Naira appreciates to N825/$ at parallel market
The naira, on Wednesday, appreciated against the dollar at the parallel section of the foreign exchange market amid increased liquidity. Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who spoke to TheCable in Lagos, quoted the naira at N825 to a dollar. The figure represents a gain of N60 or 6.8 […]
Ifeanyi Ararume sues Buhari for ‘wrongful removal’ as NNPC board chairman
Ifeanyi Ararume, a former senator representing Imo north, has sued President Muhammadu Buhari for allegedly removing him wrongfully as board chairman of the Nigerian National Petroleum Company (NNPC) Limited. Buhari had appointed him as board chairman of the corporation in September 2021 but he was replaced with Margaret Chuba Okadigbo in January. […]
£1.5bn UK support, €110m from Netherlands — how Africa is faring at COP27
At the United Nations conference on climate change (COP27) underway in Sharm el-Shiek, Egypt, Africa’s adaptation capacity has been boosted as developed countries pledge enhanced adaptation finance for the continent. At COP26 in Glasgow, developed countries agreed to double the 2019 adaptation finance to $40bn by 2025. And now at COP27, they seem […]
Passengers injured as ‘kidnappers’ attack bus on Lagos-Ibadan expressway
Suspected kidnappers have reportedly attacked passengers travelling along the Lagos-Ibadan expressway. The gunmen, who launched the attack on Tuesday, were said to have been dressed in military uniforms. The gunmen reportedly came out of the bush and started firing bullets at passengers of an 18-seater bus on the Sagamu axis of the […]
Meta sacks over 11,000 employees
Meta, the parent company of Facebook, has sacked more than 11,000 of its employees, representing about 13 percent of the total workforce. Mark Zuckerberg, Meta’s chief executive, announced the mass layoffs in a message to employees, which Meta shared on its Newsroom. The development comes few days after Twitter, micro-blogging platform, sacked […]
Newspaper Headlines: NMA asks presidential, guber candidates to undergo psychiatric test
The conviction of Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), over the refusal of the anti-graft agency to obey a court verdict dominated the cover pages of Nigerian newspapers. Source: Top Stories
Sepp Blatter says awarding Qatar 2022 World Cup was a ‘mistake’
Sepp Blatter, the former FIFA president, says the decision to award Qatar with the 2022 World Cup was a “mistake”. In an interview with the Swiss newspaper Tages-Anzeiger, the 86-year-old, who was FIFA president when Qatar was awarded the 2020 World Cup hosting rights in 2010, said he had voted for the United States […]
PDP crisis: Some governors in Wike’s camp will still support Atiku, says Melaye
Dino Melaye, former senator representing Kogi west, says some aggrieved governors in the Peoples Democratic Party (PDP) will work in favour of the party in the 2023 presidential election. Melaye spoke on Tuesday during an interview on Channels Television. Presently, the PDP is enmeshed in internal wranglings over the insistence of Nyesom […]
Court orders remand of EFCC chairman over contempt
A federal capital territory (FCT) high court in Maitama has ordered the remand of Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), for contempt. Chizoba Oji, the presiding judge, ordered the inspector-general of police (IGP) to ensure the committal order is executed. The judge gave the order in the […]
NDLEA uncovers plans by cartels to bring lethal drugs in form of candies into Nigeria
The National Drug Law Enforcement Agency (NDLEA) says it has uncovered plans by some drug cartels to introduce fentanyl into the Nigerian market. Fentanyl is a powerful synthetic opioid anaesthesia that is similar to morphine but is 50 to 100 times more potent. Femi Babafemi, NDLEA’s spokesperson, on Tuesday said the illicit […]