Bank directors back CBN over sale of excess dollars

  Bank Directors Association of Nigeria says it is supportive of a directive by the Central Bank of Nigeria asking commercial banks to stop “hoarding’’ foreign currencies. The CBN had last week expressed concerns over the escalating foreign currency exposure ...

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Power grid stabilises at 3000MW, TCN upgrades transformers

  The national power grid stabilised on Monday as electricity generation revolved around 3,000 megawatts and 3,707.91MW between 1am and 8pm on the same day following the collapse of the grid on Sunday. On Monday, The PUNCH reported that power generation on ...

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FG raises exchange rate for cargo clearance from N952/$ to N1,356/$

The Federal Government through the Central Bank of Nigeria has raised the exchange rate for cargo clearance from N952/$ to N1.356 per dollar   This is coming weeks after the rate was increased from N783/$ to N952/$.   In November, ...

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AFCON: Osimhen likely to miss match against South Africa

Super Eagles striker Victor Osimhen could miss the 2023 Africa Cup of Nations (AFCON) semi-final against South Africa after failing to travel with the rest of the squad from Abidjan to Bouake Nigeria face rivals South Africa in the first ...

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Popular actor, JIMI SOLANKE is dead

Veteran actor and dramatist, Jimi Solanke, is dead The actor who was also a singer, poet, and playwright died today; just 59 days to his 82nd birthday. Born on July 4, 1942, in Ipara Remo, Jimi Solanke’s artistic journey began ...

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Grammy Awards: Tinubu sends message to Burna Boy, Davido, Olamide, others

President Bola Tinubu has congratulated Nigeria’s musical talents nominated for the 2024 Grammy Awards: Burna Boy, Davido, Olamide, Tems, Asake, and Ayra Starr All Nigerian nominees were defeated at the Grammy Awards. This is contained in a statement issued by presidential spokesman, Ajuri ...

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Naira appreciates at official market

The Naira appreciated on Monday at the official foreign exchange (FX) market, closing at N1,419.86 to the dollar as against N1,435.53 to the greenback which it closed on Friday, February 02, 2024, the Nigerian Autonomous Foreign Exchange Market (NAFEM), data ...

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Police arrest man with counterfeit naira notes

Operatives of the Lagos Police Command have arrested a 47-year-old man, Shola Owosho, for being in possession of counterfeit naira notes The suspect was arrested on Thursday night by policemen attached to the Ijora Badia Division. He was alleged to have ...

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By-election: Restriction on movement only in Surulere

The Lagos State Police Command has clarified that the restriction on vehicular movement for the state by-election on Saturday will specifically apply to only the Surulere area of the state   The command’s Public Relations Officer, SP Benjamin Hundeyin, made this clarification ...

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300-level Ondo varsity student stabbed to death

A 300-level female student of the Adekunle Ajasin University Akungba Akoko (AAUA) has been stabbed to death in her room https://alexis.lindaikejisblog.com/photos/shares/d1_1707077900.jpg The deceased, identified as Ifeoluwa Adekunle, was found dead in a pool of blood at the weekend in her room. ...

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Pregnant mother of 9 kills woman trying to stop her from stealing plantain

A pregnant mother of nine, Esther Godday, has been arrested after allegedly stabbing one Mrs. Imeran Idema who was trying to stop her from stealing a bunch of plantain from her family farm dead According to The Nation newspaper, the ...

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JAMB hikes 2024 UTME registration fees

The Joint Admissions and Matriculation Board (JAMB) has announced an adjustment in the registration fees for the Unified Tertiary Matriculation Examination (UTME) for the year 2024 According to an official statement by JAMB, the revised registration fees for UTME are ...

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I can’t tell you how many wars I am fighting alone – Seun Kuti speaks on court cases, many police invitations

Seun Kuti has said his life is under threat in a new video shared to social media, saying he has lost count of police invitations and court cases in the last few years. Speaking in the video, Seun accused some unnamed persons of wanting ...

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Grammys 2024: Taylor Swift makes history with best album award

Taylor Swift stole the show at this year’s Grammy Awards, becoming the first performer to win the prize for album of the year four times The superstar had previously been tied on three best album wins with Stevie Wonder, Paul Simon ...

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You are winners in our eyes! Sanwo-Olu celebrates Davido, others despite Grammy loss

Lagos State Governor, Babajide Sanwo-Olu, has celebrated Nigerian superstars who ALL lost out at the 66th Grammy awards, telling them YOU ARE WINNERS IN OUR EYES Sanwo-Olu celebrates Davido, others despite Grammy loss According to him, they are all winners ...

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“I used to last one min” – Man shares miracle he received from Yul Edochie’s online church service

Another Nigerian has claimed to have received a miracle while joining Yul Edochie’s online church service The man, Richard Chibo took to social media to reveal that he has been lasting only one minute in bed, but after the service, ...

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EFCC arrests pastor for N1.3bn fake grants

A cleric, Apostle Theophilus Oloche Ebonyi, the General Overseer of Faith On The Rock Ministry International has been arrested for defrauding church members and other Nigerians of over N1.3 billion as registration fees for grants from the Ford Foundation According ...

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FG BANS alcoholic beverages in small sachets

The federal government has banned alcoholic beverages produced in sachets less than 200ml The National Agency for Food and Drug Administration and Control (NAFDAC) Director-General, Prof Mojisola Adeyeye disclosed this on Monday while addressing the media over the development in Abuja. ...

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CBN raises import duty rate by another 4.4% in 24 hours

CBN raises import duty rate by another 4.4% in 24 hours Barely 24 hours after it increased the Customs exchange rate to N1, 356.883 per dollar on Friday, the Central Bank of Nigeria, CBN, has Saturday morning once again jerked ...

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Portable explains why he will always be an upcoming musician

Controversial singer, Portable, has explained why he will remain an upcoming musician He also claimed to be the new Fela. He said his fans gave him the title “newborn Fela” and he reckoned with it. Speaking in the latest episode of the ...

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Abducted Ekiti schoolchildren, teachers FREED

Schoolchildren of Apostolic Faith Group of Schools, Emure-Ekiti, Ekiti State and their teachers, who were recently kidnapped by armed men have been released. It cannot be ascertain at the moment if the victims who regained freedom at about 2.00 am on ...

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Nigeria’s electricity grid COLLAPSES again

Nigeria’s electricity grid on Sunday collapsed yet again, throwing several cities including the nation’s capital Abuja, into darkness   The Abuja Electricity Distribution Company (AEDC) announced Sunday that the collapse occurred at around 11 a.m.   “The Management of Abuja Electricity ...

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Seyi Makinde suspends Ido Monarch

Oyo State Governor Seyi Makinde has suspended the traditional ruler of Ido town, Oba Gbolagade Babalola, known as Gbadewolu I   The monarch’s suspension, effective immediately, was made public in a letter issued on February 2, 2024, and signed by the ...

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Airtel Africa plans $100m share buyback as profit dips 100%

  Airtel Africa has revealed plans for a $100m share buyback programme starting March 2024. This is as the company also reported a 99.6 per cent decline in its post-tax profit to $2m at the end of the nine months ended December 2023 from $523m ...

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