The International Monetary Fund has said the naira is currently under pressure and Nigeria is free to seek loan from the Fund to stabilise the currency if it considers a good option. The Washington-based lender however noted that recent exchange reforms and other steps taken by the Nigerian authorities were in order. It also expressed…
All is set for the construction of the Lagos Film City – one of the Legacy Projects of the Governor Babajide Sanwo-Olu administration. The groundbreaking of the $100m project has been scheduled for Wednesday in Ikosi Ejinrin, Lagos East Senatorial District. Commissioner for Tourism, Arts and Culture, Mrs. Toke Benson-Awoyinka broke the news at the…
“We must do what has never been done before. What is the argument on the other side? Only this, that no case has been found in which it has been done before. That argument does not appeal to me in the least. If we never do anything which has not been done before, we shall never…
The Lagos Country Club, Squash Section is thrilled about the successful organization of its annual members clinic, a much-anticipated event that promotes the spirit of camaraderie and the love of squash. Since its inception in 2016, this clinic has been a beacon of encouragement, bringing both new members and the broader club community together to…
Mohbad, Naira Marley and Sammy Larry The coroner’s inquest looking into the cause of the death of a singer, Ilerioluwa Aloba, aka Mohbad, has summoned controversial singer, Abdulazeez Fashola, aka Naira Marley; Owodunni Eletu, aka Sam Larry; and Owodunni Ibrahim, aka Primeboy, to appear before it on October 25, 2023. At the inquest, Magistrate Sotobi…
The Rivers State woman, Favour Nweke, who bathed her husband, Ekelediri Nwokekoro, with hot groundnut oil in Okehi in Etche Local Government Area of the state, has explained what led to her action. The woman stated this on Friday while she was paraded before journalists during a media briefing at the Rivers State Police Command’s…
Nigeria has been ranked the second most prayerful country on earth. Afghanistan was ranked first with 96 percent prayer rate. According to the Pew Research Centre, Nigeria took the second position with 95 percent prayer rate. The Pew Research Centre is a non-partisan American think-tank based in Washington, D.C. Meanwhile, the likes of China (1%),…
A woman identified as Mrs. Hope Nwala from Obite community has bathed her husband, Mr Ekelediri Nwankwo with hot vegetable oil in their home in the Okehi community in Etche Local government area of Rivers State. She was also said to have hit him with a hammer before scalding him with hot oil. According to…
Maj. Gen. Umaru Mohammed A Nigerian Army special court martial sitting in Abuja, on Tuesday, convicted a former Group Managing Director, Nigerian Army Properties Limited, Maj. Gen. Umaru Mohammed, of corruption and sentenced him to seven years’ imprisonment The military court also ordered Mohammed to pay back $2,178,900 (When converted to naira (at N1000 per…
•Forex crisis hinders raw materials procurement, causes financial problem – NECA •SMEs decry impending shutdown, Reps probe airlines, schools demanding dollars The naira fell further on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$. Owners of small-scale enterprises, Nigeria Employers’ Consultative Association, and manufacturers, who spoke to The…
