Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN), purchasing at least $105.33 million in successful foreign exchange (FX) bids. This allocation represents about 13% of the $876.26 million that the CBN distributed among qualified banks. ALSO READ We don’t receive full crude supply from NNPC, Dangote insists Zenith Bank, Access Bank, Providus Bank, Union Bank, and Sterling Bank were the primary banks that secured the most FX for Dangote’s firms in the latest CBN Retail Dutch Auction. Four of these banks are also on the list of…
Author: Abdoulaye Kay
Residents of Kano who rely on charcoal for cooking and other energy needs have expressed concern over the sharp increase in its price. They reported that the cost has risen beyond the reach of many, making it increasingly difficult for ordinary people to afford. A housewife, Aisha Isa, noted that a large bag of charcoal, which previously sold for ₦4,000, now costs ₦6,500. She added that finding small quantities for ₦50 is impossible, with the minimum price now at ₦150. Another resident, Agnes John, lamented that charcoal is gradually becoming unaffordable for the common person and urged the government to…
“So, the very beginning is ourselves, yes system, yes we have to rethink our democracy but the character of people in government must change. With all due respect, most of those in government should right now be behind bars or in gallows,” he said.
Renowned Nigerian luxury and lifestyle journalist, Adeniyi Ifetayo Moses, has been honored with the prestigious ‘Excellence in Journalism’ award at The Headlamp Awards, held during the Afro Commerce Connect event in Brampton, Ontario, Canada. The event, organized by Cross Roads of Culture, centered around the theme “African Diaspora Startups,” aiming to help entrepreneurs navigate opportunities and challenges in Canada. The award ceremony took place at The Conservatory City Hall, where Ifetayo was celebrated for his nearly two-decade-long career in journalism. The award was presented by Wale Rabiu, CEO of Grey Matlock. In his acceptance speech, Ifetayo expressed his surprise and…
President Bola Tinubu on Friday in Abuja received The Patriots, a group of eminent Nigerians, and emphasized that retooling the economy for sustainable growth and development is a major priority of his administration. The President also assured the group that their request for the convening of a national constituent assembly with the mandate to draft a new constitution will be reviewed. President Tinubu made this declaration when he received members of the group led by Emeka Anyaoku, former Commonwealth Secretary-General, at the State House. Speaking on behalf of The Patriots, Anyaoku appealed to the President to send an executive bill…
Claim: A Facebook user, Khailan Arab, posted that dragonflies can eat 100 mosquitoes in a day and, therefore, serve as mosquito repellant. By Faruk Shuaibu Verdict: The claim is true. A Google Search Engine churned out dozens of articles extolling the predatory nature of dragonflies in controlling insects in their environment. This includes their ability to eat 100 mosquitoes a day and other insects. Full Text: Mosquitoes are regarded as the deadliest animal in the world through the spread of Malaria. According to a report by the World Health Organization (WHO), there were 249 million cases of malaria in 2022, with…
World record-holder Oluwatobiloba Amusan, who has been widely regarded as Nigeria’s brightest hope for a medal at the Paris Olympic Games, suffered a disappointing exit on Friday as she failed to qualify for the final of the women’s 100m hurdles.
The case, filed under Section 211 of the Nigerian Constitution and various sections of the Kano State Administration of Criminal Justice Law (2019), involves multiple counts of criminal conspiracy, breach of trust, and misappropriation. The legal team, led by Ya’u A. Adamu Esq., is supported by a detailed list of 143 witnesses, including local government cashiers, foreign currency exchange operators, and former bank employees.
The Benue state government has confirmed the killing of over 30 people by a local militia in Ayati village, Ukum Local Government Area of Benue State on Thursday night. The Commissioner for Information, Culture, and Tourism, Mr. Matthew Aboh, stated this while addressing newsmen on Friday in Makurdi. Aboh said that adequate security has been deployed to the area to restore order. According to the commissioner, a total of 30 bodies have been recovered after the attack, with more bodies still being found in the surrounding bushes. He attributed the killings to a battle for supremacy between local militias in…
Khalipah Isyaku Rabi’u University Kano (KHAIRUN), one of the fastest-growing private universities in Nigeria, has announced a new collaboration with SolaceBase, an online newspaper, aimed at enhancing media coverage and fostering the academic growth of the young institution. The Vice Chancellor of KHAIRUN, Prof. Abdulrashid Garba, emphasized that the university chose to partner with SolaceBase due to the online newspaper’s reputation for accurate and balanced reporting. “This partnership marks a step forward in bridging the gap between academia and the media, promoting a more informed and educated society,” the Vice Chancellor said. Speaking on Wednesday at the university premises in…