The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars. In a circular issued by the Ag. Director, Currency Operations Department, CBN, Mr. Mohammed Solaja, the apex bank said its market intelligence had revealed the continued rejection of the […]
The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY) by 74 percent to $22.88 billion in the first half of 2024 (H1’24) from $13.11 billion in H1’23. Vanguard analysis of quarterly transactions in the market as published by FMDQ showed that turnover stood at $12.64 billion in the first quarter of […]
For Nigeria to tap into the $10 trillion available for World Maritime Trade annually, there is a need for a shift from oil economy to the Marine and Blue Economy sector, assumed to be second revenue earner for the country. A maritime expert, Ambrose Okehi, said this at the maiden edition of News Emperor Magazine’s […]
THE Director General of All Progressives Congress, APC, Campaign Organisation, Senator Matthew Urhoghide, yesterday, said the performances of the party’s governorship candidate, Senator Monday Okpebholo and his running mate, Dennis Idahosa in their senatorial district and federal constituency would propel the party to victory in the September 21 governorship election in the state. Urhoghide in […]
Colombia came from behind to grab a 1-1 draw with Brazil on Tuesday, ensuring their qualification to the Copa America quarter-finals as group winners. An equalizer from Daniel Munoz in first half stoppage time was enough to earn Colombia a share of the spoils after Raphinha had fired Brazil into the lead with a sublime […]
The Osun State House of Assembly on Tuesday passed into law a bill to establish the Osun State Public Complaints and Anti-Corruption Commission. The bill which was passed into law after its third reading by the house and a consequent voice vote, consists of 58 clauses and will provide a legal framework to fighting corruption […]
Access Holdings Plc (“Access Holdings” or “the Group”) on Tuesday, June 2, 2024, held a formal signing ceremony as part of the arrangements to raise a total of N351,009,103,017.25 by way of a Rights Issue (“the Offer”) to existing shareholders. The offer is part of the Group’s strategy to enhance its working capital […]
Ondo Governor, Lucky Orimisan Aiyedatiwa has promised that his administration will upgrade the infrastructures and facilities at the NYSC Permanent Orientation Camp, Ikare-Akoko. He made the promise when he inspected the hostel accommodation and conveniences shortly after he declared open the 2024 Batch ‘B’ (Stream 1) orientation course. Aiyedatiwa, who was accompanied by the NYSC […]
Bayern Munich defender, Matthijs de Ligt, has received a five-year contract offer from Manchester United. According to Sky Germany, De Ligt is keen on the move. It is also believed United have held initial talks with Bayern, to explore the conditions of a potential deal. Erik ten Hag, who worked with De Ligt at Ajax, […]
Two persons were reportedly killed and houses set ablaze in another clash between farmers and herders in Birnin Kudu local government area of Jigawa State. A resident said that the incident happened when herdsmen suspected to be invited from neighbouring states by indigenous herders destroyed farmlands along the route. He said as a result, a […]
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