Dollar sales by Deposit Money Banks and other entities at the Nigeria Autonomous Foreign Exchange Market dropped by $252m to $84.1m on Friday. This represents a 74 percent drop from the $331.1m transactions recorded at the official Nigeria Autonomous Foreign Exchange Market on Thursday. Meanwhile, the naira depreciated to N1,537/$ on Friday from N1,498/$ recorded at the…
Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market. A Bureau de Change operator at Wuse Zone 4, Malam Ibrahim, confirmed the rates on Monday. He said, Yes it is true, we are currently selling above N2,000 for the pounds and it is still about the…
The Federal Government has commenced the payment of the withheld salaries of academics under the aegis of the Academic Staff Union of Universities, PUNCH Online has learnt. Multiple sources in the academic sector confirmed the development to our correspondent in Abuja on Monday. The chairperson of ASUU at the Federal University of Technology, Minna, Prof….
Seyi Tinubu, son of President Bola Tinubu, has urged Nigerians to endure current economic hardship. He said that enduring the trying time was necessary for Nigeria to have a better future, adding that the president’s recent tough decisions should have been taken years ago. Expressing optimism for the future, Seyi Tinubu stated that although challenges…
A Federal High Court in Abuja on Monday struck out the treasonable felony charges against the 2023 African Action Congress presidential candidate, Omoyele Sowore, and Olawale Bakare. The Federal Government had last week discontinued the treasonable case against Sowore, who is also the Publisher of Sahara Reporters.
Many filling stations are currently closed in the Federal Capital Territory, leading to long queues by motorists at the few outlets that are dispensing Premium Motor Spirit, popularly called petrol. Operators in the downstream oil sector confirmed that the development was due to the suspension of operations by the Nigerian Association of Road Transport Owners,…
The suspended National Treasurer of the Labour Party, Ms Oluchi Oparah, has challenged the party’s National Chairman, Julius Abure, to give an account of the donations received from Nigerians in the Diaspora during the campaign tour of LP presidential candidate, Peter Obi, in the United States. According to The Punch paper, the national leadership of…
February has arrived, and with it comes that familiar time of year. No, I’m not referring to Black History Month. I’m Nigerian, we are all black here. I mean Valentine’s Day, the festival dedicated to Cupid – the little gremlin often mistaken for an angel. It’s quite peculiar that Cupid, to inspire love, resorts to…
Due to an injury, Nigerian defender Zaidu Sanusi might miss the remainder of the campaign. On Saturday night, following Porto’s 2-0 victory over Estrella da Amadora, Sanusi was carried off the field. The left-back was playing for the Dragons for the first time since he returned from the Africa Cup of Nations in 2023. In…
Habeeb Okikiola, a.k.a. Portable, is a Nigerian singer who was recently robbed. The music studio of the Zazuu crooner, which is situated in Sango-Ota, Ogun State, was broken into early on Saturday. Portable claimed on his Instagram page that all of his expensive possessions, including studio equipment valued at millions of naira, had been pilfered….
