Economist and Managing Director of Financial Derivatives Limited, Bismarck Rewane, has projected that the naira would trade within N1,600-N1,650 to a dollar in the near term. Rewane said this during his presentation at the June edition of the Lagos Business School Breakfast session. The analysts who did a mid-term economic review of the current administration […]

Thirty-four embassies in Abuja risk being closed down by the Federal Capital Territory Administration over unpaid ground rents spanning 11 years, The PUNCH reports. The PUNCH, however, learnt that the opposition Peoples Democratic, Federal Inland Revenue Service and the National Agency for the Prohibition of Trafficking in Persons, who were also listed as defaulters, had […]

The National Agency for Food and Drug Administration and Control (NAFDAC), Ogun II Office, Ota, has sealed the facilities of 39 illegal packaged water producers in the state between February and June. Mr Mawo Benu, Ogun II State Coordinator, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Ota, […]

The Minister of Defence, Badaru Abubakar, has revealed that Nigeria is steadily moving from dependence on foreign military procurement to local production. In a statement made available to newsmen on Wednesday by Mati Ali, the Personal Assistant on Media and Publicity to the minister, Badaru stated that “this aims to facilitate local production, repairs, refurbishment, […]

Elon Musk has publicly condemned President Donald Trump’s proposed spending bill, calling it an “outrageous, pork-filled, disgusting abomination” just days after his departure from a White House advisory role, The Independent UK reported. The billionaire entrepreneur, who recently completed a 130-day stint as a special government employee leading the Department of Government Efficiency, voiced his […]

Governor Ahmed Aliyu of Sokoto State has expressed sorrow over the twin tragedies that struck Kano and Niger states, claiming many lives. In a statement issued on Wednesday by his Press Secretary, Abubakar Bawa, the governor described the death of 22 Kano athletes in a recent road accident as a “national tragedy” that has cast […]

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