Nigeria’s naira headed for a weekly retreat, after the central bank lowered its target range. The currency of Africa’s biggest oil producer rose less than 0.1 per cent to 159.375 per dollar, as of 2:55 p.m. on the interbank market in Lagos,...
So far this year, the Central Bank of Nigeria (CBN) has supplied over $27.34 billion (N4.24 trillion) at the official window to meet increasing demand for foreign exchange. This figure does not include foreign exchange inflow from autonomous sources su...
Sequel to the ongoing reforms in the nation’s capital market, some market operators have agreed that the expected gains from the reforms would be much visible in 2012, just as it would lead to the growth and development of the market. They said t...
The Nigerian Meteorological Agency (NIMET) has commenced collection of inputs from experts for inputs to the 2012 seasonal rainfall prediction (SRP). Speaking at a one-day stakeholders meeting on evaluation of 2011 SRP recently in Abuja, the Director &...
The federal government as part of its efforts to bridge the nation’s housing deficit has provided a low income housing estate in Kuje, Abuja under a Public Private Partnership (PPP)arrangement. The 300 housing estate is geared towards decongestin...
Churches, homes and the police headquarters in Geidam, Yobe State were set ablaze in a wave of night time gun and bomb attacks by Boko Haram sect, the police said on Sunday. "The Geidam divisional police headquarters and First Bank were bombed on ...
The Governor of Central Bank of Nigeria, (CBN), Mallam Lamido Sanusi says the government has sold a whooping sum of $8 billion to oil marketers for the importation of petroleum product in 2011 alone adding that the economic implicatio...
Adebayo Salami is popularly known as ‘Oga Bello’, the character who dishes out orders with commanding tones to his workers, either at home or at the office, in Nigerian soaps. But unlike the ‘Oga Bello’ in movies, the man is qui...
It is with great shock that I received the news of the passing away of Dim Chukwuemeka Odumegwu Ojukwu this morning. Though he had been sick for some time, we were all hoping and praying that we would welcome him back home in good health; but, unfortun...
Former acting national chairman of the Peoples Democratic Party (PDP) and Minister of Defence, Dr. Bello Mohammed, has said that his team at the party hierarchy was fully convinced and believed that President Goodluck Jonathan was, indeed, qualified an...
When Fred Couples picked Tiger Woods as one of his wild cards, everyone who wondered what had come over Couples, because the former world No.1 was going through the worst period of his career when he got Freddie’s vote of confidence. A lot was sa...
Barely two days after a-20 man armed bandits struck in Sagamu in Ogun State, killing more than 10 people, another 15-man gang of armed robbers yesterday struck in Abeokuta killing two people and injuring several others. The incident which occurred at O...
The Senate was indeed rattled by confession of the self-acclaimed Boko Haram spokesman Umar Sanda Kondugha who alleged that Senator Ali Ndume is not only a member of the sect but also a sponsor. Ndume’s arrest and detention sent a resolute messag...
Thousands of Nigeria Muslim pilgrims stranded in Saudi Arabia after the 2011 Hajj rites, are now home sick, the News Agency of Nigeria (NAN) has reported. Most of the pilgrims who had spent about 30 days in the holy land lamented the delay in ret...
Once known for its serenity and natural endowment, the nation’s ‘food basket’, Benue State is fast becoming a battleground of sorts. Michael Oche and Solomon Ayado write that while all attention in the country seem to be focused on th...