Nigeria lost N41.54 billion to market fires in two years

An Onitsha market fire Fire service received 4,541 calls between 2020 and 2021 31 market fires recorded in 18 months Lagos tops list of states with highest cases, followed by Anambra Incidents drive inflation figures, crime rate Nigeria’s economy is no doubt bleeding financially from damaging impact of fire incidents, especially market fires, which has, […]

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External reserves rises as naira plunges further

Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown. Sadly, the naira yesterday plunged to a new low at the parallel market, selling for between N525/$ and 530/$. According to the data, the gross component of the reserves climbed to $34.1 billion at the start […]

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APC local govt congresses will hold Saturday despite court order

Buni: Court order not binding on me Go to court, risk sanctions, APC warns aggrieved members Chieftains drag party, INEC to court over unlawful congress in Benue Tomorrow’s Saturday September 4 local council congresses of the ruling All Progressives Congress, APC, will, as scheduled, hold nationwide despite a court order restraining the party’s caretaker leadership […]

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5,890 Boko Haram members have surrendered, says DHQ

Four ISWAP spies killed, AK47 rifles recovered No fewer than 5,890 members of Boko Haram have surrendered to troops in the Northeast following intensive bombardment of their hideouts, the Defence Headquarters (DHQ), has said. Some 565 of those who surrendered comprising three Commanders, four Amirs, five Nakibs and others have been handed over to the […]

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APC expels council chairman for ‘insulting’ Buhari

The All Progressives Congress (APC) has expelled the party’s Caretaker Chairman for Yola South Local Government Area of Adamawa State, Alhaji Sulaiman Adamu, for making alleged derogatory statements about President Muhammadu Buhari. The party’s Caretaker/Extraordinary Convention Planning Committee (CECPC) ratified Adamu’s expulsion from the party at its 16th meeting on Wednesday in Abuja. A statement […]

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Ondo South residents petition Buhari over 10-year blackout

Communities in the Ondo South Senatorial District of Ondo State have petitioned President Muhammadu Buhari over 10 years of blackout in the district. Hundreds of communities in the district, which comprises six local government areas, have been without electricity for over 10 years. In their petition, they alleged that the communities have been disconnected from […]

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Naira falls 530 to dollar, pound hits N720 amid forex scarcity

The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid the lingering scarcity of foreign exchange in Nigeria. The value of the naira fell against the US currency on at both the parallel market and the Investors’ and Exporters’ foreign exchange window. The local currency, […]

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Buhari vows to prosecute fraudulent NDDC contractors

The Federal Government will initiate criminal investigations, prosecution and funds recovery against contractors, firms and politicians indicted by the forensic audit of the Niger Delta Development Commission (NDDC). President Muhammadu Buhari said this yesterday when he received the NDDC audit report from the Minister of Niger Delta Affairs, Godswill Akpabio. According to him, the Federal […]

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