The Labour Party has welcomed Senator Rabiu Kwankwaso’s recent offer to be Peter Obi’s running mate in the 2027 presidential election. Kwankwaso, the New Nigeria People’s Party (NNPP) presidential candidate in 2023, expressed willingness to serve as Obi’s deputy, provided certain conditions are met. Kwankwaso’s statement comes nearly two years after failed merger talks between […]
Category archives: News
US Jobs Report Lifts Asian Markets, Dollar Holds Firm Amid Middle East Tensions
Asian markets surged on Monday following a robust US jobs report that eased concerns over the global economy. The dollar maintained its gains as investors reduced expectations of another significant interest rate cut. Meanwhile, oil prices saw a slight dip as traders awaited Israel’s response to Iran’s recent missile strike, raising fears of broader conflict […]
Nigerian Electricity Discos Generate ₦887 Billion in First Seven Months of 2024 Amid Tariff Hike
The revenue generated by Nigerian electricity distribution companies (Discos) surged to ₦887.86 billion in the first seven months of 2024, following a significant tariff hike. Data from the Nigerian Electricity Regulatory Commission (NERC) shows that Discos collected 79.7% of a total electricity bill of ₦1.14 trillion during this period. The tariff increase, which raised rates […]
Wike’s PDP Faction Vows Legal Action Over Rivers LGA Election Results
The Rivers State faction of the Peoples Democratic Party (PDP) loyal to Nyesom Wike has rejected the results of the recent local government elections, in which the Action Peoples Party (APP) won 22 out of 23 chairmanship positions. Describing the poll as illegal and a “charade,” the PDP faction, led by Publicity Secretary Kenneth Yowika, […]
Police Unseal All 23 LGA Secretariats in Rivers State After Successful Elections
The Rivers State Police Command has officially reopened all 23 Local Government Area secretariats following the recent local government elections and the swearing-in of new chairmen. Acting on the directives of the Inspector General of Police, Kayode Egbetokun, the state’s Commissioner of Police, Mustapha Bala, withdrew the police personnel deployed to secure the secretariats. The […]
Dollar to Naira Black Market Exchange Rate Today, 7th October 2024
The black market exchange rate for the dollar to naira stands at N1675 for buying and N1680 for selling as of today, 7th October 2024. This is based on data from Lagos Bureau De Change sources. Meanwhile, the Central Bank of Nigeria’s (CBN) official rate remains lower, with a buying rate of N1656 and a […]
Obasanjo, South-East Governors, and Top Nigerian Figures Set to Attend Iwuanyanwu’s November Burial
Prominent Nigerians, including former President Olusegun Obasanjo and South-East governors, have confirmed their participation in the burial of the late President-General of Ohanaeze Ndigbo, Chief Emmanuel Iwuanyanwu. The ceremony is slated for November 1 at his hometown, Attah, Imo State. Senator Ben Obi, Head of the Burial Planning Committee, revealed that national leaders like Yoruba […]
Railway is the new oil, Senate commends ongoing work at Kano-Maradi rail line
The Minister of Transportation, Senator Said Ahmed Alkali has disclosed that the potential of rail transport system will make it displace the oil sector as the greatest contributor to Nigeria’s revenue in a short while. The Minister made this known Friday while on an inspection of the ongoing Kano-Daura-Maradi rail project alongside members of the […]
Black Market Dollar to Naira Exchange Rate and Petrol Imports Decline: Key Updates for October 5, 2024
Today’s Dollar to Naira exchange rate at the black market, also known as the parallel market, is detailed below for 4th October 2024. As of Friday, 4th October, the Lagos Parallel Market (Black Market) exchange rates are: These rates, sourced from Bureau De Change (BDC) operators, do not align with the Central Bank of Nigeria […]
Rivers Governor Fubara Accuses Police of Attempted Electoral Material Theft
Rivers State Governor, Siminalayi Fubara, has expressed shock and disappointment over an alleged attempt by the Nigerian police to interfere in the upcoming local government elections scheduled for October 5, 2024. During a press conference held at the Government House in Port Harcourt, Governor Fubara detailed how officers stormed the Rivers State Independent Electoral Commission […]