The exchange rate between the U.S. dollar and the Nigerian naira continues to fluctuate in the parallel market. As of Wednesday, 16th October 2024, the rate for a dollar in the Lagos black market stands at ₦1,695 for buying and ₦1,705 for selling, according to Bureau De Change (BDC) operators. Black Market Dollar to Naira […]
Author archives: Gloria
Minister of Power Calls for Decentralized Grids to Prevent National Grid Collapses
The Minister of Power, Adebayo Adelabu, has highlighted the need for regional and state-specific power grids to prevent frequent national grid collapses in Nigeria. Speaking at the unveiling of Hexing Livoltek, an electricity meter manufacturing company in Lagos on Wednesday, Adelabu explained that the country’s current reliance on a single national grid leaves the entire […]
FG and Labour Strike Deal to Curb Rising Transport and Food Costs
The Federal Government and Organised Labour have reached an agreement aimed at addressing the soaring transport fares and food prices in Nigeria. This comes amid growing concerns about inflation and the high cost of living. The agreement was made following a meeting held at the Office of the Secretary to the Government of the Federation […]
APC North Central Forum Halts Push for Ganduje’s Removal Ahead of Key NEC Meeting
The North Central All Progressives Congress (APC) Forum has put a pause on its demand for the ousting of Abdullahi Ganduje as the party’s National Chairman in light of the upcoming National Executive Committee (NEC) meeting. Previously, the forum had strongly opposed Ganduje’s appointment, claiming that the chairmanship should belong to the North Central region […]
Air Peace CEO Praises Government’s Efforts to Enhance Aviation Business Viability
Allen Onyema, the CEO of Air Peace, has lauded the Federal Government for its commitment to creating a viable business environment in the aviation sector. His remarks followed a meeting with Vice President Kashim Shettima at the Presidential Villa in Abuja on Tuesday. In a discussion with reporters, Onyema shared that the vice president emphasized […]
President Tinubu Celebrates Wahid Oshodi’s Unanimous Election as ATTF President
President Bola Tinubu has expressed immense pride in Wahid Oshodi’s election as the President of the African Table Tennis Federation (ATTF). Oshodi was unanimously elected during the 2024 Annual General Meeting held in Addis Ababa, Ethiopia, on Tuesday, October 15, marking a historic achievement for both Nigeria and the African table tennis community. Nominated by […]
Kano Parents Demand Justice for Detained #EndBadGovernance Protesters
In a heartfelt demonstration at the Kano State House of Assembly, parents of youths arrested during the recent #EndBadGovernance protests have called for immediate justice and the release of their children. Mallam Nura Ahmad, representing the concerned parents, revealed that around 70 young protesters were apprehended and transferred to Abuja, where they are reportedly enduring […]
NNPCL Denies Petrol Price Agreement With IPMAN, Insists on Market-Driven Pricing
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims of reaching a price agreement for Premium Motor Spirit (PMS), commonly known as petrol, with the Independent Petroleum Marketers Association of Nigeria (IPMAN) or any other stakeholders. This clarification follows a statement made by IPMAN President, Abubakar Maigandi, suggesting that NNPCL had agreed to reduce […]
Oyedepo Warns Critics to ‘Be Quiet’ Over Church Leadership Retirements
Bishop David Oyedepo, founder of the Living Faith Church (Winners Chapel), has issued a strong warning to those criticizing the church’s leadership over the recent retirement of its bishops. This comes after the announcement that Bishops Thomas Aremu and David Abioye, both long-serving vice presidents, would retire after decades of ministry. The retirements align with […]
Over 90 Dead, 50 Hospitalized in Jigawa Tanker Explosion
A tragic petrol tanker explosion in Majiya village, Taura local government area of Jigawa State, has claimed the lives of over 90 people, with more than 50 others hospitalized. The incident occurred around 12:30 a.m. on Wednesday when a petrol tanker, en route from Port Harcourt to Nguru in Yobe State, overturned. According to Jigawa […]