The Nigeria Customs Service (NCS), Apapa Area Command, has seized 12 containers filled with expired and regulated pharmaceutical products, valued at ₦1.8 billion. Comptroller General of Customs, Adewale Adeniyi, announced the significant bust on Thursday, emphasizing the dangers these drugs posed if they had reached the public. The expired drugs, which included tramadol and codeine, […]
Author archives: Gloria
Bauchi State Closes 39 Private Colleges for Lack of Registration and Proper Facilities
The Bauchi State government, under Governor Bala Mohammed, has shut down 39 private colleges of education due to their failure to obtain proper registration and approval from the National Commission for Colleges of Education (NCCE). Lydia Tsammani, the State Commissioner for Higher Education, revealed that these institutions were operating without adequate infrastructure, often using primary […]
Rainfall, Thunderstorm Looms As NiMet Releases Three-days Forecasts
Forecast Details: Advisory: NiMet has warned residents in major cities to avoid flood-prone areas due to the risk of urban flooding. Additionally, strong winds may accompany the rains, and the public is advised to stay informed through NiMet updates and adhere to safety advisories.
UK Economy Slows in Q2 with 0.6% Growth Ahead of General Election
The United Kingdom’s economy experienced a slight slowdown in the second quarter of 2024, with growth of 0.6% compared to 0.7% in the first quarter, according to data released by the Office for National Statistics (ONS) on Thursday. This report covers the period leading up to the country’s general election in early July, where the […]
Aviation Workers to Stage Nationwide Protest Over FG’s 50% Revenue Deductions
Aviation workers have announced plans to stage a protest next week against the federal government’s policy of deducting 50% of internally generated revenue (IGR) from airports across the country. The workers argue that the federal government’s deductions are severely impacting airport operations, and despite multiple efforts to engage with the government, no resolution has been […]
French Court Seizes Nigerian Presidential Jets Amid Dispute with Chinese Firm
A French court has ordered the seizure of three Nigerian presidential jets in connection with a legal dispute involving the Chinese company, Zhongshan. The dispute arose from a business conflict with the Ogun State government, leading to this significant legal action. The seized aircraft include a Dassault Falcon 7X located at Le Bourget airport in […]
Black Market Dollar to Naira Exchange Rate for August 15, 2024
The exchange rate for the dollar to naira at the black market, also known as the parallel market (Aboki fx), is as follows for today, August 15, 2024: In the Lagos Parallel Market, a dollar is bought for N1595 and sold for N1600, according to sources at Bureau De Change (BDC). It is important to […]
N’Assembly Speaker Withdraws Controversial Counter Subversion Bill Amid Public Outcry
Speaker of the House of Representatives, Abbas Tajudeen, has withdrawn the controversial Counter Subversion Bill after widespread public backlash. The bill, which had only passed the first reading, sparked significant controversy due to its stringent penalties, including a 25-year imprisonment or N10 million fine for those convicted of actions leading to separatist agitation or inter-group […]
Dangote Group Stocks Face Decline Amid Forex Crisis and Merger Rejection
The stock prices of the Dangote Group, including Dangote Sugar Refinery and NASCON Allied Industries, have recently fallen due to foreign exchange losses and the Securities and Exchange Commission’s decision to reject a proposed merger. The ongoing inflation and volatility in the forex market have compounded these challenges, with the depreciation of the naira increasing […]
SEC Grants Extension for Access Holdings’ ₦351bn Rights Issue Amid Nationwide Protests
The Securities and Exchange Commission (SEC) has approved an extension of Access Holdings Plc’s ongoing ₦351 billion rights issue to August 23, 2024. Originally scheduled to close earlier, the extension was granted in response to the widespread hunger protests across Nigeria, which have disrupted business operations and limited shareholder participation. Access Holdings had offered 17.772 […]