Naira drops to N470 but rises at official market

The naira on Friday weakened against the dollar at the parallel market, nullifying the N5 it gained on Thursday to exchange at N470 to a dollar. However, the Nigerian currency appreciated against the dollar at the official interbank market. It gained 50k to exchange at N304.50, from N305 posted on Thursday. At the bureau de […]

UNICEF frees 876 children held for possible Boko Haram ties

The UN has negotiated the release of nearly 900 children detained by the Nigerian Army after they retook land from Boko Haram militants, a senior official said. The 876 children had been held in the barracks in Maiduguri, UNICEF’s Regional Director for Western and Central Africa, Manuel Fontaine, said after visiting the north-eastern city. It […]

God sent Buhari to save Nigeria from collapse

The National Chairman of Nigeria’s ruling All Progressives Congress, APC, says God sent President Muhammadu Buhari to save Nigeria from collapse. The News Agency of Nigeria reports that Mr. Oyegun made the observation in Sokoto on Friday when he declared open a three-day retreat organised by the Kano State Chapter of the party for its […]

Maiduguri explosions kill 9, injures 24 — NEMA

Two suicide bomb explosions that occurred in Maiduguri, Borno State, early Saturday, killed nine people, the National Emergency Management Agency, NEMA, has said. A witness told PREMIUM TIMES earlier that six bodies were evacuated from the two locations of the attack. But a spokesperson for NEMA, Sani Datti, said in a statement that three more […]

NISRAL Mobilises N65bn Rice Value Chain Project

In view of the need to enhance the value chain in rice production, the United Nations Development Programme (UNDP) is organizing stakeholders in Niger State for value chain rice production even as the Nigeria Incentive-Based Risk Sharing for Agricultural Lending (NIRSAL) has facilitated N65 billion loans to farmers across the country for same project. This […]

Obanikoro refunds N100m to EFCC, may get bail

Former Minister of State for Defence, Sen. Musiliu Obanikoro, has allegedly refunded the sum of N100m to the Economic and Financial Crimes Commission, EFCC. Obanikoro, however, is still being detained as at Friday night. A source at the EFCC told Punch that the former minister paid the money “as a major condition for his bail”. […]

EFCC to confiscate Patience Jonathan’s property nationwide

The Economic and Financial Crimes Commission, EFCC, has begun moves to seize properties belonging to former First Lady, Patience Jonathan. The commission started the probe in a bid to gather evidence against her, following the freezing of $20m traced to her. EFCC has also set up a team of detectives saddled with the responsibility of […]

PMB Congratulates Afe Babalola At 85

President Muhammadu Buhari has heartily congratulated legal luminary, educationist and philanthropist, Chief Afe Babalola, as he turns 85 on October 30, 2016. In a statement by his Special Adviser Media, Femi Adesina, President Buhari joined members of Afe Babalola’s family, close associates, professional colleagues and the academia in celebrating this milestone in the life of […]

EFCC Docks Oil Dealer For N6.5m Fraud

The Economic and Financial Crimes Commission (EFCC), yesterday, arraigned one Moses Godia Shipi, managing director, La Shipson Construction Nigeria Limited before Justice Hussein Baba-Yusufu of the Federal High Court sitting in Maitama, Abuja on a 16-count charge bordering on conspiracy, forgery and obtaining by false pretence to the tune of N6.5million. According to the spokesperson […]