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Naira Weakens to 1,533/$ at Start of Week

19.08.2025
The naira started the new week on a weak note as it traded at 1,533.67/$ at the Nigerian Foreign Exchange Market domiciled on the Central Bank of Nigeria website, compared to 1,532.51/$ on Friday, indicating a 0.08 per cent dip. The exchange rate touched an intraday high of 1,535/$, and the lowest rate for the...
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Grandis Sets New Standard for Luxury Apartments in Lagos

18.08.2025
The Grandis 5-Star Luxury Apartment & Suites in Victoria Island, Lagos, has garnered commendation from real estate and construction professionals for its strict adherence to global safety and quality assurance procedures. Although construction has yet to commence, the project’s design has already generated significant attention within the property and architectural community, according to a statement...
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Nigeria Inflation Eases to 21.88% on Harvest, Stable Naira

18.08.2025
Analysts have projected a sustained deceleration in Nigeria’s inflation in the near term on the back of the ongoing harvest season, exchange rate stability, softer energy prices, and the base effect. The projections followed the release of the July 2025 Consumer Price Index, which saw the decline in inflation extended to the fourth month. According...
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New PPP Guidelines Issued for Nigerian MDAs by ICRC

18.08.2025
The Infrastructure Concession Regulatory Commission has issued guidelines to govern the development and implementation of all PPP projects in Nigeria, overhauling the country’s infrastructure delivery processes through Public-Private Partnerships. The commission formally unveiled the new framework, under the statutory powers conferred on it by the ICRC Act, 2005, and in compliance with the Presidential directive,...
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Nigeria’s Oil Production Surpasses OPEC Quota Again

18.08.2025
Nigeria’s average daily crude production rose to 1,507,000 barrels per day in July, according to a report by the Organisation of the Petroleum Exporting Countries. This is a 7,000-barrel-per-day increase above the quota approved for Nigeria by OPEC. The latest oil output figures indicate that the country has sustained its crude production above the OPEC...
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NSIA Insurance Champions Ethical Data Practices in Nigeria

18.08.2025
NSIA Insurance Limited has reaffirmed its commitment to ethical data practices and strengthening its partnership with the insurance broking community. The insurance firm expressed this assurance in a statement at the Professional Members Evening organised by the Nigerian Council of Registered Insurance Brokers, Abuja Area Committee, recently. The event focused on data protection and privacy...
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FG Backtracks on Deductions After NLC

18.08.2025
•NSITF moves to avert strike, says AGF will refund workers, NLC leaders meet The Federal Government has pledged to reverse deductions from the Employees’ Compensation Scheme managed by the Nigeria Social Insurance Trust Fund, to ease tensions with the Nigeria Labour Congress, following the threat of a nationwide strike by the union. Last week, the...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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