By Sodiq Adelakun In the unofficial foreign exchange (FX) market, known as the parallel market, the Nigerian naira weakened to N930 to dollar on Thursday. This decline was driven by the growing demand for dollars, which Nigerian banks were unable…
Afreximbank and the Anambra State Government have inked a Memorandum of Understanding (MoU) to establish bankability for key projects, including the Ikenga Mixed-Use Industrial City, the Anambra Export Emporium and the Akwaihedi Unubi Uga Automotive Industrial Park. Under the terms…
Galaxy Backbone Limited MD/CEO Professor Muhammad Bello Abubakar and the Management team received the Surveryor General of the Federation, Surv. Adebomehin A. Adeyemi and his entourage on a courtesy visit today. The Office of the Surveyor General and GBB have…
By Sodiq Adelakun In a series of recent operations, the National Drug Law Enforcement Agency (NDLEA) has successfully intercepted drug shipments hidden in unexpected items. The agency’s efforts have resulted in the seizure of significant quantities of illegal substances and…
Six suspects have been apprehended by the Rivers State Police Command in connection with the brutal murder of Superintendent of Police Bako Angbashim, the Divisional Police Officer of Ahoada. The suspects, believed to be cultists, were responsible for the decapitation…
The Police in Lagos on Friday arraigned a 46-year-old businessman, Ekenedilichukwu Johnpaul, who allegedly obtained a Toyota Hiace worth eight million Naira on false pretences. The defendant, who resides on Igala Estate, Ejigbo, Lagos State, is facing charges of conspiracy…
The Board of Directors of Transcorp Plc has announced the appointment of Mr. Stanley Chikwendu as the Group Company Secretary. This was disclosed via a company filing statement sent to Nigeria Exchange Limited as seen by newsmen. Transcorp Plc in…
The House of Representatives ad hoc committee investigating crude oil theft has insisted on the appearance of the Group Chief Executive Officer of Nigeria National Petroleum Company Ltd (NNPC) and others before the committee. They include the Nigeria Maritime Administration…
The Electricity Consumer Protection Forum, an advocacy group, has expressed deep concern over the recent 40 per cent increase in the price of single-phase prepaid meters in Nigeria saying the increase is of the average consumer. The group, represented by…
The Management of the Enugu Electricity Distribution Company (EEDC) has expressed regret over the power outage being experienced by its customers in Awada, Anambra and other locations. This is contained in a statement by the Head, Corporate Communications of the…
