Author: David Great

The naira exchanged at 418.33 to the dollar at the investors and exporters window on Wednesday, representing a 0.32 per cent depreciation, compared to 417 naira to the dollar recorded on Tuesday. The open indicative rate closed at 418.25 naira to the dollar on Wednesday. An exchange rate of 444 naira to the dollar was the highest rate recorded within the day’s trading before it settled at 418.33 naira. eNaira app back on Google Play Store The naira sold for as low as 410 to the dollar within the day’s trading. A total of 151.07 million dollars was traded in…

Gunmen, suspected to be kidnappers, at the early hours of Wednesday, invaded and kidnapped four family members in Shadadi community in Kuje Area Council, Federal Capital Territory (FCT). Some residents of the community told the News Agency of Nigeria (NAN) on Wednesday in Abuja that the incident happened at about 1a.m. after the suspected kidnappers had shot sporadically into the air. A relative to the abductees, who preferred anonymity, told NAN that the kidnappers, numbering 10 forcefully gained entrance into the house after shooting sporadically into the air and pulling down the widow burglary. “Immediately they entered at about 1.a.m.,…

The Bayelsa State Police Command has been thrown into mourning, following the sudden death of an Assistant Commissioner of Police, Emmanuel Asufi. Sources at the police headquarters in Yenagoa said that Asufi, who was in charge of administration, slumped and died at his duty post on Tuesday afternoon. Spokesman of Bayelsa command, SP Asinim Butswat, who confirmed the demise of the senior police officer, said it was a sad day for the command. The deceased, who hailed from Ekwani community in Delta, was described as an amiable and easy-going officer who related well with the rank and file. A News…

Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Dr. Babatunde Irukera, has stated that the agency has no power to regulate consumer prices because it is not a price regulator and that Nigeria operates a free market economy. Irukera stated this in a recent interview with journalists in Abuja. According to the FCCPC boss, the law establishing the commission has a limited provision on price regulation which, if even it allows the government to get involved in prices, requires the commission to conduct research and make a recommendation to the President for a limited time of…

The Secretary to Niger Government, Alhaji Ahmed Matane, says the government has invested more than N3 billion in the Abuja Electricity Distribution Company (AEDC) for the provision of transformers, service lines and other services for communities. Matane announced this during a news conference in Minna on Wednesday. The AEDC on April 15 issued a notice to disconnected all government facilities from power supply over N1.9 billion debt the state government was owning the company. The company went ahead to disconnect all government facilities such as the state house of assembly complex, state secretariat, office of the Secretary to the Niger…

The Nigerian Air Force (NAF) says it will ensure thorough investigation into the cause of its Super Mushshak trainer aircraft crash that occurred on Tuesday at NAF Base, Kaduna. The Director of Public Relations and Information, NAF Headquarters, Air Commodore Edward Gabkwwt, made this known in a statement on Wednesday in Abuja. According to him, the Chief of Air Staff (CAS), Air Marshal Oladayo Amao, said this when he visited the families, friends and colleagues of the two pilots who lost their lives in the tragic incident. They are: Flt.- Lt. Abubakar Alkali and Flt.-Lt. Elijah Karatu. Amao, however, constituted…

An All Progressives Congress (APC), presidential aspirant, Adamu Garba, has expressed shock over the N100 million cost of expression of interest and nomination forms announced on Wednesday. The ruling party had earlier announced that the cost of the expression of interest and nomination forms for presidential aspirants was put at N100 million. The governorship nomination and expression of interest forms cost N50 million while senate nomination and expression of interest forms cost N20 million. House of Representative nomination and expression of interest forms cost N10 million while State House Of Assembly is N2 million. Reacting to the news via his…

The All Progressives Congress, APC, has fixed a price for its presidential nomination and expression of interest forms, it was put at N100 million. The staggering sum for nomination form was disclosed shortly after the 11th National Executive Meeting held on Wednesday in Abuja. Speaking to the nomination fees, the party’s National Publicity Secretary, Felix Morka, said cost for aspirants below 40 years will be halved. He explained that the nomination form would cost N70 million while expression of interest forms cost N30 million. 2023: Osinbajo best APC presidential candidate – Poll The governorship nomination and expression of interest forms…

Two men were on Wednesday docked in an Ikorodu Magistrates’ Court in Lagos State for stealing 8,924,000 kilogram of gas worth N5. 2 million. The police charged John Ameh, 22 and Adenuga Sherif, 40, whose addresses were not given, with conspiracy and felony to wit stealing. They pleaded not guilty to the charges preferred against them. The prosecution counsel, Inspector John Iberedem, said the defendants committed the offence between February and April at No. 15, Abike Jokogbade street, Sholebo Estate area of Ikorodu, Lagos. Iberedem alleged that the defendants conspired and stole the property of ARCUS gas company located in…

As fresh details of Iftar dinner emerge As 12 APC governors joined Vice President Yemi Osinbajo on 13 April for Iftar dinner, the atmosphere was one of camaraderie even as anxiety reached a crescendo. Prof. Osinbajo was going to declare to run for presidency and although he enjoys a smooth relationship with the governors, he needed to tell them first hand what his plans were. A source at the Iftar meeting disclosed that it was visible that the VP had a good relationship with the governors across party lines, ethnicities and religions. The source explained that their relationship deepened because…