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Day: February 1, 2024

Police restrict movement in Lagos, 25 other states for by-election

The police boss said the idea was to safeguard the integrity of the election and guarantee equal participation for all citizens in the affected states. The Inspector-General of Police (I-G), Kayode Egbetokun has ordered restriction of movements in 26 states, ahead of Saturday’s re-run and by-election. A statement by the Force Public Relations Officer, ACP…

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Shettima calls those celebrating naira’s fall on Twitter clowns

The Vice President said instead of Nigerians to band into a single force and salvage the nation’s sinking economy, some people chose to celebrate the fall of the naira. Nigeria’s Vice President, Kashim Shettima, has lashed out at some Nigerians, who are celebrating the depreciation of the naira against the dollar. While expressing his disappointment…

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NGX equity market rebounds by 1.63%, investors gain ₦902bn

Adonri said that the performance of the market and its benchmark, the All-Share index at over 100,000 was quite unimaginable. The equity market on Thursday rebounded by 1.63 per cent from its two-day losses due to improved investors’ buy interest in the stocks of Tier-one banks and BUA Cement. Similarly, investors gained ₦902 billion or…

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Bank customers decry hardship, reduced purchasing power amid naira fall

A banker who preferred anonymity told NAN that banks would always strive to reduce the hardship faced by customers due to the scarcity and fall of the Naira. Bank customers resident in the Federal Capital Territory (FCT) have decried the continuous fall of the naira to the dollar. According to them, their purchasing power has…

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Youth minister unveils scorecard after 100 days in office

The minister said that the initiative aimed to empower young Nigerians lacking formal education or skills. Dr Jamila Bio-Ibrahim, Minister of Youth Development, says she has involved critical stakeholders within and outside the government to ensure the success of President Bola Tinubu’s administration. The Head of Press, Public Relations Unit of the ministry, Maryam Yusuf,…

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Police warn politicians against importing thugs for Kano re-run election

He also warned troublemakers to stay clear of the re-run election venues, stressing that carrying any weapon during the exercise would be met with a stiff penalty. The Police Command in Kano State has warned politicians and political interest groups against importing thugs for Saturday’s state House of Assembly re-run election. The News Agency of…

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CBN relaxes restrictions on FX rates quoted by IMTOs

The CBN also cautioned the DMBs against hoarding excess FX currencies for profit. The Central Bank of Nigeria (CBN), has removed the allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). This is according to a circular signed by Dr Hassan Mahmud, the Director, Trade and Exchange Department of the CBN,…

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Tinubu congratulates Dangote on highest award in Senegal

The President commended Dangote and wished him the very best in his endeavours. President Bola Tinubu has congratulated Aliko Dangote on the award of National Order of the Lion by Senegal. President Macky Sall of Senegal will confer the award on the Nigerian industrialist and President of the Dangote Group on Friday. Chief Ajuri Ngelale,…

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Bauchi govt to sponsor 20,000 poor students for WAEC, NECO exams – Official

Dahiru said the state government would also pay registration fees for the JAMB examination for those who excel in the mock examination. The Bauchi government says it will pay the registration fees of 20,000 indigent students for the 2024 West African Examination Council (WAEC) and National Examination Council (NECO). The Commissioner for Education, Dr Jamila…

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Police burst 12-member fake dollar syndicate in Gombe

The Spokesman said the police recovered 563 pieces of counterfeit 100-dollar bills and ₦265,000 from the suspects. The Police Command in Gombe says it has arrested 12 suspected members of a fake dollar syndicate in the state. The Police Public Relations Officer (PPRO), ASP Mahid Abubakar, who disclosed this on Thursday, said that the suspects…

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