Naira Ends September at N1705/$1 in Black Market, Dealers Give Reason

Naira Records More Heartbreaking Crash Against the Dollar

The naira has again, recorded a more woeful performance against the dollar at the foreign exchange market. This comes after the recent hike in Premium Motor Spirit (petrol) pump price in Nigeria. FMDQ data showed that the naira weakened to N 1611.34 per dollar on Tuesday from N 1585.77 exchanged on Monday. This represents N25.57 […]

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NBA Begins Pro Bono Defense for #EndBadGovernance Protesters, Gives Instructions to Lawyers (video)

The Nigerian Bar Association (NBA) has instructed its branches to oversee the trials of #EndBadGovernance protesters. In response to concerns about legal representation, the NBA has also launched a Pro Bono support initiative for protesters without legal counsel. The NBA said its Citizens’ Liberties Committee (NBA-CLC) has been tasked with working closely with the Chairmen […]

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Nigeria Emerges World’s 3rd Biggest Debtor to the World Bank Agency

Nigeria has emerged as the 3rd biggest debtor to the World Bank’s International Development Association (IDA). This represents a significant increase in the country’s borrowing from the institution. According to the World Bank’s financial statements, Nigeria’s exposure to the IDA rose by 14.4% from $14.3 billion in the fiscal year (FY) of 2023 to $16.5 […]

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Labour Party Chairman Shot D3ad in Ambush

The Labour Party Chairman for Igumale Ward 1 in Ado Local Government Area of Benue State, Sunday Oche, was ambushed and k!lled by suspected herdsmen. The tragic incident occurred as he was returning from his farm alongside five others, who narrowly escaped with serious injuries. According to Daily Post, a close friend of the deceased, […]

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Petrol Pump Price: ‘How Tinubu Betrayed Us’ – NLC

The Nigeria Labour Congress (NLC) has reacted to the recent increase in the price of petrol and 3 protracted scarcity nationwide. The Labour union accused President Bola Tinubu of betraying them and Nigerians. NLC President Joe Ajaero, speaking on Tuesday, described the situation as “traumatic and nightmarish,” expressing deep concern over the ongoing confusion surrounding […]

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‘We Will Export Petrol if NNPC, Marketers Refuse to Buy From Us’ – Dangote Refinery

The Dangote Petroleum Refinery has said that its Premium Motor Spirit, popularly called petrol, will be exported if the Nigerian National Petroleum Company Limited (NNPCL) and other petroleum marketers in the country refuse to patronise it. The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, stated this on Monday while featuring […]

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SSA to Edo Assembly Speaker Shot D3ad By Unidentified Gunmen

The Senior Special Assistant to the Speaker of the Edo State House of Assembly, Samson Omoarebokhae, has been shot and k!lled by unidentified gunmen. The tragic incident occurred on August 31, 2024, near Ozalla in Owan West Local Government Area of the State. Omoarebokhae was traveling when he was ambushed and assassinated. Responding to the […]

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Petrol Pump Price Jumps to N1,200 in Kano

The price of Premium Motor Spirit (PMS) also known as petrol now sells for up to N1,200 across some filling stations in Kano as the Nigerian National Petroleum Company Limited (NNPCL) outlets adjusted pump price to N904 per litre. NNPC stations are currently inundated by long queues as the price of the commodity skyrocketed in […]

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FG Announces Plans to Increase VAT

The Chairman Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele has revealed that the federal government is planning to increase Valued Added Tax, VAT, from the current 7.5% to 10%. He stated this while speaking on Channels TV’s Politics Today. According to him, the presidential tax committee was working to consolidate multiple taxes in Nigeria […]

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Court Sets Date to Hear the Case of Suspected K!ller of Super TV CEO

The trial of the suspected K!ller Chidinma Ojukwu, will on October 15, 2024, resume at the Lagos High Court sitting at the Tafawa Balewa Square. Chidinma is the prime suspect in the murder of the Super TV Chief Executive Officer, Michael Usifo Ataga. Ojukwu, a 300-level Mass Communication student of the University of Lagos, is […]

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