archiveJanuary 2025

The Central Bank of Nigeria (CBN) says it will tomorrow, the 28th day of January, 2025, launch the Nigerian foreign exchange (FX) code as a guideline to promote the conduct of authorised dealers in the forex market. CBN In a statement announced that it approved the release of the code,...

• secures regulatory approval for new capital Zenith Bank Plc has raised N350.4 billion through its recently concluded hybrid Rights Issue and Public Offering. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, the bank announced that it has secured the full regulatory approval of the Central...

The trial of former Minister of Aviation, Hadi Sirika, continued on Monday, 27 January 2025, with the Fifth Prosecution Witness (PW5) Musa Odiniyan informing Justice S. C. Oriji of the Federal Capital Territory (FCT) High Court that the company, Al Buraq Global Investment was not qualified for the contract awarded...

During the Mission 300 Africa Energy Summit, the Global Energy Alliance for People and Planet (GEAPP) and The Rockefeller Foundation introduced nearly two dozen new energy access projects in 11 African countries and across the Common Market for Eastern and Southern Africa (COMESA), the largest regional economic organization in Africa....

In a startling development, Anambra state operatives of Agunaechemba launched a surprise operation, resulting in the demolition of what has been described as a kidnapper's den masquerading as the Udoka Golden Point Hotel and Suites, also known as “La Cruise Hotel.” Located along the bustling Onitsha-Owerri road, the hotel harbored...

The LG Electronics has made history by donating the University of Benin’s (UNIBEN) first-ever solar-powered borehole, marking a significant step toward sustainable water supply and energy efficiency on the campus. The official commissioning of the project took place on Thursday, Jan. 23, 2025, with the University officials, LG representatives, student...

A jihadist suicide attack have claimed the lives of about 27 Nigerian soldiers in the northeast, two Army sources told AFP on Sunday. The troops on Friday launched a ground offensive on a stronghold of Islamic State-affiliated militants in a wasteland straddling Borno and Yobe States. According to a military...

• as NNPC Ltd rolls out five mini-LNG stations in Ajaokuta this week Described by Nigerians from all walks of life as unprecedented, President Bola Tinubu will be performing the groundbreaking ceremony for five mini-LNG plants in Ajaokuta, Kogi State. Mr. Olufemi Soneye, Chief Corporate Communications Officer of NNPC Limited...

The Muslim Rights Concern (MURIC) has opposed the order by the Ewi of Ado Ekiti, Oba Rufus Adeyemo Adejugbe, to dissolve the Ekiti Shari’ah Panel after summoning the Chief Imam of Ado Ekiti, Shaykh Jamiu Kewulere, to his palace. As widely reported by the media, the dissolution order was given...

The Nigerian Economic Summit Group (NESG) has said that headline inflation could drop to 24.7 per cent in 2025 if there is improvements in fiscal and monetary policy alignment. The economic advocacy group similarly forecasts the foreign exchange rate to stabilise at an average of N1,300 to the dollar. It...