By Seun Ibiyemi The Central Bank of Nigeria (CBN) intervened in the foreign exchange market last week, purchasing about $190 million to moderate the naira’s rapid appreciation at the official window. The move followed a strong rally by the local currency, which had appreciated significantly before retreating during the final three trading sessions that ended…
By Seun Ibiyemi The Nigerian stock market opened the week on a strong footing on Monday as investors gained N804 billion, driven by renewed buying interest in key equities. Market capitalisation rose by N804 billion or 0.64 per cent to close at N125.968 trillion, up from N125.164 trillion recorded at the start of trading. Similarly,…
By Seun Ibiyemi President Bola Ahmed Tinubu has assured state governors of his administration’s plan to establish state police, describing it as a crucial step toward curbing insecurity and ensuring the safety of Nigerians. Tinubu made the announcement on Monday night during an interfaith breaking of the fast ceremony, attended by governors from across the…
By Adeyemi David President Bola Ahmed Tinubu on Monday evening hosted an interfaith breaking of the fast with Nigeria’s State Governors, bringing together Muslim and Christian leaders as the country observes Ramadan and Lent. In his remarks, President Tinubu emphasized that beyond politics and policy, Nigerians are “first a people of conscience,” urging leaders to…
By Seun Ibiyemi The Acting Customs Area Controller of the Oyo/Osun Area Command, Deputy Comptroller of Customs (DC) Wale Adewole, on Monday paid courtesy visits to the palaces of the Ooni of Ife, Ogunsua of Modakeke, and Ataoja of Osogbo, reinforcing efforts to strengthen collaboration with communities and traditional institutions in executing the Nigeria Customs…
The Director-General of the Budget Office of the Federation, Tanimu Yakubu, has defended Executive Order 9 (EO9), stating that it does not amount to the President making new laws but rather enforces constitutional provisions on the custody of Federation revenues. Yakubu, who also serves as Secretary of the Implementation Committee on Executive Order 9, said…
By Seun Ibiyemi Sustainability has taken centre stage in Nigeria’s corporate landscape, with FirstBank of Nigeria Limited reinforcing its leadership in Environmental, Social and Governance (ESG) practices through major investments in renewable energy, financial inclusion and environmental conservation. As climate change, social inequality and economic uncertainties continue to shape global discourse, the bank said it…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it has successfully tracked and verified the execution of three borehole projects in Ondo State awarded by the National Primary Health Care Development Agency (NPHCDA). ICPC Spokesperson, Okor Odey, disclosed this in a statement on Monday in Abuja, noting that the projects were monitored…
There was palpable tension on Monday following a fire outbreak at Terminal 1 of the Murtala Muhammed International Airport, Lagos. The Federal Airports Authority of Nigeria (FAAN) confirmed the incident in a brief statement, assuring the public that emergency response teams were swiftly deployed to the scene. According to FAAN, its firefighting unit is currently…
…Boosts Lagos power capacity By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has inaugurated a new 300 MegaVolt Ampere (MVA) power transformer at its 330/132/33 kilovolts (kV) Egbin Transmission Substation in Lagos, increasing the facility’s capacity and strengthening electricity supply in parts of the state. TCN’s General Manager, Public Affairs, Mrs. Ndidi Mbah, disclosed…
