The Kano State Police, also known as Hisbah, have arrested scores of people for failure to fast and ensuring compliance with the rules of Ramadan, the third pillar of Islam. Ramadan is a special month of the year for the … read more
Nigeria’s naira slumped 30 percent against the dollar on Monday after the central bank removed its currency peg in an effort to alleviate the chronic foreign currency shortages choking growth in Africa’s biggest economy. The central bank sold $530 million … read more
The Port Harcourt Electricity Distribution Company, (PHED) has notified electricity consumers in Rivers, Bayelsa, Cross River and Akwa Ibom States that the National Power Grid has collapsed, PM news reports. The Head of Corporate Communications of the Port Harcourt Electricity … read more
The Economic and Financial Crimes Commission (EFCC) has assured that the outcome of probe of Nigerians indicted in documents leaked by the Panamanian law firm, Mossack Fonseca, also known as Panama Papers, will soon be made public. EFCC Chairman, Mr. … read more
Nigeria is allowing its struggling currency, the naira, to trade freely in a move to tackle the financial crisis in Africa’s most populous nation. Financial blogger Feyi Fawehinmi looks at how it will affect people’s lives. 1. Petrol prices will … read more
Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, have threatened to shut down operations and activities in the nation’s oil and gas industry if some employers in the industry do not … read more
Nigerian President Muhammadu Buhari arrived back in the capital Abuja on Sunday after a twelve-day stay in Britain where he had treatment for an ear infection and a holiday. Buhari exited his plane waving to ministers and army chiefs who … read more
Nigeria’s naira is expected to lose around a third of its value when market trading begins on Monday, bringing to an end the central bank’s much-criticised fixed exchange rate system. The naira has been pegged at 197 to the U.S. … read more
Three militant groups, Reformed Egbesu Boys, Egbesu Water Lions and Egbesu Mythier Fraternity, have disowned the Avengers and Movement for the Emancipation of the Niger-Delta, MEND, which raised a negotiation team to dialogue with the federal government. The General Officer … read more
In furtherance of efforts to curtail the incidence of road accidents and ensure effective service delivery, the Lagos State government yesterday announced plans to regulate the operations of all driving schools in the State. General Manager of the Lagos State … read more