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The Nigerian naira has once again depreciated in the foreign exchange market, trading at N1,590 per US dollar on Wednesday. According to market checks, this marks the second consecutive day that the naira has lost value. The depreciation is…
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The Nigerian government has promised to bring back the textile industry and improve its production process. It also plans to promote goods made in Nigeria to boost the country’s economy and create more jobs. Senator John Enoh, the…
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The Nigerian government has raised concerns about the fate of over 400,000 Nigerians who are currently stranded in Cameroon, Niger, and Chad. Efforts are being made to bring them back home through a structured repatriation process.…
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Renowned Nigerian musician, Innocent Idibia, popularly known as 2Baba, confirms his romantic relationship with Edo State lawmaker, Natasha Osawaru, sparking widespread reactions on social media. His revelation follows his recent divorce…
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Dangote Cement has begun to recover in the stock market ahead of the company’s earnings announcement. Investors are increasing their stake in the cement giant after its share price previously dropped to N394 due to selling pressure.…
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The Nigerian Exchange (NGX) reached an all-time high on Wednesday, with investors collectively gaining N779 billion. This pushed the total market capitalization beyond N67 trillion, reflecting strong investor confidence in the equities…
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Oil prices fell on Wednesday due to multiple factors, including higher-than-expected U.S. crude oil inventories and uncertainty surrounding the Federal Reserve’s monetary policy decisions. Investors are watching closely as the U.S. central…
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The Nigerian Railway Corporation (NRC), in collaboration with APM Terminals Apapa, has relaunched the Apapa-Ibadan standard gauge freight rail service. The service now operates on a fixed schedule, with departures on Mondays, Wednesdays,…
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The Nigeria Police Force has issued a clarification on the allegations raised by the Senate on the purported disappearance of 3,907 firearms from its armoury. On Tuesday, the Inspector-General of Police (IGP) Kayode Egbetokun appeared…
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In a move aimed at promoting transparency and accountability in the real estate industry, the Rivers State House of Assembly has committed the Real Estate Regulatory Authority bill to the Committee on Lands and Housing. This development…
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