Category: News
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The traditional ruler of Ido town in Ido Local Government Area of Oyo state, Oba Gbolagade Babalola (Gbadewolu I), has been suspended by Governor Seyi Makinde over alleged link with illegal miners. Oyo State Commissioner for Information and Orientation, Dotun Oyelade, who made the announcement on Friday, February 2, said the Onido of Ido was…
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The Naira on Friday, February 2, exchanged at N1,440 to a dollar, from N1,450 per dollar on Thursday, February 1. The Naira also appreciated to N1,435.53 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,435.53 per dollar from N1,461.9 per dollar on…
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The Lagos State governor Babajide Sanwo-Olu has announced the plan to build a state-owned airport to drive infrastructural development. Sanwo-Olu said this on Friday after meeting with the management team of the China Airport Construction Company (CACC) at its headquarters in Beijing, China. Sanwo-Olu who is currently in China for a working visit with some…
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The mechanical completion of the Warri Refining and Petrochemical Company is scheduled for completion in the first quarter of this year, the Nigerian National Petroleum Company Limited has said. WRPC, located in Warri, Delta State and established in 1978, is one of Nigeria’s three refineries under the management of NNPCL. The other two include the…
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Peter Obi was accompanied by Aisha Yesufu to commiserate with the Governor over the explosion that left many dead and properties destroyed in Ibadan. Seyi Makinde: I thank His Excellency, Peter Gregory Obi, former Governor of Anambra State and also Presidential Candidate of Labour Party in the last Presidential election. I thank you because Politics…
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Nigeria Seals Massive $7 Billion Investment Deal With India The Federal Government of Nigeria has secured $7 billion out of the $14 billion investment deal promised to the country during the G20 Summit in India last year. – Nigeria had secured pledges worth $14 billion investment deal during the G20 Summit in India last year.…
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For transparency and accountability, President Bola Tinubu has ordered the Central Bank of Nigeria to take over the responsibility for crude oil sales from Nigerian National Petroleum Company Limited (NNPCL). Under the new arrangement, NNPC will submit receipts for crude oil sales to CBN for vetting and documentation. Source within the CBN confirmed the development…
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A Young Female Student at the Federal Polytechnic Mubi, Adamawa State, Jamima Shetima Balami, has reportedly taken her own life. The 24-Year-Old was a National Diploma II student of Mass Communication and was about to complete her Industrial Training (IT) at Adamawa Television (ATV) in Yola at the time of her death. Balami, who hailed…
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The Central Bank of Nigeria says it has released $500m to various sectors in its determination to address the backlog of verified foreign exchange transactions. Its Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, disclosed this in a statement on Monday in Abuja. According to Sidi-Ali, this comes barely a week after the apex bank…
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A woman identified as Mary Olohunwa is currently in hospital after she was brutalised by her ex-husband, Keji Ademola in Bako Estate in Lagos, southwest Nigeria. The estate is in the Owode Onirin area of the state. A relation of Mary who spoke to SaharaReporters on Monday said she was accosted on her way to…