The naira massively depreciated against the dollar at the foreign exchange market to kick off the week on a negative note amid a significant drop in FX supply on Monday. FMDQ Data showed that the naira dropped to N1670.65 per dollar on Monday from N1600 exchanged last Friday. This represents a N70.65 depreciation. Similarly, at the parallel market, the naira fell to N1746 per dollar on Monday from N1740 traded at the close of last week. The development comes after foreign exchange transaction turnover dropped significantly to $81.17 million on Monday from $284.93 million on Friday. Naira depreciates massively as…
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No fewer than six suspected cable vandals are currently in the custody of the Niger State Police Command for stealing armoured cables and street lights in Minna metropolis. They were arrested by officers of the command on routine patrol along the Keteren-Gwari area of Minna, the state capital. The state command’s Public Relations Officer, SP Wasiu Abiodun, said: “On October 27, 2024, at about 3 pm, police operatives attached to Kpakungu Division with vigilante members, while on routine patrol along the Keteren-Gwari area of Minna, intercepted the suspects.” The suspects include Umar Mustapha, 40, Idris Abdullahi, 20, Mahmud Mohammed, 37,…
The legal team of Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, on Monday met with the Biafra agitator. This followed the lifting of restrictions placed by the Department of State Services, DSS, by blocking Kanu from having access to his legal team after his last court hearing. DSS had placed the restriction after Kanu caused an uproar at the Federal High Court in Abuja, where he demanded the recusal of Justice Binta Nyako. But the court had threatened to jail DSS Director General Adeola Ajayi if the secret police failed to lift the restriction. Amid the blockade,…
Real Madrid legend Toni Kroos has questioned the importance of the Ballon d’Or. Kroos raised the question while affirming that Manchester City’s Rodri will win the 2024 Ballon d’Or tonight in Paris, France. Rodri is all set to win the 2024 Ballon d’Or after it was reported that no Real Madrid representatives will be at Monday’s night event because Vinicius Jr. will not take home the prize. This follows widespread speculation on social media that Rodri will win it ahead of Vinicius. Providing his opinion on this year’s Ballon d’Or, Kroos said (via Fabrizio Romano): “Rodri will win the Ballon…
Plateau United technical adviser Mbwas Mangut has insisted that his team still need to improve despite their victory over Sunshine Stars. The Peace Boys beat Sunshine Stars 3-0 in Sunday’s matchday nine fixture at the New Jos Stadium. Adamu Abubakar netted a brace, while Vincent Temitope scored the other goal for Plateau United. Mangut commended his players for the victory but confessed they still have more work to do. “We really worked hard and the team responded but for me, we still have no comfort on the ball,” Mbwas told Plateau United’s media. “We are still struggling with circulating the…
Lobi Stars recorded their first win under new manager Daniel Amokachi, courtesy of a 2-1 victory over Bayelsa United at the Lafia City Stadium on Monday night. Ossy Martins scored both goals for the Makurdi club. Martins has now registered five goals for Lobi Stars this season. Ibrahim Mustapha scored Bayelsa United’s only goal of the game. In Ilorin, Kwara United were held to a 1-1 draw by holders Rangers. Abdulraheem Shola gave Kwara United the lead in the 42nd minute, while Kingsley Maduforo equalised for Rangers three minutes later. NPFL: Amokachi’s Lobi Stars end winless streak, Rangers held by…
Taraba State, through its Task Force on Environmental Protection, Public Safety and Prohibition of Land Degradation, has said the fear of desert encroachment and other environmental degradation is behind the current effort to curb tree burning for charcoal. There has been an outcry in the state over the rising cost of charcoal, caused primarily by the ongoing effort to curtail the illegal cutting of trees. Some families said the crisis has led to more hardship, especially in the face of the high cost of gas and fuel for domestic use. However, the government, through the chairman of the task force,…
The Federal Government has confirmed the arrest of three Chinese nationals and two Nigerians suspected of illegal mining in Nasarawa State. The Minister of Solid Minerals Development, Dele Alake, made the disclosure in a statement by his Special Assistant on Media, Segun Tomori, on Monday in Abuja. Alake said that the suspects were arrested at an illegal mining site located at Rafin-Gabas, Agwada, in Kokona Local Government Area. He stated that the ministry’s mining marshals, established to secure mining sites across the nation, made the arrest in a recent operation following credible intelligence. “The suspects were arrested for mining without…
Manchester United legend Gary Neville has urged interim manager Ruud van Nistelrooy to consider playing a three-man defence at the club following Erik ten Hag’s sack. Neville believes Man United could benefit from lining up with a three-man defence in order to provide more solidity to the team. Van Nistelrooy took over from Ten Hag after the former Ajax coach was sacked on Monday. Man United parted ways with Ten Hag after their 2-1 defeat to West Ham United in the Premier League on Sunday. However, when asked if Van Nistelrooy could immediately instill a new identity in the team…
A legislative move by the Senate for the establishment of the Federal University of Agriculture and Entrepreneurship in Bama, Borno States, got overwhelming support from all stakeholders during a public hearing held on Monday in Abuja. At the public hearing organised by the Senate Committee on Tertiary Education and TETFund, the sponsor of the bill, Senator Kaka Shehu Lawan (APC, Borno Central), said the sad trend of the quest for white-collar jobs with the attendant unemployment rate underscores the need for a specialised university with a focus on agriculture and entrepreneurship. Entrepreneurship education, according to him, is a form of…