Lexus electric 3-row SUV, defender SVX
Lexus is known to be working on a three-row electric SUV and a trademark filing suggests it will be called the TZ. The Lexus Electrified SUV concept shown in late 2021 previews the SUV, a model that is key to…
July 2023
NASENI, AFIT strengthen ties on AAVDI, made-in-Nigeria helicopter
The Executive Vice Chairman/Chief Executive Officer, National Agency for Science and Engineering (NASENI) Dr. Bashir Gwandu has called for stronger collaboration with the Air Force Institute of Technology (AFIT), Kaduna, Kaduna State for the smooth take-off of the permanent site…
Makinde eulogises late PDP Chieftain, Adagunodo
…Promises to name new PDP zonal office after him Governor of Oyo State, ‘Seyi Makinde, on Thursday, eulogised the late National Vice Chairman (South-West) of the Peoples Democratic Party (PDP), Hon. Olasoji Adagunodo Oluwatukesi, describing him as a stabiliser, who…
Governor Makinde appoints Special Advisers, Internal Revenue Board Chair, others
Oyo State Governor, ‘Seyi Makinde, has approved the reappointments of retired Commissioner of Police, Mr. Fatai Owoseni and former chairman of the Nigeria Labour Congress (NLC), Oyo State chapter, Comrade Bayo Titilola-Sodo, as Special Advisers on Security and Labour Matters,…
11 individuals in contention for $100,000 NLNG Literature Prize
The Advisory Board for The Nigeria Prize for Literature today announced the longlist of 11 drawn from 143 plays in the running for the 2023 edition of the prize. The genre in focus is Drama. The literature prize is sponsored…
NAF airstrikes eliminate 22 terrorists loyal to late kingpin, Abdulkareem
NAF airstrikes eliminate 22 terrorists loyal to late kingpin, AbdulkareeOver 22 terrorists loyal to the deceased notorious terrorists’ kingpin Alhaji Abdulkareen Lawal, aka Abdulkareen Boss, were on Monday, 17 July 2023, neutralised by air strikes conducted by the Air Component…
Naira plummets N888/$1 on Binance despite temporary convergence
By Sodiq Adelakun The exchange rate between the naira and dollar plunged to N888/$1 on Binance a crypto platform. This depreciation comes despite a temporary convergence achieved through the Central Bank of Nigeria’s (CBN) recent actions. Currency restrictions have previously…
Strong dollar declines economic output in Nigeria, others — IMF
The International Monetary Fund has said a 10 per cent appreciation in the dollar, linked to global financial market forces, decreased economic output in emerging market economies including Nigeria by 1.9 per cent. It noted that this decline persisted for…
Naira plunges to N860 per dollar at parallel market
By Sodiq Adelakun Nigeria’s currency on Wednesday fell to all-time low of N860 per dollar at the parallel segment of the foreign exchange (FX) market, also called the black market. The naira depreciation followed strong demand for dollars by individuals…
Court jails four foreigners for trafficking animals in Lagos
The Federal High Court in Lagos on Wednesday convicted and sentenced four foreigners to six years imprisonment for wildlife trafficking. The convicts are three Vietnamese nationals -Phan Chi, Phan Quan, and Duong Thang, and a Guinean, Mory Berrette. Justice Yelim…