The death toll from a devastating shipwreck off Italy’s southern coast rose to 64 on Tuesday, while three men were in detention accused of human trafficking, officials said. The “alleged smugglers” held following Sunday’s shipwreck of a boat loaded with…
In this interview with Deputy Business Editor of Nigerian NewsDirect, Mr Mathew Ibiyemi, the Director General/CEO of the National Identity Management Commission (NIMC), Engr Aliyu A. Aziz highlights the transformational approach he has undertaken in reinventing NIMC into a 21st…
By Ismail Omipidan “These elections have not lived up to the hopes and expectations of the Nigerian people and the process cannot be considered to have been credible.” The above quote from Chief EU observer Max van den Berg, in…
By Olumide David The naira currency fell by 0.18 percent against the dollar as the foreign exchange recorded low liquidity. After trading on Monday, the naira/dollar exchange rate closed at N462/1$ as against N461.17/1$ closed on Friday at the Investors…
The Central Bank of Nigeria analysis showed that the total amount of currency-in-circulation in the country dropped from N3.29tn as of the end of October 2022 to N1.38tn as of the end of January 2023. Figures obtained from the CBN…
The exchange rate between naira and US dollar at the black market depreciated on Tuesday by 0.26 per cent to trade at an average of N760/$1, from N750/$1 recorded in the previous session In the same vein, the naira depreciated…
By Sodiq Adelakun Some women on Tuesday barricaded the major entrance road to the International Conference Centre (ICC) Abuja, venue of the National Collation Centre, venue for the national collation of presidential election, over alleged irregularities. The women had threatened…
The Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Tuesday, February 28, 2023, secured the conviction and sentencing of Transport and Port Management System Limited (TPMS) a company owned by the late Beninoise business mogul, Jean…
German liner major. Hapag-Lloyd has signed a multi-year agreement for the supply of Liquefied Natural Gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construction at the South…
Nigerian Exchange Ltd. (NGX) and Pan African Payments Settlement System (PAPSS) on Tuesday signed a Memorandum of Understanding (MoU), to integrate the payments system that would boost cross-border securities transactions across African capital markets. The MoU was signed in a…
