The naira appreciated against the dollar at the close of business on Thursday on the foreign exchange market. FMDQ data showed that the naira gained slightly to N 1593.93 per dollar on Thursday from N1606.56 recorded on Wednesday. This represents N12.63 appreciation. Meanwhile, on the black market, the naira fell to N1625 per dollar on Thursday from N1620 on Wednesday. This comes as the foreign exchange transaction turnover decreased by $155.52 million on Thursday from $160.94 million the previous day. Naira appreciates as FX turnover declines on Thursday
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Nigeria goalkeeper John Noble has switched clubs in Tanzania, dumping Tabora United for Fountain Gate FC, DAILY POST reports. Noble spent one year at Tabora United following his arrival from nine-time Nigeria Premier Football League champions, Enyimba last summer. The goaltender won the NPFL title in his final season with Enyimba. He put pen to paper on a one-year contract with Fountain Gate FC with the option of another year. Noble was part of the Super Eagles squad at the 2021 Africa Cup of Nations in Cameroon. The Super Eagles were knocked out in the Round of 16 by the…
The new Director General of the Department of State Services, DSS, Adeola Oluwatosin Ajayi, assumed his office on Thursday. Ajayi was warmly received by his predecessor, Yusuf Magaji Bichi, who briefed him on related issues and both men recalled moments that they worked together in the past while reflecting on the respect and admiration they have for each other. A statement signed by DSS spokesman Peter Afunanya said the duo later addressed the management and staff of the service. The statement reads: “The newly appointed Director General of the Department of State Services, Mr Adeola Oluwatosin Ajayi, MON, assumed office…
Director General of Nigeria’s external broadcaster, Voice of Nigeria, VON, Malam Jibrin Ndace, has insisted that Nigerians needed to be unapologetic in telling their stories. He urged all Nigerians to be courageous in depicting the Nigerian cultures and tribes. Ndace made the call when he paid a courtesy call on the Obong of Calabar, Edidem Ekpo Okon, Abasi Otu V, on Thursday. He said if Nigerians do not blow their trumpets, no other person would do that. “There are enough positive stories to tell about Calabar, Nigeria and Africa, ranging from our diversity, dynamism, and the beauty of our dressings…
President Bola Tinubu on Thursday in Abuja urged the newly appointed Brazilian ambassador to Nigeria, Carlos Jose Areias, to prioritise the establishment of direct flights between Nigeria and Brazil. Receiving the letter of credence from the Brazilian ambassador, President Tinubu reiterated his discussions with President Luiz Inácio Lula da Silva of Brazil on the matter, in February, on the margins of the African Union Summit, in Addis Ababa, Ethiopia. The President expressed Nigeria’s commitment to working closely with Brazil to strengthen bilateral relations and advance shared priorities, welcoming the country’s presidency of the G20 in 2024. ”We have a long…
The acting governor of Niger State, Yakubu Garba, has called for peace between the Gbagyi and Fulani communities in Barkuta, Bosso Local Government Area. This was following a recent communal clash between the two sides in the area. During a visit to the affected community, Garba met with leaders from both groups as well as key stakeholders, including the Commissioner of Police, commissioners for Homeland Security, Agriculture, and Nomadic Affairs, and the Chairperson of Bosso Local Government Area. He expressed sorrow over the incident, describing it as unfortunate, and emphasized the need for peaceful coexistence among ethnic groups. The acting…
As the Edo State gubernatorial elections approach, Osaigbovo Logan Okunbor, a youth leader from the Edo North senatorial district, has raised concerns about the absence of a female figure in the campaign train of the All Progressives Congress, APC. According to him, the development could be a missed opportunity to engage with the crucial female demographic in Edo State. He specifically pointed out the lack of visibility of Blessing Okpapi, the wife of APC gubernatorial candidate Senator Monday Okpebholo, from the campaign trail. He has observed significant pressure on the campaign organisation to involve Mrs Okpapi more actively, including calls…
Arsenal are believed to be one of many clubs who have explored the conditions of a deal for Bayern Munich winger Kingsley Coman according to Sky Sports. Gunners boss Mikel Arteta is looking at the market for another attacking player. Arteta specifically wants to bring in another winger to compete with Bukayo Saka and Gabriel Martinelli ahead of Friday’s deadline. Barcelona have also enquired about Coman, but a deal would be difficult given the LaLiga club’s financial issues. Saudi Pro League side Al-Ahli have made an offer as the player assesses all his options. However, Coman staying at Bayern has…
BUA Cement held its 8th Annual General Meeting today. According to the financial report presented by the Board of the company, it recorded a strong revenue growth of 27.4% to N460 billion (2022: N361 billion), resulting from its increasing market share. However, with the devaluation of the Naira in June 2023, and its continued depreciation, as well as growing inflation, the Company experienced increasing price pressures which affected production costs, which increased by 39.5% to N276 billion (2022: N197.9 billion). Within this period under review, a net foreign exchange loss of N70 billion (2022: N5.5 billion) was recorded, with N52.5…
The Chief of Army Staff, Lt. Gen. Taoreed Lagbaja, has reassured Nigerians that the military will soon surmount the prevailing security challenges bedevilling the country. Lagbaja, who stated this on Thursday in his closing remarks at the Army Combined 2nd and 3rd Quarters Conference 2024 held in Uyo, Akwa Ibom State, said the reassurance was based on the security briefings he received from different army formations and commands across the country. He said: “I must say that the feedback from the various commanders is encouraging. They show that the prevailing security challenges facing our dear nation, though daunting, are surmountable…