The Central Bank of Nigeria (CBN) has announced the sale of $543.5 million to authorized dealer banks between September 6 and 30, 2024. The amount, equivalent to N844.92 billion, was sold at the rates of N1,540 and N1,580. According to Omolara Duke, Director of Financial Markets Department, the sale aimed to reduce market volatility caused…
Nigeria’s federal government has made a significant move to boost the country’s economic growth by exempting 63 key items from Value-Added Tax (VAT). This decision is part of a broader fiscal policy and tax reform aimed at supporting various sectors, including clean energy, transportation, and oil and gas. The announcement was made by Taiwo Oyedele,…
Dr. IDOWU OLUFEMI AMOS, a senior lecturer in sociology at Federal University, Lokoja Kogi State, brings his academic expertise to bear on the Oro festival controversy in an exclusive interview with our correspondent, Korede Abdullah, on Friday. Dr. Amos provides nuanced perspectives on why the Oro festival remains a vital part of Yoruba heritage, exploring…
In a renewed commitment to enhance educational development, the Executive Secretary of the Tertiary Education Trust Fund (TETFund), Arc. Sonny Echono has announced plans to allocate taxpayer resources more effectively. His statements came during the College of Education Academic Staff Union’s (COEASU) 2024 International Teachers’ Day celebration, where he was honored with the prestigious Legacy…
The Kano State Private Health Institution Management Agency has closed down four medicine patent facilities in the Rogo Local Government Area for conducting illegal operations and not complying with the law of the Agency. The Director General of PHIMA, Prof. Salisu Tofa, who led the team of inspectors to the facilities on Friday, said the…
The Borno State Government has confirmed 17 cases of cholera in the state and vaccinated 287,708 people against the disease. Declaring the cholera outbreak in Maiduguri on Friday, the state’s Commissioner for Health, Prof. Baba Gana, said no has been recorded in the state so far. “We have 451 suspected cases discovered in Maiduguri, Jere,…
*Hails Hamas, Hezbollah “If we needed to do that again, we would do it again in the future,” Khamenei told supporters. The Iran’s leader, Ayatollah Ali Khamenei defends strikes on Israel in rare public speech Hear him, Iran’s missile strikes on Israel were “correct, logical, and lawful”, Khamenei told a vast crowd which had gathered…
The National Bureau of Statistics (NBS) has reported a slight decline in the Cost of a Healthy Diet (CoHD) in Nigeria. The CoHD, which measures the least expensive combination of locally available food items that meets global dietary guidelines, dropped to N1,255 per adult per day in August 2024. This reflects a 0.8% decrease from…
The Federal Government of Nigeria has announced the acquisition and upgrade of the Epe General Hospital, transitioning it to a Federal Medical Centre (FMC) in a move to enhance healthcare services in Lagos State. This change, formalised through a Memorandum of Understanding (MoU) signed on Thursday by Lagos State Governor Babajide Sanwo-Olu and Minister of…
The National Bureau of Statistics (NBS) has announced a significant transformation in Nigeria’s fuel consumption and production landscape for 2023, marked by a notable decline in the distribution of Premium Motor Spirit (PMS) and a rise in domestic production of other fuel types. According to the NBS report, the volume of PMS trucked across the…
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