The naira gained against the dollar on Friday, February 3, 2024, at the official market but declined at the black market.The domestic currency appreciated marginally at the end of the tumultuous week by 1.84% to close at N1,435.53 to a dollar at the close of business, data from the NAFEM, where forex is officially
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The Central Bank of Nigeria (CBN) has fixed $1 million as the minimum share capital requirement for International Money Transfer Operators in the country.This was revealed in its revised guidelines for the operation of IMTOs, which were officially released via its website and signed by the Director, Trade and Exchange
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Justice Mobolaji Olajuwon of the Federal High Court in Abuja has refused to dismiss the terrorism charges brought against five loyalists of Governor Siminalayi Fubara of Rivers State.The judge declined on Friday to terminate the charges as requested by Hon. Edison Ehie, the current Chief of Staff to the governor.The
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Nigerian actress Oluwadarasimi Omoseyin has been convicted and sentenced to six months imprisonment by the Federal High Court sitting in Ikoyi, Lagos, for spraying and stepping on naira notes at a social event in Lagos State.In a statement issued by the Economic and Financial Crime Commission (EFCC), on Thursday, February
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President Bola Tinubu will perform the commissioning of the Lagos Red Line Rail project covering Agbado to Otto for commercial operation.Lagos State Governor, Babajide Sanwo-Olu, announced on Thursday that the project is ready for commissioning.Sanwo-Olu, in a statement, said the completion of the project signals exciting times for Lagos residents.The
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Former Vice President Atiku Abubakar has criticized the recent decision by the Federal Government, led by President Bola Tinubu, to instruct the Central Bank of Nigeria (CBN) to take control of crude oil sales proceeds from the Nigerian National Petroleum Company Limited (NNPCL).Atiku, in a statement on Thursday via his
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Kidnappers have demanded food items and N290 million to release seven residents of Kuduru community in Bwari Area Council in the Federal Capital Territory (FCT).The victims, including a pregnant woman, three children, and four adults, have spent one month and four days in captivity. They were abducted on December 28,
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Kwara State governor, AbdulRahman AbdulRazaq, has presented N6 million cheques to the six public school students who recently won the presidential debate competition in Abuja.The six public school students are Mashood Kamaldeen (Government Secondary School, Ilorin East LG); Jatto Ramatallahi (Offa Grammar School, Offa); Jimoh Abayomi Emmanuel (Tanke Community Junior
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As a reward for their respective roles in securing Akwa Ibom State, Governor Umo Eno has appreciated the outgoing service commanders with land and cash gifts.He noted that their sacrifices had made the state safe for residents, tourists, and investors.Governor Eno spoke at the sendforth dinner and gala night organised
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The 6th Division of the Nigerian Army has discovered and taken over a massive illegal refinery camp with five million litres of stolen crude oil in Rivers State.Also discovered at the camp were 15 boilers, nine storage tanks, newly acquired pipes, makeshift houses, and other expensive facilities worth millions of
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