CFA within three months for...
The much talked about $19 billion Dangote Refinery located in Lagos State on Thursday, received its first tanker of crude oil feedstock volume of about one million barrels from the Nigerian National Petroleum Company Limited (NNPC).
The tanker was chartered by state-owned Nigerian National Petroleum Company (NNPC).
An S&P Global Commodity...
The Central Bank of Nigeria (CBN) said accounts without a bank verification number (BVN) or national identification number (NIN) will be restricted from April 2024.
In a circular released on Friday, December 01, 2023, the apex bank stated that a BVN or NIN verification will be carried out shortly, stating...
The Federal Housing Authority (FHA) has disclosed plans to completely demolish 677 houses, while 744 others will be partially demolished over infringement by a developer in Phase 2, Festac Town, Amuwo-Odofin area of Lagos State.
FHA’s South-West Zonal Manager, Mr. Akintola Olagbemiro, disclosed this during a visit to the affected area to assess...
