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The people of Ondo state, on Wednesday, held a commendation service and a special court session for the late Rotimi Akeredolu. Akeredolu, former governor of the state, died on December 27, 2023. The special court session was held at the Ondo high court headquarters in Akure while the lying in state and commendation service took place at the Akure township ...

Davido, the Afrobeats star, has announced that he will be donating the sum of N300 million to orphanages across Nigeria. The award-winning singer broke the news in a short statement via social media on Tuesday. Davido said the donation would be made through the David Adeleke Foundation. This, he said, is part of his annual contribution to the nation. He ...

Residents of Akure, the Ondo State capital, on Wednesday paid their last respect to the late former Governor of the State, Rotimi Akeredolu. Late Arakunrin Oluwarotimi Odunayo Akeredolu, SAN, CON, remains had arrived Akure, the State capital, in continuation of his burial activities Students lined up at the major road side in the state capital to wave to the motorcade ...

The Federal Government has revealed plans to relaunch direct cash transfers to about 12 million vulnerable Nigerians amid the high cost of living in the country. Minister of Finance and Coordinating Minister for the Economy, Wale Edun, disclosed this during the retreat organised by his ministry in Uyo, Akwa Ibom state, on Wednesday. Edun stated that while the initial project ...

In the past weeks, the Central Bank of Nigeria has introduced several policies to checkmate the continued fluctuations of the Naira in the FX market. The latest policies by CBN were the new guidelines issued to stop the payout of Personal Travel Allowance, PTA, and Business Travel Allowance, BTA, in cash Now Naira is appreciating significantly against US dollar for ...

Governor of the Central Bank of Nigeria, Olayemi Cardoso, admits that his assignments as CBN governor is a daunting task. Describing it as the second most difficult task on earth. But also assured Nigerians of the country’s imminent economic recovery despite challenges Nigeria continues to grapple with economic hardships, prompting calls for action. Governor of the Central Bank of Nigeria, ...

Among the five anglophone members of ECOWAS, which are Nigeria, Sierra Leone (N0.061/1SLL), Liberia (N6.28/1 LRD), Ghana (N96.50/1GHC), and Gambia (N17.71/1GMD), Nigeria’s naira value is the fourth-lowest value despite being Africa’s largest economy. While Ghanaians find optimism in the robust Cedi-Naira exchange, Nigerians, presiding over Africa’s largest economy, grapple with the lower values of the Gambian Dalasi and Liberian Dollar. ...

There is absolutely nothing wrong with President Tinubu appointing his son-in-law as the head of the Federal Housing Authority, as long as the man concerned is qualified for the job. That is not nepotism. President John F Kennedy appointed his brother, Robert F Kennedy, as his Attorney General and most trusted aide. President Donald Trump nominated his son-in-law, Jared Kushner, ...

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024. The regional event is expected to see a large gathering of key ...

The Government of President Bola Ahmed Tinubu has threatened to open the borders to enable cement importation if Nigeria’s cement manufacturers refuse to reduce the price of the commodity in the country. The Minister of Housing and Urban Development, Ahmed Dangiwa, who issued the threat on Tuesday, said key input materials for cement production such as limestone, clay, silica sand, ...