The Naira on Friday appreciated at the Investors and Exporters window, exchanging at N420.12 to the dollar, a 0.01 appreciation against N420.17 traded on Thursday. The open indicative rate closed at N419.79 to the dollar on Friday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading before it settled at N420.12. The Naira sold for as low as N413 to the dollar within the day’s trading. A total of $162.98 million was traded in foreign exchange at the official Investors and Exporters window on Friday.
Author: Newsdesk
President Muhammadu Buhari has congratulated Baroness Patricia Scotland, on her reappointment as Secretary-General of the Commonwealth. Leaders of the Commonwealth meeting in Kigali, Rwanda on Friday reappointed Scotland by consensus for a further two years to complete the balance of her period in office. In a congratulatory message by his spokesman, Mr Femi Adesina, on Friday in Abuja, the Nigerian leader commended the purposeful leadership of the Dominican-born barrister and diplomat in the last six years. He lauded her for championing the values of the association in the areas of youth, women and childcare, trade, among others. The president expressed…
Just when one thinks that Sahara Reporters is in the process of finding its way to the path of redemption, it comes out to reassert itself as a hate-spewing platform that is committed to reporting Nigeria into destruction by targeting public office holders and attempting to tarnish their image. This is why it is no surprise that Sahara Reporters’ obsession with retired Ambassador Tukur Buratai, Nigeria’s Envoy to the Republic of Benin, is one that defies solutions. The junk online publication’s latest installment in its bash-Buratai obsession was sensationally captioned “EXCLUSIVE: Anti-graft Agency, ICPC Uncovers Billions In Cash Meant For…
The Federation Account Allocation Committee (FAAC) has shared May 2022 Federation Revenue Allocation to the federal, states and local government councils to the tune of N680.783 billion. This is contained in a communiqué issued at the end of June 2022 FAAC meeting held in Abuja. According to the Communiqué, the N680.783 billion total distributable revenue comprised distributable statutory revenue of N385.004 billion, distributable Value Added Tax (VAT) revenue of N198.512 billion and Electronic Money Transfer Levy (EMTL) revenue of N97.267 billion. In May 2022, the total deductions for cost of collection was N36.996 billion and total deductions for transfers and…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has raided and discovered billions of Naira from a property allegedly belonging to a military contractor, K Salam Construction Company. The commission, in a terse statement titled, “ICPC Clears The Air On Media Report Of Abuja Property’s Raid And Seizure”, by its spokesperson, Azuka Ogugua, said its operatives raided a property in Wuse 2 of the Federal Capital Territory (FCT), Abuja, on Thursday, 16th June, 2022 between 5:00pm and 12:00am in suspicion of money laundering. According to Ogugua, the operatives recovered money and other items from the property, included ing…
The U.S. States will send another $450 million in military aid to Ukraine, including some additional medium-range rocket systems, to help [osh back Russian progress in the war. John Kirby, a senior White House official said in the four months since the Russian invasion of Ukraine began, the U.S. has delivered or pledged weapons and military equipment to Kiev worth around $6.1 billion. U.S. President Joe Biden will fly to Germany this Saturday to attend the G7 summit, which will take place at Bavaria’s Schloss Elmau from Sunday to Tuesday. Ahead of the summit, Biden is also due to meet…
The Muslim Rights Concern (MURIC), on Friday appealed to the Federal Government (FG) to name a train station after the former Deputy Premier of Western Nigeria, late Chief Remi Fani-Kayode. Prof. Ishaq Akintola, the group’s director, who made the appeal in a statement signed in Lagos, said that the former Deputy Premier deserved the honour. He explained the icon deserved the honour, given the esteemed positions held by him when he was alive and the sacrifices he made for Nigeria. “It has come to our notice that the name of Chief Fani-Kayode is conspicuously missing among the names of those…
Uganda has announced that it has struck a deposit of 31 million tonnes of gold ore, with extractable pure gold estimated to gross 320,000 tonnes. President Museveni provided little detail, pointing in general that it would fetch the country more than $12 trillion. Technocrats in the Ministry of Energy and Mineral Development, Mr Museveni noted, had informed Cabinet that the country was positioned to get slightly under $700 million in royalty payments, with the investors poised to cash in on the windfall. Ministry of Energy and Mineral Development spokesperson Solomon Muyita noted that the gold-endowed parts of Uganda include Alupe…
Qatar has warned it will ban sex-outside-marriage by players and fans during the forthcoming 2022 World Cup Tournament. According to it, failure to abide to the rule will result to prosecution that may lead to seven years imprisonment.
The National Drug Law NDLEA arrested seven suspects for alleged drug trafficking at the Malam Aminu Kano International Airport, Kano in May and June Its commander at the airport, Mr Sani Abubakar, made the disclosure on Friday in Kano in commemoration of the 2022 UN International Day against Drug Abuse and Trafficking. He said the suspects were arrested with Indian hemp, tramadol, pentazocine and khat, among others and would soon be arraigned. “They were arrested at the airport while attempting to smuggle drugs into the country. “A total of 470.21 kilograms of drugs were seized from the suspects. “NDLEA operatives…