Vice-President Kashim Shettima has revealed that Nigeria spends $25 billion per annum on the importation of petroleum products. Speaking at the Vanguard Economic Discourse themed ‘Reforms in the Era of Global Economic Uncertainties: Whither Nigeria’, which was held at the Civic Centre, Victoria Island, Lagos, Shettima said the importation of fuel would soon be…
Justice C.A. Obiozor of the Federal High Court sitting in Benin City has convicted and sentenced one Osazee Kenneth Imagbenikaro to jail for spraying naira notes. Imagbenikaro was convicted on a two count charge for offence bordering on spraying naira notes on Thursday May 16, 2024 contrary to Section 21(3) of the Central Bank of…
Minister of Women Affairs, Uju Kennedy-Ohanenye has announced scholarships and gave various gift items to 100 orphaned girls in Niger State, ahead of their mass wedding today, May 24. The minister who initially condemned the mass wedding of the young girls being sponsored by the Speaker of the state House of Assembly, Abdulmalik Sarkindaji, had…
A middle-aged woman was brutally murdered by an unknown person in a hotel in Sokoto State. A spokesperson for the State Police Command, ASP Ahmed Rufai, who confirmed the incident to Punch on Friday, May 24, 2024, said the mother of four was found dead with a slit throat in the toilet of the…
The Naira on Friday, May 24, depreciated to N1,520 per dollar from N1,515 per dollar recorded on Thursday, May 23, in the parallel market. It was however appreciated to N1,482.81 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,482.81…
