A bill seeking to ban the use of foreign currencies, including the dollar and pound sterling, for transactions in Nigeria has passed its first reading in the Senate. The proposed legislation, titled “A Bill for an Act to Alter the Central Bank of
As Transcorp Hotels Plc welcomes Mrs. Uzo Oshogwe as its new Managing Director/CEO effective January 1, 2025, the moment provides an opportunity to celebrate the transformative leadership of outgoing CEO, Dupe Olusola, whose tenure redefined Nigeria’s hospitality sector. Dupe Olusola’s leadership spanned four
The naira appreciated marginally against the dollar at the official market on Monday, closing at ₦1,545.10 per dollar, a gain from ₦1,549.50 recorded last Friday, according to FMDQ data. Similarly, figures from the Central Bank of Nigeria (CBN) showed a marginal improvement, with
Tragedy struck on Monday evening as Dr. Osita Chinedu, a lecturer at Nnamdi Azikiwe University (UNIZIK), Awka, was shot dead by suspected car snatchers in the High Tension area of Aroma, Awka, Anambra State. Eyewitnesses reported that the gunmen confronted the lecturer, demanding
President Bola Tinubu will present the 2025 budget proposal of ₦47.96 trillion to the National Assembly on Wednesday, December 18, 2024. The announcement was made by the Minister of Budget and Economic Planning, Atiku Bagudu, during a press briefing following the Federal Executive
President Bola Tinubu has hailed the $5 billion Final Investment Decision (FID) by Shell and its partners on the Bonga North Deep Offshore Field, marking Nigeria’s first deepwater oil project in over a decade. This milestone highlights the transformative impact of Tinubu’s policies
The Federal Government has announced free train rides for Nigerians traveling during the festive period, starting from December 20, 2024, to January 5, 2025. The Minister of Information and National Orientation, Mohammed Idris, disclosed this while briefing journalists on the outcome of Monday’s
The Economic and Financial Crimes Commission (EFCC) has re-arraigned Francis Atuche, the former Managing Director of the defunct Bank PHB Plc, on charges of forgery and conspiracy. Atuche was re-arraigned alongside Nnosiri Joachim, also known as Ifeanyi, and Uguru Onyike at the Special
The Chief of Defence Staff, Gen. Christopher Musa, has launched an investigation into the deaths of two Okuama community leaders, Pa James Oghoroko and Dennis Okugbaye, who reportedly died while in Army custody. The leaders were detained following a military operation linked to
The ongoing defamation suit between legal luminary Chief Afe Babalola and human rights activist Dele Farotimi has sparked heated debates across Nigeria’s legal, social, and political spheres. At the center of the controversy are allegations by Farotimi accusing Babalola of corrupt practices, including