The Senate, on Wednesday, through its Committee on Banking, Insurance and Other Financial Institutions, summoned the Governor of Central Bank of Nigeria, Olayemi Cardoso, to appear before it on Tuesday next week to answer questions on the state of the economy and the naira’s fall in the forex market. The Committee, chaired by Senator Adetokunbo Abiru (APC Lagos East), met ...
Events
February, 2024
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1 February
Naira falls: Bureau De Change operators kick, close market today
The naira closed at N1,455.59/$ at the official window on Wednesday, according to the FMDQ Securities Exchange. This is a 1.82 per cent appreciation from the N1482.57/$ it closed trading on Tuesday. At the parallel market, it lost N61 to trade at N1,511/$. A Bureau De Change operator, Malam Ibrahim, said “For now, we are selling between N1,511/$ and N1,512/$. ...
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1 February
Cause of fire at House of David Church revealed, loses multi-million naira
It has been revealed that cause of fire at The Household of David church in Surulere Street, Adeniyi Jones in the Ikeja Local Government Area of Lagos State yesterday was the heat of the season. The church’s auditorium ceiling was overheating, which caused it to collapse and ignite a fire. The incident occurred at about 10:00 am on Wednesday. The ...
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1 February
P’Harcourt, Warri refineries test-run ongoing, FG assures Nigerians
Heineken LokpobiriMinister of State for Petroleum Resources (Oil), Heineken Lokpobiri has reassured Nigerians that on Wednesday, that the Port Harcourt Refining Company was still being test-run, adding that refined petroleum products from the plant would hit the market soon. It disclosed this at a briefing in Abuja, as oil marketers expressed worry that the recent crash of the naira against ...
January, 2024
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31 January
Presidency carpets Atiku as reckless, for attacking Tinubu
President Tinubu has said Alhaji Atiku Abubakar is becoming reckless in his often and needless criticism in recent times . This thought was passed a crossed throughBayo Onanuga ,Special Adviser to the President on Information & Strategy on January 30, 2024. In what is obviously a direct response to Alhaji Atiku Abubakar’s statement accusing President Bola Ahmed Tinubu of fiddling ...
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31 January
JAMB suspends 10,378 DE students’ admission.. see reason
No fewer than 10,378 candidates, who wrote the Direct Entry examination organised by the Joint Admissions and Matriculation Board in 2023, currently have their admission suspended following the failure of their A-level issuing institution to submit a verification report to JAMB. In February 2023, JAMB issued an advisory to guide candidates seeking to gain admissions through Direct Entry in the ...
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31 January
Kidnapers demand N100m for Ekiti schoolchildren, teachers
Kidnappers of five pupils of Apostolic Faith Group of Schools, Emure Ekiti, and four staff members have demanded N100m ransom for the release of the nine victims who were taken away on Monday. The principal of the secondary section of the school, Boje Olanireti, confirmed the ransom demand. The abduction of the schoolchildren and four staff members occurred when the ...
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31 January
Two Ekiti Obas’ murder : Tinubu in one hour phone meeting with Ekiti Gov.
President Bola Tinubu, who was on the phone with Ekiti State Governor, Mr Biodun Oyebanji, for about an hour on Monday to commiserate with the Ekiti people. YOUNEWS learnt that Mr President also had given directives to security agencies to fish out the perpetrators of the dastardly act and bring them to book. On Monday, gunmen killed two Ekiti monarchs-the ...
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31 January
Kidnapping Epidemics : Senate Panics, summons service chiefs
Worried by the worsening abduction epidemic, the Senate on Tuesday summoned the service chiefs over the spate of insecurity across the country. The Senate also noted that it would meet with President Tinubu for a briefing on the security crisis confronting the nation. Those invited include the Chief of Army Staff, Taoreed Lagbaja; the Chief of Air Staff, Hassan Abubakar; ...
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31 January
South West re-strategizes as Kidnapping penetrates Zone
The South West zone in Nigeria is getting on the edge, as the issue of kidnapping predominantly a Northern states issue before now is spreading to the Zone. Ibadan traditional Chieftaincy title-holders, otherwise known as Mogajis, on Tuesday, threatened to block all the escape routes in all the cities, towns, and villages, including the forests and bushes considered ungovernable spaces. ...